The Asia Pacific yeast extract market size will thrive with the expanding presence of food & beverage products. The application of yeast extracts in the bakery sector will be a major strategic push as the consumption of high yeast extracts continues to surge in the food & beverage industry.
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Bullish demand for bakery ingredients is in line with the trend for clean label products and natural ingredients. Over the years, the demand for organic food and ingredients in the food has gained ground, augmenting the trend for organic yeast extracts. Asia Pacific yeast extract market size will surpass USD 590 million by 2026, according to a study.
The food and beverage application will be one of the most lucrative portfolios in China, Japan and India against the backdrop of soaring demand for packaged foods. Not to mention, food manufacturers seek yeast extract that is GMO-free, gluten-free, Kosher and Halal. The market share from food & beverage application segment will exceed USD 360 million by 2026.
Growth will unfold through the fostering market presence of yeast extracts in the pharmaceutical sector for the treatment of burns, wounds and hemorrhoids. Besides, yeast extracts have become viable for treating diarrhea, respiratory infections, premenstrual syndrome, high cholesterol rates and premenstrual syndrome.
Animal feeds will be the key recipient of yeast extracts with increasing pet ownership across the region. Given that yeast extracts trigger the growth of young animal species and infants and protect animals from various diseases, animal feed products are likely to include yeast extracts. The animal feed application segment will expand at a healthy CAGR of 7.4% through 2026, mainly attributed to functional upsides in animal and pet foods.
An unprecedented rise in alcohol consumption has expedited the production of yeast extracts for fermenting raw beverages with glucose. Further, these extracts have set the trend in dietary supplements considering the presence of nutrients, including selenium, iron, magnesium, protein and chromium.
China will potentially remain at the helm amidst the flourishing food and beverage industry. A notable trend for ready-to-eat food products and surging demand for natural ingredients in frozen and canned soups, sauces and meat will bolster the yeast extract market outlook. The China yeast extracts market share will witness an upward growth trajectory in the next few years.
Stakeholders are likely to bank on shifting consumer preference for natural ingredients and increasing demand for baked food products. The trend for bakery ingredients and robust demand from the pharmaceutical sector will underpin the industry size expansion. Besides, increased traction of yeast extracts in the animal feed industry will boost the growth prospects across the region.
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Prominent companies such as Kerry Group PLC, Leiber GmbH, Koninklijke DMS N.V., Biochem Ltd., Kothari Fermentation, BSG CraftBrewing, Lallemand Inc and Angel Yeast are gearing to expand their portfolios. Yeast extract market leaders will emphasize R&D activities, with product launches expected to be the major driving force.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Market assumptions & forecast parameters
1.4 Data Sources
Chapter 2 Executive Summary
2.1 Asia Pacific Yeast Extract Market summary, 2015 - 2026
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Form trends
2.1.2 Source trends
2.1.3 Application trends
2.1.4 Country trends
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