According to a new market report published by Lucintel, the future of the yeast and yeast extract market looks promising with opportunities in the food & beverages, animal feed, and biofuel market. The global yeast and yeast extract market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are growth of the bakery industry, increase in demand for convenience food products, positive growth trend in alcoholic beverages consumption, growth in demand for bioethanol as a fuel, and increase in demand for specialty yeast products.
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In this market, autolyzed and hydrolyzed are two yeast extract technology used in a wide range of industries. Lucintel forecasts that autolyzed technology will remain the largest segment due to its distinguished taste in various food applications such as bakery products.
Within the yeast and yeast extract market, food and beverage will remain the largest application and witness the highest growth during the forecast period due to increasing usage in the bakery applications
North America will remain the largest region the forecast period due to rising demand for the bakery products and alcoholic beverages in the region among the consumers.
ABF Group, Angel Yeast, BioSpringer, Chr. Hansen, DSM, Kerry Group, Kohjin Life Sciences, Lallemand, Leiber, Synergy Flavors, and Oriental Yeast are among the major yeast and yeast extract manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global yeast and yeast extract market by product type, application, technology, form, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Yeast and Yeast Extract Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global yeast and yeast extract market by product type, application, technology, form, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Baker's Yeast
Brewer's Yeast
Wine Yeast
Feed Yeast
Others
By Application [$M shipment analysis for 2014 – 2025]:
Food & Beverages
Bakery & Confectionery
Beverages
Others
Animal Feed
Biofuel Industry
Others
By Technology [$M shipment analysis for 2014 – 2025]:
By Form [$M shipment analysis for 2014 – 2025]:
Fresh Yeast
Active Dry Yeast
Instant Yeast
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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