North America Yeast Extract Market is expected to reach US$ 561.2 million by 2027

Autolyzed Segment Held Largest Share of Technology in North America Yeast Extract Market in 2019

According to The Insight Partners market research study of ‘North America Yeast Extract Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by technology, form, and application’ the North America Yeast extract market is expected to reach US$ 561.2 million in 2027 from US$ 389.6 million in 2019. The market is estimated to grow with a CAGR of 4.7% from 2020-2027. The report provides trends prevailing in the North America Yeast extract market and the factors driving market along with those that act as hindrances.

Based on the technology, the yeast extract market is segmented into autolyzed and hydrolyzed. In 2019, autolyzed segment accounted for largest share in the market as autolyzed yeast is a relatively inexpensive alternative to monosodium glutamate (MSG). The autolyzed yeast extract is vegan in nature making it ideal for a large array of population around the world. Furthermore, the autolyzed yeast extract adds health benefits along with the taste enhancement to the food items making it a preferred choice over MSG. Autolyzed yeast is also a rich source of vitamin B and other micronutrients. In addition, several technological innovations for yeast cell wall breaking are being developed leading to introduction of new products in the market thereby further propelling the growth of the segment during the forecast years. On the other hand, the hydrolyzed yeast extract is likely to witness the fastest growth in the market owing to factors such as use of the product in production of premium-quality products and increasing demand for yeast developed through hydrolyzed technology.

The growth of this market is estimated to grow owing to key driving factors such as the rising demand for natural ingredients in food & beverages industry and the launch of new products. However, the market is expected experiencing slow growth during the forecast period owing to the availability of yeast extract substitutes.

Kerry Group, Angel Yeast Co., Ltd., BioOrigin, DSM, LALLEMAND, INC., LEIBER GMBH, Titan Biotech, Synergy Flavors, Ohly, Ajinomoto Co. Inc., Lesaffre, Specialty BioTech, Zhuhai TXY Biotech Holding Co., Ltd, Yantai Huahai Biochemical Product Co., Ltd., LEVEX, Zhen-Ao Bio-Tech are among the leading companies operating in the North America Yeast extract market. 

The report segments North America Yeast Extract Market as Follows:

By Technology

• Autolyzed
• Hydrolyzed

By Form

• Powder
• Paste
• Liquid

By Application

• Food & Beverages
• Animal Feed
• Pharmaceuticals
• Others

By Country

• North America

• • US
  • Canada
  • Mexico