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

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    Report

  • 188 Pages
  • April 2021
  • Region: Europe
  • The Insight Partners
  • ID: 5316823
UP TO OFF until Jun 30th 2024
The Europe yeast extract market is expected to reach US$ 618.7 million in 2027 from US$ 446.6 million in 2019. The market is estimated to grow at a CAGR of 4.2% during 2020-2027.

The growth the Europe 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.

There has been an increasing demand for natural food additives in the food & beverages industry in the recent years owing to the changing food preferences and healthy lifestyle adoption among the younger population across Europe. People suffering from health conditions are recommended to consume food items made from natural sources. As a result of environmental awareness, as well as the growing trends of healthy food consumption led by young population, the consumers are demanding transparency regarding the source of raw materials and ingredients used for making a particular product while purchasing the same.

Yeast extract is one of the key aromatic natural ingredients used for the designing of flavorful dishes and drinks by various food & beverages companies and restaurants. The extract also helps in enhancing the taste and texture of food items such as sauces, soups, seasonings, ready meals, snacks, and meat products. Furthermore, the yeast extract is considered as a safe and clean label ingredient by majority of the federal regulatory bodies. Therefore, its adoption is rising in end users such as pharmaceutical companies, restaurants, home bakers, brewing companies, and cosmetic product manufacturers. Thus, the advantages offered by natural yeast extracts combined with the increasing demand for natural ingredients in food products drive the growth of the Europe yeast extract market.

After Asia, Europe is a highly affected region due to the COVID-19 outbreak pandemic. Countries such as Italy, Spain, the UK, Germany, France, Russia, and Switzerland are highly affected as the majority of the deaths were registered in these countries. The European Union countries even faced the second wave of the outbreak. Therefore, to control the spread of novel coronavirus, governments of various countries imposed lockdown. The packaged foods and products industry witnessed a marginal growth in 2020, however the disruptions in supply chains decreased it to a certain extent owing to the magnitude of the second wave in Europe. The COVID-19 crisis also created a negative impact on product supply strategies among various countries in Europe. Labor shortage and sanitary constraints were also among the problems faced by manufacturers during the lockdown.

Yeast extract is significantly used in the beer making process. The sales of beer in Europe has dropped by a certain percentage due to the COVID-19 pandemic. According to the European Commission, ~15 member states closed bars and imposed severe limitations, equating closure. Thus, the outbreak is restraining the growth of the yeast extract market in Europe.

Based on technology, the Europe 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.

The Europe yeast extract market, based on form, 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.

By application, the Europe 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 Europe yeast extract market are the German Center for Addiction Issues (DHS) and Délifrance (UK).

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 Europe Yeast Extract Market - By Country
2. Europe Yeast Extract Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Yeast Extract Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Yeast Extract Market- Europe PEST Analysis
4.3 Expert Opinion
5. Europe 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 - Europe Analysis
6.1 Europe Yeast Extract Market Revenue Forecasts and Analysis
7. Europe 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. Europe 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. Europe 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 Europe: Yeast Extract Market
10.1.1 Overview
10.1.2 Europe: Yeast Extract Market, by Country, 2019 & 2027 (%)
10.1.3 UK: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.3.1 UK: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.3.2 UK: Yeast Extract Market, by Technology, 2018-2027 (USD Million)
10.1.3.3 UK: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.3.4 UK: Yeast Extract Market, by Application, 2018-2027 (Million Units)
10.1.4 Germany: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.4.1 Germany: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.4.2 Germany: Yeast Extract Market, by Technology, 2018-2027 (USD Million)
10.1.4.3 Germany: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.4.4 Germany: Yeast Extract Market, by Application, 2018-2027 (Million Units)
10.1.5 France: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.5.1 France: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.5.2 France: Yeast Extract Market, by Technology, 2018-2027 (USD Million)
10.1.5.3 France: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.5.4 France: Yeast Extract Market, by Application, 2018-2027 (Million Units)
10.1.6 Italy: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.6.1 Italy: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.6.2 Italy: Yeast Extract Market, by Technology, 2018-2027 (USD Million)
10.1.6.3 Italy: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.6.4 Italy: Yeast Extract Market, by Application, 2018-2027 (Million Units)
10.1.7 Russia: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Russia: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Russia: Yeast Extract Market, by Technology, 2018-2027 (USD Million)
10.1.7.3 Russia: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.7.4 Russia: Yeast Extract Market, by Application, 2018-2027 (Million Units)
10.1.8 Rest of Europe: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Rest of Europe: Yeast Extract Market - Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Rest of Europe: Yeast Extract Market, by Technology, 2018-2027 (USD Million)
10.1.8.3 Rest of Europe: Yeast Extract Market, by Form, 2018-2027 (USD Million)
10.1.8.4 Rest of Europe: Yeast Extract Market, by Application, 2018-2027 (Million Units)
11. Impact Of COVID-19 Pandemic on Europe Yeast Extract Market
11.1 Europe: 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 BioOrigin
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 DSM
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 LALLEMAND, INC.
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 LEIBER GMBH
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 Synergy Flavors
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
13.8 Ohly
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Ajinomoto Co. Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lesaffre
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Zhuhai TXY Biotech Holding Co., Ltd
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Yantai Huahai Biochemical Product Co., Ltd.
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Zhen-Ao Bio-Tech
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 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.
  • BioOrigin
  • DSM
  • LALLEMAND, INC.
  • LEIBER GMBH
  • Synergy Flavors
  • Ohly
  • Ajinomoto Co. Inc.
  • Lesaffre
  • Zhuhai TXY Biotech Holding Co., Ltd
  • Yantai Huahai Biochemical Product Co., Ltd.
  • Zhen-Ao Bio-Tech

Table Information