Baker’s Yeast Extracts Market size is estimated to reach $1.3 Bn by 2025 and is poised to grow at a CAGR of 5.1% during the forecast period 2020-2025. Baker’s Yeast extract is made from the cell contents of yeast without cell walls. Yeast is a microscopic, single-celled versatile organism that belongs to the fungi kingdom. It is widely used in the bakery products and baking bread for fermentation. This is the common name for a partially manufactured thick, solid yeast product obtained from cell content extraction. The products based on technology that are automatically hydrolyzed and decomposed are used prominently and are available in various forms such as active dry yeast and instant yeast. The upsurge in the consumption of the functional foods and growing demand for the bakery products across the globe is projected to fuel the growth of the Global Baker’s Yeast Extracts Market over the forecast years 2020-2025.
Baker’s Yeast Extracts Market Segment Analysis – By Technology
The global Baker’s Yeast Extracts Market based on Mode of Technology, can be further segmented into Autolyzed, Hydrolyzed. Autolyzed segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. This is owing to the distinct taste of autolyzed yeast extracts in different bakery products, soups and dressings, these extracts are a rich source of micro-nutrients and B vitamins. Moreover, the growing demand for the natural food ingredients and the clean label products is driving the autolyzed segment. However, the cost effectiveness of autolyzed technology is estimated to boost the demand for the segment over the forecast period 2020-2025.
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Baker’s Yeast Extracts Market Segment Analysis – By Form
The global Baker’s Yeast Extracts Market based on Mode of Form, can be further segmented into Liquid, Paste, and Powder. The Powder segment registered for highest revenue in 2019 and projected to grow at the highest CAGR of 5.7% during the forecast period 2020-2025 owing to its wide utilization in numerous bakery products. The powder form is a natural flavor enhancer or flavoring agent, which is used as an MSG replacement. It is also used as a nutrient for bacterial culture media, which is driving the segment.
Baker’s Yeast Extracts Market Segment Analysis – By Geography
The global Baker’s Yeast Extracts Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Europe registered for the highest revenue share of 34.7% in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025 owing to the owing to the growing urbanization, changing lifestyle, surge in consumer preference for natural ingredients, increasing demand for baked food products, and extensive usage of organic yeast extracts in the baked goods among consumers in the region. Moreover, increasing demand for the use of yeast extracts in ready-to-eat baked products owing to shifting dietary preferences across the region is poised to fuel the demand of the market. However, Asia-Pacific is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the consumer inclination for high-quality bakery products.
Baker’s Yeast Extracts Market Drivers
Rise in Demand
The increasing demand for yeast extract for bakery products is primarily attributed to the prevalence of sensitivity to MSG in the population. This demand is owing to its enhanced use in the manufacture of functional and bakery products owing to the salt reducing properties that replace MSG. Moreover, the upsurge in the consumption of the functional foods and growing demand for the bakery products across the globe is projected to fuel the growth of the Global Baker’s Yeast Extracts Market over the forecast years 2020-2025.
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Baker’s Yeast Extracts Market Challenges
High Initial Investment
The high initial cost requirements associated with the setting up of yeast extract production plants and the other infrastructure is acting as a challenge for the growth of the market. However, the regulatory issues related to the addition of yeast extracts to bakery products as ingredients or flavoring agent is also acting as one of the restraint factors in the Baker’s Yeast Extracts market during the forecast period 2020-2025.
Baker’s Yeast Extracts Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Baker’s Yeast Extracts Market. Key companies of this market Lesaffre, AB Mauri, Lallemand, Heilongjiang Jiuding Yeast, Leiber, Pakmaya, Alltech, DCL Yeast, National Enzyme, Kerry Group, Guangxi Forise Yeast, Dalian Xinghe Yeast, and Angel Yeast.
In June 2020, Lesaffre group announced that it has acquired a majority shareholding in Biohymn, a Chinese company specialized in the production of baker’s yeast and yeast extracts.
In June 2019, Associated British Foods plc has acquired Yihai Kerry Arawana Holdings Co Ltd announced to form a 50:50 joint venture. The joint venture has built a new yeast plant in Qiqihar City, China, significantly increasing production capacity.
Geographically, the Europe area is poised to see extraordinary development owing to the extensive usage of organic yeast extracts in the baked goods among consumers in the region and is set to continue during forecast period 2020-2025.
The global demand for the Baker’s Yeast Extracts Market is owing to the rising demand for the bakery products among the consumers around the globe.
The high initial investment requires for setting up of yeast extract production plants is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Baker’s Yeast Extracts Market report.
Related Reports :
A. Yeast Extracts Market
B. Yeast Ingredients Market
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