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Specialty Yeast Market Size, Share & Industry Analysis, By Type (Yeast Extracts, Autolytic Yeast, Others (Beta Glucan Yeast, Hydrolysed Yeast, and Others)), By Application (Bakery, Alcoholic Beverages, Cheese, Savories and Snacks, Others (Pharmaceutical, Cosmetics, and Others)) and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI102478 | Status : UpcomingThe increasing application of specialty yeast in bakery, sauces, alcohol, snacks, and functional food preparation is expected to boost the demand for the specialty yeast. The use of specialty yeast in maintaining the freshness of the processed food product has played a dynamic role in stimulating the growth of the global specialty yeast market.
The increasing use of specialty yeast in bakery products as a raising or leavening agent is projected to drive the global specialty yeast industry. The supporting rules and regulations by governmental food regulating organizations for the use of yeast in microbrewery will increase the demand for yeast extract in the forthcoming years. For instance, in March 2019, the Food Safety and Standards Authority of India (FSSAI) allowed craft breweries to continue making beer with higher yeast content.
The increasing application of specialty yeast in the bakery industry will positively leverage the global specialty yeast market. Specialty yeast is majorly used as a leavening and flavoring agent in bread and cake preparations. Specialty yeast is widely used in savory flavor and umami taste sensation. The growing use of specialty yeast varieties in a variety of packed and convenience foods such as frozen meals, crackers, snack food, ready-to-eat food, and others is expected to drive the global specialty yeast industry in forthcoming years. The increasing use of autolytic yeast in winemaking as it helps in improving the wine fermentation and wine quality is expected to fuel the market demand for specialty yeasts.
Cane molasses is the major raw material used for the production of specialty yeast. The fluctuating and rising price of molasses due to its increased application in bioethanol production is expected to act as a major restraint in the growth of the global specialty yeast market.
Key Players Covered:
- Lesaffre
- Lallemand Inc.
- Angelyeast Co. Ltd.
- Associated British Foods Plc.
- Koninklijke DSM N.V.
- Archer Daniels Midland Company
- Chr. Hansen Holding A/S
- Biorigin
- Leiber GmbH
- Kerry Group
The yeast extracts have numerous applications in the food and beverage industry owing to its multifunctional property. Yeast extract is used as a natural flavor-enhancing ingredient in the food, beverages, and dietary supplement industry. Yeast extract significantly acts as a flavour enhancer and can partially replace the salt. The increasing use of yeast extract in a low-salt diet is expected to witness robust growth in the global specialty yeast market. Yeast extract is majorly used as a clean label product owing to its popularity as a natural flavoring material. The autolytic yeast segment is anticipated to witness sturdy growth in the global specialty yeast market owing to its important influence on sensory properties and the biological stability in wine.
The bakery industry is expected to witness sturdy growth in the global specialty yeast market, followed by the beer and wine industry. The increasing consumer demand for specialty yeast due to awareness about its nutritional benefits will increase the adoption of specialty yeast by bakery food manufacturers. For instance, the high content of salt and sugar can cause health problems such as high blood pressure, diabetes, and others. Specialty yeast will help to cut the excess salt and sugar present in food. Specialty yeast plays a crucial role in the production of fermented beverages such as beer, wine, and distilled spirit. The pharmaceutical segment is anticipated to witness sturdy growth in the global specialty yeast industry owing to the multiple uses of specialty yeast in production on biopharmaceuticals. Insulin, insulin analogs and human serum albumin are some of the leading biopharmaceuticals produced by yeast (Saccharomyces cerevisiae).
Regional Analysis:
The increasing use of specialty yeast (Saccharomyces boulardii) as a probiotic owing to its healthy effect on human intestinal health will positively leverage the specialty yeast market in North America and Europe. The high consumption of bakery products and alcoholic beverages in North America and Europe is expected to drive the specialty yeast market in the aforementioned regions.
Asia Pacific is anticipated to witness sturdy growth in the global specialty yeast market. The increased consumption of convenience and ready-to-eat food products due to a busy lifestyle, long working hours and increased disposable income is expected to drive the specialty yeast market in this region. The companies present in this region such as Angelyeast Co. Ltd. and Kerry Group, are focused on acquisition and merger to strengthen their position in the global specialty yeast market. For instance, in December 2018, Kerry Group acquired Ariake USA, a producer of natural clean label savory taste solutions. The company offers yeast extracts to the food and beverage industry. This acquisition is expected to strengthen the position of Kerry Group in the global specialty yeast market.
Specialty Yeast Market Segmentation Analysis
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Key Industry Developments:
- In March 2018, Lallemand Animal Nutrition, decided to invest in expanding the production capacity of the premium protected live yeast, namely, LEVUCELL SC TITAN and LEVUCELL SB TITAN. The investment is focused on the drying and micro-encapsulation capacities of the plant.
- In December 2019, Bio Springer, announced US$ 29 Mn expansion to its Yeast Extract production site in Cedar Rapids lowa.
- In March 2019, BioTork and Lallemand Biofuels and Distilled Spirits, enter into joint development collaboration, to develop improved yeast strains which could be used in ethanol industry.
- Global
- 2023
- 2019-2022