Industry Background:
Yeast extracts refer to the beneficial components of yeast extracted by autolysis. As principal ingredients, they contain amino acids, nucleotides, minerals, and vitamins and are used as food ingredients and microbial culture media.Yeast Extract market has high growth prospects due to demand at bakery food products and alcoholic beverages. Additionally, Yeast extract is taken orally as a medicine for controlling blood glucose level in diabetic patients due to the presence of chromium. As chromium promotes insulin, which controls the glucose level in blood. Bound to these beneficial factors, it is anticipated that the yeast extract will remain positive in the global beverage market.Furthermore, factors such as the rising demand for high anti-oxidants nutrients coupled with shifting consumer focus toward healthy functional foods will bolster the product demand over the forecast time period.
This growth is primarily driven by Increasing Demand for Organic and Clean-Labelled Products. and Growing Utilization of Yeast Extracts in the Food, Pharmaceuticals and Cosmetics Industries.
Globally, a noticeable market trend is evident Increasing demand of yeast extract for treating respiratory infections, high cholesterol rates, and premenstrual syndrome.. The Beverages sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Associated British Foods PLC (United Kingdom), Lesaffre (France), Kerry Group (Ireland), MC Food Specialties Inc. (Japan), Angel Yeast Co. Ltd. (China), DSM Food Specialties (The Netherlands) and Lallemand (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Feb 2018, Lesaffre acquired Alltech’s yeast extract facility in Serbia. This acquisition will strengthen the market presence and continue to produce yeast extracts for food and animal feed industries.
Market Drivers
- Increasing Demand for Organic and Clean-Labelled Products.
- Growing Utilization of Yeast Extracts in the Food, Pharmaceuticals and Cosmetics Industries
Market Trend
- Increasing demand of yeast extract for treating respiratory infections, high cholesterol rates, and premenstrual syndrome.
Restraints
- High Initial Cost Associated with Setting Up New Yeast Production Plant.
- Regulatory Issues Related to Addition of Yeasts Extracts in Food and Feeds Products.
Opportunities
Rising Awareness Regarding Healthy and Nutritional Food Consumption. and Expansion of HORECA has been Major Factor for the Growth of Yeast Extract Market.
Challenges
Stiff Competition between Major Players
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Yeast Extract Study Sheds Light on
The Yeast Extract Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Yeast Extract industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Yeast Extract industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.