Market Research Report
Yeast Extract Market Size, Share & Trends Analysis Report By Application (Animal Feed, Food & Beverages), By Technology (Autolyzed, Hydrolyzed), By Form, By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||952612|
|Published||Content info||150 Pages
Delivery time: 2-3 business days
|Yeast Extract Market Size, Share & Trends Analysis Report By Application (Animal Feed, Food & Beverages), By Technology (Autolyzed, Hydrolyzed), By Form, By Region, And Segment Forecasts, 2020 - 2027|
|Published: July 6, 2020||Content info: 150 Pages||
Market Growth & Trends
The global yeast extract market size is projected to reach USD 2.1 billion by 2027 registering a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The increasing demand for natural ingredients in the food & beverage industry will boost the market growth. Furthermore, yeast extracts are a dominant substitute for MSG in the food & beverage industry, thereby is expected to increase market penetration over the projected period.
Yeast extracts are majorly utilized in food & beverage applications and thus, this application segment is projected to lead the market at a steady CAGR from 2020 to 2027. Growing awareness about nutritional diet and its health benefits along with rising purchase parity have resulted in the growing consumption of healthy and processed food products. The market is highly competitive, in terms of product innovation and investments.
Key companies in the market have been spending more on research & development activities to gain a competitive edge. Moreover, most of the companies are focusing on M&A to strengthen their industry position and expand global reach. For instance, in February 2018, Lesaffre Group announced the acquisition of Alltech's yeast extract facility in Serbia, to establish its operations in Serbia.