North America Yeast Extract Market share was valued at above USD 315 million in 2019 and industry is expected to witness substantial gains at over 5.5% by 2026.
Yeast is a single-cell organism, belonging to the class fungus kingdom, mainly found in soil, plant leaves, flowers, and fruits. Yeast extract consists of nutrients such as carbohydrates, amino acid peptides, a water-soluble vitamin, and beneficial bacteria. It is extensively used in food and beverages for additives and flavoring. Additionally, it enhances the taste, creates savory flavor and partially reduces salts while food preparations.
Yeast extract comprises of essential nutrients which promote body growth & development, including potassium, chromium, carbohydrates, protein, iron, zinc, and magnesium. It is a natural ingredient containing its own taste and flavor which is used in processed foods, dietary supplements, and animal feed. It is highly used in frozen foods, snacks, sauces & savory, soups, and salads yeast extract as a flavoring agent and also plays an important role in confectioneries & bakeries as a leaving agent. It is also extensively used for fermentation in beverages such as beer, wine, and nonalcoholic drinks with glucose in order to provide the required alcohol.
Autolyzed yeast from the technology segment dominates the North American market share in 2019. Autolyzed yeast enhances its natural flavor and provides its unique taste to processed food, this will foster the market share. Based on form, the powder segment is accounted maximum share the market with CAGR 5.6% in the forecast period. Owing to, extensive use of yeast extract in social outlets, hotels and restaurants, bakery, and the dairy industry in recent years. Furthermore, in terms of transportation and industrial usage, powder form is much more convenient and easier to transport as compared to its paste form. Powder form yeast extract is easily accessible, and durable this may fuel the market demand.
In North America, revenue from pharmaceuticals was over USD 65 million in 2019 which shows a huge growth opportunity for the yeast extract market. Saccharomyces cerevisiae and non-saccharomyces yeast are widely used in preparation enzymes and pharmaceutical proteins. It also comprises vitamins such as thiamin, riboflavin, and biotin which promotes skin, hair, and nail health. Nutritional yeast improves the immunity system and reduces inflammation which decreases the risk of bacterial infection.
North American market from food and beverages was valued over 192 million in 2019. Yeast extract is versatile ingredients, which is extensively used in the preparation of beer and wine for fermentation. It contains essential vitamins, amino acids, pesticides, and carbohydrates which promotes the immunity system. It is also used in nutritional supplements, baked products, and dairy products. Furthermore, yeast extracts mainly used in packed food, snacks, ready to eat food products because, it has its own taste and flavor, which improves the taste of packed food and reduces sugar content. Increasing demand for packaged food, rise in working women population and busy schedules may foster the market share for the yeast extraction market.
It extensively used for fermentation process of beer, bread and other confectionary food. Major population prefer frozen food, canned soups, soy sauce and cheese for a savory flavor, which constitutes yeast extract content. Rise in social outlets and various functional food manufacturing industries, yeast extract market is propelling the demand. In addition, awareness about health benefits related to consuming yeast extract in regular dietary supplements is one of the major factors, will driving the market. In Latin America, the yeast extract is consumed as it has high antioxidant nutrients and vitamin B-complex properties.
North America yeast extract market is competitive with key players Lallemand Inc, Kerry Group, Lesaffre Group, Leiber GmBH, Angel Yeast, DSM, Biospringer, Thai Foods International Co., Ltd, Synergy Flavors, Specialty Biotech, Halcyon Proteins, Ohly, Alltech, Sensient Technologies Corporation, Biorigin, AB Mauri, Oriental Yeast, and Kohjin Life Sciences. manufactures are majorly focusing on strategic acquisitions; new product launches as well as collaborations to gain competitive advantage.