Yeast and Yeast Extract Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Yeast and Yeast Extract Market is segmented by Type (Baker’s Yeast, Brewer’s Yeast, and Distiller’s and Wine Yeast), Specialty Yeast by Type (Yeast Extracts and Autolysates), By Form (Fresh Yeast, Active Dry Yeast, and Instant Yeast), By Application (Food and Beverages, Feed Industry, Biofuel Industry, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast of Yeast and Yeast Extract Market in value (USD million) for all the above segments.

Market Snapshot

Yeast and Yeast Extract Market Summary
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.11 %
Yeast and Yeast Extract Market Major Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Global Yeast and Yeast Extract Market are projected to grow at a CAGR of 9.11% during the forecast period (2022 - 2027).

COVID-19 has impacted the food and beverage industry with the sudden shut down of restaurants, hotels, and cafes, which in turn has adversely impacted animal feed application on yeast extract market growth. The consumption of soup is higher in North American and European regions, and yeast extract is being utilized in making canned soups and in salty snacks and stews, which boosts the yeast and yeast extract market growth. Within the mid of 2020, the demand for nutritional yeast extract has increased in Europe with the rising consumption of convenience foods due to hectic lifestyles, which, in turn, is surging the usage of organic yeast.

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. The coronavirus pandemic situation has created an immense disruption in the supply of yeast and yeast extract ingredients which seems to hinder the food & beverages sector's growth. With the availability and easy accessibility of different alternatives of yeast extract in the global market during the surge of COVID-19, the market growth is disrupted over the forecast period. For instance, Food and Drug Administration has agreed on HVPs and HAPs, GRAS status to MSG for applications in food & beverages, which impacted the demand for yeast extract in the global market.

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.

Scope of the Report

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 into specialty yeast by type, form, and application. Based on type, the market is segmented into baker’s yeast, brewer’s yeast, and distiller’s and wine yeast, and further, the market is segmented into specialty yeast by type, the market is segmented into yeast extracts and autolysates, by form into fresh yeast, active dry yeast, and instant yeast, by application, into food and beverages, feed industry, biofuel industry, and others. The study provides an analysis of the yeast and yeast extract market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers the market size and forecast of the Yeast and Yeast Extract Market in value (USD million) for all the above segments.

By Type
Baker's Yeast
Brewer's Yeast
Distiller's and Wine Yeast
Specialty Yeast By Type
Yeast Extracts
Autolysates
By Form
Fresh Yeast
Active Dry Yeast
Instant Yeast
By Application
Food and Beverages
Feed Industry
Biofuel Industry
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Bakery Products

Currently, bread is a food staple in many cultures across the globe, which is majorly driving the demand for baker’s yeast, as bread is typically made from wheat flour dough and baker’s yeast. Moreover, packed baked goods, such as cakes, are expected to witness significant demand in the upcoming years, owing to the rising preference for eating packed cakes as snacks, mainly among children across the globe. Rising consumption of bread as it is cost-effective and easily available staple food, along due to the increasing number of nuclear families, mainly in the Asia-Pacific region, has led to a boost in demand for bakery products which in turn increases the utilization of baker’s yeast. Furthermore, bread and bakery product sales have been driven by the ongoing surge in demand for free-from ranges and specialty bread and the impact of inflation on retail prices, which is further driving the demand for baker’s yeast in bread and bakery product application, however, with the rising demand for Italian cuisine all over the world various manufacturers bringing forward latest product innovations with the utilization of baker’s yeast while manufacturing vegan cheese.

Yeast and Yeast Extract Market: Per Capita Consumption of Bread, (in million metric tons), By Product Type, the United States, 2021

North America Holds the Major Market Share

North America is one of the leading regions in the global yeast and yeast extracts market, driven by robust demands for clean label ingredients and additives – flavors and flavor enhancers exhibiting clean taste and aroma are escalating the market growth of yeast and yeast extracts. In Europe, increasing demand for processed foods, coupled with increasing awareness about health-conscious products, is significantly propelling the growth of the bakers' yeast market in the region, which is, in turn, driving the growth of the market studied. The Asia-Pacific market for yeast and yeast extracts is driven by the growing consumption of baked goods and confectionery products. The potential for bio-ethanol yeast in this region is also promising, given the evolving energy mix of different economies. Moreover, China dominates the market in the yeast and yeast extract market as the huge volume of yeast is being manufactured and supplied by several leading players like AB Mauri, Lesaffre, Angel yeast, and Biosukeen, among others.

Yeast and Yeast Extract Market: Market Size (%), By Geography, Global, 2021

Competitive Landscape

The yeast and yeast extract is a highly fragmented market with the presence of a large number of global players across the globe. Some of the major key players in the yeast and yeast extract market globally include ABF Group, Angel Yeast Co., BioSpringer, Chr. Hansen, Kohjin Life Sciences, among others. Owing to this factor, the key players are embarking on mergers and acquisitions as one of their key strategies to achieve consolidation and optimize their offerings. However, These players focus on leveraging opportunities posed by the emerging markets to expand their product portfolio in order to cater to the requirements of various product segments. The giant manufacturers have intensified their R&D efforts in order to develop niche and innovative products based on the requirements of the end-user industry.

Major Players

  1. ABF Group

  2. Angel Yeast Co.

  3. Chr. Hansen

  4. Koninklijke DSM N.V.

  5. Lesaffre

Yeast and Yeast Extract Market Concentration

Recent Development

  • In 2022, Angel Yeast which is a China based yeast biotech company has comes up with its clean label yeast products to strengthen its position in North American yeast market. Angel Yeast’s subsidiary namely, “Angel Yeast Egypt” has obtained non-GMO Project verification for inactive dried yeast products and 22 yeast extract.
  • In 2021, Biospringer under the parent company Lesaffre’s has decided to expand its production facility in Cedar Rapids by 50% at its yeast extract. With this expansion the company will be able to produce large volume of product also it includes new process equipment.
  • In 2020, Lesaffre which is a yeasts and fermentation company has declared that it acquires majority share in the Biohymn Biotechnology which is a Chinese company which manufacturers yeast and yeast extracts. With this acquisition the company will be able to increase the production volume of yeast and yeast extracts.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Baker's Yeast

      2. 5.1.2 Brewer's Yeast

      3. 5.1.3 Distiller's and Wine Yeast

    2. 5.2 Specialty Yeast By Type

      1. 5.2.1 Yeast Extracts

      2. 5.2.2 Autolysates

    3. 5.3 By Form

      1. 5.3.1 Fresh Yeast

      2. 5.3.2 Active Dry Yeast

      3. 5.3.3 Instant Yeast

    4. 5.4 By Application

      1. 5.4.1 Food and Beverages

      2. 5.4.2 Feed Industry

      3. 5.4.3 Biofuel Industry

      4. 5.4.4 Others

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

        4. 5.5.1.4 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Russia

        5. 5.5.2.5 Italy

        6. 5.5.2.6 Spain

        7. 5.5.2.7 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 India

        2. 5.5.3.2 China

        3. 5.5.3.3 Japan

        4. 5.5.3.4 Australia

        5. 5.5.3.5 Rest of Asia-Pacific

      4. 5.5.4 South America

        1. 5.5.4.1 Brazil

        2. 5.5.4.2 Argentina

        3. 5.5.4.3 Rest of South America

      5. 5.5.5 Middle-East and Africa

        1. 5.5.5.1 South Africa

        2. 5.5.5.2 Saudi Arabia

        3. 5.5.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 ABF Group

      2. 6.4.2 Angel Yeast Co.

      3. 6.4.3 BioSpringer

      4. 6.4.4 Chr. Hansen

      5. 6.4.5 Koninklijke DSM N.V.

      6. 6.4.6 Kerry Group

      7. 6.4.7 Kohjin Life Sciences

      8. 6.4.8 Lallemand Bio-Ingredients

      9. 6.4.9 Leiber GmbH

      10. 6.4.10 Synergy Flavors

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Yeast and Yeast Extract Market market is studied from 2016 - 2027.

The Yeast and Yeast Extract Market is growing at a CAGR of 9.11% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

ABF Group, Angel Yeast Co., Chr. Hansen, Koninklijke DSM N.V., Lesaffre are the major companies operating in Yeast and Yeast Extract Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!