Yeast Extract Market Analysis by Industry Perspective Comprehensive Analysis Growth and Forecast 2020-2027

The yeast extract 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 Insight Partners published an In-depth Analysis report on "yeast extract Market Forecast to 2027". yeast extract market research report you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting industry associated stakeholders. This also offers 6-7 Year industry Performance Predictions & Competitive Landscape Reporting.

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Company Profiles:

Kerry Group
Angel Yeast Co., Ltd.
BioOrigin
DSM
LALLEMAND, INC.
LEIBER GMBH
Titan Biotech
Synergy Flavors
Ohly
Ajinomoto Co. Inc.
Lesaffre
Specialty BioTech

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.

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.

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Global Yeast Extract Market, by Technology

• Autolyzed
• Hydrolyzed

Global Yeast Extract Market, by Form
• Powder
• Paste
• Liquid

Global Yeast Extract Market, by Application
• Food & Beverages
• Animal Feed
• Pharmaceuticals

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.

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