Global Yeast Ingredients Market size is expected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of 8.3% during the forecast period.
Global yeast ingredients market study provides an overview of current and future estimates of the market. The analysis highlights a detailed assessment of the market and displays market sizing trends by revenue, current growth factors, expert opinions, facts, and industry-validated market development data. The report witnesses in-depth, significant, and inducing factors that outline the market and industry. The report focuses on yeast ingredients market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. This analysis and data are expected to help the market players to support their market end-user and develop their geographical reach. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for yeast ingredients investments from 2021 to 2026.
Definition of Yeast Ingredients:
Yeast is found in soil, on plant surfaces, and also abundantly in sugary mediums such as flower nectar and fruits. Yeast that is commonly used as a leavening agent in baking bread and bakery products is referred to as Baker's yeast.
Global Yeast Ingredients Market Dynamics:
Increasing demand for yeast ingredients from several industries such as food & beverage, dairy industry, cosmetics, and animal feeds, and growing consciousness among individuals related to health benefits and nutritional value of yeast in foods are key factors driving the growth of the global yeast ingredients market. Food manufacturers are developing products with natural ingredients rather than using synthetic flavor that will increase the demand for yeast ingredients. The demand for yeast ingredients has increased from the pharmaceutical industries because of its application as a fat substitute, thickening agent, and dietary fiber.
On the other hand, the shortage of availability of raw materials is a key restraining factor for the growth of the global yeast ingredients market. Also, competition among key market players is another factor expected to control the growth of the global yeast ingredients market during the forecast period (2020-2026).
Global Yeast Ingredients Market Segment Overview:
The global yeast ingredients market is segmented into type, source, and application.
The global yeast ingredients market is categorized into yeast extract, yeast autolysates, dry yeast, yeast flavor, and others. The yeast extracts type market held the largest market share of the global market in 2019 because yeast extracts act as a substitute for monosodium glutamate, and consumers are highly motivated towards natural ingredients and health concerns. Yeast extracts also offer a unique aromatic taste, which is important in low-salt-content foodstuffs.
The food & beverages application segment held the largest market share of the global market in 2019 and is expected to grow with a CAGR of XX% during the forecast period. Thanks to increasing health consciousness and consumers prefer balanced diets and foods that help improve their immunity, along with innovations in offerings in terms of variants and flavors are driving the demand for the product for food applications.
On other hand, yeast ingredients are expected to increase their application in the pharmaceutical segment during the forecast period (2020-2026). This growth is attributed to the growing importance of adequate protein intake in developing markets of China and India, due to the growing concentration on advertising campaigns by key companies for brand promotions.
Global Yeast Ingredients Market by Application
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Global Yeast Ingredients Market Regional Insights:
Europe market registered for largest market share in the global yeast ingredient market in 2019, thanks to the well-established food and beverages and pharmaceutical industry in Europe. With the increasing consumption of functional foods with the growing dairy industry in countries like the U.K, Germany, Italy, and France. The Asia Pacific is expected to grow at the highest CAGR of XX% over the forecast period, on account of growing awareness related to consumption of health and nutritional food, and increasing disposable income in emerging economies such as China and India.
North America is expected to witness significant growth over the forecast period (2020-2026), on account of the rising demand for yeast ingredients from food, animal feed, and pharmaceutical industries in North America.
The objective of the report is to present a comprehensive analysis of the Global Yeast Ingredients Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Yeast Ingredients Market dynamics, structure by analyzing the market segments and project the Global Yeast Ingredients Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Yeast Ingredients Market make the report investor’s guide.
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Global Yeast Ingredients Market
Global Yeast Ingredients Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Yeast Ingredients Market
• Associated British Foods plc
• Sensient Colors LLC
• Angel Yeast Co., Ltd.
• Lesaffre et Compagnie, SA
• Leiber GmbH
• LALLEMAND Inc.
• ABF Ingredients
• Koninklijke DSM N.V.
• Bio Springer S.A.
• Cargill Incorporated
• Kerry Inc.
• Archer Daniels Midland Company
• DSM
• AngelYeast Co., Ltd
• Biorigin
• Ab Vista
• Anchor Yeast
• Alltech Inc.
• Becton
• Dickinson And Company
• Royal
• Chr. Hansen
• Tate and Lyle
• Bakels
• Lesaffre Group
• Organotechnie
• Others.
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