Specialty Yeast Market Research Report Size m
Specialty Yeast Market Research Report, Size, Share &
Industry Growth & Forecast 2020-2027
Specialty Yeast Market
The Specialty Yeast Market is expected to reach USD 4,312 million by the end of 2027, growing at a CAGR of 7.5% over the forecast period (2020-2027).
The factors driving the growth of Specialty Yeast Market incudes rise in the consumption of functional food and beverages, increasing use of spicy and smoky flavors in the food items and rising awareness amongst consumers about the health benefits of specialty yeasts. According to the report published by Bloomberg, the Global Functional Beverage Market was estimated around USD 118.7 billion in 2021 and is predicted to reach USD 265.9 billion by the end of 2030, expanding at a CAGR of 9.38% over the forecast period (2021-2030), which will boost the Specialty Yeast Market share in the coming years. Moreover, the increasing availability of ready to eat food products at the e-commerce platforms, rise in the sales of alcoholic beverages, growing application of bio-ethanol yeast for fuel production and technological advancements in the packaging of specialty yeast, are some of the additional factors supplementing the Specialty Yeast Market size. In addition, the increasing investments by the leading players on research and development, growing popularity of bakery products such as pasta and sandwich amongst millennials and rapid urbanization, are further contributing towards the market growth.
However, the growth of Specialty Yeast Market is hindered due to strict regulations imposed by the food agencies on the manufacturing of specialty yeast.
The major players operating in the market are Koninklijke DSM N.V, Kerry Group plc, Lesaffre, Associated British Foods, Archer Daniels Midland, Lallemand, Inc., Angel Yeast, Biorigin, Beldem S.A., Chr. Hansen, and Kemin Industries, among others.
Species: Segment Analysis
Based on Species, the Saccharomyces cerevisiae segment is expected to expand at a significant CAGR over the forecast period attributed to increasing use of smoky flavors in the food and beverage industry around the world.
Application: Segment Analysis
Based on Application, the Food segment is predicted to grow at a remarkable CAGR over the forecast period. The increasing use of specialty yeasts such as yeast autolysates and dried yeast in the food processing industry due to its nutritional values, is the major factor responsible for the segment’s growth.
Regional: Segment Analysis
Based on Region, the Asia-Pacific region is estimated to capture a sizeable market share during the forecast period. The increasing demand for fermented food and beverages such as kombucha, tempeh and natto, increasing preference for using organic ingredients, rapid urbanization, rising disposable incomes and high population density, are some of the important factors propelling the market growth ion Asia-Pacific.
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
Global Specialty Yeast Market by Application
- Functional foods
Global Specialty Yeast Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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