Yeast Extract Market share to grow at 5.5% from 2016 to 2024: Global Market Insights Inc. The research report “Yeast Extract Market Size By Technology (Autolyzed Yeast , Hydrolyzed Yeast), By Source (Baker’s Yeast, Brewer’s yeast), By Form (Powder, Paste), By Application (Food & Beverages [Soups, Processed foods, Dairy Products, Bakery, Sauces & Savory Flavors], Animal Feed, Pharmaceuticals), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Australia, New Zealand, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa), Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Yeast Extract Market size is set to exceed USD 1.8 billion by 2024. Strong application potential in food & beverage industry should favour yeast extract market size. Key properties favouring product demand in food & beverages industry include flavour & taste enhancing, high nutrient content and sodium content reduction. Yeast extract market size from food & beverage applications may witness strong gains and surpass USD 1 billion at the end of forecast period. It is widely used in dairy products, bakery, soups, processed foods and savory mixes. Increasing convenience food consumption due to changing dietary routines should favor industry growth.
Rise in clean labelled natural ingredients demand along with increasing need for salt reduction in routine diet should drive product demand. It is a potential replacement for chemical food additives such as MSG along with favourable government norms, thereby making it suitable for food & beverage applications. Autolyzed yeast extract market size should witness gains at over 5%. It is widely used for animal feed and food & beverage applications due to natural meaty flavour and nucleoside content. Shift in animal feed manufacturers preference towards adding flavour enhancers to increase palatability accompanied with growing awareness regarding high nutrition content should promote product demand. Key raw materials, baker’s & brewer’s yeast, saccharomyces cerevisiae and molasses, are used in the manufacturing process. Molasses are most widely used as it provides high nutrient content growth media for fermentation. These raw materials are used in various applications and may face supply deficit and impact yeast extract market price trend. 1|Page