Specialty Yeast Global Market Report 2024 - By Trends, Size, Share, Demand, Outlook By 2033

The specialty yeast market size has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in food and beverage industry, expansion of bioethanol production, animal nutrition industry growth, demand for gluten-free products, globalization of food supply chains.

The specialty yeast market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to plant-based protein trends, focus on sustainable practices, emergence of alternative proteins, expansion of craft brewing, prebiotics and digestive health, health-conscious consumer base.. Major trends in the forecast period include clean label and natural ingredients, advancements in yeast biotechnology, customized yeast solutions for food industry, research on yeast-based nutraceuticals, technological advancements.

Market Overview -
Specialty yeast refers to the yeast that is created by breaking down the proteins found in fresh yeast that is used in a variety of foods and items. These are extracted from naturally occurring proteins, amino acids, carbohydrates, vitamins, and minerals.

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Rising Alcoholic Beverage Consumption Drives Specialty Yeast Market
Increasing consumption of alcoholic beverages is expected to contribute to the growth of the specialty yeast market going forward. Alcoholic beverages are used to maintain optimum temperature, viscosity, and pressure during the production of alcoholic beverages. Specialty yeast is frequently employed in food and beverage such as alcoholic beverages to improve flavor, and fermentation which raises consumer demand for food items and expands the number of food and beverage production facilities, as a result, increasing consumption of alcoholic beverages increases the demand for specialty yeast market. For instance, in December 2021, according to IWSR Drinks Market Analysis Limited, a UK-based media company, the online sales of alcoholic beverages from grocery stores are expected to reach $ 42 billion by 2025. Therefore, the rise in the consumption of alcoholic beverages drives the specialty yeast market.

Competitive Landscape -
Major companies operating in the specialty yeast market report are Associated British Foods plc, Archer-Daniels-Midland Company, Lallemand Inc., Chr. Hansen Holding A/S, Kerry Group plc, Angel Yeast Co. Ltd., Biorigin SAS, Leiber GmbH, Synergy Flavors LLC, Aria Ingredients Inc., Halcyon Proteins Pty. Ltd., Agrano GmbH & Co. KG, AEB Group S.r.l., Jeevan Biotech Pvt. Ltd., Titan Biotech Ltd., Koninklijke DSM N.V., Levex Chemicals Inc., Lesaffre Group, Alltech Inc., Kemin Industries Inc., Beldem B.V., DSM Food Specialties B.V., A.G. Scientific Inc., Anchor Yeast Co. Ltd., Bacchus Yeast Co. Ltd., Bakers Yeast Co. Ltd., Best Flavors Inc., Cargill Incorporated, Ceres Inc., ConAgra Brands Inc., Corbion plc, CSM Bakery Solutions, Dairytech Inc.

Innovative Products Driving Specialty Yeast Market Growth
Innovative products are the key trend gaining popularity in the specialty yeast market. Major companies operating in the specialty yeast market are developing innovative specialty yeast. For instance, in January 2022, Ohly, a Germany-based manufacturing company, launched a yeast-based chicken flavor enhancer named OHLY SAV-R-MEAT PBD. This enhancer delivers a juicy and dark-meat chicken flavor with a high umami impact. It is specially designed for low-sodium meat applications and takes inspiration from traditional cooking methods. OHLY offers a variety of yeast-based ingredients, including those derived from peas and beans, yeast extracts, and enzymes that improve protein taste and functionality.

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Key Segments -
The specialty yeast market covered in this report is segmented -
1) By Type: Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Other Type
2) By Species: Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Other Species
3) By Application: Food, Beverages, Feed, Other Application

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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