The global YeastIngredients market size is expected to value at USD 2.38 billion by 2020. The market is subject to showcase a substantial growth due to the rise in use of yeast ingredients in the processed food and soft drink sectors, and numerous governmental regulation to promote use of yeast ingredients in the food industry. Varying food patterns, and rise in disposable income particularly in developed economies are some of the key factors responsible for boosting the growth of the market in coming years. Globally, the yeast ingredients market is predicted to grow at CAGR of 7.4% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.
Approval
from number of local as well as international agencies such as codex aliment
Arius and EPA that are responsible for setting up international food
regulations, set of standards and guidelines with regular quality checks such
as yeast extracts, which significantly contributes to expansion of the market in
different regions across the globe.
Other
factors responsible for boosting market growth are growing preference towards
consummation of the vegetarian foods and supplementing meat products by yeast
extracts in various sauces and soups. Application of yeast varies from
fermentation processes, baking, drugs, nutritious supplement, and cellular
genetics, are major factors associated with limited availability of yeast which
is a raw material for the production of yeast ingredients which limits the
growth of the yeast ingredients industry in recent years.
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Rising
adoption of the ready to eat food products by urban population is fueling
demand for the yeast extracts in urban market in recent years. Additionally,
major preference towards non-animal protein in feeds is on the rise which is
propelling growth of the market. Furthermore, numerous initiatives by local
governments and growing advertisement by industry players to include the yeast
ingredients in the packaged food products, animal feeds, and other applications
are substantially contributing to the advancement of the yeast ingredients
market over forecast period. For example, European Association for Specialty
Yeast Products (EURASYP) has created numerous programs to spread awareness
among European nations about the benefits provided with addition of yeast
extract in the food sector.
Yeast
ingredients consists of amino acids, proteins, essential vitamins, and minerals
which are vital in food and protein supplements. Yeast ingredients contains a
similar taste to the meat broth due to presence of amino acids and its unique
characteristics taste. With growing demand of organic products is driving wide
use of yeast extracts in food industry. Furthermore, major emphasis on the
consummation of food products with high nutritional value by consumers in developed
economies are propelling growth of the yeast ingredients industry during the
forecast period.
Yeast
extract is produced from fresh yeast with least amount of processing. Yeast is
organic compound and vital for the production of the bread, beer and wine.
Yeast extract contains a fine blend of organic elements coupled with essential
vitamins and proteins. Yeast ingredients are free of any sort of food additives
and artificial substances.
The
yeast ingredients market is divided into regional market segment such as North
America, Europe, Asia-Pacific, Latin America and Africa. Europe and North
America have shown major growth in recent years owing to the rising adoption of
the yeast ingredient in pharmaceutical and food sector and presence of the
prominent players in the region. Asia-Pacific region is predicted to hold major
market share in the yeast ingredients industry with massive growth in forecast
period.
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Countries
such as India, China and Singapore are leading the Asia-Pacific market with
rising consummation of the nutritional food, growing health awareness,
substantial investment by the leading market players due to potential
opportunities in the region. The key players in the yeast ingredients industry
are ABF Ingredients, Angel Yeast Corporations, Anchor Yeast Co., AB Vista Co.,
Alltech Incorporations, F. Bio Springerk, Kerry Group Co., Lallem and
Incorporations.
Market
Segment:
Type
Outlook (Revenue, USD Million, 2012 - 2020)
• Yeast extracts
• Yeast autolysates
• Yeast beta-glucan
• Yeast derivatives
Application
Outlook (Revenue, USD Million, 2012 - 2020)
• Food
• Feed
• Others
Regional
Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• Latin
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