Yeast Extract market to Eyewitness Huge Marginal Growth by 2027Posted by Mrudula Anil Karmarkar on May 4th, 2022 The global yeast extract market size is projected to reach USD 2.1 billion by 2027 registering a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The increasing demand for natural ingredients in the food & beverage industry will boost the market growth. Furthermore, yeast extracts are a dominant substitute for MSG in the food & beverage industry, thereby is expected to increase market penetration over the projected period. Yeast extracts are majorly utilized in food & beverage applications and thus, this application segment is projected to lead the market at a steady CAGR from 2020 to 2027. Growing awareness about nutritional diet and its health benefits along with rising purchase parity have resulted in the growing consumption of healthy and processed food products. The market is highly competitive, in terms of product innovation and investments. Key companies in the market have been spending more on research & development activities to gain a competitive edge. Moreover, most of the companies are focusing on M&A to strengthen their industry position and expand global reach. For instance, in February 2018, Lesaffre Group announced the acquisition of Alltech’s yeast extract facility in Serbia, to establish its operations in Serbia. The upsurge in the consumption of alcoholic beverages and increasing demand for bakery food products are expected to propel the market growth. Yeast extract is a clean label ingredient. It is considered as a natural flavoring ingredient like spices and herbs. Among all its unique features, yeast extract is also GMO-free, Kosher, Halal, and generally does not contain gluten. Furthermore, rising consumer preference for healthy and fresh food products comprising natural ingredients is projected to drive its demand. The easy accessibility of resources, such as saccharides and other sugar derivatives, at a reasonable price is anticipated to boost the yeast extract market growth over the forecast period. The upsurge in the consumption of alcoholic beverages and increasing demand for bakery food products are expected to propel the market growth. Yeast extract is a clean label ingredient. It is considered as a natural flavoring ingredient like spices and herbs. Among all its unique features, yeast extract is also GMO-free, Kosher, Halal, and generally does not contain gluten. Furthermore, rising consumer preference for healthy and fresh food products comprising natural ingredients is projected to drive its demand. The easy accessibility of resources, such as saccharides and other sugar derivatives, at a reasonable price is anticipated to boost the yeast extract market growth over the forecast period. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/yeast-extract-market/request/rs1 The market for bakery products is expected to increase over the projected period on account of new product development and innovations. The product is formed without any chemical additives with the help of enzymes that segregate the proteins in yeast into their taste-offering feature. These are removed from the insoluble residual constituents and dried. Yeast Extract Market Report Highlights
The outcome of this method is yeast extract, a blend of distinguished carbohydrates, amino acids, minerals, and vitamins. According to the European Association for Specialty Yeast Products, increasing product development within the vegan/plant-based space and meat alternative are building a novel opportunity for the product to provide a clean label edge and savory flavor. The market is aggressive, with companies undertaking some activities, including capital extension, strategic alliances, regular mergers, and acquisitions. Established companies are focusing on increasing their share in the overall industry and productivity through various technological innovations. Some of the prominent players in the yeast extract market include:
Like it? Share it!More by this author |