December 5, 2023

Yeast Ingredient Market Share on the Rise: Analyzing Current Trends and Future Outlook

The global yeast ingredient market is experiencing significant growth, driven by the increasing number of bakeries, confectionaries, and the changing dietary habits of consumers. A noteworthy shift in breakfast preferences and a rising interest in baking among the younger generation have led to a surge in demand for yeast ingredients in recent years.

Yeast, being a natural ingredient, has gained immense popularity in the food processing industry. It not only enhances the taste and flavor of various food products but also adds nutritional value. Due to its high supplement content, yeasts are widely used as taste enhancers in a diverse range of items, from canned foods to bakery products.

In response to growing concerns over artificial and addictive flavoring agents such as monosodium glutamate (MSG), yeast ingredients have emerged as a natural and wholesome alternative. The increasing emphasis on food products with high nutritional value has further bolstered the global yeast ingredient market.

Additionally, the rise in awareness regarding low-calorie content products has led to the flourishing of the functional food category. Analysts predict that this trend will create lucrative opportunities for the yeast ingredient market worldwide.

Quick and Nutritious Meals Drive Momentum in Yeast Ingredient Segment

The yeast extract segment has captured a leading share in the global market, primarily due to its high nutritional value and the sodium content it imparts to the final product. Yeast extract is in demand because it significantly enhances the taste and flavor of food items, particularly soups, processed foods, and savory mixes. With busy lifestyles and the availability of convenient food options that reduce cooking time, the demand for yeast extract is expected to rise. Furthermore, yeast extract is rich in amino acids, nucleotides, vitamins, and minerals, making it an excellent source of nutrition. Thus, the yeast extract segment is poised for strong demand as the world embraces quick yet nutritious meals.

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Baking Cultures in Europe and Asia Pacific Fuel Yeast Ingredient Demand

Europe has been at the forefront of the yeast ingredient market, driven by its reliance on bakery and confectionery products for both business and daily consumption. The growing community of home bakers and the emergence of artisanal bakeries are set to play a pivotal role in driving the European yeast ingredient market.

Meanwhile, Asia Pacific is also poised for significant growth, with India and China experiencing a surge in baking culture. China, in particular, stands out as one of the largest producers of yeast ingredients in the region. The increasing demand for conventional and processed food items, especially in developing nations, is boosting market growth. Additionally, the pharmaceutical industry’s growing use of yeast ingredients as a thickening agent is expected to further support the yeast ingredient market during the forecast period.

Expansion Remains the Key Theme for Key Players

Major players in the market are focused on expanding their production capacity and introducing new product offerings. For example, Angel Yeast Extract’s R&D lab launched Functional YE KA327 and KA329 in April 2020, a range of flavor-enhancing products and solutions that cater to consumers seeking both nutrition and enhanced flavors. Biospringer introduced the yeast-based fermentation ingredient Springer Mask 101 in 2019, designed to neutralize tastes caused by sweeteners and enhance products such as beverages, dairy items, and plant-based alternatives.

The yeast ingredient market continues to evolve and thrive, with key players including Kerry Group Plc, Angel Yeast Extract, Royal DSM N.V., Cargill, Incorporated; Synergy, Ltd., Lesaffre Group; Archer Daniels Midland Company, Lallemand, Inc., Alltech, Inc., Wyeast Laboratories, Inc., Sensient Technologies Corporation, Danisco A/S, Dohler Group, and Associated British Food Plc actively contributing to its growth.

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Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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This press release first seen on Brilad