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Yeast Extract Market to Observe Astonishing Growth via Animal Feed Applications over 2016-2024

Author : Rahul Sankrityayan | Published Date : 2019-05-28 

A comprehensive research study on Yeast Extract Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players. 

The tremendous usage of yeast extracts across the pharmaceutical and F&B sectors has set the stage for the massive growth of yeast extract industry. Processed yeast products, collectively referred as ‘yeast extracts’, are prominently used as food additives to create assorted flavors and tastes. In a fast-paced world monopolized by packaged foods, this substance finds a substantial number of applications across the food & beverage sector, the rapid development of which will consecutively propel global yeast extract market.

Yeast extract market from food & beverage applications may witness strong gains and surpass USD 1 billion at the end of forecast period. It is widely used in dairy products, bakery, soups, processed foods and savory mixes. Increasing convenience food consumption due to changing dietary routines should favor industry growth.

Get a sample copy of report @ https://www.gminsights.com/request-sample/detail/201

The tremendous usage of yeast extracts across the pharmaceutical and F&B sectors has set the stage for the massive growth of yeast extract industry. Processed yeast products, collectively referred as ‘yeast extracts’, are prominently used as food additives to create assorted flavors and tastes. In a fast-paced world monopolized by packaged foods, this substance finds a substantial number of applications across the food & beverage sector, the rapid development of which will consecutively propel global yeast extract market.

Selective forms of yeast extract are reported to be veiled products containing MSG, by certain consumer groups. The claims have however been refuted by yeast extract industry giants. Technically, MSG contains more than 90% of glutamate, while yeast extract contains only 5% of glutamate, which is deemed quite safe for consumption. Global awareness regarding the severe health effects of MSG such as nausea and headaches and the resulting preference toward yeast products is anticipated to drive yeast extract market, set to cross USD 1.8 billion by 2014, with a CAGR projection of 5.5% over 2016-2024.

Yeast extracts contain amino acids, proteins, and minerals and are used to manufacture nutritional and dietary supplements to be utilized in the pharmaceutical sector. Yeast extract market from pharmaceutical applications will grow a CAGR of 4% over 2016-2024, owing to the rising consumer preferences toward organic supplements and the expanding elderly population base, especially across countries such as India and China.

Brewer’s yeast, a type of yeast extract, also called medicinal yeast, finds massive applications across the pharmaceutical sector. It contains chromium, which helps the human body regularize blood sugar levels. Brewer’s yeast also aids digestion, as it is essentially a probiotic, owing to which it is used as a dietary supplement as well. Brewer’s yeast extract industry is anticipated to witness tremendous growth owing to the high product demand across myriad end-use sectors.

Yeast extracts also find applications in animal feed, owing to the high nutritional value they provide, that are essential for the healthy functioning of the animals’ immune system. Additives form an important part of animal feed. The significant growth (4% CAGR) of global animal feed additives market will also act as a major driver for yeast extract industry from animal feed applications, which is set to grow at a CAGR of 6% over 2016-2024.

Technologically, yeast extract industry is bifurcated into hydrolyzed yeast and autolyzed yeast. The former is widely used to manufacture animal feed, cosmetics, and food products, owing to the properties of flavor and color enhancement.  Consumer preferences toward packaged foods should drive the demand for hydrolyzed yeast extract market, which is set to witness considerable growth over the next seven years.

Speaking of the food & beverage sector, baker’s yeast, prominent source segment of yeast extract market, is used extensively to produce baked goodies owing to the product’s excellent texture and rising characteristics. Huge consumer demand for baked goods such as pizza, rolls, cakes, breadsticks, and doughnuts should lift baker’s yeast extract industry size, which may observe a CAGR exceeding 4.5% over 2016-2024.

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Additives are widely used to enhance food coloring, taste, and flavor in packaged foods. Global food additives market is expected to register a CAGR of 5% over 2016-2024. Yeast extracts are also used as additives, emulsifiers, flavor enhancers, and dressings in processed foods, bakery products, sauces, soups, dairy products, and savories. The product’s widespread application scope and the growth in food additives market is expected to propel yeast extract industry from F&B applications, set to grow at a CAGR of 4.5% over 2016-2024. Changing consumer preferences and growing awareness regarding organic foods will also fuel yeast extract market from the F&B application segment.

Global yeast extract market share is consolidated. Some of industry participants include DSM, Leiber GmbH, Synergy Flavors, Biospringer - Lesaffre Culinary Solutions, Halcyon Proteins Pty Ltd, Thaifoods Group, Alltech, Ohly, Sensient Technologies Corporation, BiOrigin, AB Mauri North America, Titan Biotech Ltd., Angel yeast.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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