Asia Pacific Yeast Ingredients Market size was worth $375.35 million in 2022 and estimated to be growing at a CAGR of 8.68%, to reach $569.1 million by 2028. Asia Pacific is anticipated to observe the fastest growth due to increasing awareness concerning healthy & nutritional food consumption along with increased disposable income of the middle class population.
Fresh yeast is enormously delicate and needs refrigeration. It is extensively used in bakery foods such as breads and pastries as it has good growing potentials and provides brilliant taste. Yeast products with high nutritious value and health benefits are seen to have growth potential for yeast providers as the micro-organism is rich in protein and can act as a probiotic.
The demand for bio-ethanol yeast for fuel making and increasing demand for confectionary and bakery products have been subsidizing to the growth in the Yeast Market. Rising consciousness about the health aids derived from yeast is also the major factor driving the demand for yeast ingredients market. Less stability time of yeast bacteria is a major drawback for the yeast ingredients market.
Asia Pacific market for Yeast Ingredients is segmented by Type into Yeast Extracts, Autolyzed yeast, Yeast Cell wall and Yeast based-flavors. By Source, yeast ingredients are classified as Baker's Yeast and Brewer's Yeast. Also on the basis of Application Yeast ingredients market is categorized as Food, Feed and Pet Food, Pharmaceuticals and Others.
Geographically the market is segmented into China, India, Japan, South Korea and Australia. China and India are evolving markets for yeast products as its demand is constantly growing with the surge in population and varying consumption drifts of bakery products.
Key Players in the market:
Major key players in the APAC Yeast Ingredients Market are
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