(Food-Beverage-News.Com, February 25, 2021 ) The Organic Yeast Market size is estimated to be valued at USD 364 million in 2020 and is expected to reach a value of USD 599 million by 2025, growing at a CAGR of 10.5% during the forecast period. Factors such as increasing awareness among consumers about health & wellness, higher adoption of veganism and vegetarianism coupled with the need to find substitutes to monosodium glutamate in food products are driving the growth of the market.
The market for organic yeast, by type, has been segmented into yeast extracts, yeast derivatives, inactive dry yeast, and nutritional yeast. Yeast extracts account for the largest market share during the forecast period owing to its wide application in soups & broths, sauces, seasonings & dressings, snacks & savory products to provide “umami” taste in the food. It is often used as substitute to cheese & dairy based ingredients in vegan and vegetarian foods.
In certain cases, it is used to mask the off-notes in meat products. Yeast extracts are also used in bakery industry to improve the aroma and shelf-life of the products such as breads, biscuits, cookies, and casseroles. Majority of the players in the organic yeast market such as Ohly (Germany), Biospringer (France), and Angel Yeast Co., Ltd (China) have wide product lines for yeast extracts.
Most of the organic yeast products are used in the food industry due to the “umami” or popularly known as savory taste. The stringent regulations around the use of monosodium glutamate (MSG) in food products for enhancing its taste has led to the increase in popularity of organic yeast extracts and derivatives in the food industry as a substitute. It is also used in the wine-making process to enhance the flavor of wine and provide a distinct taste.
Europe is projected to account for the largest share during the forecast period due to the presence of leading organic yeast manufacturers. The increase in importance of organic food products and retail sales of organic food products in countries, such as Germany, France, Italy, the UK, and Spain, are also contributing the growth of the organic yeast market.
Leading companies operating in the organic yeast market are Koninklijke DSM N.V (Netherlands), Lallemand Inc. (Canada), Biospringer (France), Leiber GmbH (Germany), Ohly (Germany), Levapan (Colombia), Biorigin (Brazil), Agrano Gmbh & Co. KG (Germany), Red Star Yeast Company (US), Angel Yeast Co. Ltd (China), Solgar Inc (US), Imperial Yeast (Portland), Levex (Turkey), and White Labs Copenhagen (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441