October 27th, 2022
Yeast extracts are fermented foods that contain concentration of yeast cells. Yeast extracts result from the natural breakdown of yeast cells when heated. They are used as flavour enhancers in foods and are often used to create savory flavours and umami taste sensations. Although yeast extracts are not made up of any animal ingredients, the taste is similar to that of a meat bouillon because many of the same taste-giving amino acids are present in both yeast extracts and meat bouillons. According to Industry ARC findings, Baker’s yeast is the major source of origin for yeast extracts and finds applications in bakery products such as bread, pasta, savory snacks, and others.
The Yeast Extract Market was valued at USD 1.35 Billion in 2021 and is expected to reach USD 2.03 Billion by the year 2028, at a CAGR of 6.0%.
Yeast refers to the microorganism that belongs to the fungus family. The first yeast-derived hundreds of millions of years ago. It is consisting of proteins 49%, carbohydrates 40%, minerals 7%, and lipids 4%. Furthermore, yeast extract is a natural ingredient and which is extracted from fresh yeast and made without adding any synthetic or chemical ingredients while production.
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Players Covered in Yeast Extract Market are:
· Angel East
· AB Mauri
· Lesaffre Group
· Synergy Flavors
· Oriental Yeast
· Kerry Group
· Halcyon Proteins
· Lallemand Inc.
· Leiber GmbH.
· Thai Foods International Co. Ltd.
· Specialty Biotech
The market is gaining momentum as specialty yeast products continue to find increased applications across food, beverage, feed and other industries. Additionally, the rising innovation in the specialty yeast market and rising consumer awareness regarding natural ingredients and to pursue ingredients with multiple functional abilities have contributed to the growth of specialty yeast market in recent years.
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· Hydrolyzed Yeast
· Autolyzed Yeast
· Food & Beverages
· Animal Feed
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact Analysis of Yeast Extract Market
Due to the COVID-19 pandemic, the supply and demand got affected badly and this has led to reduced demand for products in the market. The coronavirus pandemic has led to the lockdown of manufacturing plants to prevent infection. In addition, the transportation of raw material, business activity, interruptions in supply, transportation services, and finished goods are blocked due to global lockdown. This may lead to reduced profits for the producers, which may impact the yeast extract demand globally.
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Key Industry Developments In Yeast Extract Market
· In February 2018, Lesaffre acquires an Us based company Alltech's yeast extract production unit in Serbia. By the expansion of the unit facility, the company will be able to explore its business across Serbia and reach a strong market position.
· In May 2019, Lesaffre has declared an extension of its operations over Zimbabwe with funding of USD 10 million to improve its plant to grow production capacity. By this expansion, the organization will explore its business by catering to product demand across the region and capture significant market share.
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