Yeast Extracts Market - Forecast (2021 - 2026)

Yeast Extracts Market Overview

The proactive interest shown by people towards international cuisines and culinary trends, and the increased demand for health and wellness food products are boosting the growth of the Yeast Extracts market. Yeast extracts are used as food additives. They are mostly found in packaged foods such as frozen meals, crackers, snacks, gravy, stock, and others. Due to their free flowing and hygroscopic properties, yeast extracts are finding a wide range of applications. The global Yeast Extracts market is estimated to grow at a CAGR of 6.1% during the forecast period 2018-2023. APAC is forecast to the fastest growing market with a CAGR of 7.5%, which is mainly attributed to the growing demand for natural and nutritional yeast extracts from the food and cosmetics industries in this region.

Yeast Extracts Market Outlook

Yeast extracts are fermented foods that contain concentration of yeast cells. Yeast extracts result from the natural breakdown of yeast cells when heated. They are used as flavor enhancers in foods and are often used to create savory flavors and umami taste sensations. Although yeast extracts are not made up of any animal ingredients, the taste is similar to that of a meat bouillon because many of the same taste-giving amino acids are present in both yeast extracts and meat bouillons. According to IndustryARC findings, Baker’s yeast is the major source of origin for yeast extracts and finds applications in bakery products such as bread, pasta, savory snacks, and others.
Yeast extracts market report comprises of pricing analysis for different types of yeast extracts by each geographic region. The price of yeast extracts used in food applications is highest in the Europe at nearly $7,000/ton.


Yeast Extracts Market Growth Drivers

The growing utilization of yeast extracts in the food, pharmaceutical, and cosmetics industries is resulting in significant growth in yeast extracts market across the globe. As yeast extracts are rich sources of proteins, vitamins, and minerals, they are used as an active ingredient in many culinary applications. The growth of the market is also attributable to the changing lifestyles and growing demand for organic, healthier, and clean-labelled products.


Yeast Extracts Market Challenges

The high initial cost requirements associated with setting up of yeast extract production plants and other infrastructure is limiting the growth of the market. Furthermore, the regulatory issues related to addition of yeast extracts to food and feed products as ingredients or flavoring agent is also restricting the market to grow. However, the potential benefits of yeast extracts over its GMO counterparts is likely to oust this limitation in near future.


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Location: United States

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