Yeast Extract Market size by Technology (Autolyzed Yeast, Hydrolyzed Yeast (Enzymatic Decomposition)), By Source (Baker's Yeast, Brewer's Yeast, Torula Yeast), By Form (Powder, Paste), By Application (Food & Beverages [Soups, Processed Foods, Dairy Produc

Yeast Extract Market size by Technology (Autolyzed Yeast, Hydrolyzed Yeast (Enzymatic Decomposition)), By Source (Baker's Yeast, Brewer's Yeast, Torula Yeast), By Form (Powder, Paste), By Application (Food & Beverages [Soups, Processed Foods, Dairy Products, Bakery, Sauces & Savory Flavors], Animal Feed, Pharmaceuticals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The global yeast extract market is expected to witness tremendous growth between 2022 and 2030. Rising pet adoption across developed countries and the growing demand for high-quality pet foods and supplements will favor the industry expansion. According to estimates, in the U.S., approximately 4.1 million shelter animals (including 2 million dogs, and 2.1 million cats) are adopted each year.

The advent of digital platforms and apps has helped simplify the overall pet adoption process. Subsequently, the growing need for nutritious pet foods and supplements has encouraged yeast extract companies and manufacturers to develop novel products. For instance, in 2022, biotechnology firm Biorigin which produces yeast, yeast extracts, and derivatives unveiled a new clean-label solution for pet foods that is more attractive, tasty, and palatable.

Companies in the food & beverage sector are also expanding their production infrastructure and conducting R&D to enable the use of natural flavors such as yeast in their products. In July 2022, Synergy Flavors, a leading supplier of extracts and flavors, started the construction of a groundbreaking savory innovation center at its U.S. headquarters in Wauconda.

The yeast extract industry is classified into technology, source, form, application, and region.

Based on form, the market for yeast extract is divided into powder and paste. Yeast extract paste is increasingly used in beauty creams and lotions. These extracts help enhance moisture retention and hydration, which makes them an ideal ingredient in cosmetics. It is also popularly used in the form of paste in DIY face masks, and for different culinary purposes. Estimates suggest that the yeast extract paste market size is anticipated to reach more than USD 210 million by 2030.

By source, the yeast extract industry is segregated into brewer’s yeast, baker’s yeast, and torula yeast. The brewer’s yeast segment is projected to exhibit around 5% CAGR between 2022 and 2030 on account of growing product use in fish and poultry feed.

In terms of technology, the market landscape is bifurcated into hydrolyzed yeast and autolyzed yeast. Among these, hydrolyzed yeast segment is likely to reach over USD 670 million by 2030. The technology is applied across wide industry verticals including personal care and cosmetics, animal feed, and food and beverage. It is gaining momentum as a functional protein source for cattle as it provides moderate amino acid and nucleic acid content.

With respect to application, the yeast extract industry is fragmented into animal feed, pharmaceutical, food & beverage, and others. The industry share from food and beverage applications is expected to record around 5.5% CAGR between 2022 and 2030. Rising demand for frozen foods and heavy reliance on ready-to-eat convenient meals will favor segment growth.

In the regional landscape, the Europe yeast extract market share is poised to surpass USD 950 million by 2030. The region is home to many organic food and confectionery brands. The introduction of favorable government regulations established by the EU Commission associated with clean-label products will trigger demand for yeast extracts across the region in the coming years.