The Europe Yeast Ingredients Market was assessed to be US$ xx million in 2022, and it is predicted that it will reach US$ xx million by 2028 with a notable annual expansion rate between 2023 and 2028.
Yeast is a living single-celled organism that is found abundantly in soil, on plant surfaces, and in sugar-laden media such as flower nectar and fruit. Yeast that is commonly used as a leavening agent when baking bread and bakery products is called baker's yeast. Yeast is an organic chemical plant organism because it uses natural mixtures to rejuvenate itself and does not require sunlight to grow or survive. Yeast is a common ingredient and is used as one of the essential livelihoods in the nutritional processing industry. Yeast is used to add flavor and flavor to processed foods most yeasts have a distance of 3-4 µm however some yeasts can reach up to 40 µm in width. Yeast is a natural ingredient and is used as one of the main food ingredients in the food processing industry. Due to its high nutrient content, yeast is used as a flavor enhancer in a variety of processed foods, such as canned foods, baked goods, sandwiches, sauces, and dairy products.
Growing consumer awareness of the resulting health benefits and nutritional importance of yeast extracts is expected to create growth opportunities for market participants during the forecast period.
The growing demand for conventional and processed foods is leading the European market for yeast ingredients. Therefore, increased investment in the pharmaceutical industry is expected to increase the demand for yeast ingredients in this area. Also, the expanded use of inexpensive prepared foods, especially bread cookware, is expected to drive market development. Developing importance of these ingredients with their exquisite flavors and their considerable application to aging treatment has helped to establish the market in recent years. Yeast ingredients used in different sectors, including other businesses, for example nutrition and feed. Besides, the demand for yeast ingredients has increased significantly due to the benefits of their use in other sectors. Yeast ingredients are used on site to create flavor, savory aroma, and enhance flavor, increasing palatability. In addition, the market for yeast raw materials is evolving as the demand for livestock products in developing countries increases rapidly. The market is driven by the rising demand for processed foods and beverages as the impact of busy lifestyles in developing countries increases. Additionally, the increasing use of yeast ingredients as nutritional supplements, pharmaceuticals, and the growing interest of consumers in organic foods made with natural food additives are another factor that is expected to drive the growth of the Europe yeast ingredient market during the outlook period.
The increasing demand for yeast ingredients in the food and beverage industry, the health benefits, and increased personal awareness of the nutritional value of yeast in foods are key factors driving the growth of the Europe yeast ingredient market. Additionally, the increased use of yeast ingredients in dairy, cosmetics and animal feed is another factor that is expected to drive the market over the outlook period. Additionally, significant demand for prepared and ready-to-eat foods is expected to drive consumption of yeast ingredients in the food industry during the conjecture period. The increasing use of additives and natural ingredients in confectionery and functional foods is expected to increase the demand for yeast ingredients in foods and supplements. Growing consumer awareness of the resulting health benefits and nutritional importance of Europe yeast extracts is expected to create growth opportunities for market participants in the coming years.
One of the main factors holding back the Europe market is the lack of basic raw materials, which is creating demand in various sectors due to restrictions on molasses trade in European countries. Another reason for this shortage is the high price of biofuel, which is a great threat to competition from biofuels. Also, strong competition between market players is another factor that is expected to hamper the growth of the Europe Yeast Ingredients market during the forecast period.
The global impact of coronavirus disease (COVID-19) in 2019 has already started to be felt, and in 2020 it will have a major impact on the yeast and yeast extracts market. By creating a supply chain, COVID-19 can affect the global economy in three main ways. Market disruption caused by direct impacts on production and demand and financial impacts on commercial and financial markets. The COVID-19 outbreak has affected several aspects, such as the travel ban and quarantine.
Based on the type, the yeast extract segment accounted for a protruding portion with the dominant revenue share. Increasing consumer preference for savory foods and flavors is expected to drive the global market for yeast ingredients. Yeast extract is prepared from baker's yeast or brewer's yeast.
By application, the Europe yeast ingredients market is segmented into animal feed, food& beverages, pharmaceuticals, etc. The food industry has the largest share of the world market for yeast ingredients. Growing health awareness and rapidly evolving consumer indulgence are driving demand for foods low in sodium, low in fat, and free of glutamic acid. Processed food manufacturers are targeting consumers with better low-salt products to increase sales in stagnant and mature markets.
Geographically the Europe Yeast Ingredients Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. The European market held the largest share in terms of revenue in the yeast ingredients market, as the consumption of functional foods increased as the dairy industry grew in the countries of the region. Significant growth is expected during the foreseen period due to the development of the bakery industry and business expansion in target markets including Germany, UK, Italy and France. The increasing prevalence of bakery foods and beverages will drive the market for years to come. An increase in the demand for bakery foods in European countries is likely to increase regional demand for products during the envisioned period.
Key Players in the Market:
Major Key Players in the Europe Yeast Ingredients Market are
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