Yeast Ingredients Market by Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-Glucan, Yeast Derivatives & Others), by Application (Food, Feed and Others), by Geography - Global Trends & Forecast to 2019
NEW YORK, Sept. 15, 2014 /PRNewswire/ -- The yeast ingredients market is highly fragmented and competitive. Yeast ingredients hold a strong significance in the food, animal feed, biotechnology, and pharmaceutical industries. The yeast ingredients market includes yeast extracts, yeast autolysates, yeast beta-glucan, yeast derivatives, and others which are predominantly used as flavor enhancers and adding savory flavors in food products and animal feed. Yeast extract has a good image and is a preferred ingredient for manufacturers as it can be labeled as a clean product. Monosodium glutamate is getting replaced by yeast extracts due to increasing demand for natural ingredients and health concerns. Yeast autolysates are primarily applicable as a flavor enhancer in processed foods and used to increase the palatability of animal feed products. Yeast beta-glucan has several beneficial properties and many useful applications in the pharmaceutical industry. Yeast beta-glucan is also applicable to a wide variety of medical uses in food and feed. Manufacturers are launching new products by investing on R&D to meet the increasing consumer demand. Europe has the largest market share in the yeast ingredients market. Asia-Pacific's yeast ingredients market is projected to grow at a CAGR of 8.4% from 2014 to 2019.
The market is dominated by a few large players and comprises many small- and medium-scale players. The key players identified in the yeast ingredients industry are Associated British Foods (ABF) (U.K.), Royal DSM N.V. (The Netherlands), Lesaffre Group (France), Angel Yeast Co. Ltd. (China), and The Kerry Group Plc. (Ireland).
The segments of the yeast ingredients market considered for this study include ingredient types, applications, and regions. All the growth parameters in individual segments have been considered in this report. The food industry's yeast ingredients market is the fastest-growing application, growing at a CAGR of 7.1% from 2014 to 2019.
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