Market Highlights

The global yeast derivatives market is expected to grow from USD 2.57 billion in 2023 to USD 5.40 billion by 2033 at a CAGR of 7.72%.

Yeast Derivatives Market CAGR

2023-2033

CAGR OF

7.72%

Yeast Derivatives Market

Yeasts are used in brewing, alcohol fermentation, and bread production, and the by-products of yeasts are known as yeast derivatives. They pose high nutritional value and can substitute salt partially, therefore, enhancing the taste partially and so it is widely used in the food industry. It is a low-cost food supplement and is safe for human and animal consumption. The inclined awareness about health concerns and health consciousness around the globe is creating a beneficial market opportunity for this sector.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the overall market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.

Yeast Derivatives Market: Market Dynamics

Yeast derivatives are gaining its popularity among the vegans and millennials. The nutritional benefits available in yeast derivatives and the awareness about it is driving the overall market. The significant source of yeast production is sugar by-product and molasses. Due to shortage and the demand for raw materials is restraining the growth of the market. The presence of competition for the raw materials coupled with fluctuating costs are hampering the market. Technological innovations in the animal feed industry and pharmaceutical industry are creation more opportunity for the manufacturers to come out with new products. The emergence of commercialization and low-quality products in the market is being a great challenge to the market. Increased demand for yeast in various industries such as food & beverage industry and cosmetic industry are projected to drive the global yeast derivative market.

Yeast Derivatives Market: Segmental Analysis

Yeast Derivatives Market

by Type

Bakers

Brewers

Wine

Feed

The Market will Grow

At the CAGR of:

7.72%

The Forecast Market

Size for 2033 in USD:

$5.40B

The yeast derivatives market can be segmented based on type, form, specialty yeast type, end use, and region.
Based on the type, the market is classified as bakers, brewers, wine, feed, and bioethanol. The baker’s yeast segment is anticipated to contribute a highest market share amongst the other segments in 2023.
Based on specialty yeast type, the market is classified as yeast extracts and autolysates. The yeast extracts segment contributed for the larger share in 2023, which is likely to continue its position by the end of 2033.

Yeast Derivatives Market

by Specialty Yeast Type

XX%

Dry

Instant

Fresh

2.57

Total Market Size

USD (Billion), 2023

7.72%

CAGR

2023 - 2033

Based on the end use, the market is segmented into animal feed, food & beverages, dietary, supplements, sports nutrition, and pharmaceuticals. The food & beverage segment accounted for the largest market share in 2022. This is attributed to the higher consumption of naturally-extracted ingredients, the food segment is expected to share a higher share in the market.

Yeast Derivatives Market: Regional Analysis

Yeast Derivatives Market

by Region

The Market will Grow

At the CAGR of:

7.72%

The Forecast Market

Size for 2033 in USD:

$5.40B

Geographically, the market is classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Europe and North America contribute the largest share of the market. The United States, Canada, France, Germany, and Italy are amongst the major consumers of yeast derivatives. In China, owing to favourable market conditions there is a significant growth in the number of yeast producers. The growing demand in food and beverage, pharmaceutical, and animal feed products are expected to increase. This will create immense market opportunity in the global yeast derivatives market.

Yeast Derivatives Market: Competition Scenario

Key players operating in the yeast derivatives market are Lallemand, Inc., Lesaffre Group, Ohly (Associated British Foods Ingredients), Angel Yeast Co., Ltd., Chr. Hansen A/S, Kerry Group Plc, Revala Ltd., Pak Group, and Frontier Co-op.

Critical Questions Answered in the Report

•    What are the key trends in the market?
•    How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years?
•    What are the key strategies adopted by the major vendors to lead in the market?
•    What is the market share of the top players?

Research Methodology

The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.

Yeast Derivatives Market Scope: