According to Future Market Insights (FMI), the USA yeast extracts market is expected to be valued at US$ 1,291.3 million in 2023. It is anticipated to reach US$ 2,868.6 million by 2033, and record a CAGR of 8.3% from 2023 to 2033.
Yeast products are easy to process and they are readily available in the market. This is a key factor helping the market gain heavy demand from sectors such as cosmetics \and the food and pharmacy.
In the cosmetics industry, yeast beta-glucan and yeast extract have been used as an ingredient in skin creams that promote anti-aging and sun protection. Usually, yeast extracts are used in economical ranges of cosmetics. They can be placed at an average price and can become more affordable for consumers.
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Even in the food and pharmaceutical industry, the low price of raw materials is a very important factor in determining sales prospects. This is why highly-priced and more difficult-to-procure ingredients are replaced by yeast products.
Beta-glucan is available in sources such as yeast, mushrooms, oats, barley, and others. Beta-glucan extracted from yeast is highly popular because of its cost-effective production processes.
Yeast beta-glucan along with other ingredients is increasingly used to treat lifestyle diseases. The ability of yeast beta glucans to reduce bad cholesterol, increase immune function and improve liver and brain function is making it highly attractive.
As a result, there is a rise in the number of nutraceutical product launches that contain yeast extract as one of the main ingredients. The yeast, mannan oligosaccharides, is used in dietary supplements but yeast beta-glucan is a preferred ingredient among both.
Key Takeaways from the Report:
- The USA yeast extracts market is valued at US$ 1,291.3 million in 2023, and is projected to reach US$ 2,868.6 million by 2033.
- In functional area segment, demand for human consumption holds a market share of 33.3%, followed by biotechnology (for cell nutrition) which holds 29.0% market in 2023.
- By source, baker’s yeast is expected to increase at a CAGR of 7.2% and is anticipated to reach a market value of US$ 1,167.5 million by 2033.
- By form, powder is expected to grow from US$ 941.1 million in 2023 to reach a market valuation of US$ 2,149.8 million by 2033.
- By use case, dietary supplements are growing at a lucrative CAGR of 10.6% and are expected to reach market valuation of US$ 625.1 million by 2033.
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“Yeast extract products are gaining popularity in the USA market mainly due to them being derived organically. As health consciousness increases among the general masses, additive-free, clean-label foods are gaining popularity. Manufacturers would find significant opportunity by innovating to create food items with yeast extracts, as it also scores high in improving palatability.” – says a Lead Analyst
Competitive Landscape: USA Yeast Extracts Market
The competitive landscape is fuelled by the presence of key national and international players. Leading Companies are implementing mergers & acquisitions and new product launches as key strategies to compete in the market.
Acquisitions and mergers have facilitated companies to improve product quality and expand product reach. Moreover, launching new products in the market has supported the companies to offer demanded quality products and meet the changing consumer trends across the industry.
- In September 2022, Lesaffre, a global fermentation company acquired Recombia Bisciences which is a biotechnology company based in San Francisco.
- In July 2022, Angel Yeast Co. announced it’s expanding production facility for biodegradable polyhydroxyalkanoates (PHA) polyesters with Beijing PhaBuilder Biotechnology in Yichang, China.
Key Players:
- Royal DSM N.V.
- Lesaffre Group
- Kerry Group
- Lallemand, Inc.
- Angel Yeast Co. Ltd.
- Fuji Foods Corporation
- ABF Ingredients (ABF Group)
- Sensient Technologies Corporation
- Leiber GmbH
- Costantino & C. spa.
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Future Market Insights, in its new offering, provides an unbiased analysis of the U.S. Yeast Extracts Market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the U.S. Yeast Extracts Market By Functional Area (Biotechnology (for cell nutrition), Human Consumption (for flavor), Cosmetics (for skin & hair health), Agriculture (bio stimulants/ bio-fertilizers, etc.), and Palatability Improvement), By Source (Yeast Autolysate, Yeast β-glucan, Yeast Mannan Oligosaccharise (MOS), Baker’s Yeast, Nutritional Yeast, Torula Yeast, and Brewer’s Yeast) By Form (Powder and Liquid) By Use Case (Cosmetics, Beverages, Cosmetics, Dietary supplements, Agriculture (bio stimulants/ bio-fertilizers, etc.), and Pet Food)
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