Yeast Extract Market to reach US$ 8,707.7 Mn by 2032 - Comprehensive Research Report by FMI

·7 min read

Yeast Extract Market - Analysis, Outlook, Growth, Trends, Forecasts

DUBAI, United Arab Emirates, Jan. 17, 2022 (GLOBE NEWSWIRE) -- The sales of Yeast Extract is estimated to be valued at US$ 4,318.0 Mn in 2022. As per Future Market Insights (FMI), the overall Yeast Extract Market value is expected to reach US$ 8,707.7 Mn by 2032, rising at a CAGR of 7.3% for 2022-32.

Attribute

Details

Market Size Value in 2021

USD 4,318.0 Mn

Market Forecast Value in 2032

USD 8,707.7 Mn

Global Growth Rate

7.3%

Forecast Period

2022-2032

Yeast products are mostly process-resistant, i.e., their composition does not get affected by processes when acid is introduced or during heating or freezing. This makes them appropriate for use in various applications across numerous industries such as food, beverages, cosmetics and personal care, nutraceuticals, pharmaceutical, and others. In the food and beverage industry, yeast extract is mainly used in soups, broths, fish, meat, analogue products, and seasonings.

Request for Report Sample - https://www.futuremarketinsights.com/reports/sample/rep-gb-10920

Diverse application of different types of yeast extracts is driving market growth, and, as such, the global yeast extract market is witnessing rising demand, as consumers seek healthy food products derived from natural sources. The global yeast extract market is anticipated to be valued at US$ 1.1 Bn in 2019. Future Market Insights, a reputed name in the market research industry, projects that, the yeast extract market is expected to experience a growth rate of more than 6% in terms of value during the forecast period of 2022-2032.

There is high demand around the world for natural food products over synthetic and chemical food products, to prevent increasing lifestyle diseases. Thus, many food manufacturers are changing their manufacturing patterns and including more natural ingredients in their final products. This is the main factor expected to lead to the positive growth of the yeast extract market over the coming years.

Key Takeaways from Yeast Extract Market Study

  • According to FMI study’s on the yeast extract market, consumers seek products that are healthy and derived from different natural sources. Yeast extract is a kind of healthy food additive, which matches the growing consumer interest supporting their healthy lifestyle and healthy food.

  • The yeast extract market has been segmented on the basis of grade, where food grade yeast extract holds a major share. However, over the course of the coming years, feed grade yeast extract is expected to experience high growth due to its increasing demand from the feed industry.

  • Among the end-use industries the food and beverage industry contributes around 36.4% share in the overall yeast extract market. Yeast extract is used in soups, processed food, dairy food, bakery products, sauces, savory flavors, non- alcoholic beverages, and alcoholic beverages. In addition to this, it finds application across various other industries, such as the cosmetic and personal care industry.

  • Asia Pacific dominates the global yeast extract market in terms of value share, with both, Latin America and Asia Pacific expected to experience a high growth rate over the forecast period. China, especially, is exhibiting rising demand for yeast extract, owing to increasing consumer demand for premium food products with high flavor and taste.

Yeast Extract Manufacturers Focusing on Product Innovation and Launches to Establish Strong Footprint

Manufacturers operating in the yeast extract are investing more in research & development activities to upscale their product innovation and improve their product portfolio. They are also focusing on increasing their sales footprint to serve consumers around the globe.

Yeast extract manufacturers are expanding their supply chain to meet the demand from various end-use industries such as food and beverages, animal feed, pharmaceuticals, microbial nutrients, cosmetic and personal care, and other industries.

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-10920

Find More Valuable Insights on Yeast Extract Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global yeast extract market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study divulges compelling insights on the yeast extract market based on grade (food and feed) end use (food and beverages, animal feed, pharmaceuticals, microbial nutrients, cosmetic and personal care, and other industries), across five major regions.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Scope of Report

Attribute

Details

Market Size Value in 2021

USD 4,318.0 Mn

Market Forecast Value in 2032

USD 8,707.7 Mn

Global Growth Rate

7.3%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Mn for Value

Key Regions Covered

North America, Latin America, Europe, Japan, APEJ and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, Australia and New Zealand, Japan, GCC countries, Ethiopia, North Africa, South Africa, others.

Key Market Segments Covered

Grade, End user, Region

Key Companies Profiled

  • Lesaffre Group

  • Kerry Group

  • Angel Yeast

  • Lallemand Inc.

  • Biospringer

  • Synergy Flavors

  • Thai Foods International Co.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-10920

Explore FMI’s Extensive ongoing Coverage on Food & Beverage Domain

No-fat Peanut Butter Market: According to Future Market Insights' latest report, the No-fat peanut butter market is expected to expand steadily between 2021 and 2031.

Vegetable Powders Market: According to the latest research by Future Market Insights, vegetable powders is set to witness steady growth during the forecast period 2021-2031.

Smoked Dextrose Market: According to the latest research by Future Market Insights, the smoked dextrose market is set to witness steady growth during the forecast period 2021-2031.

Smoked Condensates Market: According to the latest research by Future Market Insights, the smoked condensates market is set to witness steady growth during the forecast period 2021-2031.

Smoked Black Pepper Market: According to the latest research by Future Market Insights, the smoked black pepper market is estimated to grow at 5.8% CAGR during 2021-2031.

Seafood Flavours Market: According to the latest research by Future Market Insights, the seafood flavours market is set to witness steady growth during 2021-2031.

Savory Vegetable Flavours Market: According to the latest research by Future Market Insights, the savory vegetable flavours market is set to witness steady growth during the forecast period 2021-2031.

No-fat Cake Market: According to Future Market Insights' latest report, the no-fat cake market is expected to expand steadily between 2021 and 2031.

Low-fat and Low Cholesterol Diet Market: According to Future Market Insights' latest report, the low-fat and low cholesterol diet market is expected to grow gradually between 2021 and 2031

Low-fat and Low Protein Diet Market: According to the latest research by Future Market Insights, the Low-fat and low protein diet market is set to witness steady growth during 2021-2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/yeast-extract-market
Press Release Source: https://www.futuremarketinsights.com/press-release/yeast-extract-market