According to the new market research report "Yeast Ingredients Market by Type (Yeast Extract, Autolyzed Yeast, Yeast Cell Wall, Yeast-based Flavor), Application (Food, Feed & Pet Food, Pharmaceuticals), Source (Baker’s Yeast, Brewer’s Yeast), & by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets™, the market for Yeast Ingredients Market is projected to reach USD 2.7 Billion by 2020, at a CAGR of 8.2%
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The yeast ingredients market is segmented on the basis of key type, application, source, and region. The yeast ingredients industry is restrained by scarcity for raw materials and intense competition for the same. Emerging applications of yeast ingredients in pharmaceuticals, personal care, and cosmetics are estimated to be the key driving factors for the yeast ingredients market.
The yeast ingredients market is directly influenced by the growth of natural ingredients in the processed food industry. Consumer interest in organic food products prepared from natural ingredients remains strong during the forecast years. Moreover, stringent regulations on the use of synthetic ingredients are pressurizing manufacturers to meet these challenges. Yeast ingredients help manufacturers in offering a clean label to their products, and satisfying the consumer’s demand for natural ingredients within their budget parameters.
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The market for yeast ingredients is projected to witness a steady growth due to the diversified products available in the market. The report estimates the market size, in terms of value and volume, of yeast ingredients, based on their type, application, source, and geography. The report provides a detailed analysis of the yeast ingredients market, which is segmented into yeast extracts, autolyzed yeast, yeast cell wall, and yeast-based flavor. Yeast ingredients have also been segmented on the basis of their source- baker’s yeast and brewer’s yeast.
European region is projected to be the fastest-growing region in the Yeast Ingredients Market
The European region accounted for the largest share in the market for yeast ingredients in 2014, owing to the heavy demands for natural ingredients from the flourishing processed food market of the region. Food application dominates the market with around three-fourth share in terms of value as well as volume. It is the fastest growing application, projected to attain 8.3% during the forecast years. The markets for yeast ingredients for applications in feed and pharmaceutical sectors are emerging with substantial opportunities and are projected to grow at CAGRs of 8.0% and 8.1% from 2015 to 2020..
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Key players profiled in the report include Associated British Foods plc (U.K.), Kerry Group plc (Ireland), Royal DSM N.V. (The Netherlands), Sensient Technologies Corporation (U.S.), Angel Yeast Co., Ltd (China), Lesaffre Group (France), Leiber GmbH (Germany), and LALLEMAND Inc. (Canada).
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Yeast Ingredients Market worth USD 2.7 Billion by 2020
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