Global Yeast Extract Market Growth 2023-2029

Global Yeast Extract Market Growth 2023-2029

Yeast extract is produced commercially by heating a suspension of yeast; the enzymes in the yeast cell then degrade the cell wall. The result has more concentrated flavor and a different texture. This is the process used for Vegemite, Marmite, and the like. Yeast extract is used as a flavoring in foods.

LPI (LP Information)' newest research report, the “Yeast Extract Industry Forecast” looks at past sales and reviews total world Yeast Extract sales in 2022, providing a comprehensive analysis by region and market sector of projected Yeast Extract sales for 2023 through 2029. With Yeast Extract sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Yeast Extract industry.

This Insight Report provides a comprehensive analysis of the global Yeast Extract landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Yeast Extract portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Yeast Extract market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Yeast Extract and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Yeast Extract.

The global Yeast Extract market size is projected to grow from US$ 1735.1 million in 2022 to US$ 2258.6 million in 2029; it is expected to grow at a CAGR of 2258.6 from 2023 to 2029.

Global core yeast extract manufacturers include Angel Yeast, Lesaffre and AB Mauri etc. The top 3 companies hold a share about 57%. Europe is the largest market, with a share about 40%, followed by Asia Pacific and Americas with the share about 31% and 22%. In terms of product, basic YE is the largest segment, with a share over 40%. And in terms of application, the largest application is meat products, followed by snacks and biscuits.

This report presents a comprehensive overview, market shares, and growth opportunities of Yeast Extract market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Hou-feel/Mouthfulness YE

Umami Taste YE

Flavor YE

Basic YE

Segmentation by application

Meat Products

Seasoning Sauce

Vegan Foods

Snacks and Biscuits

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Angel Yeast

Lesaffre

AB Mauri

DSM

Lallemand Bio-Ingredients

ABF Ingredients

KOHJIN Life Sciences

Yeastock

Kerry

Leiber GmbH

Sensient BioNutrients

Zhuhai TXY Biotech Holding

Shandong Sunkeen

Tangshan Top BioTechnology

Qixiang Biotechnology

Jiangshan Bio-tech

Yantai Huahai Biochemical

Biorigin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Yeast Extract market?

What factors are driving Yeast Extract market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Yeast Extract market opportunities vary by end market size?

How does Yeast Extract break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.