North America Specialty Yeast Market is likely at USD xx. xx million in 2022 and is estimated to a range of over USD xx. xx million by the end of the assessment period. The North America Specialty Yeast Market is likely to knowledge reasonable growth to the highest of a CAGR of xx.xx% through the estimated period (2023 - 2028).
Specialty yeast is the yeast that is extracted through the yeast that is used to make different food products such as bakery, salt, meat dishes, ready meals, among others. Specialty yeast is widely used in alcoholic beverage production, baking, ethanol production, bioremediation, nutritional supplements, yeast extract, probiotics, genetically modified bio-factories, and others. Various specialty yeast products, such as yeast extracts, whipped yeast glucan, yeast autolysis, and others, are emerging as culinary and functional ingredients to reduce costs.
Recent Developments
French yeast producer “Lesaffre” has acquired the Alltech yeast abstraction plant in Serbia. The business is part of Alltech's continuing emphasis on its animal nutrition, plant, and core business. Lesaffre has important strategic development goals in nutrition and health that are based on 165 years of experience and knowledge in yeast and fermentation products. This transaction will strengthen its leadership position in the growing yeast extract market.
Montreal, Que - Lallemand announces the acquisition on October 29 of the yeast alcohol and molasses plant in Grenaa, Denmark, from V&S Distillers, the spirits market leader in Northern Europe. The Grenaa yeast factory, registered under the name De Danske Gærfabrikker A / S, currently employs around 80 people. This plant supplies most of Denmark's baker's yeast requirements and V&S molasses alcohol requirements. Since 1988, it has also supplied a significant part of Lallemand's specialty yeast needs for world markets.
The acquisition will strengthen Lallemand's position in the European bakery yeast market and increase its production capacity to meet the growing needs of its specialty yeast industry around the world.
Market Drivers and Restraints:
The use of specialty yeast to maintain the freshness of the processed food product has played a dynamic role in driving the growth of the specialty yeast market. Rules and regulations that support government food regulatory bodies for the use of yeast in microbreweries will increase the demand for yeast extract in the coming years. The increasing application of specialty yeasts in the baking industry will positively benefit the specialty yeast market.
Special yeast is mainly used as a leavening and flavoring agent in bread and cake preparations. Specialty yeast is widely used in savory taste and umami taste sensation. The increasing use of specialty yeast varieties in a variety of packaged and ready-to-eat foods, such as frozen meals, crackers, snacks, ready-to-eat foods, and others, is expected to drive the specialty yeast market in recent years. The increasing use of autolytic yeast in winemaking, as it helps to improve fermentation and wine quality, is expected to fuel market demand for specialty yeasts.
Cane molasses is the main raw material used for the production of special yeasts. The fluctuating and rising price of molasses due to its increased application in bioethanol production is expected to be a major drag on the growth of the specialty yeast market.
Market Segmentation:
Type:
Species:
As the demand for pepper and hot pepper increases, Saccharomyces cerevisiae is used in various applications in the food industry and used in the fermentation of wine and ethanol in the beverage industry.
Application:
Saccharomyces selsoviet, also known as baker's yeast, is the most common yeast used for fermentation. Yeast extracts, self-degrading yeasts, and dry yeast are considered nutritional ingredients that are used in the food industry to enhance the taste and aroma of various products such as nuts and cheese.
Regional Analysis:
The increasing use of specialty yeast (Saccharomyces boulardii) as a probiotic due to its beneficial effect on human gut health will positively benefit the specialty yeast market in North America. US Specialty yeast market has been gaining traction over the shares from the past few years and is estimated to continue the same in the coming years. Increasing expenditure and rising disposable income are propelling the demand of the market in the US. Canada's specialty yeast market is likely to have the fastest growth rate in the foreseen years.
Leading Company
Lallemand had the largest share of the North America Specialty Yeast Market in terms of sales revenue in 2021.
Key Players
The North America Specialty Yeast Market is concentrated with well-established players. Key players in the North America Specialty Yeast Market include
Lallemand
Associated British Foods plc
Archer Daniels Midland Company
LALLEMAND Inc.
Chr. Hansen Holding A/S
DSM
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