Yeast Extract Market size to cross $2.8 Bn by 2032

Yeast Extract Market size is projected to reach USD 2.8 billion by 2032, according to a new research report by Global Market Insights Inc.
 

As per the report, the extensive utilization of yeast extract as an alternative to Monosodium Glutamate (MSG) will play a critical role in enhancing market performance during 2023-2032. Yeast extract is specified as a natural ingredient on food labels, therefore, finding widespread usage in a variety of processed foods as an alternative to MSG as a taste booster. The product has a distinctive taste due to the presence of amino acids and peptides formed by the autolysis of yeast protein. This makes it ideal for usage in a range of food items ranging from sauces & soups to canned fish and meats, which will enhance market performance during the estimated timeframe.
 

Hydrolyzed yeast extract to witness increased demand due to its appreciable skincare benefits

In terms of technology, the yeast extract market share from hydrolyzed yeast extract segment is poised to expand at 5% CAGR between 2023 and 2032. Hydrolyzed yeast extract has extensive usage in a range of food & beverage and animal feed applications. It is a complex ingredient comprising numerous beneficial substances for the skin, such as polysaccharides and oligosaccharides. Some of these are identical to hyaluronic acid, while others are soothing antioxidant beta-glucans, depicting exceptional moisturizing and anti-aging properties. A number of cosmetics and skincare brands are incorporating these in their products due to these attributes, thus, boosting product adoption.
 

Growing pharmaceutical usage to promote the adoption of brewer’s yeast

Based on the source, the yeast extract market from the brewer's yeast segment is expected to be worth USD 540 million by 2032. Brewer's yeast can cure diarrhea, swine flu, respiratory & heart diseases, and diabetes and is therefore used for making medicines, contributing to market demand. The rising product usage in swine, ruminant, and fish feed will positively influence the industry landscape.
 

Browse key industry insights spread across 344 pages with 388 market data tables and 49 figures & charts from the report, “Yeast Extract Market Size By Technology (Autolyzed Yeast, Hydrolyzed Yeast), By Source (Baker’s Yeast, Brewer’s Yeast, Torula Yeast), By Form, By Application (F&B [Soups, Processed Foods, Dairy Products, Bakery, Sauces & Savoury Flavours], Animal Feed, Pharmaceuticals), Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/yeast-extract-market
 

High nutritional composition to augment yeast extract usage in animal feed applications

Speaking of the application forefront, the yeast extract market from the animal feed application segmentis will witness over 5.5% CAGR from 2023 to 2032. Animal feed helps animals metabolize lipids, carbohydrates, and proteins, strengthening the digestive system while offering widespread protection against several diseases by stimulating the immune system. Yeast extracts impart meaty color and flavor in animal additives and have high nutritional value. This leads to high palatability in pet foods and stimulates fish & aquaculture growth, thus augmenting segment revenues.
 

Improving economic outlook to bolster yeast extract demand in the Asia Pacific

Asia Pacific yeast extract market is predicted to exceed USD 880 million by 2032. A consistent rise in disposable income, accompanied by increasing consumer awareness regarding nutritional and healthy food consumption, may drive regional growth. Additionally, a positive outlook towards the dairy and animal feed industry and rising concerns towards animal health, coupled with the increasing awareness among manufacturers about the nutritional benefits of yeast extracts.
 

Increased emphasis on capacity expansion to outline the competitive outlook

Some of the leading players in the yeast extract market include Biorigin, Biospringer, Angel Yeast, Lesaffre Group, DSM, Lallemand, Inc, Kerry Group, Leiber GmbH, Synergy Flavors, Oriental Yeast, Halcyon Proteins, Thai Foods International Co., Specialty Biotech, Alltech, Ohly, Sensient Technologies Corporation, Kohjin Life Science, AB Mauri, Titan Biotech Limited Company, Agrano GmbH & Co., Kothari Fermentation & Biochem Ltd. PAULA Ingredients and others.
 

Companies constituting the market's competitive landscape have been implementing several growth measures such as partnerships, mergers & acquisitions, collaborations, and new product development to strengthen their business standing. For instance, in January 2020, Lallemand acquired a new production site in Ontario, Canada. The site is present at the U.S. border and has the advantage of the North American Free Trade Agreement (NAFTA) between the U.S., Mexico, and Canada. This strategic initiative was established to cater to the rising demand for yeast extracts in North American markets.