Middle East And Africa Yeast Ingredients Market By Type (Yeast Extracts, Autolyzed Yeast, Yeast Cell Wall And Yeast Based-flavors), By Source (Baker's Yeast And Brewer's Yeast), By Application (Food, Feed And Pet Food, Pharmaceuticals And Others) and By Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2022 to 2027)
Middle East and Africa Yeast Ingredients Market Growth and Forecast (2022 - 2027):
Middle East and Africa Yeast Ingredients Market was worth $217.31 million in 2021 and estimated to be growing at a CAGR of 7.69% to reach $314.77 million by 2026.
Market Overview:
Yeasts are natural constituents and they are used as one of the prime food ingredients in the food dispensation industry. Yeasts are used to cater taste and flavor to treated food. Due to high nutrient matter, yeasts are used as taste enhancers for several processed food such as dairy products, canned food, sauces, snacks and baked food.
Drivers and Restraints:
The demand for yeast ingredients is quite high in the western region where preference for processed foods is very high. The demand is estimated to grow at a large scale owing to the speedy population growth and the busy routine. The preference towards processed food is due to the increasing income, less time for cooking home meals, surge in number of working women, rise in the number of nuclear families and growing flexible spending. Major constrain for the market is the stringent regulations from government.
Middle East and Africa Yeast Ingredients Market Segmentation Analysis:
Middle-East and Africa 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.
Regional Analysis:
Geographically the Middle East and Africa Yeast Ingredients Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. Middle-East dominates the yeast ingredients market in this region and is predicted to continue its dominance over the forecast period.
Key Players in the Market:
Major Key Players in the MEA Yeast Ingredients Market are
- Associated British Food Plc
- Kerry Group Plc
- Koninklijke DSM N.V
- Sensient Technologies Corporation
- Angel Yeast Co., Ltd
- Lesaffre
- Lallemand Inc
- Leiber GmbH
- Synergy Flavors
- Beldem S.A
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