Yeast Extract Market : Industry Trends, Share, Size, Growth and Forecast 2027 | The Insight Partners

According to our latest market study on "Yeast Extract Market to 2027 - COVID-19 Impact and Global Analysis - by Technology (Autolyzed and Hydrolyzed), Form (Powder, Paste, and Liquid), and Application (Food & Beverages, Animal Feed, Pharmaceuticals, and Others)," the market was valued at US$ 1,450.57 million in 2019 and is projected to reach US$ 2,121.62 million by 2027; it is expected to grow at a CAGR of 4.8% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players, along with their developments, in the market.
Yeast extract is a type of food flavoring agent that is used to make beer and bread. The yeast extract is added to foods such as cheese and soy sauce to give them a savory flavor. The yeast extracts comprise cell contents of the yeast without the cell walls. The extract of yeast is also found in canned soups, frozen dinners, salty-snacks, and stews. The yeast extract does not contain any genetically modified organisms (GMO)-based ingredients, chemical substances, and synthetic additives or animal-derived ingredients. The yeast extract is a vital and rich source of amino acids, peptides, proteins, nucleotides, minerals, vitamins, and micro-nutrients.

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Yeast Extract Market: Competitive Landscape and Key Developments
Kerry Group, Angel Yeast Co., Ltd., BioOrigin, DSM, LALLEMAND, INC., LEIBER GMBH, Titan Biotech, Synergy Flavors, Ohly, Ajinomoto Co. Inc., Lesaffre, Specialty BioTech, Zhuhai TXY Biotech Holding Co., Ltd, Yantai Huahai Biochemical Product Co., Ltd., LEVEX, and Zhen-Ao Bio-Tech

There has been an increasing demand for natural food additives in the food & beverages industry in the recent years owing to the change in food preferences and adoption of healthy lifestyle among the younger population across the world. People suffering from health conditions are recommended to consume food items made from natural sources. As a result of environmental awareness, as well as the rise in trend of healthy food consumption led by young population, the consumers are demanding transparency regarding the source of raw materials and ingredients used for making a particular product while purchasing the same. Yeast extract is a key performant in processed food products, such as canned and frozen food variants, which makes it a product of interest for various manufacturers.

For instance, in December 2020, Biospringer introduced a new protein in a yeast extract form that is positioned as a highly nutritious, gluten-free, and vegan ingredient, especially designed as a cheese and meat substitute for vegan burgers, nuggets, and sausages. Moreover, in December 2019, Angel YE launched a natural flavor-enhancing solution in Europe, for plant-based foodstuffs and beverages. Various substitutes are available in the market to perform the functions of yeast extract, of which, a few solutions are relatively inexpensive. For instance, baking powder is one of the staple ingredients in a baker's pantry. The powder immediately reacts on exposure to liquid and heat. The baking powder when used and added with acid causes the same reactions as that of the yeast extract. Thus, the availability of substitutes for yeast extract is likely to hamper the growth of the yeast extract market.

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Impact of COVID-19 Pandemic on Yeast Extract Market

The COVID-19 pandemic began in Wuhan (China) in December 2019. As of March 2021, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 outbreak has affected economies and industries in various countries due to imposed lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the yeast extract market due to shutting down of factories, obstacles in supply chain, and downturn in world economy.

Yeast Extract Market: Segmental Overview

The report provides a detailed rundown of the industry after examining both qualitative and quantitative aspects. It also entails market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Yeast Extract Market for each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report includes the segmentation of the global yeast extract market as follows:

By Technology

• Autolyzed
• Hydrolyzed

By Form

• Powder
• Paste
• Liquid

By Application

• Food & Beverages
• Animal Feed
• Pharmaceuticals
• Others

By Geography

o North America
 US
 Canada
 Mexico
o Europe
 Germany
 France
 Italy
 UK
 Russia
 Rest of Europe
o Asia Pacific
 China
 Australia
 India
 Japan
 South Korea
 Rest of Asia Pacific
o Middle East & Africa
 South Africa
 Saudi Arabia
 UAE
 Rest of Middle East & Africa
o South America
 Brazil
 Argentina
 Rest of South America

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Our Sample Report includes a brief introduction of the research report, TOC, list of tables and figures, competitive landscape rundown and geographic segmentation overview, innovation and future developments based on research methodology.

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Yeast Extract Market in these regions. Report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.

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