Yeast and Yeast Extract Market Revenue, Revenue, Opportunity, Business Segment Overview and Key Trends 2027
As per the analysis by Market Research Future
Reports (MRFR), the global Yeast and Yeast Extract Market Revenue 2020 is primarily driven by the
spurring demand for alcoholic beverages for beer and wine, along with the
growing demand for non-alcoholic beverages comprising of kombucha, kumis, and
kefir. Further, the demand for yeast & yeast extract is surging in
industries like animal feed, food and beverages, academics and research
institutes, and pharmaceuticals. The easy procurement of resources such as
saccharides and other sugar derivatives at an affordable price is anticipated
to escalate the yeast extract market during the forecast period.
On
the contrary, the rules and regulated implemented with respect to food safety
regulations for the application of red yeast extract product is estimated to be
the most significant factor inhibiting the market growth. However, the spurring
demand for bakery products, the growing demand for bioethanol as a fuel, is
likely to battle the obstructing factor.
Key
Players
The
renowned players of the global yeast and yeast extracts are British Foods PLC
(U.K.), Angel Yeast Co., Ltd (China), Chr. Hansen (Denmark), Kerry Group
(Republic of Ireland), Dsm N.V (Netherlands), Lesaffre Group (France),
Lallemand Inc (Canada), Leiber Gmbh (Germany), and Synergy Flavors (Ireland).
Market Segmentation:
The segment study of the global Yeast and Yeast
Extract Market Revenue is done by the application, forms, type, and product
types.
Based on application, the global Yeast and Yeast
Extract Market Revenue is segmented into animal feed, academics and research
institutes, food & beverages, and pharmaceuticals & intermediary
supplies.
Based on forms, the global Yeast and Yeast Extract
Market Revenue is segmented into dry yeast and instant yeast.
Based on type, the global Yeast and Yeast Extract
Market Revenue is segmented into feed yeast, brewer's yeast, baker's yeast,
wine yeast, and others.
Based on product types, the global Yeast and Yeast
Extract Market Revenue is segmented into brewers, bakers, and wine.
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Regional Analysis
Based on the region, the global Yeast and Yeast
Extract Market Revenue is segmented into North America, Europe, Asia-Pacific,
and the Middle East and Africa. The market in North America is estimated to
lead the global Yeast and Yeast Extract Market Revenue on account of increased
demand for natural additive. Further, the growing application of yeast in the
bakery is projected to propel the regional market during the assessment period.
The APAC region is predicted to grow at the highest
CAGR during the assessment period owing to the increasing population, rising
disposable income, and the rapid urbanization occurring in the region. Further,
the surged demand for processed food items such as confectionaries, baked
products, in the region is projected to enhance the regional market.
The European market is projected to witness a significant
rise due to the changing lifestyles and increased disposable income. Further,
the consumption of processed food products, alcohol, and rising health
awareness is anticipated to boost the regional market during the forecast
period.
The MEA region is predicted to acquire the least
market share during the forecast period owing to the slow-developing countries.
However, the growing popularity of yeast is projected to drive the regional
market.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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