Yeast Extract Market: How It Will Witness Substantial Growth In The Upcoming Years? | Grand View Research, Inc. 1
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Yeast Extract Market Size, Share & Trends Analysis Report By Application (Animal Feed, Food & Beverages), By Technology (Autolyzed, Hydrolyzed), By Form, By Region, And Segment Forecasts, 2020 – 2027

The global yeast extract market size is projected to reach USD 2.1 billion by 2027 registering a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The increasing demand for natural ingredients in the food & beverage industry will boost the market growth. Furthermore, yeast extracts are a dominant substitute for MSG in the food & beverage industry, thereby is expected to increase market penetration over the projected period.

Yeast extracts are majorly utilized in food & beverage applications and thus, this application segment is projected to lead the market at a steady CAGR from 2020 to 2027. Growing awareness about nutritional diet and its health benefits along with rising purchase parity have resulted in the growing consumption of healthy and processed food products. The market is highly competitive, in terms of product innovation and investments.

Key companies in the market have been spending more on research & development activities to gain a competitive edge. Moreover, most of the companies are focusing on M&A to strengthen their industry position and expand global reach. For instance, in February 2018, Lesaffre Group announced the acquisition of Alltech’s yeast extract facility in Serbia, to establish its operations in Serbia.

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U.S. yeast extract market size, by form, 2016 - 2027 (USD Million)


Yeast Extract Market Report Highlights

  • In terms of revenue, animal feed application is projected to ascend at the fastest CAGR of 6.8% over the forecast period
  • This growth is attributed to increased demand for nutritional yeast extract used as supplements in animal feeds owing its relatively high amino acid, energy, protein, and micronutrient content compared with low oilseed meals and feed grains
  • yeast extract is extremely versatile for food production. It is used to season sauces, bouillons, soups, savoury snacks and ready meals. It not only complements the savoury taste of Meat and fish dishes, but it is also perfect for preparing vegetarian dishes as it is free from animal ingredients but still provides a meaty taste. Asia Pacific is expected to witness fastest growth at a CAGR of 8.4% from 2014 to 2020
  • Asia Pacific is expected to witness the fastest CAGR from 2020 to 2027 owing to rapidly expanding end-use industries, including animal feed, pharmaceuticals, and food & beverages
  • Moreover, improved living standards in the developing economies of APAC have resulted in augmented consumption of healthy and nutritional foods, thus boosting the product demand

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Global yeast extract market share, by application, 2019 (%)

Yeast Extract Market Segmentation

Grand View Research has segmented the global yeast extract market on the basis of technology, form, application, and region:

Yeast Extract Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Autolyzed
  • Hydrolyzed

Yeast Extract Form Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Powder
  • Paste
  • Flakes

Yeast Extract Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Food & Beverages
  • Animal Feed
  • Pharmaceuticals
  • Others

Key Topic Covered

Chapter 1. Methodology and Scope
                    1.1. Market Definition, Segmentation & Scope
                    1.2. Information Procurement
                         1.2.1. Purchased Database
                         1.2.2. GVR’s Internal Database
                         1.2.3. Secondary Technology
                         1.2.4. Third-Party Perspective
                         1.2.5. Primary Research
                    1.3. Information Analysis & Data Analysis Models
                    1.4. List to Data Technology
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Market Variables, Trends, & Scope
                    3.1. Industry Lineage Outlook
                         3.1.1. Market Lineage Outlook
                         3.1.2. Related Market Outlook
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industrial Value Chain Analysis
                         3.3.1. Raw Material Trends
                         3.3.2. Sales Channel Analysis
                    3.4. Technology Overview
                    3.5. Regulatory Framework
                         3.5.1. Product Classification Codes
                         3.5.2. Standard & Compliances
                         3.5.3. Safety
                    3.6. Market Dynamics
                         3.6.1. Market Driver Analysis
                         3.6.2. Market Restraint Analysis
                         3.6.3. Industry Challenges
                    3.7. Business Environment Analysis: Yeast extract market
                         3.7.1. Industry Analysis – Porter’s
                         3.7.2. PESTEL Analysis
                    3.8. Market Entry Strategies
Chapter 4. Yeast Extract Market: Technology Estimates & Trend Analysis
                    4.1. Definition & Scope
                    4.2. Technology Movement Analysis & Market Share, 2019 & 2027
                    4.3. Global Market Size & Forecasts And Trend Analysis By Technology, 2016 to 2027
                         4.3.1. Autolyzed Yeast
                             4.3.1.1. Market estimates and forecast, 2016 – 2027 (Kilotons) (USD Million)
                         4.3.2. Hydrolyzed Yeast
                             4.3.2.1. Market estimates and forecast, 2016 – 2027 (Kilotons) (USD Million)

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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