Market Size of Yeast and Yeast Extract Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.01 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Yeast and Yeast Extract Market Analysis
Yeast and Yeast Extract Markets are projected to grow at a CAGR of 10.01% during the forecast period.
The increasing demand from the end-user sectors, such as food and beverages, is significantly contributing to the growth of the yeast and yeast extracts market. There is a huge market for baker's yeast, as it is extensively used for enhancing the quality of bakery goods.
As yeast products especially specialty yeast derivatives can enhance flavors, they are utilized in food and beverage items. Yeast extracts are distinct from other yeast products in terms of flavor, which has increased the demand for specialty yeast in the market. One of the main factors propelling the market for yeast and yeast extract is a rise in alcohol consumption. Given that yeast is a key component in the creation of alcoholic beverages like wine and beer and that there has been an increase in global consumption of these drinks over the past few years, which in turn has led to an increase in demand for yeast. As a result, the yeast market is being driven by the rising demand for high-quality wines and beers. According to the United States Department of Commerce, in 2021, in the United States, wine was sold in about 450.6 million 9-liter cases.
Moreover, the increasing demand for organic yeast offerings is one of the key trends in the yeast market. Organic food ingredients are gaining traction, owing to the health benefits associated with organic products. The yeast and yeast extract are highly utilized in nutritional supplements, baked products, and probiotics. Apart from that, the breaker's yeast is being utilized for several medical purposes for making antibiotics which in turn boosts the growth of the yeast and yeast extract market globally.
Yeast and Yeast Extract Industry Segmentation
Yeast can be described as a microscopic fungus that consists of specific oval cells that reproduce by budding and are proficient in converting sugar into carbon dioxide and alcohol. Yeast extracts are the cell culture of yeast that is being utilized as a flavoring agent and food additives. The global yeast and yeast extract market is segmented by type, specialty yeast, form, application, and geography. Based on type, the market is segmented into baker's yeast, brewer's yeast, and distiller's and wine yeast, and further, by specialty yeast, 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. By application, the market is further segmented into food and beverages, feed industry, biofuel industry, and other applications. The study provides an analysis of the yeast and yeast extract market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | |
| Baker's Yeast | |
| Brewer's Yeast | |
| Distiller's and Wine Yeast |
| Specialty Yeast | |
| Yeast Extracts | |
| Autolysates |
| Form | |
| Fresh Yeast | |
| Active Dry Yeast | |
| Instant Yeast |
| Application | |
| Food and Beverages | |
| Feed Industry | |
| Biofuel Industry | |
| Other Applications |
| Geography | |||||||||
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Yeast and Yeast Extract Market Size Summary
The yeast and yeast extract market is experiencing significant growth, driven by increasing demand from the food and beverage sectors. The market is particularly buoyed by the extensive use of baker's yeast in enhancing the quality of bakery goods and the rising consumption of alcoholic beverages, where yeast plays a crucial role in production. Specialty yeast derivatives are gaining traction for their flavor-enhancing properties, further propelling market demand. The trend towards organic yeast offerings is also notable, as consumers increasingly seek health-conscious food ingredients. This demand is reflected in the use of yeast and yeast extracts in nutritional supplements, baked products, and probiotics, as well as their application in medical purposes such as antibiotic production.
Regionally, Asia-Pacific stands out as a leading market, driven by the demand for clean-label ingredients and the growing consumption of baked goods and confectionery products. The potential for bio-ethanol yeast in the region adds to the market's promise. China, in particular, dominates the market with substantial production and supply of yeast and yeast extracts. The market is highly fragmented, with major global players like Koninklijke DSM N.V., Angel Yeast Co. Ltd., and Lesaffre Group actively engaging in mergers and acquisitions to consolidate their positions and expand their product offerings. These companies are also focusing on research and development to create innovative products that meet the evolving needs of the end-user industry.
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 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
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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 Other Applications
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.1.4 Rest of North America
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2.5.2 Europe
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2.5.2.1 United Kingdom
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2.5.2.2 Germany
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2.5.2.3 France
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2.5.2.4 Russia
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2.5.2.5 Italy
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2.5.2.6 Spain
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2.5.2.7 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 India
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2.5.3.2 China
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2.5.3.3 Japan
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2.5.3.4 Australia
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2.5.3.5 Rest of Asia-Pacific
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2.5.4 South America
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2.5.4.1 Brazil
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2.5.4.2 Argentina
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2.5.4.3 Rest of South America
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2.5.5 Middle-East and Africa
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2.5.5.1 South Africa
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2.5.5.2 Saudi Arabia
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2.5.5.3 Rest of Middle-East and Africa
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Yeast and Yeast Extract Market Size FAQs
What is the current Yeast and Yeast Extract Market size?
The Yeast and Yeast Extract Market is projected to register a CAGR of 10.01% during the forecast period (2024-2029)
Who are the key players in Yeast and Yeast Extract Market?
Koninklijke DSM N.V., Angel Yeast Co. Ltd., Lallemand Inc., Associated British Foods plc and Lesaffre Group are the major companies operating in the Yeast and Yeast Extract Market.
