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Europe Yeast Extract Market size worth over $700mn by 2024

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According to the Graphical Research new growth forecast report titled “ Europe Yeast Extract Market analysis based on Technology, Source, Form, Application, Regional Outlook, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 700 million by 2024.

Growth in convenience and ready to eat food consumption owing to changing dietary preferences will drive Europe yeast extract market size. They are widely used natural ingredient as flavoring agent and salt reduction ingredient in canned & frozen soups, bakery items, meat & canned fish, sauces and savory mixes. Rising consumer focus on natural ingredients and salt reduction will  propel product demand.

Rising consumer awareness towards adverse effects of added synthetic flavors like MSG’s along with growing demand for organic ingredients should boost yeast extract demand. It offers advantages such as nutritive value, clean label and natural umami flavor beneficial for incorporation in functional foods and dietary supplements, thus contributing towards industry growth.

Italy yeast extract market size is anticipated to exceed 10.5 kilo tons up to 2024. Growth in hotel and catering industry due to increase in consumer inclination towards having outside food will favor regional industry growth.

Europe autolyzed yeast market may exceed  USD 500 million at the end of 2024.  It is widely used as flavor enhancer in various processed foods including sauces, soups, and meats. Rise in living standards has led to increase in consumer spending on packaged food which is likely to stimulate product demand. In addition, it is used as a nutrient for micro-organisms and an ingredient for pet-food which may promote its usage in this sector.

Molasses is prominently used fermentation media in the manufacturing process along with baker’s yeast, saccharomyces cerevisiae and brewer’s yeast. Fluctuating molasses and other  raw material cost will hamper industry growth, thus affecting yeast extract market price trend.

Europe yeast extract market share is fairly consolidated and competitive with Lesaffre Group, DSM,       Kerry Group, Leiber GmbH, Biospringer, Ohly and AB Mauri.

Segments we Cover:

Europe Yeast Extract Market Share, By Technology

  • Autolyzed Yeast
  • Hydrolyzed yeast

Europe Yeast Extract Market Demands, By Source

·Baker’s Yeast

  • Brewer’s yeast

Europe Yeast Extract Market Analysis, By Form

  • Yeast extract powder
  • Yeast extract paste
Europe Yeast Extract Market Forecast, By Application
  • Food & beverage
  • Animal feed
  • Pharma
  • Others

The above information has been provided for the following regions and countries:

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Poland