Yeast extract is a type of food flavoring agent that is used to make beer and bread. The yeast extract is added to foods such as cheese, soy sauce to give a savory flavor. It is mainly used in the food & beverage sector for fermentation. Yeast extract is categorized under natural ingredients with a taste of its own, used as flavoring agents replacing synthetic additives. It comprises carbohydrates, water-soluble vitamins, peptides, and amino acids. Fundamental product properties include taste enhancement ability, creates savory flavor, and the ability to replace salt partially. These extracts are incorporated in dietary supplements and nutritional food to balance amino acid content and flavor enhancement. Brewer’s yeast is prominently used in pharmaceutical applications due to its high nucleotide, B complex vitamins, and protein content.
Yeast extract is one of the key aromatic natural ingredients used for the designing of flavorful dishes and drinks by various food & beverages companies and restaurants. The extract also helps in enhancing the taste and texture of food items such as sauces, soups, seasonings, ready meals, snacks, and meat products. Furthermore, the yeast extract is considered as a safe and clean label ingredient by majority of the federal regulatory bodies. Therefore, its adoption is rising in end users such as pharmaceutical companies, restaurants, home bakers, brewing companies, and cosmetic product manufacturers. Thus, the advantages offered by natural yeast extracts combined with the increasing demand for natural ingredients in food products drive the growth of the global yeast extract market. Established and emerging players operating in the yeast extract market are commercializing novel yeast extract products for end users from the food & beverages and cosmetics industries, and bakeries.
RISING DEMAND FOR NATURAL INGREDIENTS IN FOOD & BEVERAGES INDUSTRY DRIVES THE YEAST EXTRACT MARKET GLOBALLY
For instance, in June 2016, Biospringer introduced Springer Organic Baker’s Yeast Extract. The extract can be used to boost and enhance savory notes of snacks, soups, sauces, dressings, and gravies, among others. The market players are also expanding their existing portfolios with the launch of additional yeast extract products for new applications. For instance, in November 2019, DSM introduced Fresh XL and BakeZyme Master to expand its BakeZyme portfolio with the introduction of new solutions. These solutions are developed to overcome the challenges related to retaining the freshness of foodstuff; they can be added as ingredients in the production of high-quality baked goods such as tortilla wraps and sandwiches that have long-lasting and improved sensory properties.
An increasing number of people are adopting the vegan lifestyle and making healthier choices without being cruel to animals. For instance, according to a research study published in Single Platform 2020, there has been an increase of 600% in the vegan population in the US from 2010 to 2020. In 2017, 6% of the total US population was reported to be vegan. Furthermore, in 2019, the Vegan Society registered 14,262 products that has a vegan trademark and is present in ~108 countries across the world, with more than 50% of the product registrations received from companies based in countries other than the UK. Thus, the rapid adoption of veganism is leading to increasing use of nutritional yeast extract is as yeast is considered to be a vegan product/ingredient.
Europe occupies a significant position in the global yeast extract market and is expected to register robust growth rate during the forecast period. The growth factors such as growing demand for alcoholic beverages, nutritional products, and bakery are expected to drive the growth of market during the forecast years. Growing number of market introductions are also anticipated to offer a lucrative opportunity for the market growth. For instance, in July 2019, Nexira announced launch of Immunell, a nutritional supplement to boost the immunity. According to the company, the new product comprises natural yeast extract and prebiotic acacia fiber.
