products such as baked goods and gluten- and dairy-free options are trending in
the contemporary regime of the food and beverages (F&B) industry. Developments in yeast extract boosts advances
in the fermentation-oriented product line and assists in fulfilling the demand for
fermented products. Additionally, the expanding
roster of craft beers is leading to the rise in beverage production, which is
increasing the yeast extract market size. The demand for wine yeast is also catapulting. This is because of the increase in
demand for autolyzed yeast extract from many beer manufacturers for imparting
enhanced flavor to beer during the fermentation process of product manufacturing.
The increase in the consumer-probiotics market along with detergents,
cleansers, animal feed, personal care, and dietary supplements are augmenting
the application of yeast extracts and contributing for an increment in the
global yeast extract market size. Furthermore, the nutritional benefits
provided by these yeast extracts are gaining traction from the manufacturers that
are adding these ingredients in several eatable products to experience
different tastes. Therefore, the manufacturers are working on a partnership strategy
with competitors who can assist to improve the yeast extract formulations in
dairy products, fermented ingredients which include enzymes, amino acids,
vitamins, organic acid, beer, and wine & spirits in order to increase their
yeast extract market share, globally.
Growth Drivers of Autolyzed Yeast Technology in Yeast Extract Market:
Yeast extract is a vegan ingredient, which has savory and umami flavor that helps manufacturers in reducing sodium from food products. Citric acid, tartaric acid, and sorbic acid are widely used in the dressing of food products. Autolyzed yeast extract is mostly used as a flavor enhancer in a variety of processed foods such as soups, and meats in the food industry and also in sugar reducing applications. On the other hand, the addition of this yeast extract provides different taste in soups, gravies, dressings, bread, salad dressings, and snacks. This extract act as a rich source of vitamin B and micronutrients, highly visible as an application in feed supplements preparation. Growing adoption of organic products in the regular diets of people everywhere coupled with the rise in the bread consumption and baked goods are boosting the growth in the bakery industry, thereby expanding the yeast extract market size. The inclination in consumers’ preference towards accepting clean label products with natural food ingredients is acting as the primary growth driver of the autolyzed yeast extract market. Some of the processed food manufacturers are adopting autolyzed yeast extract and using it as a fragrance additive to improve the aroma of their food products. This extract is frequently used as a less expensive substitute for monosodium glutamate (MSG) and available in paste, liquid, and powder forms which are used as firming agents. Furthermore, it enhances the already existed flavors, much like salt, and also assist in Maillard reactions during cooking. It has excellent water and oil binding properties in meat and vegetarian foods. Therefore, the yeast extract production using autolyzed technology is highly adopted by players and this technology is set to grow at the fastest CAGR of 6.9% throughout the forecast period.
Europe Yeast Extract Marketplace:
According to the International Trade Centre (ITC), the Poland, Spain, Belgium, Germany, Switzerland, Italy, France, and United Kingdom are the major European countries which have experienced annual growth in the active yeasts import value during 2017-2018. These countries collectively represent a share of 21.2% in the world active yeasts imports, as of 2018. The rise in the imports of yeasts is resonating with Europe yeast extract market growth. Europe has established a dominant regional share of 33% in the global yeast extract market. European Snacks Association states that yeast extracts are important ingredients in snack flavor construction. Thus, the growing demand for bakery foods, snacks, ready-to-eat, and convenience food due to the changing dietary preferences are driving the growth of the yeast extract market in this region.
Major Players in the Yeast Extract Market – Competitive Landscape:
Lesaffre Group, AngelYeast Co. Ltd., Koninklijke DSM N.V., Kerry Group plc, Lallemand Inc., Leiber GmbH, Synergy Flavors, Inc., Halcyon Proteins PTY Ltd., Specialty Biotech Co. Ltd., and Biorigin are the major players, which are involved in the global yeast extract market. These players are in order implementing business strategies to mark their brand name as one among the yeast extract top 10 companies, by increasing their market share for the same.
Developments in the Yeast Extract Marketplace:
· Ohly and Lallemand signed an agreement as a part of a strategic partnership in 2019. It resulted in the divestment of Ohly’s Hutchinson Torula Yeast facility and associated business to Lallemand. Lallemand is a manufacturer of yeast and bacteria based products. This long term supply partnership set Ohly to manage the focus on Torula yeast extract-based specialties and PRODRY culinary powders and operations at Boyceville facility, on either hand with ease. This business strategy aids Hutchinson business in providing a wider choice of products and taste profiles to new and existing customers with further development in technology implementation.
· In 2018, an acquisition took place between Lesaffre and Alltech’s. As a part of this, Lesaffre acquired Alltech’s yeast extract facility located in Serbia. This acquisition has become a part of Lesaffre expansion strategy, particularly in nutrition and health sectors. Additionally, the Alltech’s focus on its animal and crop nutrition businesses is in line with this business strategy. Lesaffre is a manufacturer of yeast and fermentation products and deals with strategic developments in nutrition and health. This facility engages with the production of baker’s yeast and yeast extracts, especially for food and animal feed industries in Serbia. This operation will boost the company’s yeast extract market share.
· Phileo launched a new product namely Prosaf, a water-soluble purified yeast extract on September 18, 2018. This product provides highly bioavailable nutrients to increase the palatability and digestibility of plant-based diets. Moreover, this product has been designed to increase fish growth, performance, and disease resistance. Phileo operates in the production of innovative nutritional solutions that enhance both animal health and performance.
· In 2017, Lesaffre signed an agreement to acquire Sensient Technologies group yeast extract food business at Strasbourg to expand its yeast extracts products range. This Sensient’s facility involves in the production of brewer’s yeast extracts & yeast cell walls and also work on selling operations of these products, particularly for the human savory and animal feed industries. Lesaffre’s development strategy in the Nutrition and Health fields is in line with this acquisition. Lesaffre fuels the Strasbourg production unit with its industrial and financial resources to evident new developments. Thus, this acquisition acts as an add-on to Lesaffre growth, which will strengthen its footprints in the brewer’s and baker’s yeast extracts markets.
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