Specialty Yeast Market Segmentation Application, Technology & Market Analysis Research Report To 2032
The Specialty
Yeast market is expected to increase from USD 115.9 Mn in 2022 to USD
241 Mn by 2032 and is likely to record a CAGR of 6.8% during the forecast
period from 2022 to 2032.
Many factors influence the growth in the sales of specialty
yeast products like growth in women’s employment, growth in the number of the
nuclear family, unavailability of time to prepare food due to busy schedules,
hectic and busy lifestyles, quick and easy preparation, and taste and
preference of customers. About 56.2% of the global population live in urban
areas which host working-class people that have a hectic lifestyle.
Specialty yeast replaces the yeast in processed foods as it
provides food products with nutritious, functional properties and also serves
as a flavor enhancer. Many packaged goods were launched in 2018, including 28%
snacks, 10% soups, and 16% sauces and seasonings using yeast extract as the
main ingredient. Hence the growing demand for processed food is, in effect,
driving the growth of the market for specialty yeast.
Information Source:
https://www.futuremarketinsights.com/reports/specialty-yeast-market
It includes in-depth insights into the specialty
yeast market. Some of these are:
- The
estimated value of the market was US$ 2,039.8 Mn in 2022. Through the
course of the report’s forecast period, the market is exhibited to show a
steady pace of growth.
- Europe
is projected to dominate the specialty yeast industry growth over the
assessment timeline.
- The
regional growth can be credited to the rise in the intake of alcoholic
beverages along with the increase in customer knowledge about the health
advantages derived due to product consumption.
- The specialty
yeast market in North America is expanding alongside advancements in the
food processing sector of the US.
- Investment
in the global specialty yeast market is a nascent trend that has disrupted
the growth dynamics of the market.
Coronavirus might Slow Down the Growth of the Specialty
Yeast Market
The soaring degree of coronavirus spread has made consumers
wary about their spending habits. As globally governments have enforced
directives to curb the spread, recommendations for reduced travel, “social
distancing” and other safety habits will compel consumers to make tough choices
about eating away from home, placing order online or even home cooked meals.
This will in turn have a considerable impact on the market and sales in the
market. Declining spending power across the globe owing to the evolving
recession and short-time appreciation of dollars led to significant decline in
exports and imports.
Who is Winning?
Some of the major players of the global specialty yeast
market are Chr. Hansen Holding A/S, Archer Daniels Midland, Lallemand, Kerry
Group, Lesaffre, Synergy Flavors, Angel Yeast, AB Mauri, Koninklijke
DSM N.V., Levex and others. Specialty yeast widely used in various food
applications will increase due to its unique taste, natural flavoring and other
functional properties and demand for specialty yeast products, providing
manufacturers with a greater opportunity to gain future growth in the market
for specialty yeast.
SPECIALTY YEAST MARKET TAXONOMY
The global Specialty Yeast Market is segmented in detail
to cover every aspect of the market and present complete market intelligence to
readers.
Product Type:
- Yeast
Extract
- Yeast
Autolysate
- Yeast
Beta-Glucan
- Others
Species:
- Saccharomyces
C
- Pichia
Pastoris
- Kluyveromyces
- Others
Application:
- Food
- Beverages
- Feed
- Others
Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- MEA
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