Meticulous Research® – leading global market research company published a research report titled “Specialty Yeast Market by Type (Yeast Extract, Yeast Autolysate, Yeast Beta- Glucan), Application (Bakery Production, Flavoring, Biofuels), Species (Saccharomyces Cerevisiae, Kluyveromyces), and Industry–Global Forecast to 2025”.
According to this latest publication from Meticulous Research®, the global Specialty Yeast Market is expected to grow at a CAGR of 7.0% from 2019 to reach $4.8 billion by 2025. The growth of specialty yeast market is driven by increasing consumer demand for processed foods, growing consumer inclination towards vegan diet and natural food ingredients, growing research and development, and wide range of benefits of specialty yeast in food application. However, high processing cost and stringent government regulations could restrain the growth of the global specialty yeast market to some extent.
The global specialty yeast market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2025-by type (yeast extract, yeast autolysate, yeast beta-glucan, and other yeast derivatives),application (bakery production, flavorings, beverage production, health & nutritional products, animal feed production, biofuel), species (saccharomyces cerevisiae, kluyveromyces, saccharomyces boulardii, and others), and industry (food industry, beverage industry, feed industry, and others). The study also evaluates industry competitors and analyzes the market at a regional and country level.
On the basis of type, the yeast extract segment is estimated to account for the largest share of the overall specialty yeast market in 2019 and will grow at the fastest rate during the forecast period. The large market share of this segment is mainly attributed to huge demand from food and beverages industry due to its flavor and nutritional properties and organic nature.
Based on species, saccharomyces cerevisiae segment is estimated to account for the largest share of the global specialty yeast market in 2019. The largest share is mainly attributed to its capability of withstanding in the stressful conditions and providing high fermentation efficiency. Due to the growing demand for spicy & peppery flavors, saccharomyces cerevisiae has been used for various applications in the food industry. Within the beverage industry, it is used in the fermentation of alcoholic as well as non-alcoholic beverages.
Based on application, flavorings segment is expected to grow at the fastest CAGR during the forecast period, mainly due to growing inclination of consumers towards consumption of nutritional and organic products without compromising the taste. Across the globe, in multiple countries, many chemically derived flavors are banned to use in products, which has spurred the demand for specialty yeast as a natural acting substitute.
Based on industry, the food industry is estimated to account for the largest share of the overall specialty yeast market in 2019. Specialty yeasts are largely used in various food applications such as sauces, snacks seasoning, ready-to-eat meat, bakery products, and functional foods. However, beverage industry is expected to witness the fastest growth during the forecast period. The increasing demand for alcoholic and non-alcoholic beverages, growing number of beverage manufacturers, and growing launch of new products in beverage industry using specialty yeast as an ingredient are some of the major factors driving the growth of the specialty yeast market for beverages industry.
This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada, and Mexico), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and Middle East & Africa. Europe commanded the largest share of the global specialty yeast market, followed by Asia Pacific, and North America. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period from 2019 to 2025, mainly attributed to growing number of food and beverage manufactures which are demanding ingredients such as specialty yeast. Moreover, other factors such as increasing demand for convenience food due to growing urbanization and disposable income; and growing inclination of consumers towards vegan, organic, and functional food products supports the growth of specialty yeast market in Asia Pacific region.
The major players operating in the global specialty yeast market are Associated British Foods Plc. (U.K.), Lallemand Inc (Canada), Lesaffre (France), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (The Netherlands), Angelyeast Co., Ltd (China), Chr. Hansen Holding A/S (Denmark), Kerry Inc. (Ireland), Biorigin (Brazil), Kemin Industries (U.S.), Leiber GmbH (Germany), and Alltech. Inc (U.S.), among others.
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