June 2, 2023

The global yeast extract market is expected to rise during the forecast period due to the increasing demand for bakery products and the high utilization of yeast and the food & beverage industry. Fortune Business Insights™ shares this information in a report titled, “Yeast Extract Market, 2022-2029”. As per the report, the yeast extract market size was USD 1.75 billion in 2021. The market size is expected to rise from USD 1.89 billion in 2022 to USD 3.39 billion by 2029 at a CAGR of 8.7% during the forecast period.

Yeast extract is commonly used in food and beverage products such as savory snacks, ready-to-eat meals, soups, and sauces. The yeast extract is produced from fresh yeast utilized in beer, wine, and bread production. The rising demand for bakery products and increasing consumption of alcoholic beverages are expected to drive the market during the projected period.

Get a Free Sample Research PDF:


List of Key Players Profiled in Market Report:

  • Lesaffre (France)
  • AngelYeast Co., Ltd (China)
  • Halcyon Proteins, (Australia)
  • (France)
  • Thai Foods International (Thailand)
  • Alltech (S.)
  • Synergy Flavors (U.S.)
  • Lallemand, Inc. (Canada)
  • Ohly (Germany)
  • Leiber GmBH (Germany)

COVID-19 Impact:

Supply Chain Disruptions Amid Pandemic to Hamper Growth

The coronavirus outbreak and lockdown situation have affected the food & beverage industry to a higher extent. The government has imposed stringent restrictions on several operations and manufacturing of the companies, which has created a huge impact on the productivity and profitability of the organizations. The import/export policies were revised to restrict the spread of viruses which created supply chain disruptions and hampered the market growth during a pandemic. These factors have restricted the global market development during the pandemic period.


Autolyzed Technology to Dominate Market Due to Rising Demand

By type, the market is bifurcated into autolyzed and hydrolyzed.

Based on the application, the market is segregated into food & beverage, pharmaceuticals, animal feed, and others.

Geographically, the market is categorized into Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

Ask For Customization:

Report Coverage:

The yeast extract market report provides complete statistical information about market growth and upcoming opportunities in the industry. Also, the report sheds light on the latest trends adopted by companies operating in the industry. Drivers and restraints affecting the market growth are highlighted further. The impact of COVID-19 pandemic on market expansion and growth is discussed further, along with the business strategies adopted by the companies to overcome the loss caused by the pandemic. Key players and their new product launched are further elaborated in this report.

Drivers & Restraints:

Rising Consumption of Alcoholic Beverages to Propel Market Growth

The market is anticipated to exhibit high growth during the projected period. Increasing yeast extract in food & beverage products is likely to propel market growth. Also, changing the dietary preferences of the growing population contributes to market growth. Furthermore, rising demand for bakery products and alcoholic beverages is anticipated to stimulate global product demand. These factors are expected to ensure global yeast extract market growth during the projected period.

However, the availability of substitutes is likely to hinder market growth.

Regional Insights:

European Market Holds Dominant Share Due Increasing Consumption of Processed Food

Europe dominates the global yeast extract market share during the forecast period. The increasing demand for nutritional yeast extract and the rising consumption of processed food drive regional growth. The European market stood at USD 620.62 million in 2021 and is expected to exhibit higher growth during the forecast period.

Asia Pacific holds the second-highest global market position during the projected period. The increasing demand for convenience and ready-to-eat food is expected to boost the product demand.

Competitive Landscape:

New Product Launch Allow Companies to Enhance Their Product Portfolio

Key market players focus on forming strategic alliances and partnerships with supporting companies to expand their business reach. Also, the companies focus on developing new products by adopting technological advancements and innovative product development ideas. Furthermore, increasing the production rate of the companies will allow them to improve their productivity and profitability. These strategies allow the organizations to develop their business and expand globally.

Speak To Analyst :


Details Table Of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Overview of the Parent/Related Markets
    • Industry SWOT Analysis
    • Supply Chain and Regulatory Analysis
    • Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
    • Qualitative Analysis Related to COVID-19
      • Impact of COVID-19 on the Market
      • Supply Chain Challenges amidst Pandemic
      • Potential Opportunities due to this Global Crisis
  • Global Yeast Extract Market Analysis, Insights and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Type
        • Autolyzed
        • Hydrolysed
      • By Application
        • Food & Beverages
        • Animal Feed
        • Pharmaceuticals
        • Others
      • By Region
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa
  • North America Yeast Extract Market Analysis, Insights and Forecast, 2018-2029
    • Key Findings / Summary
    • Market Size Estimates and Forecast
      • By Type
        • Autolyzed
        • Hydrolysed
      • By Application
        • Food & Beverages
        • Animal Feed
        • Pharmaceuticals
        • Others
      • By Country (Value)
        • U.S.
          • By Application
            • Food & Beverages
            • Animal Feed
            • Pharmaceuticals
            • Others
        • Canada
          • By Application
            • Food & Beverages
            • Animal Feed
            • Pharmaceuticals
            • Others
        • Mexico
          • By Application
            • Food & Beverages
            • Animal Feed
            • Pharmaceuticals
            • Others

Inquire Before Buying:

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.

US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]

Fortune Business Insights™

Linkedin | Twitter | Blogs