Meticulous Research® recently published an insightful report titled Yeast Extract Market Size, Share, Forecast, & Trends Analysis by Type (Autolyzed, Hydrolyzed Yeast), Yeast Source (Baker's, Brewer's, Torula Yeast), Form (Powder, Paste), Application (Food and Beverages, Animal Feed, Pharmaceuticals) - Global Forecast to 2031. The report projects that the global yeast extract market will grow at a CAGR of 6.8%, reaching $2.92 billion by 2031. Key drivers of this growth include the rising demand for bakery products, an increasing vegan and vegetarian population, higher consumption of alcoholic beverages, and growing consumer interest in reducing salt intake.
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Key Challenges and Opportunities
While the market offers growth potential, it faces challenges such as the availability of substitutes and fluctuating raw material prices. However, increasing demand for natural ingredients and plant-based food alternatives provides significant opportunities for market players. Overcoming barriers like high production costs and stringent regulatory standards will be crucial for sustained growth.
Clean-label and Health Trends
The market is witnessing a shift towards clean-label products, driven by consumers' growing preference for natural and healthier options. These evolving trends are reshaping consumer preferences, further contributing to market growth.
Major Players in the Market
The yeast extract market is moderately competitive, with global and regional players such as Lesaffre (France), Kerry Group (Ireland), AngelYeast Co., Ltd. (China), and Lallemand Inc. (copyright) leading the space. Companies like Sensient Technologies Corporation (U.S.), Kothari Fermentation and Biochem Ltd. (India), and Novozymes A/S (Denmark) also play a pivotal role in shaping the industry.
Segmentation Analysis
•    By Type: Autolyzed yeast extract dominates with over 62.0% of the market share in 2024. Its simpler production process and umami flavor-enhancing properties make it a preferred choice in the food industry.
•    By Source: Baker’s yeast leads the market due to its high protein content, nutrient retention, and safety features.
•    By Form: The powder segment is expected to account for the largest share, attributed to its convenience in storage, handling, and use in food products like sauces and snacks.
•    By Application: Food and beverages account for over 36.7% of the market share, driven by the rising popularity of processed foods and plant-based diets.
Regional Insights
Europe leads the global yeast extract market with a 29.8% share, valued at $548.1 million in 2024. Factors such as growing vegetarianism, demand for processed foods, and clean-label preferences fuel this dominance.
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