The specialty yeast market is estimated to account for a value of USD 2.91 billion in 2020 and is projected to grow at a CAGR of 8 % from 2020, to reach a value of USD 5.0 billion by 2027. The demand within the global specialty yeast market is rising on account of advancements in the domain of food processing. Several types of snacks and sauces can be manufactured with the help of specialty yeast, and this is a key consideration from the perspective of market growth. The food and beverages industry is characterised by a robust supply chain, and hence, quick acquisition of specialty foods by retailers is quite achievable. The presence of a logistically sound food industry has paved way for the growth of the global specialty yeast market.
Investments in the food industry trickle down to several other sub-domains pertaining to this sector. Hence, the global specialty yeast market is expected to grow at the back of an ever-widening portfolio of food products. The application of specialty yeast in preserving meat products has pushed the growth bar of the global market. There is an increased demand for functional foods such as breads, cereals, and nutraceuticals which has also propelled market demand.
Specialty yeast is extracted from the fresh yeast and used for a variety of food applications. Specialty yeast produced from the breakdown of proteins which are available in fresh yeast. The enzymes break down the proteins into smaller components and disintegrate the yeast shell, this process further produces the specialty yeast products. Specialty yeast is utilized in different food applications including, bakery, savory, meat dishes, ready meals, and others. Apart from that, specialty yeast also used in the brewing industry and also used in different food products to enhance the flavors.
Specialty yeast is made up of proteins, amino acids, vitamins, minerals, and carbohydrates and possesses the different technical specification from fresh yeast. Specialty yeast is known is frequently used in the food industry due to its unique and special taste. It contributes to the lowering the salt content in a variety of food products without loss of flavor. The specialty yeast contains the different functional properties which further provide the health and nutritional benefits.
The key players in this market include Associated British Foods (UK), Angel Yeast (China), Lallemand (Canada), Lesaffre (France), and Chr. Hansen (France). Major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
On the basis of geography, the global specialty yeast market can be segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The specialty yeast market in North America is expanding alongside advancements in the food processing sector of the US. The food & beverage industry in the Asia Pacific region is growing due to factors such as the growing demand for dairy products such as cheese and yogurt along with the growth in the market for plant-based alternatives and traditional fermented products. Some of the major trends witnessed in the Asia Pacific region include increasing awareness about health & wellness and the growing demand for products that are natural, pure, and fresh, due to which fermented flavours such as kimchi and kombucha are gaining popularity.
Investments in the food industry trickle down to several other sub-domains pertaining to this sector. Hence, the global specialty yeast market is expected to grow at the back of an ever-widening portfolio of food products. The application of specialty yeast in preserving meat products has pushed the growth bar of the global market. There is an increased demand for functional foods such as breads, cereals, and nutraceuticals which has also propelled market demand.
Specialty yeast is extracted from the fresh yeast and used for a variety of food applications. Specialty yeast produced from the breakdown of proteins which are available in fresh yeast. The enzymes break down the proteins into smaller components and disintegrate the yeast shell, this process further produces the specialty yeast products. Specialty yeast is utilized in different food applications including, bakery, savory, meat dishes, ready meals, and others. Apart from that, specialty yeast also used in the brewing industry and also used in different food products to enhance the flavors.
Specialty yeast is made up of proteins, amino acids, vitamins, minerals, and carbohydrates and possesses the different technical specification from fresh yeast. Specialty yeast is known is frequently used in the food industry due to its unique and special taste. It contributes to the lowering the salt content in a variety of food products without loss of flavor. The specialty yeast contains the different functional properties which further provide the health and nutritional benefits.
The key players in this market include Associated British Foods (UK), Angel Yeast (China), Lallemand (Canada), Lesaffre (France), and Chr. Hansen (France). Major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, and agreements. These companies have a strong presence in North America and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
On the basis of geography, the global specialty yeast market can be segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The specialty yeast market in North America is expanding alongside advancements in the food processing sector of the US. The food & beverage industry in the Asia Pacific region is growing due to factors such as the growing demand for dairy products such as cheese and yogurt along with the growth in the market for plant-based alternatives and traditional fermented products. Some of the major trends witnessed in the Asia Pacific region include increasing awareness about health & wellness and the growing demand for products that are natural, pure, and fresh, due to which fermented flavours such as kimchi and kombucha are gaining popularity.
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