Specialty Yeast Market

Specialty Yeast Market is projected to reach at USD 4,312 Million by 2027 at a 7.5% CAGR during the forecast period.

Specialty Yeast Market Overview

Specialty yeast is extracted from the fresh yeast, which is used in various applications such as sauces, ready-to-eat meat, bakery materials, functional foods, and alcoholic beverages. It is majorly used in the food industry because of its unique and special taste. In addition to this, specialty yeasts are gluten-free, dairy-free, and adds nutritive value in processed food products.

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Major Specialty Yeast Market Drivers

Growing demand for specialty yeast ingredients in various food and beverage application is driving the global specialty yeast market. The other factors supporting the market growth include the increasing consumption of functional food and beverages, rising per capita income, and growing awareness regarding the nutritional benefits among consumers. Increased demand for processed food products driven by theincreasing working population, rising urbanization, changing lifestyle of consumers, and growing demand for ready to eat products. All these factors will contribute towards the growth of the specialty yeast market. In addition to this, the increasing demand for the spicy and smoky flavor used in various applications in the food processing industry is fuelling the demand of the global specialty yeast market. Specialty yeast offers functional properties which helps to improve the nutritional digestion of the cattle and acidosis in ruminants which will boost the demand of the global specialty yeast market.  However, stringent food safety guidelines may restraint the growth of the global specialty yeast market.

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Based on type, the yeast extracts segment is expected to dominate the market during the forecast period owing to the growing application in the food and beverage industry and the increasing availability of yeast extracts.

Based on species, the saccharomyces cerevisiae segment is projected to witness a higher CAGR during the forecast period. This type of species is a common ingredient that is used in various applications of the food and beverage industry. In addition to this, the increasing demand for the peppery and smoky flavors, along with the growing awareness regarding health benefits will drive the growth of the saccharomyces cerevisiae segment.

Based on application, the food segment is expected to grow at a faster CAGR over the forecast period due to the high usage of specialty yeast in various food applications such as snack seasonings, sauces, bakery products, and ready to eat meat products. Moreover, the various types of specialty yeast such as yeast autolysates, dried yeast, and yeast extracts are used in various food products by the food processing industry as these types are considered as a nutritive ingredient. This factor will support the market growth of the food segment in the coming years.

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Regional – Segment Analysis

Based on region, the Asia-Pacific region is anticipated to witness higher CAGR during the forecast period attributed to the growing demand for fermented food and beverages such as kefir, tempeh, natto, kombucha, miso, kimchi, sauerkraut, and probiotic yogurt among consumers. In addition to this, the increasing health-consciousness concern and rising acceptance of the natural and organic-ingredient based products will further surge the Asia-Pacific region. Rapid urbanization and high disposable income of the middle-class populations will further bolster the market growth.

Top Market Players

Various notable players operating in the market include Associated British Foods, Archer Daniels Midland, Lallemand, Inc., Chr. Hansen, Koninklijke DSM N.V, Kerry Group plc, Lesaffre, Angel Yeast, Biorigin, Beldem S.A., and Kemin Industries, among others.

Key Developments: 

• • In 2019, Lallemand Inc. completed a strategic partnership with Ohly to develop yeast and bacteria-based products. The deal comprised yeast-based specialty products in food, feed, and health markets.

• • In 2018, ADM Animal Nutrition launched yeast protein named Versity™ for cats and dogs foods. The Versity™ comprised Saccharomyces cerevisiae, along with balance amount of the essential amino acids and low content of fat & calcium. Versity™ is available at an economical price with an ideal amount of complementary or replacement protein sources for pet animals.

Segments covered in the Report:

The global specialty yeast market has been segmented based on type, species, application and key regions. Based on type, the market is segmented yeast extracts, yeast autolysates, yeast beta-glucan, and other yeast derivatives. Based on species, the market is categorized into saccharomyces cerevisiae, pichia pastoris, kluyveromyces and others. Based on the application, the market is segmented food, bakery, functional foods, savory, beverages, feed and others.

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Key questions answered in this research report:

• • At what pace is global Specialty Yeast market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Specialty Yeast market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Specialty Yeast market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Species areas of global Specialty Yeast market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Specialty Yeast Market by Type

• • Yeast extracts
  • Yeast autolysates
  • Yeast beta-glucan
  • Other yeast derivatives

Global Specialty Yeast Market by Species

• • Saccharomyces cerevisiae
  • Pichia pastoris
  • Kluyveromyces
  • Others

Global Specialty Yeast Market by Application

• • Food
  • Bakery
  • Functional foods
  • Savory
  • Beverages
  • Feed
  • Others

Global Specialty Yeast Market by Region

• • North America Specialty Yeast Market (Option 1: As a part of the free 25% customization)

    • North America Specialty Yeast Market by Type
    • North America Specialty Yeast Market by Species
    • North America Specialty Yeast Market by Application
    • US Specialty Yeast Market All-Up
    • Canada Specialty Yeast Market All-Up

  • Europe Specialty Yeast Market (Option 2: As a part of the free 25% customization)

    • Europe Specialty Yeast Market by Type
    • Europe Specialty Yeast Market by Species
    • Europe Specialty Yeast Market by Application
    • UK Specialty Yeast Market All-Up
    • Germany Specialty Yeast Market All-Up
    • France Specialty Yeast Market All-Up
    • Spain Specialty Yeast Market All-Up
    • Rest of Europe Specialty Yeast Market All-Up

  • Asia-Pacific Specialty Yeast Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Specialty Yeast Market by Type
    • Asia-Pacific Specialty Yeast Market by Species
    • Asia-Pacific Specialty Yeast Market by Application
    • China Specialty Yeast Market All-Up
    • India Specialty Yeast Market All-Up
    • Japan Specialty Yeast Market All-Up
    • Rest of APAC Specialty Yeast Market All-Up

  • RoW Specialty Yeast Market (Option 4: As a part of the free 25% customization)

    • RoW Specialty Yeast Market by Type
    • RoW Specialty Yeast Market by Species
    • RoW Specialty Yeast Market by Application
    • Brazil Specialty Yeast Market All-Up
    • South Africa Specialty Yeast Market All-Up
    • Saudi Arabia Specialty Yeast Market All-Up
    • UAE Specialty Yeast Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Specialty Yeast Market All-Up

Major Players Operating the Specialty Yeast (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Associated British Foods
  • Archer Daniels Midland
  • Lallemand, Inc.
  • Hansen
  • Koninklijke DSM N.V
  • Kerry Group plc
  • Lesaffre
  • Angel Yeast
  • Biorigin
  • Beldem S.A.
  • Kemin Industries