Market Size of Yeast And Yeast Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.36 % |
| Fastest Growing Market | North America |
| Largest Market | Asia |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Yeast and Yeast Ingredients Market Analysis
The global yeast and yeast ingredients market is valued at USD 2.6 billion for the current year and is projected to register a CAGR of 7.36% during the forecast period.
- The yeast and yeast ingredients find increased application in processed food & beverages due to their several valuable applications. For instance, in pet food applications, yeast ingredients make in-situ flavors and savory aromas and enhance the taste, resulting in increased palatability. Also, the yeast ingredients market in developing countries is evolving due to the rapidly growing demand for livestock products. Yeast extracts are widely used in various fields, namely food flavoring agents and additives, animal feed additives, microbial fermentation, and cosmetic supplements across the globe.
- With improving living standards globally, consumers are now increasingly seeking healthy, nutritious, and safe food options. Players are capitalizing on customers' needs by offering yeast ingredients, considered natural, high-quality products, to meet diverse food flavor requirements with essential dietary nutrients. These factors are thus promoting the enhanced usage of yeast and yeast ingredients across different application areas like food & beverages, pharmaceuticals, food & pet foods, and others across the globe.
- However, specific potential side effects of the use of yeast in different foods and beverages exist. Yeast may cause unpleasant digestive side effects if introduced too quickly. Some yeast products may contain compounds like tyramine, triggering headaches or migraine attacks and sometimes leading to inflammatory bowel disease (IBD). Thus, such side effects may hamper the demand for yeast and yeast ingredients during the study period.
