Market Size of Asia-Pacific Yeast and Yeast Extract Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 |
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.
Asia-Pacific Yeast and Yeast Extract Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Baker's Yeast
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2.1.2 Brewer's Yeast
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2.1.3 Distiller's and Wine Yeast
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2.2 Specialty Yeast? Type
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2.2.1 Yeast Extracts
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2.2.2 Autolysates
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2.3 Form
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2.3.1 Fresh Yeast
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2.3.2 Active Dry Yeast
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2.3.3 Instant Yeast
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2.4 Application
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2.4.1 Food and Beverages
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2.4.2 Feed Industry
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2.4.3 Biofuel Industry
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2.4.4 Others
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2.5 Geography
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2.5.1 China
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2.5.2 Japan
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2.5.3 India
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2.5.4 Australia
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2.5.5 Rest of Asia-Pacific
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Asia-Pacific Yeast and Yeast Extract Market Size FAQs
What is the current Asia-Pacific Yeast and Yeast Extract Market size?
The Asia-Pacific Yeast and Yeast Extract Market is projected to register a CAGR of 11.51% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Yeast and Yeast Extract Market?
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.
