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specialty yeast market

Specialty Yeast Market Share, Size, Trends, Industry Analysis Report, By Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, Others); By Species; By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jul 2022
  • Pages: 118
  • Format: PDF
  • Report ID: PM2523
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global specialty yeast market was valued at USD 3.11 billion in 2021 and is expected to grow at a CAGR of 7.1% during the forecast period. The increased use of specialty yeasts in savory, bakery, beverages, and other food applications is significantly contributing to the growth of the industry.

Specialty Yeast Market Size
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Furthermore, specialty yeasts are widely used by food manufacturers as it is produced without the use of food additives or chemical substances and possess natural and unique taste-providing characteristics. Specialty yeast inhibits bacterial growth in food products, which is desirable for human consumption.

The demand for the specialty yeast market is attributed to technological advancements along with the rising research and development activities that are anticipated to accelerate the growth of the market. Moreover, it has been observed that research is being conducted to produce milk from specialty yeast that looks and tastes like cow's milk.

Moreover, this paradigm shift is owing to the rising change in consumer preferences for leading a healthy lifestyle, consumer awareness, and initiatives by governments across the globe to encourage the usage of specialty yeasts in food products.

The covid-19 outbreak has significantly impacted the economic activities across the globe including the operations of the specialty yeasts market. The lockdown has extremely affected the supply chain of goods across the globe. Worldwide lockdown, as well as the restricted movement of the workers in the industrial unit, has also highly influenced the production of the product.

Specialty yeasts are widely used across food & beverage, which was badly affected during the pandemic. However, in-house consumption increased, but out-of-home consumption declined badly, which tends to produce the highest margin. In addition, increased focus on developing healthy immunity led to the shift towards the use of natural specialty yeast. Key industry participants focused on the development of healthier products in order to encourage healthy lifestyles.

Industry Dynamics

Growth Drivers
The global specialty yeast market is stimulated by the increase in the consumption of nutritional food products. The major companies in the market are diversifying their product lines in response to consumers' shifting preferences, which demand a shift away from the use of synthetic food additives and toward natural yeast. Additionally, developments in technology, changes in consumer lifestyles, and changes in their taste preferences are projected to boost market expansion over the projection period.

The use of specialty yeasts in the food industry as food additives, conditioners, and flavoring agents, as well as for the production of microbiology media and extracts, as well as livestock feeds, has increased in recent years. They are widely used as an alternative source of high nutritional value proteins, enzymes, and vitamins.

Report Segmentation

The market is primarily segmented based on type, species, application, and region.

By Type

By Species

By Application

By Region

  • Extracts
  • Autolysates
  • Beta-Glucan
  • Others (Flavor Enhancers, Saccharides, and Pigments)

 

  • Saccharomyces Cerevisiae
  • Kluyveromyces
  • Pichia Pastoris
  • Other Species (Torulaspora Delbrueckii, Metschnikowia Fructicola, And Candida Queretana)
  • Food
    • Bakery Products
    • Functional Foods
    • Savory Products
    • Other Food Applications (Soups, Sauces, Snacks, Food Flavors, And Seasonings)
  • Beverages
  • Feed
  • Other Applications (Healthcare, Bioethanol, Biotechnology, Personal Care, And Cosmetics)
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Yeast autolysates account for the second-fastest growing segment

The increasing awareness of nutritious food products and rising consumption of health-conscious items are expected to act as a driving force to the growth of the industry. A good amount of vitamins, proteins, fiber, and micronutrients can be found in specialty yeast autolysates. They are also utilized to enhance the food item's flavor and taste.

They are additionally created by imposing conditions that cause the yeast's natural hydrolytic enzymes to function. These break down the yeast proteins and nucleic acids, turning them into soluble substances with a good flavor.

Beverages segment accounts for the second-largest market share

The beverage industry is expected to be accelerated by the increased usage of specialty yeast by beverage producers. The need for the industry is rising as both alcoholic, and non-alcoholic beverage consumption rises globally. Beer is brewed using a variety of yeasts, which causes the carbohydrates in the malted barley to ferment and turn into alcohol.

Saccharomyces cerevisiae, a yeast that is also used to make bread, is one of the most often used yeasts. It is also used to make ale-style beers and is referred to as a top-fermenting yeast as it foams at the top of the brew. The F&B sector is expected to witness significant global investment expansions from prominent factors. Thus, in order to meet demand and capitalize on investment prospects, yeast producers are concentrating primarily on this industry.

Asia Pacific market accounts for the fastest growing region

The market in the Asia Pacific is estimated to increase at the fastest rate in the specialty yeast market during the forecast period owing to the changes in lifestyle and rise in health consciousness among customers.

The Asia Pacific region is significantly driven due to rapid urbanization, rising disposable income, as well as liberal trade policies in the food sector. Moreover, people are increasingly choosing organic and vegan food products in this region, which is accelerating the growth of the market.

North America is estimated to grow at a significant CAGR during the forecast period. Technology developments, rising demand for processed food products, and people's shifting preferences toward ready-to-eat foods as a result of their busy lifestyles are the main drivers of the specialty yeast market's expansion in the region.

Competitive Insight

Some of the major players operating in the global market include ADM, Angelyeast Co., Ltd., Aria Ingredients, Associated British Foods Plc, Biorigin, Chr. Hansen Holding A/S, DSM, Foodchem International Corporation, Kemin Industries, Inc., Kerry Group Plc., Kohjin Life Sciences Co., Ltd., Lallemand Inc., Leiber, Lesaffre, and Levex.

Recent Developments

In January 2022, OHLY launched a new chicken flavor, OHLY® SAV-R-MEAT PBD, that is available in Ohly® yeast-based ingredients portfolio. OHLY® SAV-R-MEAT PBD can be easily dissolved in water and applied in several applications ranging from processed meats and meat alternatives to sauces and seasonings for snacks.

In December 2021, Lallemand, a Canadian specialist in yeasts and bacteria, launched three new yeast extracts for plant-based formulations called Savor-Lyfe® P that can enhance the flavor profile of ready meals, meat products, snacks, and others.

Specialty Yeast Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 3.11 billion

Revenue forecast in 2030

USD 5.59 billion

CAGR

7.1% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Segments covered

By Type, By Species, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

ADM, Angelyeast Co., Ltd., Aria Ingredients, Associated British Foods Plc, Biorigin, Chr. Hansen Holding A/S, DSM, Foodchem International Corporation, Kemin Industries, Inc., Kerry Group Plc., Kohjin Life Sciences Co., Ltd., Lallemand Inc., Leiber, Lesaffre, and Levex

Key Take-Away
Polaris Market Research
Global Specialty Yeast Market Size Report, 2022 - 2030