Asia Pacific Yeast Extract Market will propel to garner USD 920.41 Mn, with a CAGR of 10.7% by 2025
19 June 2018
Yeast extracts refer to the beneficial components of yeast extracted by autolysis. As principal ingredients, they contain amino acids, nucleotides, minerals, and vitamins and are used as food ingredients and microbial culture media.
The Asia Pacific Yeast extract market is segmented into product, application and regional segments. The product segment is segmented into yeast extract powder and yeast extract paste. Meat products, instant noodles, soy sauce, biscuits and others are the applications covered under this study. The benefits of yeast extract such as availability of high nutrition, and variety of applications in industries like food, cosmetics etc., drives the yeast extract market. As a result of increase in demand for clean labeled natural ingredients demand along with increasing need for salt reduction in routine diet is expected to drive the demand for yeast extract market in near future. Yeast extract can act as a potential replacement for chemical food additives such as MSG along with favorable government norms, thereby making it suitable for food & beverage applications.
In terms of volume, Asia Pacific yeast extract market in 2016 stood at 73.79 kilo tons and is expected to reach 129.06 kilo tons by 2022 growing at a CAGR of 9.8% from 2017 to 2022. In terms of revenue, Asia Pacific yeast extract market in 2016 stood at USD 501.23 Mn and is expected to reach USD 920.41 Mn by 2022 growing at a CAGR of 10.7% from 2017 to 2022. In terms of revenue, the Asia Pacific yeast extract market is dominated by the yeast extract powder product which accounted for around 59% share of the total market. Meat products application is the largest application segment of the yeast extract market and it accounted for approximately 33% share of the total market in terms of revenue.
China dominated the Asia Pacific Yeast extract market due to the large number of customers and huge demand in the region. In addition, high production of yeast extract in China helps to grow the market in coming years.
Angel, Lesaffre, ABF Group, DSM Food Specialties, Lallemand, MC Food Specialties, Yeastock, KOHJIN Life Sciences and Savoury Systems International are some leading vendors of this market.
The Asia Pacific Yeast extract market is segmented as follows;
The Asia Pacific Yeast Extract Market: Product analysis
Yeast Extract Powder
Yeast Extract Paste
The Asia Pacific Yeast Extract Market: Application analysis
The Asia Pacific Yeast Extract market: Region analysis