European Yeast Extract Market size is expected to reach USD 850 million by 2028, according to a latest forecast report by Graphical Research. The market growth is driven by the growing intake of processed foods.
Stringent regulations to address robust demand for clean label products and sustainable nutrition are gaining prominence in Europe. Varieties of food ingredients are invariably influencing the quality of end products, which in turn, can impact their marketability and overall acceptability. Natural flavor ingredients like yeast extract are witnessing substantial adoption in this regard, apart from serving as a flavoring agent.
Clean label is also continuing to switch from a trend to a standard in Europe, due to the shifting consumer preference from synthetic ingredients to simpler, healthier, and natural ones. As a result, this food industry will likely start focusing on transparency efforts and consequently provide ample growth opportunities.
According to data from William Reed Limited, 80% of Europeans claimed that product ingredient lists drive their purchase decision. This factor, alongside the changing dietary patterns and mounting consumption of ready-to-eat, will boost the productivity of yeast extract production facilities in Europe.
The adoption of autolyzed yeast is slated to grow at a significant CAGR till 2028, owing to its widespread usage as a flavor enhancer in sauces, soups, and other processed foods as well as in pet foods.
The brewer’s yeasts often gain application in alternative medicine to support digestion and are used to treat a range of health conditions like diabetes. Since the healthcare expenditure has significantly risen in the European Union, the popularity of yeast extract sourced from brewer’s yeast will observe high levels of adoption.
The powder form segment held around USD 550 million revenue in 2021, credited to its growing acceptance as a flavoring agent in the burgeoning bakery manufacturing sector.
Browse detailed statistical insights from the report, “Europe Yeast Extract Market Forecast 2028 By Technology (Autolyzed Yeast, Hydrolyzed Yeast), By Source (Baker’s Yeast, Brewer’s yeast), By Form (Powder, Paste), 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) @
According to Dojo’s analysis, the bakery and patisserie sector continues to lead and attract consumer cash in the UK, logging in around a 56.9% increase following the ease of COVID-19 lockdown restrictions compared before the implementation of the first lockdown. Apart from bakeries, yeast extract powder is also used in packed foods. Since frozen foods sales remain significantly above the pre-pandemic levels in the country.
The integration of yeast extract in animal feeds segment will rise substantially through 2028, given the accelerating livestock and meat production. According to statistics from Eurostat, the EU produced over 13.6 million tons of poultry meat in 2020. Factors like these could amplify the need for nutritional feeds with yeast extract content to support animal health.
The Germany yeast extract industry share registered over 15 kilo tons in 2021, influenced by myriad factors including the high intake of dietary supplements. As per the German Federal Institute for Risk Assessment, nearly one-third of the population takes food supplements once a week to increase vitamin levels. This factor is favoring yeast extract manufacturers, considering its potential use as an additive in dietary supplements and other nutritional tablets. Likewise, the noteworthy expansion of the food processing sector is further indicating the market growth.
The European yeast extract 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.
Europe Market, By Technology
- Autolyzed Yeast
- Hydrolyzed Yeast
Europe Market, By Source
- Baker’s Yeast
- Brewer’s Yeast
Europe Market, By Form
Europe Market, By Application
- Food & Beverages
- Processed Foods
- Dairy Products
- Sauces & savory flavors
- Animal feed
The above information has been provided for the following countries: