Global Yeast Extract Market Trends and Insights2024- 2031
Yeast Extract Market Summary
The global yeast extract market is expected to grow at a compound annual growth rate (CAGR) of 6.32% from 2024 to 2031.
Yeast extracts are utilized to impart savory and umami flavors to a wide range of packaged foods, including frozen meals, sauces, snacks, soups, and broths. The production process consists of fermenting, disrupting, and separating yeast. Yeast extract is a rich source of B vitamins such as B-1, B-2, B-3, B-6, B-12, and folic acid, which are essential for converting carbohydrates, fats, and proteins into usable energy.
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Yeast Extract Market Dynamics
Increasing Consumption of Processed Foods:Modern hectic lifestyles and rising incomes are changing consumer dietary preferences, leading to a higher demand for convenient packaged foods. Products like frozen meals, savory snacks, sauces, and soups utilize yeast extract to enhance their savory flavors.
Diversification of Raw Material Sources:The development of alternative raw material sources for yeast extract can reduce price volatility and stabilize supply chains. Diversifying raw materials will enable manufacturers to increase production and lower costs for end-users.
Price Volatility:Price fluctuations of raw materials, particularly molasses (a byproduct of sugar refining), can restrain market growth. Factors like harvest depletion contribute to molasses price volatility, directly impacting yeast extract production.
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Market Segmentation
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By Technology :Autolyzed, Hydrolyzed), By Form (Powder, Paste, Flakes
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By Application :Food & Beverages, Animal Feed, Pharmaceuticals, Others
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yeast extract market Key players include
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Kerry Group
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Leiber GmBH
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Lallemand Inc
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Biospringer
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DSM
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Synergy Flavors
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Thai Foods International Co., Ltd
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Halcyon Proteins
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Ohly
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Angel Yeast Co., Ltd
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AB MAURI
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Lesaffre
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Ziying Biotechnology
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Jiangmen Biotechnology
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