(Food-Beverage-News.Com, August 24, 2017 ) According to the report Global Yeast Ingredients market, published by Market Data Forecast, the Market was worth $1700 million in 2016 and estimated to be growing at a CAGR of 7.8%, to reach $2474.81 million by 2021. Food and animal feed producers are inclining more and more towards use of specialty yeast products for enhancing flavor in the products.
Yeasts are biologically known as chemo organotrophs because they use organic compounds to source energy and do not need sunlight for growing or survival. Yeasts are mainly unicellular though some species may be multi cellular also. They are natural ingredients and are used as one of the main food ingredients in the food processing factories.
Increasing demand for conservative and treated food is driving the global yeast ingredients market. Yeast ingredients have extended popularity in the pharmaceutical industry because of their wide application as dietary fiber, thickening agent and fat substitute. Therefore, growing share in the pharmaceutical industry is predicted to improve global demand for yeast ingredient products. Moreover, rising demand for yeasts in the food industry is estimated to surge demand for yeast ingredients in the global market. The key restraint is the Lack of basic raw material with demand from different sectors due to the molasses dealing limitations.
The global market for Yeast Ingredients is segmented by Type into Yeast Extracts, Autolyzed yeast, Yeast Cell wall and Yeast based-flavors. By Source, yeast ingredients are classified as Baker's Yeast and Brewer's Yeast. Also on the basis of Application Yeast ingredients market is categorized as Food, Feed and Pet Food, Pharmaceuticals and Others.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. Europe is anticipated to dominate the global yeast ingredients market in the forecast period followed by North America and Asia-Pacific. Asia Pacific is likely to witness the highest growth in the coming years. China is the leading producer and consumer of yeast ingredient produces due to the greater domestic consumption of conventional food.
Some of the key companies functioning in the yeast ingredients market are Associated British Food Plc, Kerry Group Plc, Koninklijke DSM N.V., Sensient Technologies Corporation, Angel Yeast Co., Ltd., Lesaffre, Lallemand Inc., Leiber GmbH, Synergy Flavors and Beldem S.A.
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