According to the Graphical Research new growth forecast report titled “North America Yeast Extract Market Size By Source (Baker’s Yeast, Brewer’s yeast), By Technology (Autolyzed Yeast , Hydrolyzed Yeast), By Form (Powder, Paste), By Application (Food & Beverages [Soups, Processed foods, Dairy Products, Bakery, Sauces & Savory Flavors], Animal Feed, Pharmaceuticals)”,Estimated to Exceed USD 450 million by 2026
Rising demand for natural food ingredients and clean label products are the major driving factor for the yeast extract market. Increase in the use of yeast extract in packed food products, ready to eat food will foster the market demand owing to yeast extract contains glutamates, which are forms of amino acid, that primarily found in many foods. Yeast extract provides unique taste and flavor to the food, majorly in soups and sauces, ready to eat meats and fish products, seasoning and snacks which is expected to drive market growth.
Growing health benefits associated with the consumption of yeast extract functional food and dietary supplement is one of the major factors which propelling the North America yeast extract. Additionally, it is widely used in animal feed, which improves immunity and maintains well health among animals. Growing health awareness such as it contains vitamin B12, which helps to boost energy, and reduces sugar level in the body. Thus, yeast extract will proliferate in terms of value in the futures.
North America brewer’s segment shows significant growth with a value of over USD 70 million in 2019 in terms of revenue. Brewer’s yeast is primarily used in brew beer, wine preparations, and fermentation of bakery goods. In addition, it contains vitamin B, and minerals like selenium and chromium which is used in regular dietary supplements, this is a driving factor for brewer’s yeast extract.
North America yeast extract market from the animal feed segment is projected to grow over 5.9% in market share. Feed yeast is a probiotic which helps to improve digestion, reduces the risk of the gastrointestinal tract, and eliminates toxic metabolic products from the body which help to improve animal health and improves productivity. Additionally, active yeast contains specialty amino acid and vitamin and minerals supplements which helps to improve efficiency, this will positively affect market growth.
Increasing demand from processed food manufacturing companies, innovation, and technological advancement in dairy and bakery goods, foster market growth. Growing demand from cosmetic and personal care, healthcare products, and pharmaceuticals will stimulate market growth. Furthermore, rising living standards, urbanization, increasing health consciousness, and disposable income will drive the regional demand for the yeast extract market.
Key players in the North America yeast extract market Kerry Group, Lesaffre Group, Leiber GmBH, Angel Yeast, Lallemand, Inc, 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.