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Global Bakers’ Yeast Extract Market size is predicted to reach $1.7 billion by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The growing consumer preference for natural and clean-label food products, along with the rising application of yeast extract in various culinary products, is poised to propel the Bakers’ Yeast Extract market growth, finds IndustryARC in its recent report, titled “Bakers’ Yeast Extract Market – By Form (Liquid Yeast, Fresh Yeast, Crumbled Yeast, Active Dry Yeast, Instant Dry Yeast, Frozen Semi Dry Yeast, Genetically Modified Yeast, and Others), By Application (Food – {Alcoholic Beverages, (Brewing and Wine Making), Non-Alcoholic Beverages, Nutritional Supplements, Canned and Frozen Foods, Bakery/Snacks & Savory, Others}, Pharmaceuticals, Bio Fuels, Animal Feed and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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Asia Pacific to Register Highest Growth:
In 2023, Asia Pacific emerged as the second largest region in the Bakers’ Yeast Extract market, holding a leading market share of 32%, surpassing Europe and North America. This growth is driven by the region’s expanding food and beverage industry, increasing consumer demand for natural ingredients, and the rising popularity of bakery products. The region’s diverse culinary applications and growing emphasis on healthier food options are contributing to the robust market expansion in Asia Pacific.
Bakers’ Yeast Extract Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
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CAGR |
4.9% |
|
Market Size in 2030 |
$1.7 billion |
|
Segments Covered |
By Form, By Application, and By Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. Kerry Group PLC 2. Synergy Ltd. 3. Associated British Foods PLC 4. DSM 5. Angel Yeast Co. Ltd 6. Lesaffre Yeast Corporation 7. Lallemand Inc. 8. Alltech Inc. 9. Wyeast Laboratories Inc. 10. Danisco A/S |
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Bakers’ Yeast Extract Market Report – Key Takeaways:
The Bakers’ Yeast Extract market is witnessing a surge in demand for advanced forms such as liquid yeast, active dry yeast, and genetically modified yeast. These forms are designed to enhance the efficiency, flavor, and nutritional profile of food and beverage products. Innovations in yeast extract production are enabling better fermentation processes and product stability. This growing utilization of advanced yeast forms across various applications, from bakery and brewing to nutritional supplements, presents significant business opportunities for manufacturers and suppliers in the market.
The increasing health consciousness among consumers is driving the demand for Bakers’ Yeast Extract in nutritional supplements. Rich in essential nutrients such as proteins, vitamins, and minerals, yeast extracts are becoming popular as a natural ingredient in dietary supplements. The trend towards functional foods and the rising interest in immune-boosting ingredients are further fueling this demand. Companies that focus on developing high-quality, nutrient-dense yeast extract products are well-positioned to capture a growing market segment. As consumers continue to seek out natural and health-enhancing ingredients, the use of Bakers’ Yeast Extract in nutritional supplements is set to expand.
Bakers’ Yeast Extract is increasingly being used in the food and beverage industry, particularly in the production of alcoholic beverages like brewing and winemaking, as well as non-alcoholic beverages, canned and frozen foods, and bakery products. The ability of yeast extracts to enhance flavor, improve texture, and extend shelf life makes them a valuable ingredient in various culinary applications. The rising trend of clean label products and consumer preference for natural flavors and additives are driving this growth. Companies that innovate in yeast extract formulations and applications can leverage this opportunity to meet the evolving demands of the food and beverage industry.
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Key Opportunity Analysis:
Growth in Functional Foods and Nutritional Supplements
The rising consumer focus on health and wellness is driving growth in the functional foods and nutritional supplements sector. Bakers’ Yeast Extract, known for its rich content of proteins, vitamins, and minerals, is increasingly sought after for its health benefits. This trend is evident in the growing demand for supplements that support digestive health, immune function, and overall well-being. Companies that innovate in formulating yeast extract-based supplements and functional food products can capitalize on this burgeoning market. Investing in research to enhance the health benefits of yeast extract and aligning with consumer health trends will offer significant growth opportunities in this sector.
Expansion in the Brewing and Winemaking Industries
Bakers’ Yeast Extract plays a crucial role in brewing and winemaking processes by improving fermentation efficiency and flavor profiles. The expansion of the craft brewing industry and the increasing popularity of artisanal wines are fueling demand for high-quality yeast extracts. As these industries grow, there is a rising need for advanced yeast extracts that can deliver consistent and desirable fermentation results. Companies that focus on developing specialized yeast products for these applications can benefit from this growth. By catering to the specific needs of brewers and winemakers, businesses can enhance their market presence and tap into new revenue streams.
Advancements in Biotechnological Applications
The advancement of biotechnological applications is creating new opportunities for Bakers’ Yeast Extract. Innovations in biotechnology are enabling the development of genetically modified yeast strains that offer enhanced performance and specific functionalities for various industrial applications. These include improved enzyme production, biofuel generation, and pharmaceutical manufacturing. Companies that invest in biotechnological research and development to create advanced yeast strains can gain a competitive edge in the market. Embracing these technological advancements and exploring new applications will position businesses to leverage emerging opportunities and drive growth in the Bakers’ Yeast Extract sector.
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The report also covers the following areas:
Bakers’ Yeast Extract Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Bakers’ Yeast Extract Market:
The Global Bakers’ Yeast Extract Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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