According to a new market report published by Lucintel, the future of the yeast ingredient market looks promising with opportunities in the food, feed & pet food, and pharmaceutical industries. The global yeast ingredient market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are rising effect of busy lifestyles in developing countries that has resulted in the increased demand for processed food & beverages and use of yeast ingredients for making in-situ flavors, savory aroma, and enhance the taste, which results in increased palatability.
To download report brochure, please go to https://www.lucintel.com/yeast-ingredient-market.aspx and click "download brochure" tab from the menu
Yeast ingredients are substances used for fermentation of food products. In this market, yeast extract, autolyzed yeast, yeast cell wall, and yeast-based flavor are the major types of yeast ingredient. Lucintel forecasts that yeast extract will remain the largest type segment over the forecast period, as there is an increase in consumer preference for savory food products and flavors.
Within this market, food will remain the largest segment by application over the forecast period due to increasing health consciousness and fast-evolving indulgence by consumers, which are driving the demand for low-salt, low-fat, and no-glutamate food products. Manufacturers of processed food products are targeting consumers with better-for-you low-salt products to boost sales in a stagnating and matured yeast ingredient market.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing population, rising income, increasing urbanization, and growing demand for processed food products in the developing countries, such as India, and China.
Associated British Foods, Kerry Group, Koninklijke DSM, Sensient Technologies, Angel Yeast, Lesaffre, LALLEMAND, Leiber, Synergy Flavors, and BELDEM are among the major suppliers in the global yeast ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global yeast ingredient market by type, application, source, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Yeast Ingredient 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 ingredient market by type, application, source, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Yeast Extract
Autolyzed Yeast
Yeast Cell Wall
Yeast-Based Flavor
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food
Feed & Pet Food
Pharmaceuticals
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
Baker’s Yeast
Brewer’s Yeast
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150 page 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
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.