Yeast extract industry demand is expected to register over 5% CAGR between 2021 and 2027 supported by increasing consumer awareness regarding adverse effects of added MSG’s and rising demand for organic ingredients.
Selbyville, Delaware, July 01, 2021 (GLOBE NEWSWIRE) --
The yeast extract market value is projected to cross USD 2 billion by 2027, according to a new research report by Global Market Insights Inc. The high nutritious media of yeast extract for dairy culture is anticipated to fuel its demand in the dairy sector.
It is prominently used in yogurt, cheese and cottage cheese as flavour enhancer imparting intense taste along with replacing salt and fat. It is also incorporated in canned meat products as binder, flavour and improve texture. Rise in nuclear family and working demographics mainly in Asia Pacific accompanied with increasing consumption of processed food in U.S should favour product demand.
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Some major findings of the yeast extract market report include:
Browse key industry insights spread across 300 pages 385 market data tables and 40 figures & charts from the report “Yeast Extract Market Forecasts By Technology (Autolyzed Yeast, Hydrolyzed Yeast), Source (Baker’s Yeast, Brewer’s yeast), Form (Powder, Paste), Application (Food & Beverages [Soups, Processed foods, Dairy Products, Bakery, Sauces & Savoury Flavours], Animal Feed, Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Other application segment of yeast extract market includes cosmetics, biofuel, and biomass production which is expected to surpass USD 125 million by 2027 growing at a CAGR of 4.5%. Yeast extracts contains B-complex which results in skin and hair conditioning properties which maintains hair beauty for long time. It is widely used in skin care products imparting to improve moisture content, emollience and protect skin from eczema symptoms and breakout. Henceforth, increasing consumer consciousness regarding personal hygiene along with rising fashion treatments such as hair colouring and styling leading to hair damage mainly in U.S is likely to drive the market expansion.
Latin America yeast extract market exceeded USD 95 million in 2020. Latin America is the leading consumer of bread and bakery products due to scarcity of wheat thereby promoting yeast extracts demand for bakery products fermentation. Additionally, positive outlook towards consuming industrialized food such as poultry, yogurts, biscuits, chocolates, and milk owing to rising income levels will fuel food & beverage industry landscape mainly in Brazil, thus favouring the regional market statistics.
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Browse Related Report:
Europe Inactive Dry Yeast Market for Animal Feed by Application (Poultry [Broiler, Layer, Turkey], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trout’s, Shrimps, Carp], Pet Food, Equine), Industry Analysis Report, Country Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast to 2026
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