Yeast Ingredients Market Size & Share, By Product (Yeast Extracts, Yeast Autolysates, Yeast Beta-Glucan Yeast Derivatives), Application (Food, Feed), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Yeast Ingredients Market crossed USD 2.83 Billion in 2023 and is expected to reach USD 5.24 Billion by end of the year 2032, witnessing more than 8.6% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 2.83 Billion
• CAGR (2024-2032): 8.6%
• Forecast Year Value (2032): USD 5.24 Billion
• Historical Data Period: 2019-2023
• Largest Region: Europe
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

One major growth driver for the yeast ingredients market is the increasing demand for natural and clean label ingredients in food and beverage products. Consumers are becoming more conscious about the ingredients they consume, leading to a higher demand for yeast-based ingredients as a healthier alternative.

Another significant growth driver is the rising popularity of plant-based diets and the growing awareness of the health benefits of yeast ingredients. Yeast-based products are often used as a substitute for animal-based ingredients, catering to the increasing number of consumers opting for plant-based diets.

The growing use of yeast ingredients in various applications such as bakery, beverages, and supplements is also driving the market growth. Yeast ingredients are known for their nutritional benefits and enhancing properties, making them a popular choice among food manufacturers.

Report Scope

Report Coverage	Details
Segments Covered	Product, Application
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	AngelYeast, ABF Ingredients, AB Vista, Lallemand, Alltech, BD, ECPlaza Network, Chr. Hansen Holding A/S, Cangzhou YaTai Commercial & Trade Co., Foodchem International, Kerry Group plc, Lallemand, Leiber, Lesaffre, ORGANOTECHNIE, DSM, SUBONEYO Chemicals Pharmaceuticals P Limited, Synergy Biotechnologies, Tangshan Top Bio-Technology

Industry Restraints:

One major restraint for the yeast ingredients market is the fluctuating prices of raw materials such as molasses and sugarcane, which are essential for yeast production. Any disruption in the supply chain or price volatility can impact the production cost of yeast ingredients, affecting the market growth.

Another significant restraint is the lack of awareness about the benefits of yeast ingredients among consumers and limited availability in some regions. This can hinder the market growth as companies may find it challenging to market yeast-based products and expand their customer base.

Regional Forecast:

North America is considered to be a key market for yeast ingredients, with the U.S. and Canada being major players in the region. The growing demand for natural and clean label ingredients in the food and beverage industry is driving the growth of the yeast ingredients market in North America. The U.S. is particularly witnessing a surge in demand for yeast ingredients due to the increasing adoption of plant-based and vegan diets among consumers.

Moving on to Asia Pacific, countries like China, Japan, and South Korea are experiencing rapid growth in the yeast ingredients market. The booming food processing industry in China is a major factor driving the demand for yeast ingredients in the region. Japan and South Korea are also significant markets for yeast ingredients, with a strong presence of key players in these countries.

In Europe, the United Kingdom, Germany, and France are leading markets for yeast ingredients. The increasing consumption of convenience and processed foods in these countries is fueling the demand for yeast ingredients in the region. The growing trend of using yeast ingredients as natural flavor enhancers and food preservatives is further propelling market growth in Europe.

Segmentation Analysis:

In terms of segmentation, the global yeast ingredients market is analyzed on the basis of Product, Application

Yeast Extracts:

The yeast extracts segment is expected to dominate the yeast ingredients market, driven by the increasing demand for natural flavor enhancers in the food industry. Yeast extracts are widely used in soups, sauces, snacks, and seasonings due to their savory taste profile. The growing trend of clean label products is also fueling the demand for yeast extracts in the food industry.

Yeast Autolysates:

Yeast autolysates are gaining traction in the yeast ingredients market, owing to their high protein content and nutritional benefits. Yeast autolysates are commonly used in animal feed to improve the overall health and performance of livestock. The rising awareness about animal nutrition and the need for sustainable feed solutions are driving the growth of the yeast autolysates segment.

Yeast Beta-Glucan:

Yeast beta-glucan is witnessing significant growth in the yeast ingredients market, attributed to its immune-boosting properties and health benefits. Yeast beta-glucan is utilized in functional foods, dietary supplements, and pharmaceuticals to support immune system function and overall well-being. The increasing focus on preventive healthcare and wellness is driving the demand for yeast beta-glucan in various applications.

Yeast Derivatives:

The yeast derivatives segment is expected to experience steady growth in the yeast ingredients market, supported by their multifunctional properties and applications in the food and feed industries. Yeast derivatives such as yeast cell walls and yeast protein are used as natural preservatives, flavor enhancers, and nutritional supplements in various food products. The growing emphasis on clean label ingredients and sustainable production practices is fueling the adoption of yeast derivatives in the market.

Competitive Landscape:

The global yeast ingredients market is highly competitive, with several key players dominating the industry. These companies are constantly innovating and introducing new products to stay ahead of the competition. Some of the top market players in the yeast ingredients market include:

1. Angel Yeast Co., Ltd

2. AB Mauri

3. Lallemand Inc.

4. Lesaffre

5. Chr. Hansen Holding A/S

6. Pak Group

7. Koninklijke DSM N.V.

8. Associated British Foods plc

9. Kerry Group

10. Leiber GmbH