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 |
Major Players.webp){kind=logo}
*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.
