The global specialty yeast market size is estimated to be valued at USD 3.2 billion in 2022 and is projected to reach USD 4.6 billion by 2027, recording a CAGR of 7.0% in terms of value. Specialty yeasts are natural ingredients that are used for enhancement of flavor and nutritional profile in food products. The various types of specialty yeast products are yeast extracts, yeast autolysates, yeast beta-glucan, and other yeast derivatives such as yeast flavor enhancers, yeast saccharides and yeast pigments. Specialty yeasts are obtained from a range of different species such as Saccharomyces cerevisiae, Kluyveromyces, Pichia pastoris and other species such as Torulaspora delbrueckii, Metschnikowia fructicola, and Candida queretana. Specialty yeasts find a range of applications across various food, beverage and feed industries because they offer a rich nutritional profile and enhance the taste and flavorings for food, beverage and feed products. Specialty yeasts also find extensive applications across other industries such as healthcare, biotechnology, bioethanol, personal care and cosmetics because of their nutritive and antioxidant characteristics.
The Europe region accounted for the largest market share in the global specialty yeast market. The region is also projected to witness significant growth due to presence of several local and key players in the region. The region has a high consumption rate of alcoholic beverages and convenience snacks which are significant contributors to the growth of specialty yeast industry in the region.
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Based on type, yeast extracts accounted for the largest market share in the overall specialty yeast market. Yeast extract is a completely natural ingredient that offers a rich source of amino acids, carbohydrates, minerals and vitamins. Yeast extracts cater to a large range of food applications and offer a strong taste and flavor profiles across a host of food products such as soups, sauces, meat preparations and other savory mixes.
Amongst species, Saccharomyces cerevisiae dominates the specialty yeast market in 2021. They are one of the most frequently used yeast species because of their desirable characteristics of being able to withstand stressful conditions and robustness. Along with that, Saccharomyces cerevisiae also offers other important characteristics such as high fermentation efficiency, rapid growth rate, effective usage of sugar, the ability to produce ethanol, tolerance to high ethanol concentrations, and ensuring cell activity in acidic environments due to which they find extensive applications in yeast extracts that are used across a wide range of industries to produce bread, wine, soy sauce and beer.
Based on application, food application accounted for the largest and fastest growing segment in the specialty yeast industry because of the wide applicability of specialty yeasts in various food products such as bakery products, functional foods, savory products and other food applications such as soups, snacks, food flavors, sauces and seasonings.
