The "Global Specialty Yeast Market by Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, Other Yeast Derivatives), Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), Application and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global specialty yeast market is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, with a CAGR of 7%, in terms of value between 2022 and 2027.
The market is gaining momentum as specialty yeast products continue to find increased applications across food, beverage, feed and other industries.
Additionally, the rising innovation in the specialty yeast market and rising consumer awareness regarding natural ingredients and to pursue ingredients with multiple functional abilities have contributed to the growth of specialty yeast market in recent years.
By type, the yeast extract segment occupies the highest market share during the forecast period
Based on type, the yeast segment is estimated to account for the largest market share, in terms of value, during the forecasted period. Yeast extracts are natural ingredients that find a wide range of applicability across various food products which contributes towards enriching the nutritional profile, taste and flavor offerings of the food products due to which they are in significant demand across various food industries.
By species, the Saccharomyces cerevisiae segment is forecasted to account for the largest market share
Based on species, the Saccharomyces cerevisiae segment accounts for the largest market share and it would dominate the market in terms of value during the forecast period. Saccharomyces cerevisiae are commonly used as a preferred yeast species because it offers robustness and has the ability to withstand stressful conditions along with offering other desirable characteristics such as high fermentation efficiency and high growth rate due to which they find extensive applications across food & beverage industries.
By application, the food segment is expected to retain its position as the dominant segment over the forecast period
Based on application, the food segment is expected to account for the largest and fastest-growing segment over the forecast period because of the large applicability of specialty yeasts across a variety of different food segments such as bakery products, functional foods, savory products and other food applications. Due to their wide applicability across various food products, specialty yeasts is experiencing significant demand from the food industry.
The Asia-Pacific region is the fastest growing market for the specialty yeast market during the forecast period
Asia-Pacific region is expected to witness the highest growth rate during the forecasted period. The region has been witnessing significant urbanization and increased demand for convenience food products over the recent years. The other factors that are contributing significantly to the growth of specialty yeast industry in the region are increased awareness about health & wellness and significant rise in demand for natural, pure and fresh products. The countries of China, Japan and India are key global markets for sauces, wine, dairy, and bakery products which contributes significantly to the growth of specialty yeast market in the region.
- R&D Driving Innovations
- Increasing Demand for Specialty Yeast Ingredients in Food & Beverage Applications
- Increasing Demand for Bio-Ethanol as a Fuel
- Stringent Food Safety Regulations
- Competition for Basic Raw Materials
- Growing Demand for Clean Label Products in Developed Countries
- New Variants of Yeast Ingredients for Improved Functionality
- Yeast is a Promising Protein Source in Feed
- Commercialization of Duplicate & Low-Quality Products
- AEB Group S.p.A.
- Agrano GmbH & Co. KG
- Angelyeast Co. Ltd.
- Aria Ingredients
- Associated British Foods PLC
- Chr. Hansen Holding A/S
- Foodchem International Corporation
- Halcyon Proteins Pty. Ltd.
- Jeevan Biotech
- Kemin Industries, Inc.
- Kerry Group PLC
- Kohjin Life Sciences Co. Ltd.
- Lallemand Inc.
- Titan Biotech
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