Yeast and Yeast Extract Market Size, Share, Key Players Review

Yeast and Yeast Extract Market Size, Share, Key Players Review and Forecast

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Copyright © 2017 Market Research Future.

Yeast and Yeast Extract Market Size, Share, Key Players Review and Forecast

Yeast and Yeast Extract Market Global Research Report by Type (Baker's Yeast, Brewer's Yeast, Wine Yeast, Feed Yeast and others), Application (Food & Beverages (Bakery & Confectionery, Beverages and others), Animal Feed and others)) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2024

Key Players: Leading players in the Global Yeast and Yeast Extracts Market Size include Angel Yeast Co. Ltd., Kerry Group, Chr. Hansen, Leiber GmbH, Lallemand Inc., Synergy Flavors, British Foods plc, Lesaffre Group, and DSM N.V.

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Yeast and Yeast Extract Market Size, Share, Key Players Review and Forecast

Global Yeast and Yeast Extracts Market is expected to rise to a valuation of USD 7.88 billion by 2024, exhibiting a robust 7.5% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global yeast and yeast extracts market is primarily driven by the growing demand for fermented food and beverages.

The growing demand for bread and other bakery products is expected to be a major driver for the global yeast and yeast extracts market over the forecast period. With steady urbanization, the demand for bread has grown in developed as well as developing countries. While bread is a primarily Western food, its popularity in Eastern areas of the world has also grown in recent years. The easy preparation of bread, its agreeable taste, and versatile usability in a variety of recipes have made it highly popular in emerging Southeast Asian countries. This is likely to be a major driver for the global yeast and yeast extracts market over the forecast period.

Regional Analysis: Europe dominates the global yeast and yeast extracts market thanks to the widespread popularity of bread and other bakery products in Europe. Bakery traditions in Europe go back hundreds of years, leading to the establishment of a stable supply and distribution network for yeast all over the region. Beer and wine production are also major industries in Europe, leading to widespread usage of yeast and yeast extracts in those applications as well. The growing disposable income of consumers in the region is likely to further drive the yeast and yeast extracts market in the region over the forecast period. The Europe market for yeast and yeast extracts is expected to exhibit a robust 7.36% CAGR over the forecast period.

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Yeast and Yeast Extract Market Size, Share, Key Players Review and Forecast

Segmentation Yeast and Yeast Extracts Market is segmented based on type, application, product type, and form.

By type, the yeast and yeast extracts market is segmented into baker’s yeast, brewer’s yeast, and wine yeast. Baker’s yeast holds the largest share in the global yeast and yeast extracts market. However, brewer’s yeast is expected to exhibit a higher growth rate over the forecast period.

Based on application, the yeast and yeast extracts market is segmented into food and beverages, animal feed, pharmaceuticals, and intermediary suppliers. Food and beverages is the leading segment of the global yeast and yeast extracts market and is also expected to exhibit the highest CAGR over the forecast period.

Intended Audience Food processors Agriculture associations Commercial research and development institutions Raw material suppliers and distributors Retailers, distributors, and wholesalers Traders, exporters, and importers

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Copyright © 2017 Market Research Future.

Yeast and Yeast Extract Market Size, Share, Key Players Review and Forecast

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Copyright © 2017 Market Research Future.