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Middle East and Africa Yeast Extract Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology; Form; Application

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    Report

  • 149 Pages
  • April 2021
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5316739
UP TO OFF until Mar 31st 2024
The Middle East and Africa yeast extract market is expected to reach US$ 150.2 million in 2027 from US$ 101.5 million in 2019. The market is estimated to grow at a CAGR of 5.0% from 2020 to 2027.

The growth the Middle East and Africa yeast extract market is attributed to the key driving factors such as the rising demand for natural ingredients in the food & beverages industry and the launch of new products. However, the availability of yeast extract substitutes hinders the market growth.

The established and emerging players operating in the yeast extract market are commercializing novel yeast extract products for end users from the food & beverages and cosmetics industries, and bakeries. For instance, in June 2017, Ohly launched high-efficiency SAV-R-FULL yeast extract, which is a completely soluble and natural product that imparts powerful flavors, tastes (umami and salty), and aroma. Furthermore, in July 2019, Nexira, a natural ingredients supplier, introduced Immunell that combines natural yeast extract and prebiotic acacia fiber.

The market players are also expanding their existing portfolios with the launch of additional yeast extract products for new applications. For instance, in November 2019, DSM introduced Fresh XL and BakeZyme Master to expand its BakeZyme portfolio with the introduction of new solutions. These solutions are developed to overcome the challenges related to retaining the freshness of foodstuff; they can be added as ingredients in the production of high-quality baked goods such as tortilla wraps and sandwiches that have long-lasting and improved sensory properties. Thus, the launch of new and innovative products by existing and emerging market players is fueling the growth of the Middle East and Africa yeast extract market.

Countries in the Middle East and Africa such as Saudi Arabia and the UAE are highly affected due to the COVID-19 outbreak. The increasing numbers of COVID-19 positive cases are becoming threats to their respective countries. The countries are facing economic crises, which is adversely affecting various sectors, such as consumer goods and food & beverages sectors. The lockdown in various countries and limitations on transport declined the sales of food and beverages across the region. However, there was an increase in the retail sales of food and beverages due to the rising adoption of work from home culture. This led to compensation of the loss in the industrial food and beverages sector to a certain extent in the region. Also, there was an increase in the demand for packaged and ready-to-cook meals, in which, yeast extract is a key ingredient. Thus, there was a slowdown in the manufacturing due to COVID-19 outbreak, however the pandemic did not lead to a massive loss in terms of sales and growth of yeast extract market.

Based on technology, the Middle East and Africa yeast extract market is bifurcated into autolyzed and hydrolyzed. The autolyzed segment held a larger market share in 2019, whereas the hydrolyzed segment is anticipated to register a higher CAGR in the market during the forecast period.

Based on form, the Middle East and Africa yeast extract market is segmented into powder, paste, and liquid. The powder segment held the largest market share in 2019, also the same segment is anticipated to register the highest CAGR in the market during 2020-2027.

Based on application, the Middle East and Africa yeast extract market is segmented into food and beverages, animal feed, pharmaceuticals, and others. The food and beverages segment held the largest market share in 2019, whereas the animal feed segment is anticipated to register the highest CAGR in the market during the forecast period.

A few of the primary and secondary sources referred to while preparing the report on the Middle East and Africa yeast extract market are the Beer Association of South Africa and Angel Yeast Co., Ltd.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Yeast Extract Market - By Technology
1.3.2 Yeast Extract Market - By Form
1.3.3 Yeast Extract Market - By Application
1.3.4 Middle East and Africa Yeast Extract Market - By Country
2. Middle East and Africa Yeast Extract Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East and Africa Yeast Extract Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Yeast Extract Market- Middle East and Africa PEST Analysis
4.3 Expert Opinion
5. Middle East and Africa Yeast Extract Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Natural Ingredients in Food & Beverages Industry
5.1.2 Launch of New Products
5.2 Market Restraints
5.2.1 Availability of Yeast Extract Substitutes
5.3 Future Trends
5.3.1 Increasing Adoption of Veganism
5.4 Impact Analysis
6. Yeast Extract Market - Middle East and Africa Analysis
6.1 Middle East and Africa Yeast Extract Market Revenue Forecasts and Analysis
7. Middle East and Africa Yeast Extract Market Analysis and Forecasts To 2027 - By Technology
7.1 Overview
7.2 Yeast Extract Market Revenue Share, by Technology (2019 and 2027)
7.3 Autolyzed
7.3.1 Overview
7.3.2 Autolyzed: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Hydrolyzed
7.4.1 Overview
7.4.2 Hydrolyzed: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
8. Middle East and Africa Yeast Extract Market Analysis and Forecasts to 2027- By Form
8.1 Overview
8.2 Yeast Extract Market Revenue Share, by Form (2019 and 2027)
8.3 Powder
8.3.1 Overview
8.3.2 Powder: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
8.4 Paste
8.4.1 Overview
8.4.2 Paste: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
8.5 Liquid
8.5.1 Overview
8.5.2 Liquid: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
9. Middle East and Africa Yeast Extract Market Analysis and Forecasts to 2027- By Application
9.1 Overview
9.2 Yeast Extract Market Share, by Application, 2019 and 2027, (%)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
9.4 Animal Feed
9.4.1 Overview
9.4.2 Animal Feed: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
9.5 Pharmaceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Yeast Extract Market - Revenue and Forecast to 2027 (US$ Million)
10. Yeast Extract Market Revenue and Forecasts to 2027 - Geographical Analysis
10.1 Middle East & Africa: Yeast Extract Market
10.1.1 Overview
10.1.2 Middle East & Africa: Yeast Extract Market Share by Country - 2019 & 2027, (%)
10.1.3 UAE: Yeast Extract Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1 UAE: Yeast Extract Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.2 UAE: Yeast Extract Market, by Technology, 2018 -2027 (USD Million)
10.1.3.3 UAE: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.3.4 UAE: Yeast Extract Market, by Application, 2018-2027 (USD Million)
10.1.4 Saudi Arabia: Yeast Extract Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.1 Saudi Arabia: Yeast Extract Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.2 Saudi Arabia: Yeast Extract Market, by Technology, 2018 -2027 (USD Million)
10.1.4.3 Saudi Arabia: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.4.4 Saudi Arabia: Yeast Extract Market, by Application, 2018-2027 (USD Million)
10.1.5 South Africa: Yeast Extract Market - Revenue and Forecasts to 2027 (USD Million)
10.1.5.1 South Africa: Yeast Extract Market- Revenue and Forecasts to 2027 (USD Million)
10.1.5.2 South Africa: Yeast Extract Market, by Technology, 2018 -2027 (USD Million)
10.1.5.3 South Africa: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.5.4 South Africa: Yeast Extract Market, by Application, 2018-2027 (USD Million)
10.1.6 Rest of Middle East and Africa: Yeast Extract Market - Revenue and Forecasts to 2027 (USD Million)
10.1.6.1 Rest of Middle East and Africa: Yeast Extract Market- Revenue and Forecasts to 2027 (USD Million)
10.1.6.2 Rest of Middle East and Africa: Yeast Extract Market, by Technology, 2018 -2027 (USD Million)
10.1.6.3 Rest of Middle East and Africa: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.6.4 Rest of Middle East and Africa: Yeast Extract Market, by Application, 2018-2027 (USD Million)
11. Impact Of COVID-19 Pandemic on Middle East and Africa Yeast Extract Market
11.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. COMPANY PROFILES
13.1 Kerry Group
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Angel Yeast Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 DSM
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 LALLEMAND, INC.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Ohly
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Lesaffre
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 LEVEX
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About the Publishers
14.2 Glossary of Terms

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Kerry Group
  • Angel Yeast Co., Ltd.
  • DSM
  • LALLEMAND, INC.
  • Ohly
  • Lesaffre
  • LEVEX

Table Information