Yeast Extract Market Size 2024 to 2031.

Market Overview and Report Coverage

Yeast Extract is a flavoring agent derived from yeast, often used in various food products to enhance taste and aroma. It is rich in nutrients like vitamins, proteins, and minerals, making it a popular choice in the food industry. The Yeast Extract Market is expected to witness steady growth in the coming years, with a projected CAGR of 3.70% during the forecasted period.
One of the key factors driving the growth of the Yeast Extract Market is the increasing demand for natural and clean label ingredients in food products. Consumers are becoming more health-conscious and are seeking out products with natural flavor enhancers like yeast extract. Additionally, the rising popularity of plant-based diets is expected to further boost the demand for yeast extract, as it is a vegan-friendly ingredient.
Furthermore, the growing use of yeast extract in various applications such as soups, sauces, snacks, and seasonings is also expected to fuel market growth. Manufacturers are innovating and introducing new products with unique flavor profiles to cater to changing consumer preferences.
Overall, the future outlook for the Yeast Extract Market looks promising, with increasing demand driven by factors like the rise in health-conscious consumers and the growing popularity of plant-based diets.

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Market Segmentation
The Yeast Extract Market Analysis by types is segmented into:
• Yeast Extract Powder
• Yeast Extract Paste

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Yeast extract powder is a dried form of yeast extract that is granulated and easy to store and use in various food applications. Yeast extract paste, on the other hand, is a concentrated form of yeast extract that is typically used in smaller quantities to add flavor to soups, sauces, and dressings. Both types of yeast extract offer umami flavor and can enhance the overall taste of dishes, making them popular choices in the food industry.

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The Yeast Extract Market Industry Research by Application is segmented into:
• Meat Products
• Instant Noodles
• Soy Sauce
• Biscuits
• Others

Yeast extract is widely used in meat products to enhance flavor and improve texture. It is also a common ingredient in instant noodles to add savory notes and depth of flavor. In the soy sauce industry, yeast extract is utilized to intensify the umami taste. Additionally, it is incorporated into biscuits for its ability to enhance the overall taste profile. Yeast extract finds application in various other food products for its natural flavor-enhancing properties.

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In terms of Region, the Yeast Extract Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Yeast Extract market?
Some emerging trends in the global yeast extract market include the increasing demand for natural and clean label ingredients, as consumers become more conscious about the products they consume. Additionally, there is a growing interest in yeast extract as a plant-based protein alternative, particularly among vegetarians and vegans. Manufacturers are also innovating with new flavors and formulations to cater to changing consumer preferences. Furthermore, the rising popularity of fermented foods and beverages is driving the demand for yeast extract in various applications such as soups, sauces, snacks, and seasonings. Overall, the market is expected to continue growing as consumers seek healthier and sustainable food options.

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Major Market Players
Angel Yeast Co., Ltd is one of the leading players in the yeast extract market. The company was established in 1986 and has since then grown to become a major producer of yeast extract products. Angel Yeast focuses on research and development to create innovative yeast extract solutions for various industries including food, beverage, and pharmaceuticals. The company has seen significant market growth over the years and has established a strong presence globally.
DSM Food Specialties is another key player in the yeast extract market. The company is known for its high-quality yeast extract products that cater to the needs of the food industry. DSM Food Specialties has a long history of providing innovative solutions for food manufacturers and has a strong focus on sustainability and environmental responsibility.
Sensient BioNutrients is a well-known player in the yeast extract market, offering a wide range of natural ingredients for food and beverage applications. The company has a strong emphasis on clean label solutions and has seen steady market growth in recent years.
As for the sales revenue of these companies, Angel Yeast reported sales revenue of approximately $1.2 billion in 2020. DSM Food Specialties reported sales revenue of around $2.5 billion in the same year, while Sensient BioNutrients reported sales revenue of approximately $1.1 billion. These figures reflect the strong market presence and growth of these key players in the yeast extract market.

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