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APAC Yeast Extract Market revenue to hit $650 Mn by 2028
Published Date: 2022-07-18
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APAC Yeast Extract Market size is predicted to surpass USD 650 million by 2028, according to a latest forecast report by Graphical Research.
The strong application potential of yeast extract in the food and beverage sectors, particularly for the production of bakery items, is a key force powering the industry trends. The bakery sector in the Asia Pacific consumes a high volume of yeast extract, as an ingredient for the enhancement of flavor in bakery items. Rising population levels and increasing purchasing power of consumers in developing economies like China and India will also expedite the market demand.
The autolyzed yeast extracts are becoming a popular segment among these, given their use as flavor enhancers in processed food items like plant-based meats, which are gaining massive popularity across the Asia Pacific region.
As a rich source of selenium, vitamin B, and chromium, brewer’s yeast is emerging as a sought-after yeast extract solution, especially among the rapidly expanding vegetarian consumer population in Asia.
The yeast extract powder segment is gaining massive popularity till 2028, as a natural flavor enhancer and is becoming commonly used as a substitute for MSG in the production of food products like bread.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The animal feed segment will register a 6% CAGR through 2028, on account of the rise in pet adoption and the burgeoning animal feed industry across the region. The use of yeast extracts in animal feed production is also becoming popular due to the ongoing trend of adding natural and clean label additives to feed products, in order to improve the palatability whilst stimulating the growth of young and infant animals. Functional benefits such as high concentrations of yeast beta-glucan and mannan will further propel the industry growth.
Japan yeast extract industry accounted for 11 kilo tons in 2021. Evolving consumer lifestyles and preferences in major Asian regions like Japan have exacerbated the need for natural ingredients in food preparations. Yeast extract, as a naturally-sourced ingredient, is considered an essential ingredient in various Japanese preparations such as Tonkotsu, where it helps to bring out the meaty flavors of pork, enhance the umami flavor and intensify savory flavor profiles.
The yeast extract in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & revenue in USD Million from 2017 to 2028 for the following segments.
Asia Pacific Market, By Technology
- Autolyzed Yeast
- Hydrolyzed Yeast
Asia Pacific Market, By Source
- Baker’s Yeast
- Brewer’s Yeast
Asia Pacific Market, By Form
Asia Pacific Market, By Application
- Food & Beverages
- Processed Foods
- Dairy Products
- Sauces & savory flavors
- Animal feed
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- New Zealand