Yeast Extract Market: (2024-2032) Industry Trends, Share, Size, Growth, Opportunity, and Forecast

Yeast Extract Market Size Was Valued at USD 4.6 Billion in 2023, and is Projected to Reach USD 8.6 Billion by 2032, Growing at a CAGR of 7.2% From 2024-2032.

Yeast extract is a clean-label ingredient found in a variety of goods, including soups, sauces, ready-to-eat meals, and savory snacks. The product in issue is made from fresh yeast, which is also used to prepare wines and make beers and bread. The ingredient is known for its unique, delicious flavor and is used as a seasoning agent to improve the flavor of many different dishes.Yeast extract is mostly used in restaurants and in the manufacturing of food and beverage items as a taste enhancer. It can be used to improve the flavor of a variety of dishes and drinks as well as seasonings, meat products, sauces, soups, snacks, and other culinary items. The food services industry is experiencing rapid growth, and leading food processing companies are indicating more and more that they want to enter emerging markets like China and India. This suggests that the market has a really good possibility of growing.

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Leading players involved in the Yeast Extract Market include: 

  • Lesaffre (France)
  • AngelYeast Co., Ltd (China)
  • Halcyon Proteins, (Australia)
  • Biospringer. (France)
  • Thai Foods International (Thailand)
  • Alltech (U.S.)
  • Synergy Flavors (U.S.)
  • Lallemand, Inc. (Canada)
  • Ohly (Germany)
  • Leiber GmBH (Germany)
  • Other Key Players

Introspective Market Research specializes in delivering comprehensive market research studies that provide valuable insights and strategic guidance to businesses worldwide. Our reports draw data from diverse and solid primary and secondary sources. By utilizing industry-standard tools like Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis, we enhance the comprehensiveness of our evaluations.

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 By Type

  • Autolyzed
  • Hydrolyzed

By Application

  • Food and Beverages
  • Animal Feed
  • Pharmaceuticals

This record provides a comprehensive Summary of a company profile of players and international Market's arena. Utilizing industry standard tools and analysts at the report, analysis quantify weaknesses and threats in businesses. The industry report covers all crucial parameters like product creation, market plan for businesses and market and development specialist perspectives, sales creation, the research and market share.

By Regions: - 

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

 

Key Industry Developments in the Yeast Extract Market:

  • In July 2021, Biospringer, which is a company of Lesaffre, unveiled plans that sought to increase the capacity of the yeast extract manufacturing plant in Cedar Rapids, Iowa, United States. Biospringer, a subsidiary of Lesaffre, provides a comprehensive array of yeast ingredients which are instrumental in performing to various requirements within the food and beverages sector. The investment in question is expected to fit the current market trend which is observing a relatively high need for natural-origin ingredients produced from the fermentation process.

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Ayushi Patil

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