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
- In the type segment, yeast autolysates account for the second-fastest growing segment due to the increasing awareness of nutritious food products
- In the application segment, the Beverages segment accounts for the second-largest market share due to the rise in consumption of alcoholic beverages
- Asia Pacific accounts for the fastest growing region owing to the growing demand for organic products along with favoring healthy well-being is boosting the industry in this region
- The global market is highly competitive owing to the existence of large industry players with global presence Kerry Group Plc., Biorigin, DSM, Foodchem International Corporation, Kemin Industries, Inc.
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)
- Yeast Extracts
- Yeast Autolysates
- Yeast Beta-Glucan
Specialty Yeast, Species Outlook (Revenue – USD Billion, 2018 – 2030)
- Saccharomyces Cerevisiae
- Pichia Pastoris
Specialty Yeast, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Bakery Products
- Functional Foods
- Savory Products
- Other Food Applications
- Other Applications
Specialty Yeast, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa