Specialty Yeast Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMFB2474 | Last Updated On: Oct 27 2022 | Available Formats

> Global Specialty Yeast Market Expected to reach a high CAGR of 8.2% By 2029: DataM Intelligence

Global Specialty Yeast Market is segmented By Product Type (Yeast Extracts, Yeast Autolysate, Yeast Beta-Glucan, Other Yeast Derivatives), By Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Others), By Application (Food (Bakery, Functional Food, Savory, Others), Beverage, Feed, Other Applications), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[178 Pages Report] The Global Specialty Yeast Market is expected to grow at a high CAGR of 8.2% during the forecasting period (2022-2029).

Specialty Yeast Market - Strategic Insights

Metrics

Details

Market CAGR

 8.2%

Segments Covered

By Product Type, By Species, By Application and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

To Get a Free Sample Click here

Specialty yeast is the yeast extracted through the yeast used for the preparation of the different food products such as bakery, savory, meat dishes, ready meals, and others. The specialty yeast is widely used in producing alcoholic beverages, baking, ethanol production, bioremediation, nutritional supplements, yeast extract, probiotics, genetically engineered biofactories, and others. Several specialty yeast products such as yeast extracts, beat glucan yeast, yeast autolysis, and others are emerging as cost-cutting culinary and functional ingredients.

Market Dynamics:

The market is driven by the rising demand for the specialty yeast in the convenience food & beverage industry and emerging non-food applications with the growing urbanization, changing lifestyle. Specialty yeast is widely used in various applications such as sauces, snacks, bakery items, functional diets, and ready-to-eat meat. There is a rising intake of convenience food & beverages. shall stimulate market growth.

The increase in the launch of the specialty yeast products shall stimulate market growth. For instance, in January 2019, Ohly had launched the new yeast cell wall product produced from primary cultivated yeast by hydrolysis Ohly-GO Wall. This product combines the health benefits of Mannan Oligosaccharides (MOS) and b-glucans. This new yeast cell wall is effective in reducing mortality, improving body weight gain and feed conversion ratio, immune modulation, and pathogen binding. It comprised of the char

In June 2016, Biospringer had launched the Springer Organic Baker’s Yeast Extract with flavor enhancement and taste modification. The Springer Organic Baker’s Yeast Extract is a natural ingredient produced from yeast without any chemical additives. Springer Organic Baker’s Yeast Extract can be used in a wide range of applications to boost and enhance savory notes, including snacks, dressings, soups, sauces, gravies, and vegetarian products.

The market is witnessing the expansion in the production capacity for specialty yeast. For instance, In September 2019, Biospringer had invested USD 29 million for the expansion of its yeast extract production plant in Cedar Rapids. The expansion includes an $11.1 million, 20,000square-foot building expansion, and $17.9 million for machinery and equipment.

In March 2019, LEVUCELL SC TITAN and LEVUCELL SB TITAN, Lallemand Animal Nutrition had expanded the production capacity of its dedicated yeast production plant in Józefów, Poland to meet the growing market demand. The major investments had made the investment to double both yeast drying and micro-encapsulation capacities.

Segment Analysis

The global specialty yeast market is segmented based on product type as the yeast extracts, yeast autolysates, yeast beta-glucan, and other yeast derivatives. The yeast extract segment accounts for the highest market share due to the high availability of the yeast extract. There is a growing usage of yeast extract in the food & beverage industry due to its nutritional properties and organic nature.  Yeast extract is a natural ingredient that is obtained by transforming yeast into yeast extract sing enzymes that digest it into savory, taste-delivering protein parts followed by removal of the cell wall and drying it. It is suitable for vegan and vegetarian products. It is widely used as the food additives to create umami taste sensations & savory flavors in packed food products like canned & frozen soups, bakery items, sauces, and savory mixes, snack foods, frozen meats, dairy products, and others. The yeast extract is a rich source of protein, vitamins, amino acids, and minerals.  Yeast extract is also used in sauce, composite flavoring, meats, frozen food, leisure food, essence, and spices.

Further, the market is also classified based on the species as the saccharomyces cerevisiae, Pichia pastoris, kluyveromyces, and others. The saccharomyces cerevisiae segment accounts for the highest market share due to the high usage of saccharomyces cerevisiae as it is a robust and versatile yeast that can withstand stressful conditions. There is growing usage of the saccharomyces cerevisiae in the food industry. It is widely used in the fermentation of wine and ethanol. There is high usage of the saccharomyces cerevisiae in the feed due to its functional properties and health benefits. It helps in improving nutrient digestion among dairy cattle, reduction of acidosis among rumen, and an overall improvement in animal performance.

Geographical Presentation

By region, the global specialty yeast market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Europe dominated the global specialty yeast market and is expected to grow at the highest CAGR during the forecasted period owing to the high consumption of alcoholic beverages and savory products. The growing convenience foods due to growing urbanization shall stimulate market growth. There is increasing usage of the specialty yeast in feed products as a protein source. The specialty yeasts are used for the production of feed, bioethanol, biotechnology, cosmetics, and personal care products. The technologically advanced techniques are used for the development of the specialty yeast. There is the presence of several major players that are developing the specialty yeast. Several institutes, organizations, and associations are involved in creating awareness regarding specialty yeast products. For instance, European Association for Specialty Yeast Products (EURASYP) is creating awareness regarding the specialty yeast products including the yeast extract as an ingredient in a wide variety of products and dishes

The Asia Pacific segment is expected to witness positive growth over the forecasted period due to the growth in the convenience food & beverage industry with the changing lifestyle. There are emerging non-food applications of the use of specialty yeast. The rising demand for bakery products, high-quality animal feed shall stimulate market growth. There is growing awareness regarding the nutritional benefits of the specialty yeast.

Competitive Analysis

The global Specialty Yeast market is highly competitive with the presence of several international and local markets. Associated British Foods, Archer Daniels Midland Lallemand, Chr. Hansen, Koninklijke DSM N.V, Kerry, Lesaffre, Angel Yeast, Biorigin, and Beldem are the leading market players with significant market share.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Specialty Yeast and their expansion across the globe. For instance, in March 2019, BioTork, LLC had entered into the collaboration with Lallemand Biofuels & Distilled Spirits for the development of improved yeast strains for the ethanol industry. Under the terms of the agreement, BioTork’s evolutionary strain improvement technology would complement Lallemand’s metabolic engineering approach to strain development.

In January 2019, Ohly had entered into the strategic partnership with Lallemand for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole-cell business in the United States. Under the terms of the agreement, Ohly had divested its Hutchinson Torula Yeast facility and associated Torula whole-cell business to Lallemand, a leading global producer of yeast and bacteria-based products, with immediate effect. Ohly would continue to operate globally and within the United States out of its Boyceville facility

In December 2018, Kerry had entered into an agreement to acquire Ariake USA, the North American Business of Ariake Japan Co. This acquisition would enhance the Group’s foundational technology portfolio, strengthening its foodservice positioning in line with strategic growth priorities.

In February 2018, Lesaffre had acquired Alltech’s yeast extract facility in Serbia. This acquisition would strengthen the company’s presence in the specialty yeast market.

Why Purchase the Report?

  • Visualize the composition of the global specialty yeast market products in terms of product type, species, and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global specialty yeast market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global specialty yeast market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global specialty yeast market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors

Frequently Asked Questions

What is the Projected CAGR value of the Specialty Yeast Market?

Specialty Yeast Market is expected to grow at a CAGR of 8.2% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Specialty Yeast Market during 2022-2029.

Which is the fastest growing region in the Specialty Yeast Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Trending Topics

Yeast Market

Yeast Extract Market

Feed Yeast Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest