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Leading participatory firms in the yeast extract market include :
Companies operating in the market have been focusing on adopting new expansion strategies to gain a competitive edge over their counterparts. For instance, in September 2021, Kohjin Life Science announced the expansion of its production capacity at the Saiki factory. The company increased its fermented product production capacity by 1.5 times its existing capabilities to suffice the increasing demand.
The autolyzed yeast market is estimated to record a valuation of over USD 2 billion by 2032, given the increasing utilization of autolyzed yeast extract as a flavor enhancer in a range of processed food items.
The market size of yeast extract exceeded USD 1.6 billion in 2022 and is poised to depict over 5.5% CAGR from 2023 to 2032, given the positive outlook of the food & beverages sector worldwide.
The yeast extract industry size from the bakers yeast segment is slated to grow at over 5.5% CAGR between 2023 and 2032, attributed to a noticeable rise in bakery consumption across countries such as India and China and the subsequent growth in product demand for several bakery applications.
The market for yeast extract in Europe is anticipated to witness over 4.5% CAGR through 2032, credited to expanding dairy industry and the rising demand for animal feed across the region.