Global Yeast & Yeast Extract Markets to 2023: Growth, Trends and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--The “Global Yeast and Yeast Extract Market - Segmented by Type, by Product Type, by Form, by Application, and by Geography - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global yeast and yeast extracts market is expected to grow at a CAGR of 8.3% during the forecast period.
The shift of global food processing industry towards replacement of synthetic food additives with that of clean-labelled ones and the popularity of sodium reduction concept has been one of the major driving factor for yeast and yeast extract market.
The growth of the global yeast and yeast extracts market is being driven by its strong demands from bakery and brewery sectors. In last few years, yeast extracts have become important components in savory flavors as well as in fermentation media.
The use of industrial yeasts is now increasingly preferred over natural fermentation because the former process is easier to control, and the final products have desirable organoleptic features and shelf-life. However, the raw materials yield has seen significant fluctuations and thus, possess a considerable procurement challenge.
Yeast and yeast extracts market is segmented on the basis of type, product type, form and application. Based on application areas, the global yeast and yeast extracts market can be categorized into food and beverages, feed industry, pharmaceuticals and others. Among which, food and beverages accounts for one of the leading market share; however, the growth in the feed industry is expected to rise in the forecasted period.
Major Market DevelopmentsAB Biotek entered into distribution deals with BSG & Pacific Coast Chemicals to distribute and promote Pinnacle & Maurivin yeast brands in North America. AB Mauri, a global leader in yeast and bakery ingredient products, has launched a new business division - AB Biotek - in North America and globally which specializes in fermentation science and yeast innovation.
Key Topics Covered
2. Yeast and Yeast Extracts Market Insights
3. Yeast and Yeast Extracts Market Dynamics
4. Yeast and Yeast Extracts Market Segmentation
5. Yeast and Yeast Extracts Regional Market Analysis
6. Competitive Landscape
7. Yeast and Yeast Extracts Market Company ProfilesABF Group Angel Yeast Co. BioSpringer Chr. Hansen DSM Kerry Group Kohjin Life Sciences Lallemand Bio-Ingredients Leiber GmbH Lesaffre Group Synergy Flavors Sensient Technologies
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Related Topics:Food Ingredients
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES AGRICULTURE RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 10/10/2018 11:18 AM/DISC: 10/10/2018 11:18 AM