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    Asia Pacific Yeast Extract Market Forecast 2028 By Form (Powder, Paste), By Technology (Autolyzed Yeast, Hydrolyzed Yeast), By Source (Baker’s Yeast, Brewer’s yeast), By Application (Food & Beverages [Soups, Processed foods, Dairy Products, Bakery, Sauces & Savory Flavors], Animal Feed, Pharmaceuticals), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2022   |   Report ID: GR1503   |   Delivery: PDF  Request Free Sample

    Asia Pacific Yeast Extract Market size crossed USD 400 million in 2021 and is projected to observe around 7% growth rate from 2022 to 2028.

    A major driver for APAC yeast extract industry growth is the growing awareness among consumers regarding health management. The shift towards vegan diets, especially, has been gaining steady traction in the APAC region, compelling food brands to avoid the use of animal-derived additives and raw materials and focus on natural resources such as yeast extract to boost product quality.

    Asia Pacific Yeast Extract Market

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    Yeast extracts are becoming increasingly popular as natural food ingredients, owing to their high nutritional content of high-quality proteins, carbohydrates, vitamins, minerals, and amino acids. Additionally, the flavor-enhancing attributes of the product also make them ideal to produce various food and beverage products including dairy products, bakery products, sauces, and other savory items, as well as animal feed.

    COVID-19 Impact on Asia Pacific Yeast Extract Market

    The unprecedented outbreak of the novel coronavirus in early 2020 brought the manufacturing sector to a sudden halt, creating massive disruption across major supply chains. While this may have had an initial adverse impact on the yeast extract industry in the Asia Pacific, demand for the product remained relatively stable given its use as an ingredient in shelf-stable foods such as ready-to-cook and ready-to-eat products, which observed a massive rise in popularity during the lockdown phase.

    Asia Pacific Market, By Technology

    The hydrolyzed yeast segment will gain significant momentum during the forecast period, given its strong application potential as an anti-oxidant ingredient in skin care products and cosmetics. Hydrolyzed yeast extract also serves as a functional protein source in feed products for young animals.

    Asia Pacific Market, By Form

    The paste segment in the Asia Pacific yeast extract market will register appreciable growth through 2028, owing to the strong benefits of the formulation in the preparation of food items such as marinades, pastry fillings, and sauces to enhance their savory profile.

    Asia Pacific Market, By Application

    The pharmaceutical segment accounted for USD 80 million revenue in 2021, due to the numerous health benefits of yeast extracts. These substances contain large concentrations of probiotics which make them ideal for the treatment of ailments such as cholesterol, common cold, diarrhea, respiratory infections, and premenstrual syndrome. Furthermore, the use of yeast extract can also help food manufacturers decrease sugar content in foods like cereals by up to 30%, which can help diabetes patients control their blood glucose levels.

    Asia Pacific Market, By Country

    The China yeast extract market size will increase exponentially during the period 2022-2028, attributed to targeted efforts by regional industry players to boost the production levels of yeast extract products. For instance, in April 2021, Angel Yeast (Dehong), an Angel Yeast company subsidiary, announced its plans to establish a new green manufacturing plant for yeast extracts to achieve an annual output of 15, 000 tons. With a USD 71 million total budgeted investment, this expansion was announced to boost the firm’s 2025 yeast industry planning strategy and ensure an adequate supply of yeast extracts to accommodate evolving market demands.

    Competitive Industry Landscape

    Prominent participants operating across the Asia Pacific yeast extract market are Oriental Yeast Co., Ltd., Biochem Ltd., Kerry Group PLC, Novozymes, Leiber GmbH, Koninklijke DSM N.V., Angel Yeast, Synergy Flavors, BSG CraftBrewing, Lallemand Inc, Kothari Fermentation and Lesaffre.


    Frequently Asked Question(FAQ) :

    How much growth rate is the APAC yeast extract market expected to record through 2028?
    The market size for yeast extract in Asia Pacific was surpassed USD 400 million in 2021 and is forecast to depict a growth rate of over 7% through 2028, driven by the rising number of health-conscious consumers and the transition towards vegan diets.
    Why is the Asia Pacific yeast extract industry anticipated to gain appreciable returns from the pharmaceutical application segment?
    The market size for yeast extract in Asia Pacific from the pharmaceutical segment recorded USD 80 million in 2021 since this product is ideal for the treatment of respiratory infections and other ailments.
    What factors are bolstering the demand for yeast extract in China?
    The industry for yeast extract in China’s may register substantial returns through 2028, as industry players are making significant investments in product manufacturing facilities to ensure its adequate supply.
    Which are some of the major yeast extract manufacturers across APAC?
    Key players partaking in the Asia Pacific market include Oriental Yeast Co., Ltd., Biochem Ltd., Kerry Group PLC, Novozymes, Leiber GmbH, Koninklijke DSM N.V., Angel Yeast, Synergy Flavors, BSG CraftBrewing, Lallemand Inc, Kothari Fermentation, and Lesaffre.

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