Europe Yeast Extract Market size is projected to reach $700 million by 2024. increasing usage in food & beverage industry as a potential replacement of synthetic flavoring substance will boost yeast extract market size. It is considered under natural flavor containing vitamins, proteins, carbohydrates, minerals and amino acids. It has its own taste and flavor enhancing characters which comes from combination of nucleotides and glutamic acid. It contains around 5% glutamate which is fairly low concentration causing relatively low risk of health hazards.
Rising importance of clean labelled natural ingredients in food products supported by concrete initiatives by various organizations such as EURASYP aims at informing retailers and consumers about composition, production, uses, labelling and fundamental benefits of yeast products is likely to promote yeast and its derivatives demand thereby driving industry growth.
Germany yeast extract market may surpass USD 145 million by 2024. Adoption of new culinary trends along with innovative cultural cuisines will have positive influence on regional product demand. Supporting food safety standards by EU Commission pertaining to clean label will drive regional industry growth.
UK yeast extract market from animal feed applications may register gains over 4.5% by 2024. Hydrolyzed yeast has prominent application as flavor enhancer which imparts meaty flavor like fish, chicken and beef thereby increasing animal feed nutritive value and palatability. Growing awareness regarding use of these extracts in animal feed along with many manufacturers preferring this extract as nutritional additive and flavor enhancer should boost Europe yeast extract market growth.
Availability of substitute including hydrolyzed vegetable protein will limit industry growth. saccharomyces cerevisiae, baker’s , molasses, and brewer’s yeast are the key raw material for commercial production. Cost concerns regarding raw material owing to its use in other end use industries including biofuels and food & beverage industries which may generate supply deficit, thus challenging industry growth, thereby affecting Europe yeast extract market price trend.
Europe yeast extract market share is slightly consolidated with major players includes DSM, Ohly, Lesaffre, Biospringer, and Kerry Group.
Segments Covered in this Report:
Europe Yeast Extract Market Analysis By Form
Europe Yeast Extract Market Forecast By Application
The above information has been provided for the following regions and countries: