Global Specialty Yeast Market: Overview
Yeast is a eukaryotic single-celled microbe and the first of its kind that came into existence many years ago. The size of the yeast varies massively based on the species and environment. It measures nearly three to four micrometer in diameter size and some of the yeasts can measure up to approximately 40 micrometers in diameter. Specialty yeasts include those that are used in producing alcoholic beverages, baking, ethanol production, bioremediation, nutritional supplements, yeast extract, probiotics, genetically engineered biofactories, and aquarium hobbies.
Global Specialty Yeast Market: Growth Factors
Large scale application of the product in sauces, snacks, bakery items, functional diets, and ready-to-eat meat as a result of massive consciousness about its nutritional advantages will boost the business trends. Apart from this, specialty yeasts like yeast extracts are becoming more popular due to the cost-cutting culinary and functional constituents. Additionally, immense use of the product in the convenience food & beverages sector, as well as its application in evolving non-food sectors, will impel the specialty yeast market size. Moreover, rapidly altering lifestyles, urbanization, and rise in the convenience food product demand are likely to accelerate the growth rate of the specialty yeast industry. Furthermore, massive customer inclination for natural or organic foods is expected to drive the market demand over the forthcoming years. Escalating demand for beer and wine due to its large-scale intake in both developing as well as developed countries will not only result in massive product penetration across the alcoholic beverages sector but will also bulge the market earnings.
Global Specialty Yeast Market: Segmentation
The specialty yeast market can be sectored into type, application, and species. Based on the type, the industry can be segregated into yeast extracts, yeast derivatives, yeast autolysates, and yeast beta-glucan. Application wise, the industry can be classified into biotechnology, food, beverages, healthcare, bioethanol, feed, personal care & cosmetics. On the basis of species, the specialty yeast industry is segmented into Kluyveromyces, Saccharomyces Cerevisiae, and Pichia Pastoris.
Global Specialty Yeast Market: Regional Analysis
Europe is projected to dominate the specialty yeast industry growth over the assessment timeline. The regional growth can be credited to the rise in the intake of alcoholic beverages along with the increase in customer knowledge about the health advantages derived due to the product consumption. In addition to this, the industry in the region is rapidly gaining traction owing to the spillover impact of rapidly expanding food processing sector along with the enforcement of strict laws pertaining to use of synthetic constituents in the various food items.
Moreover, thriving food & beverage sector in the Asia Pacific due to the escalating popularity of dairy items such as yogurt and cheese will impel the regional market size. In addition to this, massive consciousness pertaining to health & wellness along with burgeoning demand for pure, natural, and fresh food products will proliferate the industry growth in the region. The escalating popularity of fermented flavors like kimchi and kombucha will inflate the growth rate of the regional market.
Global Specialty Yeast Market: Competitive Players
Few of the main participants in the specialty yeast market are Angel Yeast, Lallemand, Associated British Foods, Lesaffre, and Chr. Hansen. Koninklijke DSM N.V, Angel Yeast, Synergy Flavors, Biorigin, Archer Daniels Midland, Kemin Industries, Leiber, Nutreco N.V., and Levex.
Global Specialty Yeast Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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