Global Yeast and Yeast Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global yeast ingredients market is growing at a CAGR of 7.8% during the forecast period (2020-2025). 

• The market is driven by the increased demand for processed food & beverages due to the rising effect of busy lifestyles in developing countries. In addition, its benefits in usage in other sectors have substantially boosted the demand for yeast ingredients. For pet food applications, yeast ingredients are used for making in-situ flavors, savory aroma, and enhance the taste, which results in increased palatability. Also, in developing countries, the yeast ingredients market is also evolving in response to the rapidly increasing demand for livestock products.
• On the segmentation font by type, the yeast extract segment dominated the market, holding the largest share owing to the increase in consumer preference for savory food products and flavors. On the segmentation font by application, the yeast ingredients market is driven by the food and beverage segment, followed by the pharmaceutical sector.
• However, one of the major factors restraining the global market is the shortage of basic raw material, with the demand coming from various sectors, due to molasses trading restrictions in the countries of Europe. Another reason for this shortage is the large threat for bio-fuel competition, as the prices of bio-fuels are high. 

Scope of the Report

Global yeast ingredients market is segmented by Type into yeast extracts, yeast autolysates, yeast Beta-Glucan, yeast derivatives, and others; by application into food and beverages, pharmaceuticals, feed and pet foods, and Others. The Food and Beverage segment is further bifurcated into bakery and confectionery, beverages and other segments. Also, the study provides an analysis of the yeast ingredients market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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Key Market Trends

Rising Consumer Preferences For Bakery Goods

The bakery and confectionery sector has been witnessed with a significant growth, thus substantially boosting the yeast and yeast ingredients market globally. The convenience, accessibility and nutrition profile associated with them are the major factors of their sustenance in the modern market. Their significance as a major portion of diet has been prevalent in middle to lower income group countries. Bread has been a staple diet of many local cuisines worldwide and has shown a remarkable growth even during the period of global economic crisis. In addition, the rising trend of “Natural nutrition”, “healthy living” and “organic products” has significantly raised the consumers’ demand on whole wheat, light, natural and additive-free products. In recent years, the growth in sales of packaged, whole wheat, whole meal, gluten-free and natural products is an important indication of this new and healthy living sense.

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