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Pulished Date October, 2021
ID: 12259
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North America Yeast Extract Market by Application (Food & Beverages, Animal Feed), By Technology (Hydrolyzed, Autolyzed), By Form (Powder, Liquid, Others), and By Region- Growth, Size, Share, Trends, Impact of COVID-19 and Forecast (2021-2026)

Pulished: October, 2021
ID: 12259
Pages: 140

North America Yeast Extract Market Size Share Growth Analysis 2021-2026

North America Yeast Extract Market was worth USD XX million in 2020, so it is estimated to reach USD XX million by 2026, growing at a CAGR of XX%. Because of its strong flavor is commonly employed as a flavoring agent to make delicious savory dishes found in a wide range of food products. In addition, the extracts are leaven or ferment in various food products to improve texture and flavor while adding nutritional value. Thus, significant veganism adoption, resulting in increased usage of nutritious yeast extract, is expected to be a critical development in the yeast extract market in the coming years.

Recent Developments 

  1. Lesaffre announced that it had acquired the Alltech yeast extract facility in Serbia in February 2018. With this takeover, the firm will extend its operations in Serbia and contribute to gaining a dominant share in the market.
  2. Ohly today announced the launch of their new creation, SAV-R-FULL, in June 2017. When compared to typical products, the product is created from 100 percent soluble natural yeast extract, has a rich flavor, and has a consumption of less than 50 percent.
  3. Lesaffre, a global leader in the yeast and fermentation sector, announced its acquisition of Sensient's food division and yeast extract facility in Strasbourg in January 2017.

Market Growth

Drivers

The increasing use of yeast extracts in the food, pharmaceutical, and cosmetics industries is driving considerable growth in the yeast extracts market in North America. Yeast extracts are an active component in many culinary applications because they are high in proteins, vitamins, and minerals. The market's expansion is also due to changing lifestyles and rising demand for organic, healthier, and clean-labeled products. The growing number of people adopting the vegan lifestyle and making better choices that are not cruel to animals is propelling the market growth. In addition, the ever-increasing demand for bakery foods and alcoholic beverages has boosted the expansion of yeast extracts. The market for all types of yeast is being driven by the rising demand for yeast as a taste enhancer. Another encouraging reason for yeast extracts is the increasing demand for MSG, a synthetic taste enhancer; the MSG industry is predicted to expand significantly in the future years. Yeast extract has been shown in studies to be an adequate alternative for MSG. Significant mergers and acquisitions, partnerships between small and big essential players in this sector, and effective partnerships are becoming industrial norms, propelling market expansion. The preference of animal food manufacturers for employing yeast extract to enhance flavor also plays a pivotal role in the market expansion of yeast extracts.

Restraints

The hefty initial cost requirements connected with yeast extract production plants and other infrastructure are constraining market growth. Additionally, legal concerns about including yeast extracts as components or flavoring agents to food and feed products are limiting the market's growth. Furthermore, the potential advantages of yeast extracts over GMO alternatives are likely to overcome this constraint in the coming years.

MARKET REPORT COVERAGE:

REPORT STATISTICS

INSIGHTS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

xx%

Segments Covered

By Application, By Technology, and By Form

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, Company Profiles, Primary and Secondary Analysis, Company's Revenue Analysis, and etc.

Countries Covered

The United States, and Canada

Market Segmentation

The North America Yeast Extract Market is segmented by Application, Technology, and Form.

By Application

  • Food & Beverages
  • Animal Feed

The market is augmented into Food & Beverages, Animal Feed. In 2019, the food and beverage segment led the market and retained the most significant share. Because of the increasing hypersensitivity triggered by MSG, product demand in the food and beverage sector is increasing dramatically. In addition, the food and beverage application is expected to witness high growth throughout the projected period due to substantial product utilization in saccharification in baking applications. In 2019, animal feed was the second-largest segment. Due to increased sales in this segment, it is expected to proliferate due to various nutritional advantages such as better animal productivity and efficiency, digestibility, and minimized acidity concerns. In addition, the product includes many bio-active ingredients, such as cell wall polysaccharides and nucleotides, beneficial to piglet gastrointestinal health. As a result, it is thought to be a viable in-feed antibiotic alternative.

By Technology

  • Hydrolyzed
  • Autolyzed

The market is segmented into Hydrolysed and Autolyzed. In 2019, the autolyzed technology section held the most significant market revenue. The segment tends to sustain its leading position throughout the projection because of the distinct taste of autolyzed yeast extracts in various food dishes include bakery items, soups, and dressings. These extracts are high in minerals and vitamin B. Furthermore, the autolyzed category is driven by increased demand for natural food ingredients and clean label products. The autolyzed approach is inexpensive and has a high extraction rate.

The hydrolysis approach, on the other hand, is more expensive but can produce high-quality products. Several technological breakthroughs, such as membrane ultrafiltration technology, flavoring technology, and yeast cell wall breaking technology, are being developed. By using Maillard's reaction, flavor-enhancing technology is employed to create flavored yeast extract with the flavor of chicken, beef, and other meats. Second, Autolyzed yeast is often made by allowing the peptide bonds of the yeast's proteins to hydrolyze. This is accomplished by one of two distinct approaches. First, edible yeast is heated to a required temperature that affects proteolytic enzymes that were intact with the yeast to digest the proteins and break their connections, resulting in different amino acids and peptides.

By Form

  • Powder
  • Liquid
  • Others

The market is primarily augmented into Powder, Liquid, and Others. The powder form dominates the industry in 2019, contributing to a significant chunk. It is predicted to increase in the next six years due to its widespread use in various applications such as baking & confectionery, meat, dairy, pharmaceuticals, and nutritional supplements. The powder form is termed a natural flavor enhancer or flavoring agent that can be used in place of MSG. It's also utilized in bacterial culture media as a nutrient. The powdered substance is far more convenient to use than the paste form. The weighing of powdered items is reasonably precise; the addition is accessible, the package cutting can be discarded, and there is no trouble with the product's low fluidity.

Regional Analysis

  • U.S
  • Canada
  • Rest of North America

North America dominates the necessity yeast extract. The high intake of bakery foods such as bread, pastries, doughnuts, buns, rolls, and croissants in nations mainly the United States, Canada, and Mexico has rendered North America the dominant country in the market for yeast extracts. In addition, consumers in these areas are consuming processed foods at an astounding rate, resulting in a significant increase in processed food producers.

Impact of COVID-19 on North America Yeast Extract Market

Since the outbreak, the number of COVID-19 cases in North America has been increasing. The food and beverage industry has been dramatically impacted by the closure of manufacturing operations and a labor shortage. The virus's spread has resulted in the closure of production plants to prevent infection. Additionally, because of the global lockdown, the transportation of raw materials and finished items is halted. This may result in diminishing manufacturer profitability, which may have an impact on yeast extract demand. As a result of trade restrictions and government-imposed lockdowns, the activities of manufacturers and distributors in the food and beverage business were disrupted.

Key Players

Major Players in the North America Yeast Extract Market are 

  • Kothari Fermentation & Biochem Ltd
  • Kerry Group
  • Titan Biotech Limited Company
  • Oriental Yeast
  • Biorigin
  • AB Mauri
  • Lesaffre Group
  • Kohjin Life Sciences
  • Angel Yeast
  • Leiber GmBH

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Yeast Extract Market, By Application               

                                6.1.1 Food & Beverages

                                6.1.2 Animal Feed           

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Yeast Extract Market, By Technology               

                                6.2.1 Hydrolyzed             

                                6.2.2 Autolyzed

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Yeast Extract Market, By Technology               

                                6.3.1 Powder    

                                6.3.2 Liquid        

                                6.3.3 Others      

                                6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Yeast Extract Market, by Region                          

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application       

                                7.2.3 By Technology       

                                7.2.4 By Technology       

8. Key Player Analysis                                    

                8.1 Kothari Fermentation & Biochem Ltd                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Kerry Group               

                8.3 Titan Biotech Limited Company                         

                8.4 Oriental Yeast                           

                8.5 Biorigin                         

                8.6 AB Mauri                     

                8.7 Lesaffre Group                         

                8.8 Kohjin Life Sciences                

                8.9 Angel Yeast                

                8.10 Leiber GmBH                           

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Application and region along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Yeast Extract Market By Application, From 2021-2026 ( USD Billion )
  2. North America Food & Beverages Market By Region, From 2021-2026 ( USD Billion )
  3. North America Animal Feed Market By Region, From 2021-2026 ( USD Billion )
  4. North America Yeast Extract Market By Technology, From 2021-2026 ( USD Billion )
  5. North America Hydrolyzed Market By Region, From 2021-2026 ( USD Billion )
  6. North America Autolyzed Market By Region, From 2021-2026 ( USD Billion )
  7. North America Yeast Extract Market By Form, From 2021-2026 ( USD Billion )
  8. North America Powder Market By Region, From 2021-2026 ( USD Billion )
  9. North America Liquid Market By Region, From 2021-2026 ( USD Billion )
  10. North America Others Market By Region, From 2021-2026 ( USD Billion )
  11. United States Yeast Extract Market By Application, From 2021-2026 ( USD Billion )
  12. United States Yeast Extract Market By Technology, From 2021-2026 ( USD Billion )
  13. United States Yeast Extract Market By Form, From 2021-2026 ( USD Billion )
  14. Canada Yeast Extract Market By Application, From 2021-2026 ( USD Billion )
  15. Canada Yeast Extract Market By Technology, From 2021-2026 ( USD Billion )
  16. Canada Yeast Extract Market By Form, From 2021-2026 ( USD Billion )

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