Projected Growth: Specialty Yeast Market Anticipates 6.8% CAGR Through 2022-2032

The Specialty Yeast market is expected to increase from USD 115.9 Mn in 2022 to USD 241 Mn by 2032 and is likely to record a CAGR of 6.8% during the forecast period from 2022 to 2032.

Many factors influence the growth in the sales of specialty yeast products like growth in women’s employment, growth in the number of the nuclear family, unavailability of time to prepare food due to busy schedules, hectic and busy lifestyles, quick and easy preparation, and taste and preference of customers. About 56.2% of the global population live in urban areas which host working-class people that have a hectic lifestyle.

Specialty yeast replaces the yeast in processed foods as it provides food products with nutritious, functional properties and also serves as a flavor enhancer. Many packaged goods were launched in 2018, including 28% snacks, 10% soups, and 16% sauces and seasonings using yeast extract as the main ingredient. Hence the growing demand for processed food is, in effect, driving the growth of the market for specialty yeast.

Click the link to get a Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11527

It includes in-depth insights into the specialty yeast market. Some of these are:

  • The estimated value of the market was US$ 2,039.8 Mn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Europe is projected to dominate the specialty yeast industry growth over the assessment timeline.
  • The regional growth can be credited to the rise in the intake of alcoholic beverages along with the increase in customer knowledge about the health advantages derived due to product consumption.
  • The specialty yeast market in North America is expanding alongside advancements in the food processing sector of the US.
  • Investment in the global specialty yeast market is a nascent trend that has disrupted the growth dynamics of the market.

Coronavirus might Slow Down the Growth of the Specialty Yeast Market

The soaring degree of coronavirus spread has made consumers wary about their spending habits. As globally governments have enforced directives to curb the spread, recommendations for reduced travel, “social distancing” and other safety habits will compel consumers to make tough choices about eating away from home, placing order online or even home cooked meals. This will in turn have a considerable impact on the market and sales in the market. Declining spending power across the globe owing to the evolving recession and short-time appreciation of dollars led to significant decline in exports and imports.

Who is Winning?

Some of the major players of the global specialty yeast market are Chr. Hansen Holding A/S, Archer Daniels Midland, Lallemand, Kerry Group, Lesaffre, Synergy Flavors, Angel Yeast, AB Mauri, Koninklijke DSM N.V., Levex and others. Specialty yeast widely used in various food applications will increase due to its unique taste, natural flavoring and other functional properties and demand for specialty yeast products, providing manufacturers with a greater opportunity to gain future growth in the market for specialty yeast.

Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/11527

SPECIALTY YEAST MARKET TAXONOMY

The global Specialty Yeast Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type:

  • Yeast Extract
  • Yeast Autolysate
  • Yeast Beta-Glucan
  • Others

Species:

  • Saccharomyces C
  • Pichia Pastoris
  • Kluyveromyces
  • Others

Application:

  • Food
  • Beverages
  • Feed
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Request for Report Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-11527

Key Questions Answered in the Report

  • How much is the Specialty Yeast market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Pea starch sales?
  • How are market players reacting to the new developments in the market?
  • How much share do the top 5 companies hold?
  • Which are the major countries driving demand for specialty yeast?
  • Who are the major players in the Specialty Yeast Market?
  • At what rate will the U.S. Specialty Yeast market grow?
  • At what level does the report reflect pricing analysis?

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these