The specialty yeast market is estimated to reach a whopping USD 4.6 billion by 2027, with a CAGR of 7.0% between 2022 and 2027, as per MarketsandMarkets analysis. The demand for specialty yeast products is rising significantly in various industries, including food, beverage, feed, healthcare, biotechnology, and cosmetics. These products enhance the nutritional value of food and feed, as well as provide a strong taste and flavor that makes them desirable in the food industry.
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The specialty yeast market is dominated by yeast extracts, which account for the largest share. Yeast extracts have gained considerable traction in the industry due to the recent rise in awareness regarding natural ingredients and products. They offer desirable characteristics such as amino acids, carbohydrates, minerals, and vitamins, and are used in various food products such as soups, sauces, meat preparations, and savory mixes.
Saccharomyces cerevisiae is projected to account for the largest market share in the specialty yeast market, primarily due to its robustness and the ability to withstand stressful conditions. It is used for the production of bread, beer, wine, and soy sauce, offering desirable characteristics such as high fermentation efficiency and rapid growth rate.
The food industry is the fastest-growing segment of the specialty yeast market, with an increasing demand for specialty yeast products in bakery products, functional foods, savory products, food flavorings, soups, snacks, sauces, and seasonings.
Europe is expected to be the largest market for the specialty yeast industry during the forecast period, owing to the well-established food and beverage industries and the increasing demand for natural ingredients in the region. The growth of the bioethanol industry in the European market has also contributed significantly to the growth of the specialty yeast market in Europe.
The report includes a study on the marketing and development strategies, along with the product portfolios of leading companies such as Associated British Foods Plc (UK), ADM (US), Lallemand Inc. (Canada), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Kerry Group Plc. (Ireland), Lesaffre (France), and AngelYeast Co., Ltd.