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Specialty Yeast Market Share, Opportunities, Industry | 2032
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Specialty Yeast Market Share, Opportunities, Industry | 2032

Segments - Specialty Yeast Market by Type (Yeast Autolysates, Yeast beta-glucan, Yeast Extracts, and Others), Species (Kluyveromyces, Saccharomyces Cerevisiae, Pichia Pastoris, and Others), Application (Bakery Products, Savory Products, Food, Functional Food, Beverages, Feed, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024–2032

https://growthmarketreports.com/Anuradha
Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-6537 | 4.8 Rating | 86 Reviews | 251 Pages | Format : PDF Excel PPT

Report Description


Specialty Yeast Market Outlook 2032

The global specialty yeast market size was USD 3.4 Billion in 2023 and is projected to reach USD 6.3 Billion by 2032, expanding at a CAGR of 7.2% during 2024–2032. The market growth is attributed to the rising consumer awareness of the nutritional and functional benefits of specialty yeast.

Increasing consumer demand for natural and clean-label products is resulting in high utilization of specialty yeast, which further boosts the market. Consumers are increasingly aware of the ingredients in their food, preferring natural and minimally processed options. Specialty yeast is a natural flavor enhancer and nutritional ingredient. Additionally, clean-label products are gaining traction across various food options, including bakery, beverages, and snacks, further fueling the market.

  • According to a report published by the National Library of Medicine in September 2022, around 6% of food products worldwide are currently being substituted with clean label alternatives, with this figure projected to rise in the future.

Specialty Yeast Market Outlook

Impact of Artificial Intelligence (AI) in Specialty Yeast Market

The use of artificial intelligence is likely to boost the specialty yeast market. AI-powered technologies have streamlined production processes and reduced costs for yeast manufacturers. Moreover, AI-driven logistics optimize inventory levels, minimize wastage, and ensure timely delivery, thereby improving overall operational efficiency.

Specialty Yeast Market Dynamics

Specialty Yeast Market Dynamics

Major Drivers

Growing popularity of plant-based and vegan diets is projected to drive the market. Specialty yeast provides a rich source of nutrients, such as B vitamins and proteins. Its umami flavor enhances the taste profile of vegan products, making them appealing to consumers. For instance, according to a report published by the World Animal Foundation on October 27, 2023, the global vegan community reached approximately 88 million individuals in 2023. Additionally, increased incorporation of specialty yeast in plant-based food formulations further boosts the market.

Existing Restraints

Limited awareness among consumers and manufacturers is expected to hinder the market. This lack of knowledge reduces its adoption of these yeast in various food products. Moreover, high production costs due to the fluctuations in raw material prices, such as molasses and other fermentation substrates, further hamper the market.

Emerging Opportunities

­High investments in R&D is anticipated to create immense opportunities for the players competing in the market. Companies are advancing fermentation processes to enable the development of novel yeast strains with specific functionalities. These innovations led to new product formulations and applications, enhancing the versatility and appeal of specialty yeast. Additionally, the high demand for organic food and beverage products further fuels the adoption of specialty yeasts during their manufacture.

Scope of the Specialty Yeast Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Attributes

Details

Report Title

Specialty Yeast Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2023

Historic Data

2017 -2022

Forecast Period

2024–2032

Segmentation

Type (Yeast Autolysates, Yeast beta-glucan, Yeast Extracts, and Others), Species (Kluyveromyces, Saccharomyces Cerevisiae, Pichia Pastoris, and Others), and Application (Bakery Products, Savory Products, Food, Functional Food, Beverages, Feed, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

ADM; AngelYeast Co., Ltd; ARIA; Chr. Hansen A/S; DSM; Lallemand Inc; and Synergy


Regional Outlook

In terms of region, the global specialty yeast market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe held a major share of the market in 2023, due to the strong demand for natural and clean-label food products.

Consumers are increasingly adopting specialty yeast in various food applications, including bakery, beverages, and snacks for their healthy eating. Furthermore, the presence of leading manufacturers investing in innovative and high-quality ingredients, including specialty yeast further, further boosting the market in this region.

The market in Asia Pacific is projected to grow at a significant pace in the coming years. Countries, including China and India, are increasingly adopting western food habits, which include baked goods, snacks, and convenience foods prepared with specialty yeast. Furthermore, increasing awareness of the health benefits of specialty yeast is likely to fuel the market.

Specialty Yeast Market Region

Specialty Yeast Market Segment Insights

Type Segment Analysis

Based on type, the specialty yeast market is divided into yeast autolysates, yeast beta-glucan, yeast extracts, and others. The yeast beta-glucan segment is expected to expand at a significant pace in the coming years, due to the increasing consumer awareness of its health benefits.

Yeast beta-glucan is known for its immune-boosting and cholesterol-lowering properties in the health and wellness sector. Moreover, growing focus on preventive healthcare and functional food nutrition fuels the demand for yeast beta-glucan in the coming years.

Specialty Yeast Market Type

Species Segment Analysis

On the basis of species, the global market is segregated into kluyveromyces, saccharomyces cerevisiae, pichia pastoris, and others. The saccharomyces segment held the largest share of the market in 2023, due to its versatile applications across the food and beverage industry. They enhance flavor, texture, and fermentation efficiency contributing to its widespread adoption. Furthermore, the introduction of novel saccharomyces cerevisiae products for various applications further boosting the segment.

  • On July 24, 2023, Lallemand Inc, leading developer and manufactures of yeast, bacitiriya and specialty ingredients, introduced the first dry bioengineered yeast for brewing. Additionally, Sourvisiae is a saccharomyces cerevisiae yeast that efficiently produces alcohol and lactic acid within 5 days, without any undesirable flavors or biogenic amines. This innovative yeast streamlines brewing processes by eliminating extra souring steps and maintains brewery cleanliness by preventing bacterial introduction.

The pichia pastoris segment is anticipated to expand at a substantial CAGR during the forecast period, owing to its emerging applications in biotechnology and pharmaceuticals. Pichia pastoris is increasingly used in the production of recombinant proteins, enzymes, and biopharmaceuticals. Moreover, its use in developing innovative food ingredients and supplements further propels the market in the coming years.

Specialty Yeast Market Species

Application Segment Analysis

Based on application, the specialty yeast market is segmented into bakery products, savory products, food, functional food, beverages, feed, and others. The application segment is projected to register a robust growth during the assessment years, owing to increasing consumer focus on health and wellness food products.

Functional foods containing specialty yeast provide additional health benefits beyond basic nutrition making them highly popular among health-conscious consumers. Additionally, the growing incorporation of functional ingredients in everyday diets is likely to boost the demand for specialty yeast in the functional food.

Segments

The specialty yeast market has been segmented on the basis of

Type

  • Yeast Autolysates
  • Yeast Beta-glucan
  • Yeast Extracts
  • Others

Species

  • Kluyveromyces
  • Saccharomyces Cerevisiae
  • Pichia Pastoris
  • Others

Application

  • Bakery Products
  • Savory Products
  • Food
  • Functional Food
  • Beverages
  • Feed
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global specialty yeast market are ADM; AngelYeast Co., Ltd; ARIA; Chr. Hansen A/S; DSM; Lallemand Inc; and Synergy.

These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. For instance,

  • On September 27, 2022, AngelYeast Co., Ltd, a company specialized in yeast biotech product, unveiled its newest dry yeast product, premium dry yeast during Bakery China 2022. These innovative yeasts are designed to tackle numerous contemporary baking challenges, offering enhanced stability, convenience, and adaptability to meet the latest demands of the baking industry.

    Specialty Yeast Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Yeast Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Specialty Yeast Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Specialty Yeast Market - Supply Chain
  4.5. Global Specialty Yeast Market Forecast
     4.5.1. Specialty Yeast Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Specialty Yeast Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Specialty Yeast Market Absolute $ Opportunity
5. Global Specialty Yeast Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Specialty Yeast Market Size and Volume Forecast by Types
     5.3.1. Yeast Autolysates
     5.3.2. Yeast Beta-glucan
     5.3.3. Yeast Extracts
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Specialty Yeast Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Specialty Yeast Market Size and Volume Forecast by Applications
     6.3.1. Bakery Products
     6.3.2. Savory Products
     6.3.3. Food
     6.3.4. Functional Food
     6.3.5. Beverages
     6.3.6. Feed
     6.3.7. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Specialty Yeast Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Specialty Yeast Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Specialty Yeast Demand Share Forecast, 2019-2026
8. North America Specialty Yeast Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Specialty Yeast Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Specialty Yeast Market Size and Volume Forecast by Types
     8.4.1. Yeast Autolysates
     8.4.2. Yeast Beta-glucan
     8.4.3. Yeast Extracts
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Specialty Yeast Market Size and Volume Forecast by Applications
     8.7.1. Bakery Products
     8.7.2. Savory Products
     8.7.3. Food
     8.7.4. Functional Food
     8.7.5. Beverages
     8.7.6. Feed
     8.7.7. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Specialty Yeast Demand Share Forecast, 2019-2026
9. Latin America Specialty Yeast Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Specialty Yeast Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Specialty Yeast Market Size and Volume Forecast by Types
     9.4.1. Yeast Autolysates
     9.4.2. Yeast Beta-glucan
     9.4.3. Yeast Extracts
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Specialty Yeast Market Size and Volume Forecast by Applications
     9.7.1. Bakery Products
     9.7.2. Savory Products
     9.7.3. Food
     9.7.4. Functional Food
     9.7.5. Beverages
     9.7.6. Feed
     9.7.7. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Specialty Yeast Demand Share Forecast, 2019-2026
10. Europe Specialty Yeast Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Specialty Yeast Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Specialty Yeast Market Size and Volume Forecast by Types
     10.4.1. Yeast Autolysates
     10.4.2. Yeast Beta-glucan
     10.4.3. Yeast Extracts
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Specialty Yeast Market Size and Volume Forecast by Applications
     10.7.1. Bakery Products
     10.7.2. Savory Products
     10.7.3. Food
     10.7.4. Functional Food
     10.7.5. Beverages
     10.7.6. Feed
     10.7.7. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Specialty Yeast Demand Share Forecast, 2019-2026
11. Asia Pacific Specialty Yeast Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Specialty Yeast Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Specialty Yeast Market Size and Volume Forecast by Types
     11.4.1. Yeast Autolysates
     11.4.2. Yeast Beta-glucan
     11.4.3. Yeast Extracts
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Specialty Yeast Market Size and Volume Forecast by Applications
     11.7.1. Bakery Products
     11.7.2. Savory Products
     11.7.3. Food
     11.7.4. Functional Food
     11.7.5. Beverages
     11.7.6. Feed
     11.7.7. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Specialty Yeast Demand Share Forecast, 2019-2026
12. Middle East & Africa Specialty Yeast Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Specialty Yeast Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Specialty Yeast Market Size and Volume Forecast by Types
     12.4.1. Yeast Autolysates
     12.4.2. Yeast Beta-glucan
     12.4.3. Yeast Extracts
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Specialty Yeast Market Size and Volume Forecast by Applications
     12.7.1. Bakery Products
     12.7.2. Savory Products
     12.7.3. Food
     12.7.4. Functional Food
     12.7.5. Beverages
     12.7.6. Feed
     12.7.7. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Specialty Yeast Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Specialty Yeast Market: Market Share Analysis
  13.2. Specialty Yeast Distributors and Customers
  13.3. Specialty Yeast Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. ADM
     13.4.2. AngelYeast Co., Ltd
     13.4.3. ARIA
     13.4.4. Chr. Hansen A/S
     13.4.5. DSM
     13.4.6. Lallemand Inc
     13.4.7. Synergy

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