Yeast Extract Market Size, Share, Forecast, & Trends Analysis by Type, Yeast Source, Form, Application

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Yeast Extract Market Size, Share, Forecast, & Trends Analysis by Type (Autolyzed, Hydrolyzed Yeast), Yeast Source (Baker's, Brewer's, Torula Yeast), Form (Powder, Paste), Application (Food & Beverages, Animal Feed, Pharmaceuticals)-Global Forecast to 2031

According to a new market research report titled, 'Yeast Extract Market Size, Share, Forecast, & Trends Analysis by Type (Autolyzed, Hydrolyzed Yeast), Yeast Source (Baker's, Brewer's, Torula Yeast), Form (Powder, Paste), Application (Food & Beverages, Animal Feed, Pharmaceuticals)-Global Forecast to 2031,' published by Meticulous Research(R), the yeast extract market is projected to reach $2.92 billion by 2031, at a CAGR of 6.8% from 2024 to 2031. The report provides an in-depth analysis of the yeast extract market across five major geographies, current market trends, size, and recent developments, and the forecast for 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, challenges, and trends.

The growth of the yeast extract market is primarily driven by the increasing demand for bakery products, the growing vegan and vegetarian population, the rising demand for alcoholic beverages, and the increasing reduction in salt consumption. However, the high availability of substitutes and fluctuation in raw material prices restrain the growth of this market to some extent.

Furthermore, the increasing demand for natural ingredients and plant-based food and meat alternatives is expected to offer growth opportunities for the players operating in this market. On the other hand, the high initial cost of setting up a production plant and stringent regulatory processes are the major challenges impacting the growth of the yeast extract market.

Moreover, the growing demand for clean-label products and increasing health consciousness among consumers are prominent trends in the yeast extract market.

Key Players

The key players operating in the yeast extract market are Lesaffre (France), Kerry Group plc (Ireland), AngelYeast Co., Ltd. (China), Leiber GmbH (Germany), Lallemand Inc. (Canada), Synergy Flavors, Inc (U.S.), Thai Foods International Co., Ltd. (Thailand), Thai Foods International Co., Ltd. (Thailand), Halcyon Proteins Pty Ltd. (Australia), Alltech Inc (U.S.), Ohly GmbH (Germany), KOHJIN Life Sciences Co., Ltd. (Japan), Sensient Technologies Corporation (U.S.), Oriental Yeast Co., Ltd. (Japan), Kothari Fermentation and Biochem Ltd. (India), Koninklijke DSM N.V. (Netherlands), and Novozymes A/S (Denmark).

Based on type, the yeast extract market is segmented into autolyzed yeast extract and hydrolyzed yeast extract. In 2024, the autolyzed yeast extract segment is expected to account for the larger share of over 62.0% of the yeast extract market. The large market share of this segment can be attributed to autolyzed yeast being produced through the autolysis process, where the yeast cells break down using their own endogenous enzymes, as it is simpler and less controlled compared to the hydrolysis process. In addition, it is mostly used in the food industry to enhance savory flavors and provide an umami taste. Also, a carefully controlled autolysis process produces a wider variety of flavors with better product quality and efficacy, supporting the growth of the market.

Based on yeast source, the yeast extract market is segmented into baker's yeast, brewer's yeast, and torula yeast. In 2024, the baker's yeast segment is expected to account for the largest share of the yeast extract market. The large market share of this segment can be attributed to factors such as its high protein content, nutrient retention, desirable flavor profile, ease of production, consistency, safety, and stability, as well as its widespread availability.

Moreover, this segment is slated to register the highest growth rate during the forecast period of 2024-2031. This growth is driven by the increasing preference of manufacturers for bakers' yeast-sourced yeast extract and the growing utilization of bakers' yeast extract in various industries, especially food & beverages.

Based on form, the yeast extract market is segmented into powder, paste, liquid, and flakes. In 2024, the powder segment is expected to account for the largest share of the yeast extract market. The large market share of this segment can be attributed to its convenience and predominant use in food products like sauces and snacks. Manufacturers often offer these products in powder form because it is easier to handle, transport, and store compared to other forms. Additionally, this segment is projected to witness the highest growth rate during the forecast period of 2024-2031. This growth is driven by the increasing demand due to its easy incorporation into a wide range of food, beverage, and other industrial products, longer shelf life, reduced susceptibility to spoilage or contamination, and greater cost-effectiveness compared to other forms.

Based on application, the yeast extract market is segmented into food & beverages, animal feed, cosmetics and personal care, pharmaceuticals, and other applications. In 2024, the food & beverages segment is expected to account for the largest share of over 36.7% of the yeast extract market. The large market share of this segment can be attributed to factors such as the growing use of processed food products, including snacks, dairy alternatives, bakery products, energy drinks, prepared meals, and confectionery products. Furthermore, the increasing demand for natural ingredients, the growing demand for healthy food products, the rising use of plant-based food or meat alternatives, and the increasing demand for clean-label products are driving the growth of the segment.

Based on geography, the yeast extract market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Europe is expected to account for the largest share of over 29.8% of the global yeast extract market, followed by North America and Asia-Pacific. The European yeast extract market is estimated to be worth $548.1 million in 2024. Europe's significant market share can be attributed to several key factors, including the growing demand for processed food products, rising vegetarian population, growing demand for plant-based food and meat alternatives, increasing consumer inclination towards natural ingredients, growing demand for clean-label products, and increasing adoption of nutritious food products.

Key Questions Answered in the Report:

What is the value of revenue generated by the sale of yeast extracts?
At what rate is the demand for yeast extracts projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the yeast extract market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, yeast source, form, and application segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the yeast extract market?
Who are the major players in the yeast extract market? What are their specific product offerings in this market?
What recent developments have taken place in the yeast extract market? What impact have these strategic developments created on the market?

Scope of the Report:

Yeast Extract Market Assessment-by Type

Autolyzed Yeast Extract
Hydrolyzed Yeast Extract

Yeast Extract Market Assessment-by Yeast Source

Baker's Yeast
Brewer's Yeast
Torula Yeast

Yeast Extract Market Assessment-by Form

Powder
Paste
Liquid
Flakes

Yeast Extract Market Assessment-by Application

Food & Beverages
- Soups
- Prepared Meals & Snacks
- Dairy Products
- Bakery
- Sauces & Savory Flavors
- Beverages
- Other Food Products
Animal Feed
- Poultry
- Ruminants
- Swine
- Other Animals
Cosmetics & Personal Care
Pharmaceuticals
Other Applications

Yeast Extract Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe (RoE)
Asia-Pacific
- China
- India
- Japan
- Australia
- New Zealand
- Indonesia
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRFB - 1041303

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segmental Analysis
- 3.2.1. Yeast Extract Market Analysis: by Type
- 3.2.2. Yeast Extract Market Analysis: by Yeast Source
- 3.2.3. Yeast Extract Market Analysis: by Form
- 3.2.4. Yeast Extract Market Analysis: by Application
3.3. Yeast Extract Market, by Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Increasing Demand for Bakery Products
  - 4.2.1.2. Growing Vegan & Vegetarian Population
  - 4.2.1.3. Rising Demand for Alcoholic Beverages
  - 4.2.1.4. Reduction in Salt Consumption
- 4.2.2. Restraints
  - 4.2.2.1. High Availability of Substitutes
  - 4.2.2.2. Fluctuation in Raw Material Prices
- 4.2.3. Opportunities
  - 4.2.3.1. Increasing Demand for Natural Ingredients
  - 4.2.3.2. Increasing Demand for Plant-based Food and Meat Alternatives
- 4.2.4. Challenges
  - 4.2.4.1. High Initial Cost for Setting Production Plant
  - 4.2.4.2. Stringent Regulatory Process
4.3. Trends
- 4.3.1. Growing Demand for Clean-label Products
- 4.3.2. Increasing Health Consciousness Among Consumers
4.4. Porters Five Forces Analysis
- 4.4.1. Bargaining Power of Suppliers
- 4.4.2. Bargaining Power of Buyers
- 4.4.3. Threat of Substitutes
- 4.4.4. Threat of New Entrants
- 4.4.5. Degree of Competition

5. Yeast Extract Market Assessment-by Type

5.1. Overview
5.2. Autolyzed Yeast Extract
5.3. Hydrolyzed Yeast Extract

6. Yeast Extract Market Assessment-by Yeast Source

6.1. Overview
6.2. Baker's Yeast
6.3. Brewer's Yeast
6.4. Torula Yeast

7. Yeast Extract Market Assessment-by Form

7.1. Overview
7.2. Powder
7.3. Paste
7.4. Liquid
7.5. Flakes

8. Yeast Extract Market Assessment-by Application

8.1. Overview
8.2. Food & Beverages
- 8.2.1. Soups
- 8.2.2. Prepared Meals & Snacks
- 8.2.3. Dairy Products
- 8.2.4. Bakery
- 8.2.5. Sauces & Savory Flavors
- 8.2.6. Beverages
- 8.2.7. Other Food Products
8.3. Animal Feed
- 8.3.1. Poultry
- 8.3.2. Ruminants
- 8.3.3. Swine
- 8.3.4. Other Animals
8.4. Cosmetics & Personal Care
8.5. Pharmaceuticals
8.6. Other Applications

9. Yeast Extract Market Assessment-by Geography

9.1. Overview
9.2. North America
- 9.2.1. U.S.
- 9.2.2. Canada
9.3. Europe
- 9.3.1. Germany
- 9.3.2. France
- 9.3.3. U.K.
- 9.3.4. Italy
- 9.3.5. Spain
- 9.3.6. Russia
- 9.3.7. Rest of Europe
9.4. Asia-Pacific
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. New Zealand
- 9.4.6. Indonesia
- 9.4.7. Rest of Asia-Pacific
9.5. Latin America
- 9.5.1. Brazil
- 9.5.2. Argentina
- 9.5.3. Mexico
- 9.5.4. Rest of Latin America
9.6. Middle East & Africa

10. Competition Analysis

10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
- 10.4.1. Industry Leaders
- 10.4.2. Market Differentiators
- 10.4.3. Vanguards
- 10.4.4. Emerging Companies

11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

11.1. Lesaffre
11.2. Kerry Group plc
11.3. AngelYeast Co., Ltd.
11.4. Leiber GmbH
11.5. Lallemand Inc.
11.6. Synergy Flavors, Inc
11.7. Thai Foods International Co., Ltd.
11.8. Halcyon Proteins Pty. Ltd.
11.9. Alltech Inc
11.10. Ohly GmbH
11.11. KOHJIN Life Sciences Co., Ltd.
11.12. Sensient Technologies Corporation
11.13. Oriental Yeast Co., Ltd.
11.14. Kothari Fermentation and Biochem Ltd.
11.15. Koninklijke DSM N.V.
11.16. Novozymes A/S

(Note: SWOT Analysis of Top 5 Companies Will Be Provided)

12. Appendix

12.1. Available Customization
12.2. Related Reports