Growing Demand for Yeast Ingredient in the Processed Food Industry Likely to Drive the Market Growth
European countries are witnessing great demand from consumers, who prefer healthier and natural bakery products. The interest is a noteworthy driver for the market because of the indoor way of life that doesn't give the consumers Vitamin D, as EFSA (European Food Safety Authority) gauges that significant populace in the European countries doesn't meet the recommended allowances of 10 μg/day. This demand is expected to grow at a large scale, due to the rapid population growth and busy lifestyles. The processed food industry is expected to grow rapidly over the next five years, since yeast ingredient acts as a catalyst during the manufacture of processed food. The maturity in alcoholic beverage consumption, worldwide, has maintained an ever-growing demand for the alcohol production.
The major restraint for the yeast ingredients market is the shortage of basic raw material, with the demand coming from various sectors, due to molasses trading restrictions in the countries of Europe. Another reason for this shortage is the large threat for bio-fuel competition, as the prices of bio-fuels are high. The opportunities in the yeast ingredients market include the identification of new non-toxic and eco-friendly strains, identification of yeast production methods from industrial waste, and higher incidence of application in the pet food and dairy industry.
Yeast Extract Segment to Register a CAGR Of 8.1% during the Forecast Period
Based on application, the global yeast ingredients market has been segmented into food & beverage, animal feed, and ‘others’. The growth in demand for alcoholic beverages fuels up the demand for yeast ingredients, particularly, with beer and wine being the main ingredients for fermentation.
By product type, the global yeast ingredients market can be categorized into yeast extract, yeast autolysates, dry yeast, yeast flavor, and ‘others’. The yeast extracts market is high, as yeast extracts act as a replacement for monosodium glutamate, and consumers highly inclined towards natural ingredients and health concerns. Yeast extracts also offer a unique aromatic taste, which is important in low-salt-content foodstuffs and this segment is expected to record a CAGR of about 8.1% during the forecast period. Other common types of yeast include, dry yeast, which exists in pellet form, fresh yeast, which has a crumbly texture and is instant/easy to bake yeast.
Europe to Dominate the Market, Asia-Pacific to Record the Highest CAGR during the Forecast Period
As of 2017, Europe was the largest regional market for yeast ingredients, owing to the rising functional food consumption, with developing dairy industry in the region in the past couple of years. Asia-Pacific is expected to witness the fastest growth rate, due to the rising awareness regarding healthy & nutritional food consumption, along with the expanded disposable income of the middle class/white collar class populace. North America is expected to witness a critical development, due to the rising interest of animal feed, pharmaceuticals, and dairy industries.
MAJOR PLAYERS: ANGEL YEAST CO. LTD, ABF INGREDIENTS, AB VISTA, ANCHOR YEAST, ALLTECH INC., BECTON, DICKINSON AND COMPANY, ROYAL DSM NV, CHR. HANSEN, TATE AND LYLE, KERRY GROUP, BAKELS, LALLEMAND INC., LEIBER GMBH, LESAFFRE GROUP and ORGANOTECHNIE, amongst others.
Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
This report can be customized to meet your requirements.
1.1 Research Methodology
1.2 Market Definition
1.3 Market Assumptions
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
4. MARKET DYNAMICS
4.1.1 Consumer preferences for healthy and natural bakery products in the European countries
4.1.2 High demand for processed foods in western countries
4.1.3 Substantial maturity in the alcoholic beverage consumption worldwide
4.2.1 Shortage of basic raw material, with the demand coming from various sectors
4.3.1 Unexploited market in the developing countries
4.3.2 Identification of new non-toxic and eco-friendly strains
4.3.3 Identification of yeast production methods from industrial wastes
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products & Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Product Type
5.1.1 Yeast Extract
5.1.2 Dry Yeast
5.1.3 Yeast Autolysates
5.1.4 Yeast Flavors
5.2 By Application
5.2.1 Food & Beverage
184.108.40.206 Alcoholic Beverage
220.127.116.11 Non-Alcoholic Beverage
18.104.22.168 Prepared Foods
5.2.2 Animal feed
5.3 By Geography
5.3.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
5.3.4 South America
188.8.131.52 South Africa
6. Competitive Landscape
6.1 Market Share Analysis
6.2 Major Strategy Adopted by the Key Players
6.3 Most Active Companies
7. Company Profiles
7.1 Angel Yeast Co. Ltd
7.2 ABF Ingredients
7.3 AB Vista
7.4 Anchor Yeast
7.5 Alltech Inc.
7.6 Becton, Dickinson and Company
7.7 Royal DSM NV
7.8 Chr. Hansen
7.9 Tate and Lyle
7.10 Kerry Group
7.12 Lallemand Inc.
7.13 Leiber GmbH
7.14 Lesaffre Group
- Angel Yeast Co. Ltd
- ABF Ingredients
- AB Vista
- Anchor Yeast
- Alltech Inc.
- Dickinson and Company
- Royal DSM NV
- Chr. Hansen
- Tate and Lyle
- Kerry Group
- Lallemand Inc.
- Leiber GmbH
- Lesaffre Group