USA Yeast Extracts Market Set to Grow at 8.3% CAGR, Reaching USD 2.87 Billion by 2033 Driven by Demand in Food, Pharma, and Cosmetics

Yeast Extract Market
Yeast Extract Market

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.

“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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Get More Valuable Insights:

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)

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.

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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.

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