The global specialty yeast market size is expected to reach USD 5.59 billion by 2030 according to a new study by Polaris Market Research. The report “Specialty Yeast Market Share, Size, Trends, Industry Analysis Report, By Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, Other Yeast Derivatives); By Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Others); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Due to the growing health concerns caused by the increased use of food additives and the issues surrounding the safety of some artificial food additives, specialty yeast is becoming increasingly important and in demand. They are extensively utilized in baking, savory foods, snacks, sauces, and other food-related applications, which in turn fuels the need for specialty yeast.
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Specialty yeast extract has also been widely used in food products for a long time due to its distinctive flavor. The business is primarily driven by shifting consumer preferences, a trend toward healthier food options, growth in demand for natural and organic food items, and consumers' attraction to plant-based goods.
Furthermore, in order to increase sales, manufacturers concentrate on diversifying their product offerings, developing effective marketing plans, and becoming more accessible to consumers. However, the supply chain is anticipated to pose the biggest challenge during the pandemic; thus, the key players in the sector concentrate on product diversity and pursue sales through e-Commerce or online portals.
Asia Pacific region accounts for the fastest growing region in the industry. The rise in growth is driven by rising consumer spending, expanding urbanization, and the busy schedule of the working population.
Some of the major players include Chr. Hansen Holding A/S, ADM, Aria Ingredients, Associated British Foods Plc, Kerry Group Plc., Biorigin, DSM, Foodchem International Corporation, Kemin Industries, Inc., Angelyeast Co., Ltd., Kohjin Life Sciences Co., Ltd., Lallemand Inc., Leiber, Lesaffre, and Levex.
Specialty Yeast Market Report Highlights
Polaris Market Research has segmented the specialty yeast market report based on type, species, application, and region:
Specialty Yeast, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Specialty Yeast, Species Outlook (Revenue - USD Billion, 2018 - 2030)
Specialty Yeast, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Specialty Yeast, Regional Outlook (Revenue - USD Billion, 2018 - 2030)