Specialty Yeast Market Report was Worth USD 3 Billion in 2021
Specialty Yeast Market Size By Type (Yeast Extracts, Yeast Beta-Glucan, Yeast
Autolysates, and Others), By Species (Pichia
Pastoris, Saccharomyces Cerevisiae, Kluyveromyces, and Others), By Application (Feed,
Food & Beverages, and Others), Regions, Segmentation, and forecast
till 2029.
The market has been studied for the below-mentioned segmentation and
regional analysis for North America, Europe, Asia, South America, and Middle
East and Africa. These are the key regions where the specialty yeast market
is operating currently and is predicted to expand in the near future. The
manufacturers and suppliers involved in the specialty yeast treatment market
are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments
which have been formed by combining different prospects such as type, species,
application, and others. Apart from this, the key driving factors, restraints,
potential growth opportunities, and market challenges are also discussed in the
below paragraphs.
The significant players operating in the global Specialty
Yeast market are ADM, AEB Group S.p.A., Leiber, DSM,
Lesaffre, Levex, Biorigin, Jeevan Biotech, Angelyeast Co. Ltd., Chr. Hansen
Holding A/S, Foodchem International Corporation, Halcyon Proteins Pty. Ltd.,
Agrano GmbH & Co. KG, Aria Ingredients, Associated British Foods PLC, Kemin
Industries, Inc., Kerry Group PLC, Kohjin Life Sciences Co. Ltd., Lallemand
Inc., Titan Biotech, among others.
To achieve a substantial market share in the worldwide Specialty Yeast market
and strengthen their position, manufacturers are pursuing expansion methods
such as current developments, mergers and acquisitions, product innovations,
collaborations, and partnerships, joint ventures.
Yeast is a single-celled fungus and a type of
microorganism. Specialty yeasts are all-natural additives that enhance the
nutritional profiles of food and feed products while also giving them a richer
taste character. They are useful for a range of uses in the food and beverage
sectors because of their high nutritional values and antioxidant qualities,
which are thought to provide health advantages. Specialty yeast is extracted
using fresh yeast. The enzymes dismantle the yeast shell and degrade the
proteins, resulting in the production of unique yeast products. Around 1,500
distinct varieties of yeast are used in the food and beverage industries.
Saccharomyces cerevisiae is the most common species of yeast used for
fermentation. It is also used to create alcoholic beverages, including beer and
bread. Specialty yeast has different technical requirements than fresh yeast
and is made up of proteins, amino acids, vitamins, and carbohydrates. . It
solely contains the minerals and vitamins that yeast cells naturally produce as
they grow. In the fortified form, nutrients are increased through the use of
chemicals such as synthetic vitamins. No additional vitamins or minerals are
present in the unfortified variety.
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Scope of Specialty Yeast
Market Report
|
Report Metric |
Information |
|
Study Period |
2021-2029 |
|
Base Year |
2021 |
|
Forecast Period |
2022-2029 |
|
Market Share Unit |
USD Billion |
|
Segments Covered |
By Type, By Species, By Application, By Region |
|
Regions Covered |
North
America, Europe, Asia-Pacific, South America and Middle-East and Africa |
|
Major Players |
ADM,
AEB Group S.p.A., Leiber, DSM, Lesaffre, Levex, Biorigin, Jeevan Biotech,
Angelyeast Co. Ltd., Chr. Hansen Holding A/S, Foodchem International
Corporation, Halcyon Proteins Pty. Ltd., Agrano GmbH & Co. KG, Aria
Ingredients, Associated British Foods PLC, Kemin Industries, Inc., Kerry
Group PLC, Kohjin Life Sciences Co. Ltd., Lallemand Inc., Titan Biotech, among others |
Segmentation Analysis
The saccharomyces cerevisiae segment is expected to be the fastest-growing
segment in 2021.
The species includes pichia pastoris, saccharomyces cerevisiae,
kluyveromyces, and others. During the forecast period, the saccharomyces
cerevisiae segment is anticipated to grow at the fastest rate. This kind of
species is a frequently utilized component in a variety of food and beverage
industry applications. The rise of the saccharomyces cerevisiae market will
also be fueled by the rising demand for flavors like pepper and smokiness as
well as rising health consciousness.
Food & Beverage is expected to be the fastest-growing segment in
2021.
The application includes feed, food & beverages, and others. The food
& beverage segment is expected to witness the highest CAGR during the
forecast period. Due to the extensive use of specialty yeast in numerous food
applications, including snack spices, sauces, bread goods, and ready-to-eat
meat products, the market is expanding. Additionally, the food processing
sector uses a variety of specialist yeasts, including yeast autolysates, dried
yeast, and yeast extracts, because these are thought of as nutritious
ingredients. In the upcoming years, this element will help the food &
beverage segment's market expansion.
Regional
Analysis
The regional analysis provides a detailed perception of the key
regions and the countries. Some of the key countries analyzed for the Specialty
Yeast include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia,
China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.
●
Europe region witnessed a major share. Expanding
urbanization will stimulate market expansion by making convenience foods more
widely available. Specialty yeast is increasingly employed in feed products as
a source of protein. Due to the increasing use of alcoholic beverages and
savory goods in the region, the market is growing. Feed, bioethanol,
biotechnology, cosmetics, and personal care items are all made with specialty
yeasts. The creation of customized yeast involves the application of
cutting-edge technical methods. The creation of specialized yeast involves a
number of significant stakeholders.
Country Analysis
Germany's
Specialty Yeast market size was valued at USD 0.38 billion in 2021 and is
expected to reach USD 0.61 billion by 2029, at a CAGR of 6.2% from 2022 to
2029. The
country's bread and brewers industries are using more yeast components as a
result of the big mass of baking items and their strong demand. The growing
demand for alcohol and the enrichment of animal feed products are significant
drivers of this market's expansion. Growing pet adoption rates and improved
awareness of livestock health are driving industry expansion.
●
China
China Specialty Yeast’s market size was valued at USD 0.30
billion in 2021 and is expected to reach USD 0.47 billion by 2029, at a CAGR of
5.9% from 2022 to 2029. In recent years, the
region has experienced tremendous urbanization and a rise in the demand for
fast food items. The demand for natural, pure, and fresh products has
substantially expanded, and this has had a big positive impact on the expansion
of the specialty yeast business in the region.
●
India
India's
Specialty Yeast market size was valued at USD 0.24
billion in 2021 and is expected to reach USD 0.36 billion by 2029, at a CAGR of
5.5% from 2022 to 2029. India's market expansion is also being aided by the country's booming
food and beverage sector. The current change is significant, as evidenced by
the trend toward decreasing sugar consumption. After years in which obesity
became a significant health issue, Indian consumers are pushing back against
products that are deemed to contribute to the issue. Products with less sugar
and those that replace sugar are now required as a result of this. As a result,
specialty yeast is expanding exponentially here.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as food
& beverage, healthcare, automobiles, etc. However, several companies
operating in the food & beverage sector have seen increased revenue due to
significant changes in consumer preferences toward low-sugar and sodium food. Customers
are rapidly shifting toward a healthy lifestyle amidst the nationwide lockdown
and related restrictions.
Furthermore, the growth of this market is mainly driven owing to the development
and advancement in the food industry.
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