Specialty Yeast Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Specialty Yeast Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, September 20, 2024 /EINPresswire.com/ -- The specialty yeast market has experienced robust growth in recent years, expanding from $2.7 billion in 2023 to $2.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in food and beverage industry, expansion of bioethanol production, animal nutrition industry growth, demand for gluten-free products, globalization of food supply chains.
What Is The Estimated Market Size Of The Global Specialty Yeast Market And Its Annual Growth Rate?
The specialty yeast market is projected to continue its strong growth, reaching $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to plant-based protein trends, focus on sustainable practices, emergence of alternative proteins, expansion of craft brewing, prebiotics and digestive health, health-conscious consumer base.
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Growth Driver Of The Specialty Yeast Market
Increasing consumption of alcoholic beverages is expected to contribute to the growth of the specialty yeast market going forward. Alcoholic beverages are used to maintain optimum temperature, viscosity, and pressure during the production of alcoholic beverages. Specialty yeast is frequently employed in food and beverage such as alcoholic beverages to improve flavor, and fermentation which raises consumer demand for food items and expands the number of food and beverage production facilities, as a result, increasing consumption of alcoholic beverages increases the demand for specialty yeast market.
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Which Market Players Are Steering the Specialty Yeast Market Growth?
Key players in the specialty yeast market include Associated British Foods PLC, Archer-Daniels-Midland Company, Lallemand Inc., Chr. Hansen Holding A/S, Kerry Group PLC, Angel Yeast Co. Ltd., Biorigin SAS, Leiber GmbH, Synergy Flavors LLC, Aria Ingredients Inc., Halcyon Proteins Pty. Ltd., Agrano GmbH & Co. KG, AEB Group S.r.l., Jeevan Biotech Pvt. Ltd., Titan Biotech Ltd., Koninklijke DSM N.V., Levex Chemicals Inc., Lesaffre Group, Alltech Inc., Kemin Industries Inc., Beldem B.V., DSM Food Specialties B.V., A.G. Scientific Inc..
What Are the Dominant Trends in Specialty Yeast Market Overview?
Major companies operating in the specialty yeast market are increasing their focus on introducing plant-based yeast extracts to gain a competitive edge in the market. Plant-based yeast extracts are natural flavor enhancers derived from yeast cells in plants, offering a savory, umami-rich profile often used in vegetarian and vegan culinary applications.
How Is The Global Specialty Yeast Market Segmented?
1) By Type: Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Other Type
2) By Species: Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Other Species
3) By Application: Food, Beverages, Feed, Other Application
Geographical Insights: Asia-Pacific Leading The Specialty Yeast Market
Asia-Pacific was the largest region in the specialty yeast market in 2023. The regions covered in the specialty yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Specialty Yeast Market Definition
Specialty yeast refers to the yeast that is created by breaking down the proteins found in fresh yeast that is used in a variety of foods and items. These are extracted from naturally occurring proteins, amino acids, carbohydrates, vitamins, and minerals.
Specialty Yeast Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global specialty yeast market report covering trends, opportunities, strategies, and more
The Specialty Yeast Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on specialty yeast market size, specialty yeast market drivers and trends, specialty yeast market major players, specialty yeast competitors' revenues, specialty yeast market positioning, and specialty yeast market growth across geographies. The specialty yeast market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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