Yeast Ingredients Market Summary & Restraint Analysis Till 2020 “The global yeast ingredients market size is expected to value at USD 2.38 billion by 2020. The market is subject to showcase a substantial growth due to the rise in use of yeast ingredients in the processed food and soft drink sectors, and numerous governmental regulation to promote use of yeast ingredients in the food industry.�
The Global Yeast Ingredients Market size is expected to value at USD 2.38 billion by 2020. The market is subject to showcase a substantial growth due to the rise in use of yeast ingredients in the processed food and soft drink sectors, and numerous governmental regulation to promote use of yeast ingredients in the food industry. Varying food patterns, and rise in disposable income particularly in developed economies are some of the key factors responsible for boosting the growth of the market in coming years. Globally, the yeast ingredients market is predicted to grow at CAGR of 7.4% in forecast period, providing numerous opportunity for market players to invest for research and development in the market. Approval from number of local as well as international agencies such as codex aliment Arius and EPA that are responsible for setting up international food regulations, set of standards and guidelines with regular quality checks such as yeast extracts, which significantly contributes to expansion of the market in different regions across the globe. Other factors responsible for boosting market growth are growing preference towards consummation of the vegetarian foods and supplementing meat products by yeast extracts in various sauces and soups. Application of yeast varies from fermentation processes, baking, drugs, nutritious supplement, and cellular genetics, are major factors associated with limited availability of yeast which is a raw material for the production of yeast ingredients which limits the growth of the yeast ingredients industry in recent years. Rising adoption of the ready to eat food products by urban population is fueling demand for the yeast extracts in urban market in recent years. Additionally, major preference towards non-animal protein in feeds is on the rise which is propelling growth of the market.
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