Global Yeast Extract Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Yeast Extract Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Yeast extract is a food additive that is a concentrated yeast cell content. Commercially available forms are brown sauce or spray-dried yellow-brown powder. Yeast extract can be used as a nutritional supplement, containing a large amount of protein, amino acids, vitamin B group. Yeast extract can also be used as a seasoning with a strong umami flavor, like broth.

Market Overview:

The latest research study on the global Yeast Extract market finds that the global Yeast Extract market reached a value of USD 1884.15 million in 2022. It’s expected that the market will achieve USD 3089.26 million by 2028, exhibiting a CAGR of 8.59% during the forecast period.

Market Drivers

According to the latest UN estimates compiled by Worldometer, the current world population is 7.95 billion as of June 2022. Therefore, with the continuous growth of the global population and the rise of people's economic level, the market size of the food industry continues to expand. Therefore, the scale of the food condiment industry has expanded. Revenues from the sauces and condiments segment will reach $225.4 billion by 2022, according to Statista. The market is expected to grow at an annual rate of 5.15% (2022-2027 CAGR). Of this, most of the revenue comes from China ($38.93 billion in 2022). Yeast Extract is chosen to be added to many industrially produced foods, including many sauces, soups, or ready-to-eat meals. In addition, Yeast Extract is often mixed with salt, plant extracts and other seasonings to make bread spreads, including Marmite in the UK, Vegemite in Australia and Cenovis in Switzerland. In general, with the increase in population and income level, the food condiment industry is expanding, so the market demand for Yeast Extract is increasing. The expansion of the food condiment industry is an important factor driving the development of the industry.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Angel Yeast is one of the major players operating in the Yeast Extract market, holding a share of 21.74% in 2022.

Angel Yeast is mainly engaged in the development, Sales and operation of yeast, yeast derivatives and related biological products. Relying on the advantages of yeast technology and products, it has established an industrial chain that is closely related to upstream and downstream, and has created a number of business fields with yeast as the core. Rich and well-structured. The company is mainly engaged in the Sales and sales of baker's yeast, yeast extract, Saccharomyces cerevisiae, biological feed additives, nutritional health products, food raw materials and other products.

Lesaffre is a French producer of yeast and fermented products and one of the largest in the world. The company works with customers, partners and researchers to find more relevant answers to the needs of food, health, nature and respect for the environment. The company's brands include Saf-instant ® , Livendo ® , l'Hirondelle ®, Ennallin ® and more.

Segmentation Overview:

Among different product types, Basic YE segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Snacks and Biscuits segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Yeast Extract market covered in Chapter 3:

Zhuhai TXY Biotech Holding
Sensient Technologies
Leiber GmbH
Lallemand Bio-Ingredients
Biorigin
Angel Yeast
Lesaffre
Yantai Huahai Biochemical
DSM
Kerry
Asahi Group
KOHJIN Life Sciences
Tangshan Top BioTechnology
ABF Ingredients

In Chapter 4 and Chapter 14.2, on the basis of types, the Yeast Extract market from 2018 to 2029 is primarily split into:

Hou-feel/Mouthfulness YE
Umami Taste YE
Flavor YE
Basic YE
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Yeast Extract market from 2018 to 2029 covers:

Meat Products
Seasoning Sauce
Vegan Foods
Snacks and Biscuits
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)