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Specialty Yeast Market Size, Share Global Analysis Report, 2021 – 2026
Specialty Yeast Market: By Type (Yeast Extract, Yeast Beta Glucan, Yeast Autolysates, Hydrolyzed Yeast, and Others), By Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, and Others), By Application (Feed, Food, Biofuels, Beverages, and Others), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
According to Facts & Factors, the report published on the global specialty yeast market encompasses the complete market details. The market study exhibits the global Specialty Yeast Market value is around USD 2.9 billion in 2020 and is projected to grow at a CAGR of 7.9%, to reach a value of around USD 4.3 billion by 2026.
Market Overview
Yeast is single-celled fungi primarily used in the food & beverage industry. There are more than 1,500 different species of yeast. Cane molasses is the primary raw material used for the production of specialty yeast. It is used in products such as ready-to-eat meat, snacks seasoning, bakery products, alcohol, sauces, and functional foods. The Saccharomyces cerevisiae, commonly referred to as baker's yeast is primarily used for the process of fermentation.
The changing food preferences are projected to bolster market growth. Moreover, the specialty yeast is gaining momentum due to its nutritional value, cost-cutting culinary, and functional ingredients. These yeasts have been found to be highly applicable in the non-food and food & beverage industry. Rising demand for convenience food, urbanization, and changing consumer preferences will help the specialty yeast market bolster during the forecast period.
Industry Growth Factors
High demand for bakery & confectionery products and alcoholic beverages is a factor majorly fueling the global specialty yeast market. The supreme quality animal feed coupled with increasing use in alcoholic beverages is Growing demand for bakery products, high-quality animal feed and increasing alcoholic beverage consumption is expected to generate more revenue for the global specialty yeast market. Furthermore, the increasing need for bio-ethanol yeast for fuel production to avoid impact on the environment and renewable sources is likely to have a major stimulus on the specialty yeast market.
Yeast is a primary source of protein. Additionally, the growing demand for natural plant-based yeast and people preferring vegan products is projected to have a major influence on specialty yeasts. The increasing use of specialty yeast in packaged foods will further drive the specialty yeast market growth. Most importantly, its sensory properties and biological stability increase its use in wine, which has a major impact on the market growth. Multiple uses of specialty yeast in the production of biopharmaceuticals such insulin, human serum albumin, insulin analog, etc.
In addition to this, the growing application of this yeast in the making of fermented beverages such as wine, beer, etc. is another factor fueling the market expansion. However, the increasing pricing of molasses due to its use in bioethanol production could restrain the market growth over the forecast period. The sodium content in the specialty yeast and the gas, bloating, migraine caused by this type of yeast could possibly restrain the specialty yeast market growth over the forecast period.
Segmentation Analysis
The global specialty yeast market is segmented based on type, species, application, and regions.
Based on type, the global specialty yeast market is divided into yeast extract, yeast beta-glucan, yeast autolysates, hydrolyzed yeast, and others. Yeast extract holds the largest market share owing to its increasing use of it in the food industry for delicious food products. Furthermore, the nutritional, natural, and vegetarian components such as vitamins, minerals, amino acids, and carbohydrates of yeast extract enhance its sales across the globe.
On the basis of species, the market is segregated into Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, and others. From these, the Saccharomyces Cerevisiae segment held the highest market share owing to its ability to withstand harsh conditions. Rising demand for peppery & spicy flavors in the food industry and also these fungi’s application in the preparation of ethanol, wine, beer, and others will propel the impact of Saccharomyces Cerevisiae on the market. Additionally, the health benefits of Saccharomyces Cerevisiae such as reducing acidity in the rumen, easing digestion, etc. increase its utilization in the feed industry.
By application, the specialty yeast market is categorized into feed, food, biofuels, beverages, and others. The food segment is anticipated to hold the highest market value. The changing consumer consumption preferences are the major reason propelling the food segment in the specialty yeast market. The increasing demand for ready-to-eat products, sauces, bakery & confectionery, and functional foods further augment the specialty yeast market growth.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 2.9 billion |
Projected Market Size in 2026 |
USD 4.3 billion |
CAGR Growth Rate |
7.9% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Associated British Foods, Angel Yeast Co. Ltd, Allemande, Archer Daniels Midland Company, Lesaffre, Biorigin, Koninklijke DSM N.V., Leiber GmbH, Chr. Hansen Holding A/S, and Kerry Group |
Key Segment |
By Type, By Species, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Analysis
The Asia Pacific is projected to exhibit the highest growth rate over the forecast period. The work-oriented lifestyle, longer working hours, and increasing disposable income among Asians are anticipated to increase the demand for ready-to-eat and convenience products, thereby influencing the specialty yeast market. Additionally, the rising number of manufacturers adopting the latest business strategies to enhance the production of specialty yeast will further propel the market in the Asia Pacific region. The growing health awareness and demand for natural food products among the public are the reasons bolstering the specialty market in the region.
Competitive Players
Some of the dominating market players in the global specialty yeast market include
- Associated British Foods
- Angel Yeast Co. Ltd
- Allemande
- Archer Daniels Midland Company
- Lesaffre
- Biorigin
- Koninklijke DSM N.V.
- Leiber GmbH
- Chr. Hansen Holding A/S
- Kerry Group
By Type Segment Analysis
- Yeast Extract
- Yeast Beta Glucan
- Yeast Autolysates
- Hydrolyzed Yeast
- Others
By Species Segment Analysis
- Saccharomyces Cerevisiae
- Pichia Pastoris
- Kluyveromyces
- Others
By Application Segment Analysis
- Feed
- Food
- Savory & Snacks
- Cheese
- Bakery & Confectionary
- Ready-to-eat
- Functional foods
- Biofuels
- Bioethanol
- Beverages
- Others
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Associated British Foods
- Angel Yeast Co. Ltd
- Allemande
- Archer Daniels Midland Company
- Lesaffre
- Biorigin
- Koninklijke DSM N.V.
- Leiber GmbH
- Chr. Hansen Holding A/S
- Kerry Group
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