Yeast Ingredients Market Size, Share & Trends Analysis Report By Product (Yeast Extracts, Yeast Autolysates, Yeast Beta-Glucan Yeast Derivatives, Others), By Application (Food, Feed, Others), By Region, And Segment Forecasts, 2023 - 2030

Yeast Ingredients Market Size, Share & Trends Analysis Report By Product (Yeast Extracts, Yeast Autolysates, Yeast Beta-Glucan Yeast Derivatives, Others), By Application (Food, Feed, Others), By Region, And Segment Forecasts, 2023 - 2030

Yeast Ingredients Market Growth & Trends

The global yeast ingredients market size is expected to reach USD 4.90 billion by 2030, registering a CAGR of 8.4% from 2023 to 2030, according to a new report by Grand View Research, Inc., Rising usage of yeast ingredients in the food industry, coupled with government initiatives to promote use of these ingredients in food products, is expected to boost the growth of the market over the forecast period.

Furthermore, high demand for yeast ingredients from various application segments such as fermentation, baking, medical, nutritional supplement, and molecular genetics is expected to restrict the availability of yeast as a raw material for production of ingredients. Hence, raw material availability is a major challenge faced by players in the yeast ingredients market.

The demand for yeast ingredients in food products and supplements is anticipated to exhibit high growth on account of rising use of natural additives and ingredients in bakery and functional food products. In addition, significant demand for ready-to-eat food items and convenience foods is expected to fuel the consumption of yeast ingredients in the food industry over the forecast period. In addition, rising consumer awareness regarding consequent health benefits and nutritional significance of yeast extracts is expected to create growth opportunities for market players over the forecast period.

E-commerce portals provide access to products through key benefits including favorable discounts and cash-on-delivery features. Burgeoning popularity of these portals as a distribution channel for food supplements is expected to benefit the growth of the overall market during the forecast period. The Food and Drug Administration (FDA) imposed numerous regulations concerning labeling of food supplements on account of increasing number of reported incidences regarding violation of label standards as well as product quality. As a result, food supplement and bakery product manufacturers are expected to increase their expenditure on development of better quality food products.

Asia Pacific is the fastest-growing market for yeast ingredients worldwide. Developing countries in APAC have been experiencing strong economic growth. Rising living standards and increasing population are stirring up the demand for bakery and convenience food products in the region. Rising disposable incomes and exposure to international foods and flavors are impelling consumers to change their food habits and consume more ready-to-eat-products. All these factors are anticipated to bode well for the market in the region.

Yeast Ingredients Market Report Highlights

• The yeast extracts segment accounted for the largest revenue share of 37.7% in 2022 and is expected to expand at a CAGR of 9.2% during the forecast period. Yeast extract refers to beneficial components extracted by autolysis.
• In terms of revenue, the yeast autolysates segment is anticipated to post a CAGR of 8.1% over the forecast period
• The food segment held the largest revenue share of 60.4% in 2022 and is expected to expand at a CAGR of 8.8% over the forecast period. The demand for the product for food applications is anticipated to experience an upsurge over the coming years as consumers prefer balanced diets.
• Europe dominated the yeast ingredients market and accounted for the largest revenue share of 35.5% in 2022. It is expected to witness substantial growth over the forecast period owing to developments in the bakery industry and expansion of business in target markets including Germany, the U.K., Italy, and France.

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