Yeast extract market
The growth in the yeast extract market is fueled by several factors, including the rising popularity of bakery products, the expanding vegan and vegetarian population, the increased demand for alcoholic beverages, and the ongoing reduction in salt us
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What Are the Emerging Markets for Yeast Extract as It Approaches $2.92 Billion by 2031?
Yeast Extract Market 2024-2031 The global yeast extract marketis projected to hit $2.92 billion by 2031, growing at a CAGR of 6.8% from 2024 to 2031. This expansion is driven by increasing demand for bakery products, a rise in vegan and vegetarian populations, higher consumption of alcoholic beverages, and a trend towards reduced salt intake. However, the market may face challenges due to high availability of substitutes and fluctuations in raw material prices. Request for Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5986? Natural ingredients and plant-based food alternatives are significant growth drivers, presenting ample opportunities for stakeholders. They play a crucial role in addressing challenges such as high production costs and strict regulatory processes. The market is shifting towards clean-label products and increasing health consciousness, which are influencing consumer preferences. Key players in the market include Lesaffre, Kerry Group, AngelYeast, and others across various regions. Market segmentation includes autolyzed and hydrolyzed yeast extracts, with the autolyzed segment holding a larger share due to its simpler production process and flavor consistency. Baker's yeast is the dominant source due to its nutritional benefits and widespread availability. The powder form leads in market share because of its convenience for use in food products. The food and beverages segment are the largest application area, driven by the popularity of processed and plant-based foods. Geographically, Europe is expected to dominate the market with over 29.8% share, influenced by rising demand for processed and plant-based foods. Key Players: The report offers a competitive analysis based on an extensive assessment of the leading players product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the yeast extract market are Lesaffre (France), Kerry Group plc (Ireland), AngelYeast Co., Ltd. (China), Leiber GmbH (Germany), Lallemand Inc. (Canada), Synergy Flavors, Inc (U.S.), Thai Foods International Co., Ltd. (Thailand), Thai Foods International Co., Ltd. (Thailand), Halcyon Proteins Pty Ltd. (Australia), Alltech Inc (U.S.), Ohly GmbH (Germany), KOHJIN Life Sciences Co., Ltd. (Japan), Sensient Technologies Corporation (U.S.), Oriental Yeast Co., Ltd. (Japan), Kothari Fermentation and Biochem Ltd. (India), Koninklijke DSM N.V. (Netherlands), and Novozymes A/S (Denmark). Buy Now: https://www.meticulousresearch.com/Checkout/40760359? Page 1 of 2 Meticulous Research| sales@meticulousresearch.com
Yeast Extract Market 2024-2031 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com
