Yeast Extract Market Analysis

The autolyzed yeast extract segment will reach USD 2 billion by 2032, given the widespread usage of autolyzed yeast as a flavor enhancer in various processed foods, including sauces, soups, and meats. The steady rise in demand for ready-to-eat and frozen food, owing to the adoption of unhealthy lifestyles and hectic schedules, mainly in North America and Asia Pacific. Besides, the increasing utilization as a nutrient for microorganisms and an ingredient for pet food will drive the market revenue.

The yeast extract market share from the baker's yeast segment is poised to witness over 5.5% CAGR through 2032. Baker's yeast is composed of nutrients, such as amino acids, trace elements, peptides, nucleotides, and vitamins, required for microorganism metabolisms and growth. A recognizable rise in bread consumption, mainly in China and India, may drive product demand in bakery applications. Favorable regulatory norms by the FDA regarding the use of baker’s yeast extract in food ingredients will favor the industry growth.

The yeast extract market value from the food & beverages application segment is slated to surpass USD 1.7 billion by 2032. Across the food industry, yeast extract finds widespread utilization as a replacement for monosodium glutamate (MSG) due to its non-toxicity and additional health benefits. The flourishing convenient and processed food market, especially across developed economies due to expanding working population and adoption of a fast-paced lifestyle.

Europe yeast extract market size is predicted to grow at 4.5% CAGR during the forecast timeline, credited to the positive outlook of the dairy industry and the subsequent growth in demand for animal feed across several European economies. Favorable government norms led by the EU Commission regarding the clean labeled status of yeast extracts will further strengthen the industry revenue in this region.