Global Specialty Yeast Market, By Type (Yeast Extracts, Yeast Auto lysates, Yeast Beta-Glucan, Other Yeast Derivatives), Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), Application (Bakery Production, Flavouring, Biofuels), – Industry Trends and Forecast to 2029
Specialty Yeast Market Analysis and Size
The use of specialty yeast is increasing as people become more aware of its nutritional benefits. Yeast extracts are emerging as low-cost culinary and functional ingredients. Due to the growth in the convenience food and beverage industry and emerging non-food applications, the specialty yeast industry has made significant progress.
Data Bridge Market Research analyses that the specialty yeast market was valued at USD 3.15 billion is expected to reach the value of USD 5.83 billion by 2029, at a CAGR of 8.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Specialty Yeast Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Yeast Extracts, Yeast Auto lysates, Yeast Beta-Glucan, Other Yeast Derivatives), Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), Application (Bakery Production, Flavouring, Biofuels)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Dun & Bradstreet, Inc (U.S.), Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone S.A. (France), ADM (U.S.), Daiya Foods Inc. (Canada), Grupo Bimbo S.A.B.de C.V (Mexico), Associated British Foods PLC (U.K.), General Mills Inc. (U.S.), Lantmannen Unibake (Denmark), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), Cole’s Quality Food Inc. (U.S.)
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Opportunities
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Market Definition
Fresh yeast is extracted and used to make specialty yeast, which is then used in a variety of food applications. Specialty yeast derived from the breakdown of proteins found in fresh yeast. The enzymes degrade the proteins and disintegrate the yeast shell, producing specialty yeast products. Specialty yeast is used in a variety of food applications such as bakery, savoury, meat dishes, ready meals, and others. Aside from that, specialty yeast is used in the brewing industry and in various food products to enhance flavour.
Specialty Yeast Market Dynamics
Drivers
- The high adoption of specialty yeast due to its beneficial characteristics
Specialty yeast is increasingly being used as a leavening agent in bakery products around the world because it can be stored at room temperature for longer periods of time without losing any of its properties. The development of high-quality baker's yeast to improve its applications as a leavening agent in bakery products is one of the major factors driving the specialty yeast Market.
- High demand for the organic food products
The bakery industry was a forerunner in the use of specialty yeast as a key ingredient. Breads, rye breads, whole wheat bread, buns, white breads, brown breads, and a variety of other bakery products are in high demand around the world. These dominant factors are driving the market forward. Organic food retail sales have increased as consumer awareness of the benefits of organic food has grown.
Opportunity
Due to the rising global consumption, the establishment of mega food parks and an increase in the number of food and beverage manufacturing units are expected to aid the growth of the specialty yeast market. Various factors such as advancement in technology, active research and development techniques, productivity growth, growing population resulting in growing demands, government subsidies and lucrative schemes for plant setup and expansion, abundant raw material, and improved connectivity and easy policies for industries to grow catalyse the increase in food processing plants.
Restraints
However, stringent government regulations for specialty yeast and specialty yeast derivative products are expected to limit the use of specialty yeast. Although organic food consumption benefits consumers' overall health, one of the major factors discouraging consumers is the high prices associated with organic products. Organic food is generally expensive due to agricultural production and processing costs. The need for legal regulations and compliance in a specific country also contributes to the product's high pricing which challenges market growth.
This specialty yeast market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the specialty yeast market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Specialty Yeast Market
The threatening coronavirus pandemic has had a negative impact on almost all businesses worldwide. Market participants in the global specialty yeast market have focused on increasing production of high-quality specialty yeast to meet rising demand from health-conscious consumers in the midst of the pandemic. During the first wave of the coronavirus pandemic, market players developed innovative strategies to stay afloat in the business, despite some negative effects on the global specialty yeast market such as supply chain disruption. During the coronavirus pandemic, the growing trend and popularity of making baking items at home has greatly increased the sales of specialty yeast products. The global market is being driven by rising demand for specialty yeast in the food and beverage industries. Global manufacturing firms are concentrating their efforts on increasing specialty yeast production.
Recent Development
- Lallemand Baking will launch LalFerm, a new brand of fresh specialty yeast, in North America in 2019. The new brand provides Specialty with customised specialty yeast solutions for their applications (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D rich, etc.).
- Angel Specialty yeast Co. Ltd debuted its new purpose-built specialty yeast and biotechnology R&D Center in China in 2018. The new centre has a total area of 36,000sqm and can house up to 1,500 people engaged in R&D and related work, with the goal of transforming the complex into a world-class biotechnology product R&D centre and a leading Global specialty yeast technology research platform.
Global Specialty Yeast Market Scope
The specialty yeast market is segmented on the basis of type, species and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Yeast Extracts
- Yeast Auto lysates
- Yeast Beta-Glucan
- Other Yeast Derivatives
Species
- Saccharomyces Cerevisiae
- Pichia Pastoris
- Kluyveromyces
Applications
- Bakery production
- Biofuels
- Flavourings
Specialty Yeast Market Regional Analysis/Insights
The specialty yeast market is analysed and market size insights and trends are provided by country, type, species and application as referenced above.
The countries covered in the specialty yeast market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominated the global specialty yeast market and is expected to grow at the fastest CAGR during the forecasted period due to the high consumption of alcoholic beverages and savoury products. Growing urbanisation will stimulate market growth by increasing the availability of convenience foods. As a protein source, specialty yeast is increasingly being used in feed products. Specialty yeasts are used to make feed, bioethanol, biotechnology, cosmetics, and personal care products. For the development of specialty yeast, technologically advanced techniques are used. Several major players are involved in the development of specialty yeast. A number of institutes, organisations, and associations are working to raise awareness about specialty yeast products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Specialty Yeast Market Share Analysis
The specialty yeast market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to specialty yeast market.
Some of the major players operating in the specialty yeast market are:
- Dun & Bradstreet, Inc (U.S.)
- Conagra Brands, Inc. (U.S.)
- London Dairy Co. Ltd (U.K.)
- Danone S.A. (France)
- ADM (U.S.)
- Daiya Foods Inc. (Canada)
- Grupo Bimbo S.A.B.de C.V (Mexico)
- Associated British Foods PLC (U.K.)
- General Mills Inc. (U.S.)
- Lantmannen Unibake (Denmark)
- Aryzta AG (Switzerland)
- Vandemoortele NV (Belgium)
- Europastry S.A. (Spain)
- Cole’s Quality Food Inc. (U.S.)
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