Market-Overview
Yeast and yeast extract is commonly found in nutritional supplements, baked goods, and probiotics. Baker's yeast is utilized for various medical applications, comprising ethanol manufacturing, baked goods, and antibiotics. As per MRFR, the market is estimated to utilize a CAGR of 7.5% during the forecast period ending in 2024.
Adoption of yeast and yeast extract is growing exponentially due to amplified demand for feed, medicinal, and pet food products. Due to the escalating need for packaged cakes among end users, the market is anticipated to generate substantial demand in the coming years for the Yeast and Yeast Extract Market Size in the forecast period.
Key Players
The major players in the yeast & yeast extract market are British Foods PLC (U.K.), Chr. Hansen (Denmark), Leiber Gmbh (Germany), DSM N.V (Netherlands), Kerry Group (Republic of Ireland), Angel Yeast Co., Ltd (China), Lesaffre Group (France), Lallemand Inc (Canada), and Synergy Flavors (Ireland).
Market Segmentation:
By applications, the Yeast and Yeast Extract Market Size has been segmented into food & beverages and animal feed. Based on region, the Yeast and Yeast Extract Market Size has been categorized into four important regions: Asia-Pacific, North America, Europe, and other regions. Based on the type segment, the Yeast and Yeast Extract Market Size has been segregated into baker's yeast, feed yeast, wine yeast, and brewer's yeast.
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Regional Analysis
The North American Yeast and Yeast Extract Market Size will lead the worldwide market during the evaluation period. Due to the region's increasing demand for natural components and additives, this region motivates market expansion. Furthermore, this region is stimulated during the analysis period due to an upsurge in demand for alcoholic beverages and bread products among the region's customers. In addition, the Asia-Pacific regional market generates the greatest CAGR by gaining a greater market share over the forecast period. This region is mounting due to population growth, intensifying consumer disposable income, improved consumption of food & beverages, and improved development in the region. France, Italy, Spain, Germany, and the United Kingdom (U.K.) generate the most market income in Europe, followed by the rest of Europe.
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