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

The 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 this market is mainly attributed to increasing demand for processed foods such as bakery products (breads, buns, doughnuts, pizza, etc.) and beverage (alcoholic & non-alcoholic) products, which contain specialty yeast as a main ingredient.

Increasing Consumer Demand for Processed Food Products Drive the Growth of the Overall Specialty Yeast Market

Factors such as growing urbanization & customization, dynamic lifestyle changes, rising number of nuclear families, growing number of women in the workforce, and availability of less time for food preparation is driving the demand for processed food products. In 2018, 55% of the world’s population lives in urban area which is expected to increase by 68% in 2050. Moreover, changes in eating habits such as preference towards ready-to-eat, ready-to-cook products also leads to increase in consumer demand for processed foods. Specialty yeast is replacing the yeast in processed products as it provides nutritional, functional properties to food product and also act as a flavor enhancer. In 2018, many processed products were launched which includes 28% snacks, 10% soups, and 16% sauces and seasonings using yeast extract as a main ingredient. Therefore, the increasing demand for processed food is, in turn, fueling the growth of specialty yeast market.

Establishment of Food and Beverage Manufacturing Units and Mega Food Parks Fuel the Growth of Specialty Yeast Market

Establishment of food and beverage manufacturing units and mega food parks has increased rapidly in recent decades across the globe. For instance, according to FoodDrinkEurope (2018), number of total food and beverage establishments in Europe was increased from 2,89,000 in 2017 to 294,000 in 2018. In addition, according to India Brand Equity Foundation, the number of registered food processing units in India has increased from 37,450 in 2014 to 38,608 in 2015. These increased numbers are associated with technological advancements, growing need to increase productivity due to rising population, and government support to promote food processing sector. Along with this, abundant availability of raw materials, changing lifestyles, and relaxation in policies have given a considerable push to the industry’s growth. These growing number of food and beverage establishments is leading to the high production of processed food products like bread, buns, snacks, soups, sauces, and seasoning etc. Therefore, increasing productivity of food and beverage sector provide an array of opportunities to the specialty yeast market as specialty yeast serve as an input for further manufacturing of these products.

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Key Findings in the Global Specialty Yeast Market Study:

Yeast Extract Segment will have the Highest Growth Rate during the Forecast Period

Yeast extract is a natural, healthy, and vegetarian ingredient that the food industry uses to make tasty products and dishes. The growth of yeast extract segment in the global specialty yeast market is mainly attributed to its flavor enhancing properties and increasing demand for nutritional and vegan products.

Saccharomyces Cerevisiae Dominated the Global Specialty Yeast Market

Based on species type, saccharomyces cerevisiae segment is estimated to command 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 giving high fermentation efficiency.

Beverage Segment to Witness the Highest Growth Rate Through 2025

On the basis of application, beverage segment 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.

Asia Pacific: The Fastest Growing Regional Market

The specialty yeast market in Asia Pacific, especially in China, India, and Japan, is expected to witness a high growth during the forecast period. Growth in this market is expected to be driven by growing number of new food and beverage companies which are demanding ingredients such as specialty yeast. Moreover, other factors such as increasing demand for convenience foods due to growing urbanization and disposable income; and growing inclination of consumers towards vegan, organic, and functional food products support the growth of specialty yeast market in Asia Pacific region.

Specialty Yeast  Market Key Players:

The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (January 2016- May 2019). The key players profiled in the global specialty yeast market research report are Associated British Foods Plc. (U.K.), Lallemand Inc (Canada), Lesaffre (France), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (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.

Scope of Specialty Yeast Market Report:

by Type

• Yeast Extract
• Yeast Autolysate
• Yeast Beta-Glucan
• Other Yeast Derivatives 

by Species

• Saccharomyces Cerevisiae
• Kluyveromyces
• Saccharomyces Boulardii
• Others

by Application

• Bakery Production
• Flavoring
• Beverage Production
• Health & Nutritional
• Animal Feed
• Biofuels

by Industry

• Food
  • Bakery
  • Functional Food
  • Savory
  • Others
• Beverages
• Feed
• Others

by Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Rest of the World
  • Latin America
  • Middle East and Africa       

Key questions answered in Specialty Yeast Market report:

Growing food and beverage industry to drive the adoption of specialty yeast

• How does the adoption of specialty yeast in food and beverage industry differ from the adoption in feed industry?
• What impact does this have on the adoption of specialty yeast in comparison to other application segments?
• Which are the high growth market segments in terms of typesand regions/countries?

The European specialty yeast market favors both larger and local manufacturers that compete in multiple segments

• Who are the top competitors in this market and what strategies do they employ to gain shares?
• What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
• What are the major drivers, restrains, trends, and opportunities in the global specialty yeast market?
• Who are the major players in various countries and what share of the market do they hold?
• What are the geographical trends and high growth regions/ countries?

Recent new product launches, partnerships, mergers & acquisitions, and expansions taken place in the specialty yeast market

• What companies have recently merged/acquired in various countries across the globe and how will these unions affect the competitive landscape of the specialty yeast market?
• Which companies have created partnerships and how will these partnerships promote a competitive advantage?
• Who are the major players in the global specialty yeast market and what share of the market do they hold?
• Who are the local emerging players in the specialty yeast market and how do they compete with the global players?