The global specialty yeast market is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, with a CAGR of 7.0%, in terms of value between 2022 and 2027.
The report “Specialty Yeast Market by Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, and Other Yeast Derivatives), Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), Application and Region – Global Forecast to 2027″ The global specialty yeast market size is projected to reach USD 4.6 billion by 2027. According to MarketsandMarkets analysis, the global specialty yeast market is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, with a CAGR of 7.0%, in terms of value between 2022 and 2027. The reasons that are driving the growth of the specialty yeast market are the increasing demand for specialty yeast products across various food, beverage, feed, and other industries such as healthcare, biotechnology, and cosmetics among others that are contributing significantly to their growth. Specialty yeast products enhance the nutritional profile of the various food and feed product and also provide a strong taste and flavor offering due to which they are in significant demand from the food industries.
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Yeast extracts account for the largest market share in the specialty yeast market.
Based on type, yeast extracts account for the dominant share in the specialty yeast market. Due to the recent global rise in awareness regarding natural ingredients and products, yeast extracts have been able to gain significant traction in the industry as a natural ingredient. It also offers various desirable characteristics such as amino acids, carbohydrates, minerals and vitamins and find a range of applications across a large number of food products such as soups, sauces, meat preparations and savory mixes.
The Saccharomyces cerevisiae segment is projected to account for the largest market share in the specialty yeast market during the forecast period
Based on species, the saccharomyces cerevisiae segment is projected to account for the largest market share in the specialty yeast market. Some of the reasons boosting the growth of this category are the increased robustness and the ability of the species to withstand stressful conditions. They find a large number of applications for yeast extracts that are used in the production of bread, beer, wine, and soy sauce as it offer desirable characteristics such as high fermentation efficiency, rapid growth rate, and have good ability to produce ethanol with effective usage of sugar.
The food segment is projected to retain its position as the dominant segment in the specialty yeast market during the forecast period.
Based on application, the food segment is expected to retain its position as the dominant and fastest-growing segment during the forecast period. The specialty yeasts witness growing demand from the food industry as they cater to a large number of food products such as bakery products, functional foods, savory products, and other food applications such as food flavorings, soups, snacks, sauces, and seasonings.
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Europe is projected to be the largest market for the specialty yeast industry during the forecast period.
Based on region, Europe is projected to be the largest market for specialty yeast industry during the forecast period. The growth of the specialty yeast in the region is supported by the well-established food & beverage industries and the increased demand for natural ingredients, which have led to the widespread acceptance of yeast extracts in the region. The recent growth of bioethanol industry in the European market has also significantly contributed to the growth of specialty yeast market in Europe.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such Associated British Foods Plc (UK), ADM (US), Lallemand Inc. (Canada), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Kerry Group Plc. (Ireland), Lesaffre (France), AngelYeast Co., Ltd. (China), Biorigin (Brazil), Kemin Industries, Inc. (US).
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Source: Digital Journal