Specialty Yeast Market Trends , Growth And Analysis


Posted November 6, 2023 by JyotiP

Specialty Yeast Market by Type (Yeast Extract, Yeast Autolysate, Yeast Beta - Glucan), Application (Bakery Production, Flavoring, Biofuels), Species (Saccharomyces Cerevisiae, Kluyveromyces), and Industry
 
The growth of Specialty Yeast Market is mainly attributed to increasing demand for processed foods such as bakery products (breads, buns, doughnuts, pizza, etc.) and beverage (alcoholic & non-alcoholic) products, which contain specialty yeast as a main ingredient.

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Increasing Consumer Demand for Processed Food Products Drive the Growth of the Overall Specialty Yeast Market

Factors such as growing urbanization & customization, dynamic lifestyle changes, rising number of nuclear families, growing number of women in the workforce, and availability of less time for food preparation is driving the demand for processed food products. In 2018, 55% of the world’s population lives in urban area which is expected to increase by 68% in 2050. Moreover, changes in eating habits such as preference towards ready-to-eat, ready-to-cook products also leads to increase in consumer demand for processed foods.

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Specialty yeast is replacing the yeast in processed products as it provides nutritional, functional properties to food product and also act as a flavor enhancer. In 2018, many processed products were launched which includes 28% snacks, 10% soups, and 16% sauces and seasonings using yeast extract as a main ingredient. Therefore, the increasing demand for processed food is, in turn, fueling the growth of specialty yeast market.

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Along with this, abundant availability of raw materials, changing lifestyles, and relaxation in policies have given a considerable push to the industry’s growth. These growing number of food and beverage establishments is leading to the high production of processed food products like bread, buns, snacks, soups, sauces, and seasoning etc. Therefore, increasing productivity of food and beverage sector provide an array of opportunities to the specialty yeast market as specialty yeast serve as an input for further manufacturing of these products.
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Categories Business , Food , Technology
Last Updated November 6, 2023