Asia-Pacific Yeast and Yeast Extract Market Size (2024 - 2029)

The Asia-Pacific Yeast and Yeast Extract market is experiencing significant growth, driven by the food processing industry's shift towards clean-labelled additives and the increasing emphasis on sodium reduction. The market's expansion is particularly notable in China, where domestic production consolidation and the reliance of neighboring countries on imports contribute to its leading position in market revenue. This has prompted global players to establish and enhance their operations in China to capture a larger share of the market.

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Market Size of Asia-Pacific Yeast and Yeast Extract Industry

Asia-Pacific Yeast and Yeast Extract Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.51 %
Market Concentration Low

Major Players

Asia-Pacific Yeast and Yeast Extract Market Key Players

*Disclaimer: Major Players sorted in no particular order

APAC Yeast & Yeast Extract Market Analysis

  • Asia-Pacific Yeast and Yeast Extract market is projected to grow at a CAGR of 11.51% during the forecast period.
  • The shift of the global food processing industry toward the replacement of synthetic food additives with that of clean-labelled ones and the popularity of sodium reduction concept have been the major factors driving the market studied by boosting its value sales.
  • By geography, China led the market revenue owing to production consolidation practiced by the domestic players and high dependency of neighboring countries to meet demand through imports. As a result, global players and their subsidiaries like AB Mauri, BioSpringer, Angel Yeast Co, etc. have dedicated their operations in China to expand their market share at global level.

APAC Yeast & Yeast Extract Industry Segmentation

Asia-Pacific yeast and yeast extract market is segmented by type, specialty yeast, form, application, and geography. By type, the market is segmented into baker's yeast, brewer's yeast, and distiller's and wine yeast. On the basis of specialty yeast by type, the market is segmented into yeast extracts and autolysates. Based on form, the market is segmented into fresh yeast, active dry yeast, and instant yeast. Based on application, the market is segmented into food and beverages, feed industry, biofuel industry, and others. Additionally, by geography, the market covers economies like China, Japan, India, and Australia.

Type
Baker's Yeast
Brewer's Yeast
Distiller's and Wine Yeast
Specialty Yeast? Type
Yeast Extracts
Autolysates
Form
Fresh Yeast
Active Dry Yeast
Instant Yeast
Application
Food and Beverages
Feed Industry
Biofuel Industry
Others
Geography
China
Japan
India
Australia
Rest of Asia-Pacific
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Asia-Pacific Yeast and Yeast Extract Market Size Summary

The Asia-Pacific yeast and yeast extract market is experiencing significant growth, driven by the global food processing industry's shift towards clean-label food additives and the increasing popularity of sodium reduction concepts. This trend has bolstered the market's value sales, with China leading the region due to its production consolidation and the high dependency of neighboring countries on imports. Global players like AB Mauri, BioSpringer, and Angel Yeast Co. have established operations in China to expand their global market share. The food and beverage sector, particularly in countries like China, Japan, and India, is a major consumer of yeast, fueled by the high consumption of beer and alcoholic beverages, as well as the growing demand for bread and baked goods due to the rise in convenience foods.

India presents a promising opportunity for yeast ingredients, supported by its emerging economy and expanding consumer market. However, stringent government regulations, such as those imposed by the FSSAI, which restrict yeast incorporation in food products, pose challenges to market growth. The competitive landscape is intense, with both global and regional players like ABFI Group, Koninklijke DSM NV, and Lesaffre Group vying for market share. High industrial profitability has prompted manufacturers to adopt aggressive competitive strategies, including partnerships and acquisitions, to strengthen their market position. This competitive dynamic is further intensified by the strategic moves of major players aiming to consolidate their presence in the market.

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Asia-Pacific Yeast and Yeast Extract Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Baker's Yeast

      2. 2.1.2 Brewer's Yeast

      3. 2.1.3 Distiller's and Wine Yeast

    2. 2.2 Specialty Yeast? Type

      1. 2.2.1 Yeast Extracts

      2. 2.2.2 Autolysates

    3. 2.3 Form

      1. 2.3.1 Fresh Yeast

      2. 2.3.2 Active Dry Yeast

      3. 2.3.3 Instant Yeast

    4. 2.4 Application

      1. 2.4.1 Food and Beverages

      2. 2.4.2 Feed Industry

      3. 2.4.3 Biofuel Industry

      4. 2.4.4 Others

    5. 2.5 Geography

      1. 2.5.1 China

      2. 2.5.2 Japan

      3. 2.5.3 India

      4. 2.5.4 Australia

      5. 2.5.5 Rest of Asia-Pacific

Asia-Pacific Yeast and Yeast Extract Market Size FAQs

The Asia-Pacific Yeast and Yeast Extract Market is projected to register a CAGR of 11.51% during the forecast period (2024-2029)

Associated British Foods PLC , AngelYeast Co., Ltd. , Lesaffre Group and Chr. Hansen Holding A/S are the major companies operating in the Asia-Pacific Yeast and Yeast Extract Market.

Asia-Pacific Yeast and Yeast Extract Report Snapshots

Asia-Pacific Yeast and Yeast Extract Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)