Yeast Extract Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Yeast Extract Market
The Yeast Extract Market size was valued at USD 2.05 billion in 2023, and the market is now projected to grow from USD 2.23 billion in 2024 to USD 4.41 billion by 2032, exhibiting a CAGR of 8.92% during the forecast period of 2024-2032.
COVID-19 has led us to the unbeatable struggles. Various industries along with food & beverages, have faced disruption due to the shutdown of manufacturing plants. With strict lockdown measure there has been multiple restrictions and imposition, on trade operations, by the government, ultimately led to the halt of an immense number of barriers to producers and distributors. The Yeast Extract Market Growth has decline due to these factors hampering directly to supply chain of raw material and ingredients.
For the bread-leavening agent, Yeast is very important, also widely used in the food and beverage industry to ferment draft beverages with glucose. Yeast has multiple benefits, as it includes nutrients such as selenium, chromium, protein, potassium, zinc, magnesium, and iron. With being a best choice for dietary supplements, yeast is also popular for bouillons, seasoning sauces, soups, or savoury snacks. The Yeast Extract Market Share is expanding as people are shifting towards vegan products, and it is excellent choice for the vegetarian and vegan dishes. With growing consumption of alcoholic beverages consumers are preferring fresh and healthy foods filled with natural ingredients.
The market is going through a major dietary shift, Veganism. The trend people feel proud to follow. With growing popularity of veganism, use of nutritional yeast extract is increasing, as they are popular for cheesy flavour, gluten free and vegan, making them more popular choice. With global shift towards vegan and plant-based protein products, animal feeding has also gained popularity. The yeast is a single-cell fungus, can be found on plants and soil. The usage of yeast does not include animal suffering, which is loved by vegans. With being rich in minerals, vitamins, and antioxidants, great with texture, flavour and nutrition of food products, it is now natural alternative option for food companies, which is helping them to avoid animal ingredients.
Comprehensive Analysis of Yeast Extract Market
The Yeast Extract Market and Food & Beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the food benefit management industry. These segmentations are methodically segregated By Type Analysis, and By Application Analysis. The types of devices include, Autolyzed, and Hydrolyzed. However, the application analysis includes such as Food and Beverages, Animal Feed, Pharmaceuticals, & Others.
Europe is domination the Yeast Extract Market, by capturing the 35% of the global market share, along with growing trend. The region is witnessing rising consumption of nutritional yeast extracts processes foods, contributing to the market growth. With growing urbanisation, the demand for bread and baked food products is rising among consumers, as they preferring natural ingredients, and organic extracts in food and beverage, making the segment popular choice of area to expand by the industries.
The top players in the market play a crucial role in the Food & Beverages industry assuring industrial prospectus growth and setting market standards. These players include,Lesaffre (France), AngelYeast Co., Ltd (China), Halcyon Proteins, (Australia), Biospringer. (France), Thai Foods International (Thailand), Alltech (U.S.), Synergy Flavors (U.S.), Lallemand, Inc. (Canada), Ohly (Germany), & Leiber GmBH (Germany), these market players provide a level-playing competitive landscape.
Angel Yeast, a popular food industry has introduces a new product in the Shanghai Exhibition. The new yeast product is a semi-dry yeast for premade baking goods, bread improver, yeast protein, and clean label flavour improver.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 8.92% over 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Autolyzed
Hydrolyzed
By Application
Food and Beverages
Animal Feed
Pharmaceuticals
Others
By Geography
North America (By Type, Application, and By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, Application, and By Country)
- Germany (By Application)
- U.K. (By Application)
- Russia (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Application, and By Country)
- China (By Application)
- India (By Application)
- Australia (By Application)
- Japan (By Application)
- Rest of Asia Pacific (By Application)
South America (By Type, Application, and By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East and Africa (By Type, Application, and By Country)
- South Africa (By Application)
- UAE (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis Related to COVID-19
- 5. Global Protein Supplements Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Source
- 5.2.1.1. Plant-Based
- 5.2.1.2. Animal-Based
- 5.2.1.3. Others
- 5.2.2. By Product
- 5.2.2.1. Protein Powder
- 5.2.2.2. RTD
- 5.2.2.3. Protein Bars
- 5.2.2.4. Others
- 5.2.3. By Distribution Channel
- 5.2.3.1. Supermarkets and Hypermarkets
- 5.2.3.2. Pharmacies
- 5.2.3.3. Online Retail
- 5.2.3.4. Others
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Protein Supplements Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Source
- 6.2.1.1. Plant-Based
- 6.2.1.2. Animal-Based
- 6.2.1.3. Others
- 6.2.2. By Product
- 6.2.2.1. Protein Powder
- 6.2.2.2. RTD
- 6.2.2.3. Protein Bars
- 6.2.2.4. Others
- 6.2.3. By Distribution Channel
- 6.2.3.1. Supermarkets and Hypermarkets
- 6.2.3.2. Pharmacies
- 6.2.3.3. Online Retail
- 6.2.3.4. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S.
- 6.2.4.1.1. By Distribution Channel
- 6.2.4.1.1.1. Supermarkets and Hypermarkets
- 6.2.4.1.1.2. Pharmacies
- 6.2.4.1.1.3. Online Retail
- 6.2.4.1.1.4. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Distribution Channel
- 6.2.4.2.1.1. Supermarkets and Hypermarkets
- 6.2.4.2.1.2. Pharmacies
- 6.2.4.2.1.3. Online Retail
- 6.2.4.2.1.4. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Distribution Channel
- 6.2.4.3.1.1. Supermarkets and Hypermarkets
- 6.2.4.3.1.2. Pharmacies
- 6.2.4.3.1.3. Online Retail
- 6.2.4.3.1.4. Others
- 7. Europe Protein Supplements Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Source
- 7.2.1.1. Plant-Based
- 7.2.1.2. Animal-Based
- 7.2.1.3. Others
- 7.2.2. By Product
- 7.2.2.1. Protein Powder
- 7.2.2.2. RTD
- 7.2.2.3. Protein Bars
- 7.2.2.4. Others
- 7.2.3. By Distribution Channel
- 7.2.3.1. Supermarkets and Hypermarkets
- 7.2.3.2. Pharmacies
- 7.2.3.3. Online Retail
- 7.2.3.4. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Distribution Channel
- 7.2.4.1.1.1. Supermarkets and Hypermarkets
- 7.2.4.1.1.2. Pharmacies
- 7.2.4.1.1.3. Online Retail
- 7.2.4.1.1.4. Others
- 7.2.4.2. France
- 7.2.4.2.1. By Distribution Channel
- 7.2.4.2.1.1. Supermarkets and Hypermarkets
- 7.2.4.2.1.2. Pharmacies
- 7.2.4.2.1.3. Online Retail
- 7.2.4.2.1.4. Others
- 7.2.4.3. Italy
- 7.2.4.3.1. By Distribution Channel
- 7.2.4.3.1.1. Supermarkets and Hypermarkets
- 7.2.4.3.1.2. Pharmacies
- 7.2.4.3.1.3. Online Retail
- 7.2.4.3.1.4. Others
- 7.2.4.4. U.K.
- 7.2.4.4.1. By Distribution Channel
- 7.2.4.4.1.1. Supermarkets and Hypermarkets
- 7.2.4.4.1.2. Pharmacies
- 7.2.4.4.1.3. Online Retail
- 7.2.4.4.1.4. Others
- 7.2.4.5. Spain
- 7.2.4.5.1. By Distribution Channel
- 7.2.4.5.1.1. Supermarkets and Hypermarkets
- 7.2.4.5.1.2. Pharmacies
- 7.2.4.5.1.3. Online Retail
- 7.2.4.5.1.4. Others
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Distribution Channel
- 7.2.4.6.1.1. Supermarkets and Hypermarkets
- 7.2.4.6.1.2. Pharmacies
- 7.2.4.6.1.3. Online Retail
- 7.2.4.6.1.4. Others
- 8. Asia Pacific Protein Supplements Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Source
- 8.2.1.1. Plant-Based
- 8.2.1.2. Animal-Based
- 8.2.1.3. Others
- 8.2.2. By Product
- 8.2.2.1. Protein Powder
- 8.2.2.2. RTD
- 8.2.2.3. Protein Bars
- 8.2.2.4. Others
- 8.2.3. By Distribution Channel
- 8.2.3.1. Supermarkets and Hypermarkets
- 8.2.3.2. Pharmacies
- 8.2.3.3. Online Retail
- 8.2.3.4. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Distribution Channel
- 8.2.4.1.1.1. Supermarkets and Hypermarkets
- 8.2.4.1.1.2. Pharmacies
- 8.2.4.1.1.3. Online Retail
- 8.2.4.1.1.4. Others
- 8.2.4.2. India
- 8.2.4.2.1. By Distribution Channel
- 8.2.4.2.1.1. Supermarkets and Hypermarkets
- 8.2.4.2.1.2. Pharmacies
- 8.2.4.2.1.3. Online Retail
- 8.2.4.2.1.4. Others
- 8.2.4.3. Japan
- 8.2.4.3.1. By Distribution Channel
- 8.2.4.3.1.1. Supermarkets and Hypermarkets
- 8.2.4.3.1.2. Pharmacies
- 8.2.4.3.1.3. Online Retail
- 8.2.4.3.1.4. Others
- 8.2.4.4. Australia
- 8.2.4.4.1. By Distribution Channel
- 8.2.4.4.1.1. Supermarkets and Hypermarkets
- 8.2.4.4.1.2. Pharmacies
- 8.2.4.4.1.3. Online Retail
- 8.2.4.4.1.4. Others
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Distribution Channel
- 8.2.4.5.1.1. Supermarkets and Hypermarkets
- 8.2.4.5.1.2. Pharmacies
- 8.2.4.5.1.3. Online Retail
- 8.2.4.5.1.4. Others
- 9. South America Protein Supplements Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Source
- 9.2.1.1. Plant-Based
- 9.2.1.2. Animal-Based
- 9.2.1.3. Others
- 9.2.2. By Product
- 9.2.2.1. Protein Powder
- 9.2.2.2. RTD
- 9.2.2.3. Protein Bars
- 9.2.2.4. Others
- 9.2.3. By Distribution Channel
- 9.2.3.1. Supermarkets and Hypermarkets
- 9.2.3.2. Pharmacies
- 9.2.3.3. Online Retail
- 9.2.3.4. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Distribution Channel
- 9.2.4.1.1.1. Supermarkets and Hypermarkets
- 9.2.4.1.1.2. Pharmacies
- 9.2.4.1.1.3. Online Retail
- 9.2.4.1.1.4. Others
- 9.2.4.2. Argentina
- 9.2.4.2.1. By Distribution Channel
- 9.2.4.2.1.1. Supermarkets and Hypermarkets
- 9.2.4.2.1.2. Pharmacies
- 9.2.4.2.1.3. Online Retail
- 9.2.4.2.1.4. Others
- 9.2.4.3. Rest of South America
- 9.2.4.3.1. By Distribution Channel
- 9.2.4.3.1.1. Supermarkets and Hypermarkets
- 9.2.4.3.1.2. Pharmacies
- 9.2.4.3.1.3. Online Retail
- 9.2.4.3.1.4. Others
- 10. Middle East & Africa Protein Supplements Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Source
- 10.2.1.1. Plant-Based
- 10.2.1.2. Animal-Based
- 10.2.1.3. Others
- 10.2.2. By Product
- 10.2.2.1. Protein Powder
- 10.2.2.2. RTD
- 10.2.2.3. Protein Bars
- 10.2.2.4. Others
- 10.2.3. By Distribution Channel
- 10.2.3.1. Supermarkets and Hypermarkets
- 10.2.3.2. Pharmacies
- 10.2.3.3. Online Retail
- 10.2.3.4. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Distribution Channel
- 10.2.4.1.1.1. Supermarkets and Hypermarkets
- 10.2.4.1.1.2. Pharmacies
- 10.2.4.1.1.3. Online Retail
- 10.2.4.1.1.4. Others
- 10.2.4.2. UAE
- 10.2.4.2.1. By Distribution Channel
- 10.2.4.2.1.1. Supermarkets and Hypermarkets
- 10.2.4.2.1.2. Pharmacies
- 10.2.4.2.1.3. Online Retail
- 10.2.4.2.1.4. Others
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Distribution Channel
- 10.2.4.3.1.1. Supermarkets and Hypermarkets
- 10.2.4.3.1.2. Pharmacies
- 10.2.4.3.1.3. Online Retail
- 10.2.4.3.1.4. Others
- 11. Competitive Analysis
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Protein Supplements Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Glanbia Plc
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. MusclePharm
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Abbott
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. CytoSport, Inc
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Quest Nutrition
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. The Bountiful Company
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. The Himalaya Drug Company
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. NOW Foods
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. RSP Nutrition
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. BPI Sports LLC.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13.
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