07-Jan-2021 | Zion Market Research
As per Zion Market Research, the specialty yeast market was valued at USD 2.9 billion in 2019 and is projected to cross the mark of USD 4.2 billion by 2025 at a CAGR of 7.5%. The employment of specialty yeast is rising, due to the increasing awareness about its nutritional advantages. Specialty yeasts are surfacing as functional ingredients and price-cutting culinary. The specialty yeast sector shows considerable development, due to the development in the convenience food & beverage sector and up-and-coming non-food applications. Factors such as changing lifestyle, urbanization, the rise in requirement for convenience goods, and user inclination toward natural food ingredient are boosting the global market growth.
The major players in the global market comprise Angel Yeast, Associated British Foods, Lesaffre, Lallemand, and Chr. Hansen. Primary firms in the global market are aiming on growing their attendance via mergers & acquisitions, expansions & investments, and agreements. These firms have a solid existence in Europe and North America. They also have production plants together with solid distribution networks all over these areas.
The Yeast Extract Segment Expected To Rule The Global Market In The Long Run
The yeast extract section is expected to rule the specialty yeast market in the years to come. Increasing application in the food & beverage sector and high availability has resulted to a rise in the requirement for yeast extracts in the industry for the last few years. Europe rules the market owing to rising requirement for specialty yeast from alcohol and bakery sector.
The Elevated Demand For Fermented Goods In Nations Such As India And China Projected To Boost The Growth Of Specialty Yeast Market In Asia Pacific
The food & beverage sector in the Asia Pacific area is developing owing to factors such as the increasing requirement for dairy goods such as yogurt and cheese together with the development in the global market for traditional fermented good and plant-based alternatives. Some of the leading trends seen in the Asia Pacific area comprise rising awareness about wellness & health and the increasing requirement for goods that are pure, natural, and fresh, owing to which fermented flavors such as kombucha and kimchi are attaining fame.
Browse the full “Specialty Yeast Market By Type (Yeast Extracts, Yeast Derivatives, Yeast Autolysates, And Yeast Beta-Glucan), By Application (Biotechnology, Food, Beverages, Healthcare, Bioethanol, Feed, And Personal Care & Cosmetics), And By Species (Kluyveromyces, Saccharomyces Cerevisiae, And Pichia Pastoris): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/specialty-yeast-market
The global specialty yeast market is segmented as follows:
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