Global Specialty Yeast Market Size, Share, Trends, Covid-19 Impact & Growth Forecast Report - Segmented By Type (Yeast Extracts, Yeast Beta Glucan, Yeast Autolysates, And Other Yeast Derivatives), Species (Pichiapastoris And Saccharomyces Cerevisiae), Application (Food, Bakery, Functional Foods, Savory, Beverages, Feed And Others), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2032

Updated On: June, 2024
ID: 9924
Pages: 175

Global Specialty Yeast Market Size (2024 to 2032)

The global specialty yeast market size was assessed to be USD 3.10 billion in 2024 and is predicted to be valued at about USD 5.41 billion by 2032, recording a CAGR of 7.20% during the forecast period.

The special yeast is extracted from fresh yeast and is used in a variety of food applications. Professional yeast is used in a variety of food applications, including bakeries, salty foods, meat dishes, and ready meals. Special yeast is produced by the breakdown of proteins that can be used in fresh yeast. Enzymes break down proteins into smaller components and break down yeast deposits, and this process also produces special yeast products. Apart from that, the special yeast is used in the brewing industry and also in other foods to improve the taste. Professional yeast is known to be used frequently in the food industry due to its unique and special flavor. It contributes to reducing the salt content in various food products without loss of flavor. The special yeast consists of proteins, amino acids, vitamins, minerals, and carbohydrates and has technical specifications that are different from fresh yeast. The special yeast contains a variety of functional properties that provide nutritional and health benefits.

Global Specialty Yeast Market Drivers

The increased demand for bakery products and the increased consumption of high-quality animal feed and alcoholic beverages are expected to drive the global special yeast market growth. With the development of the food processing field, the demand in the special yeast market worldwide is increasing. The food and beverage industry is characterized by a strong supply chain, which enables retailers to purchase specialty foods quickly. Various types of sandwiches and sauces can be prepared using special yeast, which is an important consideration in terms of market growth. The logically strong presence of the food industry paved the way for the growth of the global special yeast market.

Investments in the food industry go to other subdomains related to this sector. The demand for functional foods like bread and grains has also increased, leading to global market growth. The application of special yeast for the preservation of meat products has increased the growth bar in the global market. In addition, special yeast is also used in other alcoholic beverages such as wine and beer manufacturing, which will benefit the special yeast market due to the strong growth of the alcoholic beverage industry. Consumption of baked goods such as bread, sandwiches, and pasta continue to rise, especially in the Asia Pacific market, a driving force behind the special yeast market.

Additionally, consumers are accelerating the world's specific yeast market by demanding natural flavors from foods. In addition, rapid changes in lifestyle, urbanization, and demand for prepared foods can accelerate the growth of the specialty yeast industry. The extensive use of products in the convenience food and beverage sector and their application to the evolving non-food sector will increase the size of the special yeast market. In addition, large-scale customer propensity for natural or organic foods is expected to drive market demand in the coming years. Factors like increasing urbanization, changes in lifestyle, and augmented demand for convenience products and natural food ingredients are promoting the worldwide market. If the demand for beer and wine increases due to large-scale intake in developing and developed countries, not only will the product infiltrate the main sector in large quantities, but also market revenues will increase significantly.

Special yeast, like yeast extract, is becoming a cost-effective culinary ingredient. As awareness of nutritious yeast increases, the use of special yeast increases. The specialty yeast industry has made significant progress due to the growth of the convenience food and beverage industry and the rise of the non-food sector. Due to the protein source, the application of yeast to feed products is expected to create unexplored opportunities in the global specialty yeast market. Technological advances have led specialty yeast manufacturers to discover new growth opportunities in the premium ingredient segment.

Global Specialty Yeast Market Restraints

Special yeast contains a large amount of sodium, which negatively affects consumers with hypertension problems, further limiting the market for special yeast. Additionally, the high consumption of brewed yeast, specialty yeast used in the brewing industry, is associated with side effects like headache, bloating, and migraine, one of the special yeast market challenges to overcome. Furthermore, due to high processing costs and strict government regulations, the growth of special yeast markets worldwide may be somewhat limited.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

7.20%

Segments Covered

By Type, Species, Application & Region

Various Analyses Covered

Global, Regional, and country-level analysis; Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global specialty yeast market has been segmented and sub-segmented based on type, species, application & region.

Global Specialty Yeast Market By Type

  • Yeast Extracts
  • Yeast Beta Glucan
  • Yeast Auto lysates
  • Other Yeast Derivatives

The yeast extract segment is expected to dominate the special yeast market during the forecast period. Due to high availability and increased application in the food and beverage industry, market demand for yeast extract is skyrocketing. Europe dominates the market as demand for specialty yeast increases in the bakery and liquor industries.

Global Specialty Yeast Market By Species

  • Pichiapastoris
  • Saccharomyces Cerevisiae

Saccharomyces cerevisiae is one of the most widely used yeast species because it can withstand strong and stressful conditions. As the demand for pepper and spiciness increases, Saccharomyces cerevisiae is used in various applications in the food industry. Used in the fermentation of wine and ethanol within the beverage industry. After using Saccharomyces cerevisiae in the production of ethanol, it is used in feed for its functional properties and health benefits, such as improving nutrient digestion in cows, reducing acidosis in the rumen, and improving the overall performance of animals.

Global Specialty Yeast Market By Application

  • Food

  • Bakery
  • Functional Foods
  • Savory
  • Beverages
  • Feed and Others

Specialty yeasts are used in food applications such as sauces, snack condiments, ready-to-eat meat, baked goods, and functional foods. Saccharomyces selsoviet, also known as baker's yeast, is the most commonly used yeast for fermentation. Yeast extracts, yeast auto degradants, and dry yeast are considered nutritional ingredients used in the food processing industry to improve the taste and aroma of various products such as nuts and cheese.

Global Specialty Yeast Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Geographically, the global specialty yeast market is divided into Europe, North America, the Middle East and Africa, Asia Pacific, and Latin America. The European region has led the world market for professional yeast with a market share of 47.0%. The food and beverage industry is one of the largest in Europe. The specialized yeast market in the region is growing rapidly due to various factors, such as increased consumption of alcoholic beverages and convenience products and knowledge of natural ingredients such as yeast extract. Europe is a very mature market where yeast is widely used in a variety of applications, such as food, feed, and pharmaceuticals. As the consumption of various baked goods such as bread, cakes, buns, cakes, and spirits increases, the region is one of the main markets in the professional yeast market. North America also has significant value in the specialized yeast market worldwide, primarily due to the increasing demand for natural ingredients in food. However, emerging economies such as Southeast Asia are experiencing strong growth in the global specialty yeast market due to rapid changes in lifestyle and rising per capita income.

KEY MARKET PLAYERS

Lallemand, Angel Yeast, Synergy Flavors, Lesaffre, Associated British Foods, Koninklijke DSM N.V. and Chr. Hansen are some of the major companies in the global specialty yeast market.

RECENT HAPPENINGS IN THE MARKET

  • In March 2019, Lallemand Biofuels & Distilled Spirits (USA) worked with BioTork LLC (USA) to develop improved yeast strains that could be used in the ethanol industry.
  • In January 2019, Ohly (Denmark) recently introduced Ohly-GO, a hydrolyzed yeast cell wall, to curb the usage of antibiotics in animal feed.

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Frequently Asked Questions

1. How is specialty yeast used in the food and beverage industry, and what types of products can it enhance?

Specialty yeast can enhance various food and beverage products' flavor, texture, and nutritional profile, including savory snacks, sauces, soups, and plant-based alternatives.

2. What sustainability practices are employed in the cultivation and production of specialty yeast?

Some manufacturers may employ sustainable practices such as waste reduction, energy efficiency, and responsible sourcing of raw materials to minimize the environmental impact of specialty yeast production.

3. What are the key functionalities or properties that make specialty yeast suitable for specific applications?

Specialty yeast may be chosen for properties such as flavor enhancement, improved fermentation, nutritional enrichment, or specific biochemical activities tailored to the needs of a particular industry.

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