Health Benefits and Applications of Specialty Yeast in Nutraceuticals

The global specialty yeast market size is projected to reach USD 4.6 billion by 2027.According to MarketsandMarkets analysis, the global specialty yeast market is estimated to be valued at USD 3.2 billion in 2022. It is projected to reach USD 4.6 billion by 2027, with a CAGR of 7.0%, in terms of value between 2022 and 2027. The reasons that are driving the growth of the specialty yeast market are increasing demand of specialty yeast products across various food, beverage, feed and other industries such as healthcare, biotechnology, cosmetics among others that are contributing significantly to their growth. Specialty yeast products enhance the nutritional profile of the various food and feed products and provide a strong taste and flavor offering due to which they are in significant demand from the food industries.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231306040

Europe is projected to be the largest market for the specialty yeast industry during the forecast period

Based on region, Europe is projected to be the largest market for specialty yeast industry during the forecast period. The growth of the specialty yeast in the region is supported by the well-established food & beverage industries and the increased demand for natural ingredients, which have led to the widespread acceptance of yeast extracts in the region. The recent growth of the bioethanol industry in the European market has also significantly contributed to the growth of the specialty yeast market in Europe.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such Associated British Foods Plc (UK), ADM (US), Lallemand Inc. (Canada), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Kerry Group Plc. (Ireland), Lesaffre (France), AngelYeast Co., Ltd. (China), Biorigin (Brazil), Kemin Industries, Inc. (US).

The food segment is projected to retain its position as the dominant segment in the specialty yeast market during the forecast period

Based on application, the food segment is expected to retain its position as the dominant and the fastest-growing segment during the forecast period. The specialty yeasts witness growing demand from the food industry as they cater to many food products such as bakery products, functional foods, savory products and other food applications such as food flavorings, soups, snacks, sauces and seasonings.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=231306040

Yeast extracts account for the largest market share in the specialty yeast market

Based on type, yeast extracts account for the dominant share in the specialty yeast market. Due to the recent global rise in awareness regarding natural ingredients and products, yeast extracts have been able to gain significant traction in the industry as a natural ingredient. It also offers various desirable characteristics such as amino acids, carbohydrates, minerals and vitamins and find a range of applications across a large number of food products such as soups, sauces, meat preparations and savory mixes.

Associated British Foods (UK) and Lesaffre (France) are the Leading Players in the Specialty Yeast Market

The specialty yeast market is estimated to be valued at about USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2% during the forecast period. The increasing demand for fermented food and beverage products is driving the growth of the specialty yeast market, globally. The use of specialty yeast in feed, bioethanol, biotechnology, cosmetics, and personal care products is trending, which increases the demand for specialty yeasts from these industries. Also, a ban on the use of antibiotics in the feed products in the European region is further expected to create lucrative opportunities for specialty yeast in the coming years.

The key players in this market include Associated British Foods (UK), Angel Yeast (China), Lallemand (Canada), Lesaffre (France), and Chr. Hansen (France) among others. Acquisitions, expansions, and agreements were some of the core strengths adopted by the leading players in the specialty yeast market to increase their presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Other players in the market include Koninklijke DSM N.V (Netherlands), Archer Daniels Midland (US), Leiber GmBH (Germany), Kerry Group (Ireland), Biorigin (Brazil), Nutreco N.V (Netherlands), Synergy Flavors (UK), Oriental Yeast (Japan), Beldem (Belgium), Levex (Turkey), and Kemin Industries (US).

To know about the assumptions considered for the study download the pdf brochure

Associated British Foods (UK) is one of the major players in the specialty yeast market. The company caters to the specialty yeast market through its subsidiary—Ohly (Denmark), which is a part of the company’s ingredients business. It has presence in Europe, Africa, the Middle East, Asia, and the Americas. AB Mauri (UK), another subsidiary of Associated British Foods also provides specialty yeast which finds application in distilled spirits, alcoholic beverages, bioethanol, and nutrition. In January 2019, Ohly (Denmark) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole cell business in the US. The long-term supply partnership between these companies aimed at benefitting Ohly by ensuring sustainable security of the Hutchinson site.

Lesaffre (France) is one of the leading players in the global fermentation industry. The company produces and sells yeast, ingredients, sourdoughs, and yeast extracts which are utilized in the baking, taste, healthcare, and biotechnology industries. It has 63 production sites with a presence in approximately 185 countries across the world. The company also has a very strong focus on R&D and has partnered with 60 universities and research centers across the globe to bring about new products to cater to the growing demand. In November 2018, Biospringer (Paris), a business unit of Lesaffre invested in Strasbourg for the establishment of a new production plant manufacturing yeast extracts. This production plant would cater to the customers demand in the region.