Yeast Extract Market By Type (Yeastolate, Yeast Extracts, Active Dry Yeast), By Application (Pharmaceuticals, Biotechnology), By Form (Liquid, Dry): Global Opportunity Analysis and Industry Forecast, 2024-2035
Yeast Extract Market
The global yeast extract market was valued at $440.9 million in 2023 and is projected to reach $1,038.3 million by 2035, registering a CAGR of 7.5% from 2024 to 2035.
Yeast extract is a natural component derived from the cellular content of yeasts, generally Saccharomyces cerevisiae. The yeast cells are broken down through processes such as autolysis or enzymatic treatment and their soluble components are concentrated into a paste, powder, or liquid form. The extract exhibits a rich nutritional profile as it comprises vitamins, proteins, amino acids, beta-glucans, and nucleotides.
The rich nutritional profile of yeast extract has made it a critical ingredient in the biopharmaceutical sector for the production of different medications. Therefore, the expansion of the biopharmaceutical sector is a significant driver of the yeast extract market. In addition, the inclination of consumers toward clean-label products is augmenting the market growth as yeast extract serves as a natural flavor enhancer, thus limiting the addition of artificial flavors in food & beverages. Due to its remarkable nutritional value, the usage of yeast extract as a supplement in the feed of livestock, poultry, and aquatic organisms has become a prominent trend. The extract helps to improve the feed conversion ratios of animals and enhances their immunity.
However, large-scale production of yeast extract is an expensive process as it requires specialized equipment for fermentation processes and good quality raw materials. This limits the purchase of the extract in price-sensitive sectors, hence restraining the market development. On the contrary, rise in awareness regarding circular economy is projected to present lucrative opportunities for the market as the fermentation of yeast extract aligns with the waste reduction and sustainable development approaches. Yeast extract is easily attainable from the byproducts of the brewing or baking industry, hence promoting sustainability and reducing environmental impact. According to a report by the United Nations, the adoption of circular economy approach is anticipated to reduce the volume of municipal solid waste from more than 4.5 billion tons a year to less than 2 billion tons by 2050. Therefore, the production of yeast extract by industrial byproducts is projected to reduce its overall prices and open new avenues for the market.
Segment ReviewThe yeast extract market is segmented into type, application, form, and region. By type, the market is divided into yeastolate, yeast extracts, and active dry yeast. According to application, it is bifurcated into pharmaceuticals and biotechnology. Further, the pharmaceuticals segment is divided into vaccine production, probiotics, antibiotic production, and biopharmaceuticals. The biotechnology segment is segregated into cell culture media and enzyme production. As per form, the market is classified into liquid and dry. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and rest of LAMEA).
Key FindingsBy type, the active dry yeast segment dominated the market in 2023.According to application, the pharmaceuticals segment acquired a notable stake in the market in 2023.
As per form, the dry segment was the highest shareholder in 2023.
Region wise, Europe was the highest revenue generator in 2023.
Competition AnalysisThe major players in the yeast extract market include AngelYeast Co., Ltd., Associated British Foods PLC, CELLSECO LTD., FUJIFILM Irvine Scientific, Kerry Group, Lallemand Inc., LESAFFRE GROUP, Merck KGaA, Nu-Tek BioSciences, Thermo Fisher Scientific Inc., and VWR International, LLC. These major players have adopted various key development strategies such as acquisition, agreement, collaboration, joint venture, partnership, and product launch to strengthen their foothold in the competitive market.
Key Benefits for StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the yeast extract market analysis from 2023 to 2035 to identify the prevailing yeast extract market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the yeast extract market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global yeast extract market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy FormLiquid
Dry
By TypeYeastolate
Yeast Extracts
Active Dry Yeast
By ApplicationPharmaceuticals
Sub-type
Vaccine Production
Probiotics
Antibiotic Production
Biopharmaceuticals
Biotechnology
Sub-type
Cell Culture Media
Enzyme Production
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersLESAFFRE GROUP
Lallemand Inc.
Associated British Foods PLC
CELLSECO LTD.
Merck KGaA
Thermo Fisher Scientific Inc.
Nu-Tek BioSciences
Kerry Group
VWR International, LLC.
FUJIFILM Irvine Scientific
AngelYeast Co., Ltd.