Yeast Ingredients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-Glucan, Yeast Derivatives), By Application (Food & Beverage, Pharmaceuticals, Feed & Pet Food, Others) and Region

Yeast Ingredients Market size was valued at US$ 4,941.2 million in 2023 and projected to reach US$ 8,398.6 million by 2030 and poised to grow at 7.6% CAGR from 2024-2030. Yeast ingredients are increasingly used in processed foods and beverages due to their numerous beneficial applications. For example, in pet food applications, yeast components produce in-situ tastes and Savory odours while also enhancing taste, resulting in greater palatability. Furthermore, the yeast components market in developing nations is changing due to the rapidly increased demand for animal products. Yeast extracts are widely utilized worldwide in a variety of applications, including food flavouring agents and additives, animal feed additives, microbial fermentation, and cosmetic supplements.

With rising worldwide living standards, people are increasingly seeking healthy, nutritious, and safe food options. Players are capitalizing on customer wants by providing yeast ingredients, which are regarded natural, high-quality items that meet a variety of culinary flavour requirements while also providing key dietary nutrients. These factors are expected to drive the use of yeast ingredients in a variety of applications around the world, including food and drinks, pharmaceuticals, food and pet meals, and others.

Yeast Ingredients Market Key Developments:

• In February 2023, Lallemand, Inc. expanded the use of Lalmin Vitamin D Yeast throughout the European Union. After obtaining permission in May 2020 to use Lalmin Vitamin D Yeast in baked goods and food supplements, the company received authority to use Lalmin Vitamin D Yeast in 22 new categories. In accordance with EU Regulation (EU) 2022/196, these categories include a wide range of foodstuffs, including dairy products and processed fruits and vegetables.
• In November 2022, Angel Yeast launched yeast proteins for plant-based milk and new yeast extract flavour products. They also created a new brand design for its yeast extract product line, which has been customized to client needs and includes Angeoboost, AngeoPrime, AngeoPro, Angeotide, Angearom, and Angeocell.
• In July 2022, Novozymes introduced Innova Apex and Innova Turbo as upgrades to the Innova platform. These technologies are intended to optimize fermentation timeframes, allowing ethanol manufacturers to maximize their fermentation process while meeting production targets and financial objectives.