From Bread to Beauty: Surprising Uses of Yeast Extract Beyond the Kitchen

Yeast Extract Market is projected to grow to $2.92 billion by 2031, with an estimated CAGR of 6.8% during the forecast period from 2024 to 2031.

Meticulous Research® projects that the global yeast extract market will expand to $2.92 billion by 2031, with a CAGR of 6.8% from 2024 to 2031. The increasing popularity of bakery products, rising vegan and vegetarian populations, growing consumption of alcoholic beverages, and the global trend towards reducing salt intake are key drivers fueling the market’s growth.

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However, the market’s growth faces challenges, such as the availability of alternative products and volatility in raw material prices. These factors may hinder the rapid expansion of the yeast extract market.

Despite these obstacles, the rising demand for natural ingredients and the shift towards plant-based foods and meat alternatives offer significant growth opportunities for stakeholders. Their ability to navigate the complex challenges posed by the high initial costs of production plants and stringent regulatory requirements will be critical to the market’s future success.

Market Trends Shaping the Future

In recent years, the yeast extract market has seen a considerable move towards clean-label products and increasing health consciousness among consumers. These trends are transforming market dynamics and influencing consumer purchasing behavior. As a result, yeast extract is becoming a vital ingredient in various food products, valued for its ability to enhance flavor without compromising on nutritional value.

Key Market Players

The global yeast extract market is moderately competitive, with a mix of global, regional, and local players. Leading companies in the market include: Lesaffre (France), Kerry Group plc (Ireland), AngelYeast Co., Ltd. (China), Leiber GmbH (Germany), Lallemand Inc. (Canada), Synergy Flavors, Inc (U.S.), Thai Foods International Co., Ltd. (Thailand), Thai Foods International Co., Ltd. (Thailand), Halcyon Proteins Pty Ltd. (Australia), Alltech Inc (U.S.), Ohly GmbH (Germany), KOHJIN Life Sciences Co., Ltd. (Japan), Sensient Technologies Corporation (U.S.), Oriental Yeast Co., Ltd. (Japan), Kothari Fermentation and Biochem Ltd. (India), Koninklijke DSM N.V. (Netherlands), and Novozymes A/S (Denmark).

These companies contribute to the competitive landscape by driving innovation, improving production processes, and expanding their product portfolios to meet growing consumer demands.

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Market Segmentation Overview

The global yeast extract market is categorized into several key segments:

• By Type: The market is divided into autolyzed yeast extract and hydrolyzed yeast extract. In 2024, the autolyzed yeast extract segment is anticipated to account for over 62.0% of the market, driven by its widespread use in the food industry for enhancing savory flavors and delivering a rich umami taste.
• By Yeast Source: Baker’s yeast, brewer’s yeast, and torula yeast form the primary yeast sources. The baker’s yeast segment is expected to dominate in 2024 due to its high protein content, appealing flavor profile, and widespread availability.
• By Form: The market includes powder, paste, liquid, and flakes. The powder segment is projected to hold the largest share in 2024, owing to its convenience in food processing and easy storage, handling, and transport.
• By Application: The market serves various sectors such as food and beverages, animal feed, cosmetics and personal care, pharmaceuticals, and others. The food and beverages segment is forecast to lead in 2024, representing over 36.7% of the market, driven by the growing demand for processed and clean-label foods.

Geographic Insights

Regionally, Europe is anticipated to hold the largest share of the global yeast extract market in 2024, with an estimated 29.8% of the market, followed by North America and Asia-Pacific. The European market is expected to be worth $548.1 million in 2024. This dominant position is attributed to the rising demand for processed foods, increasing vegetarian population, and growing interest in plant-based food products. The region’s market is further driven by a consumer preference for natural ingredients and the increasing adoption of clean-label and nutritious food options.

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Conclusion

As consumer trends continue to evolve towards health and sustainability, the yeast extract market is poised for robust growth. Companies that can adapt to these trends and address the challenges of production costs and regulatory processes will be well-positioned to capitalize on the expanding opportunities in this market.

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