The scope of study involves understanding the factors responsible for the growth of the yeast extract market along with estimates and forecast of the revenue and market share analysis. It alsspots the significant yeast extract market players and their key developments.
The global yeast extract market was valued at US$ 1,450.57 million in 2019 and is projected treach US$ 2,121.62 million by 2027; it is expected tgrow at a CAGR of 4.8% during the forecast period. Yeast extract consists of the cell contents of yeast without the cell walls. It is mainly used in the food & beverages sector for fermentation. Yeast extract is categorized under natural ingredients with a taste of its own, used as flavoring agents replacing synthetic additives. It comprises carbohydrates, water-soluble vitamins, peptides, and aminacids. Fundamental product properties include taste enhancement ability, savory flavor, and the ability treplace salt partially. These extracts are incorporated in dietary supplements and nutritional food tbalance aminacid content and enhance the flavor. Brewer's yeast is prominently used in pharmaceutical applications due tits high nucleotide, B complex vitamins, and protein content.
Based on application, the global yeast extract market has been segmented intfood & beverages, animal feed, pharmaceuticals, and others. Under the application segment, the food & beverages segment led the global yeast extract market. Yeast extracts help tintensify the flavors and taste of food products by bringing umami tthe recipe. Apart from the taste improvement, the yeast extracts alscontribute tposition healthy formulations, clean labeling, and support veganism and vegetarianism. The yeast extract ingredients are alsgrowing at a remarkable pace in the snacking foods category.
Geographically, the global yeast extract market is segmented intfive regions— North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Central & South America (SAM). Europe held the largest share of the global yeast extract market in 2019, followed by North America and Asia Pacific. Factors such as growing demand for alcoholic beverages, nutritional products, and bakery are expected tdrive the market in Europe during the forecast period.
By Technology
By Form
By Application
- Food & Beverages
- Animal Feed
- Pharmaceuticals
- Others
By Geography
- North America
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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