The USA Yeast Extracts market is expected to reach a market valuation of USD 1,291.3 million by the year 2023, accelerating with a CAGR of 8.3% by 2023 to 2033.
The demand for natural components has been rising across different demographics over recent years. The growing acceptance of plant-based diets, and increased knowledge of the health advantages of yeast extract have all contributed to its steady rise in the USA.
In the upcoming years, the market is anticipated to rise moderately as a result of these and other factors.
The growing desire for natural ingredients is one of the main factors fueling growth in the yeast extract market. As consumers' awareness of their health increases, they look for items without additives and preservatives. A natural component that is well-positioned to profit from this trend is yeast extract.
As a result, producers are spending money on R&D to develop new products that satisfy consumer demand for natural ingredients.
The rising acceptance of plant-based diets is another factor boosting the market for yeast extract. Yeast extract is becoming more and more popular as a flavor enhancer and component in plant-based products.
Yeast extract has also been demonstrated to provide health advantages, including lowering cholesterol levels and decreasing inflammation, which appeals to consumers who are concerned about their health.
The COVID-19 epidemic had affected the yeast extract business as well, as consumers grew increasingly concerned with their health and wellbeing. As a result, natural and nutritious components, such as yeast extract, witnessed higher demand. This pattern is anticipated to persist even that the pandemic has now long passed.
However, the market for yeast extract also faces difficulties. With numerous established firms and recent newcomers competing for market share, one of the main issues is growing competition. Price pressure and the requirement for producers to continuously innovate and differentiate their products may result from this.
The outlook for the yeast extract market in the USA is positive, with opportunities for growth in the coming years. Awareness regarding trends is paramount to manufacturers’ success in this industry.
| Attributes | Details |
|---|---|
| Yeast Extracts Market Size (2023E) | USD 1,291.3 million |
| Yeast Extracts Market Projected Size (2033F) | USD 2,868.6 million |
| Value CAGR (2023 to 2033) | 8.3% |
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According to Future Market Insights (FMI), the market will continue to grow moderately, with a CAGR of 8.3% between 2023 and 2033 as opposed to a CAGR of 7.7% between 2018 and 2022.
In the food and beverage industry, yeast extracts are being used as a nutritional component very often. The consumer category of sauces and savoury flavorings continues to have the largest usage of autolyzed yeast extracts, followed by dairy products and packaged foods.
Yeast extracts are used as a flavor element in the manufacturing process of bread and beer. It can be observed in several different products, including cheese and sauce. The flavor that yeast extract generates is known as "umami."
As the USA consumer demand increases, so will the desire for healthy, nutritious products manufactured with natural ingredients.
Resources like saccharides and other sugar compounds are readily available at affordable rates. This has resulted in the USA market for yeast extract being predicted to grow throughout the anticipated time period.
The USA market is projected to expand as a result of increased alcoholic beverage consumption and demand for bakery products.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 7.3% |
| Jul to Dec (H2), 2021 (A) | 7.1% |
| Jan to Jun (H1),2022 Projected (P) | 7.5% |
| Jan to Jun (H1),2022 Outlook (O) | 7.6% |
| Jul to Dec (H2), 2022 Outlook (O) | 7.9% |
| Jul to Dec (H2), 2022 Projected (P) | 8.1% |
| Jan to Jun (H1), 2023 Projected (P) | 8.2% |
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Pet Owners in the USA to Boost Yeast Extract Manufacturing to Improve Palatability for Pets
Yeast extract and hydrolyzed yeast solutions have been demonstrated to have good palatability for dogs as well as cats. Research also reveals that the processed forms of yeast are more palatable than the inactive one.
This makes yeast processing through autolysis and hydrolysis procedures an excellent technique to increase product palatability. Consequently, processed yeast can be utilized as a method of distinguishing pet food.
Germ-protection and Hydration Properties of Yeast Compounds to Drive Demand in Cosmetics Sector
Yeast extracts are a combination of flavonoids, amino acids, sugars, and vitamins. This particular fungi product also has a significant amount of antioxidants.
This primes it to fight against potentially hazardous free radicals present in the environment and helps maintain the skin's overall health and look. This protective mechanism also enables extra skin care benefits like boosted moisturizing and calming properties.
The use of yeast extract can bring out a relaxing impact that can help soothe and heal troublesome skin. It achieves this by aiding in the reduction of the amount of oxidative harm that happens on the skin.
Moreover, yeast extract has demonstrated potential as a biosurfactant for moisturizing formulas. It is a wonderful choice for including into creams and lotions since it can increase moisturizer retention and enhance overall hydration as a result.
Overall, topical yeast extract application can better provide the skin with natural defense mechanisms that support healthy-looking skin.
The food and beverage industry is using yeast extract more often as a supplement, and it will continue to draw significant investment. Key players in the market are focusing on investment in R&D to innovate their products and production lines.
Innovation, strategic positioning, mergers and acquisitions, and sustainable initiatives are important for manufacturers to adopt, to help them stay competitive. A few recent developments in the market would be
| Attribute | Details |
|---|---|
| Yeast Extracts Market Projected Size (2033F) | USD 2868.6 million |
| Value CAGR (2023 to 2033) | 8.3% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value, MT for Volume |
| Key Segments Covered | Functional Area, Source, Form, and Use Case |
| Key Companies Profiled | 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; A. Costantino & C. spa. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market size to reach USD 2,868.6 million by 2033.
Fuji Food Corporations and Kerry Group are the top key players.
The growth potential of the USA yeast extracts market is 8.3% through 2033.
The increasing production costs are likely to limit market growth.
The cosmetic sector is highly preferred in the global market.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Market - Pricing Analysis, USD/Kg 5. Value Chain Analysis 6. Global v/s Market Comparison 7. Market Demand (in Value (USD million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Functional Area 8.1. Biotechnology (for cell nutrition) 8.2. Human Consumption (for flavor) 8.3. Cosmetics (for skin & hair health) 8.4. Agriculture (bio stimulants/bio-fertilizers, etc.) 8.5. Palatability Improvement 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 9.1. Yeast Autolysate 9.2. Yeast β-glucan 9.3. Yeast Mannan Oligosaccharide (MOS) 9.4. Baker’s Yeast 9.5. Nutritional Yeast 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 10.1. Powder 10.2. Liquid 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Use Case 11.1. Food 11.2. Beverages 11.3. Cosmetics 11.4. Dietary supplements 11.5. Agriculture (bio stimulants/bio-fertilizers, etc.) 11.6. Pet Food 12. Market Structure Analysis 13. Competition Analysis 13.1. Royal DSM N.V. 13.2. Lesaffre Group 13.3. Kerry Group 13.4. Lallemand, Inc. 13.5. Angel Yeast Co., Ltd 13.6. Fuji Foods Corporation 13.7. Associated British Foods 13.8. Sensient Technologies Corporation 13.9. Leiber GmbH 13.10. A. Costantino & C. spa. 13.11. ABF Ingredients (ABF Group) 14. Assumptions and Acronyms Used 15. Research Methodology
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USA Yeast Extracts Market
