Global Yeast Extract Market is speculated to expand exponentially through 2032 credited to the surging demand for clean & natural branded products among consumers across the globe.
Growing consumer awareness of the possible risks of artificial food additives and food safety problems is a significant factor driving consumer interest toward organic and clean-label products. People are opting for natural and nutritionally dense foods over artificial substitutes given the rising health consciousness. Moreover, technological innovations owing to the hefty investments in R&D projects by the leading industry players are also expected to fuel market growth.
The yeast extract market has been divided in terms of technology, source, application, form, and region.
Based on source, the torula yeast segment is expected to hold USD 120 million market share by 2032. Torula yeast works well as a replacement for monosodium glutamate (MSG) and enhances the flavor and texture of food, making it more appetizing. This yeast has proven helpful in the production of supplements for puppies since it has high quantities of minerals including zinc, amino acids, and vitamin B. Such attributes are set to increase the supply of these products, which will in turn foster the segmental growth.
With respect to application, the pharma segment is anticipated to expand significantly over the review period. Yeast extract is employed during the production of organic pharmaceuticals and antibiotics. Growing health consciousness and an aging population would potentially help the pharmaceutical applications business expand. Given its ability to lower bad cholesterol, including yeast extracts in nutritional tablets and dietary supplements could boost the product demand.
In terms of form, the paste segment would amass lucrative returns through the forthcoming years. Yeast extract is utilized in paste form to prevent animal infections and encourage the development of young and growing animal species. The incorporation of yeast extracts in creams and lotions to increase moisture retention as well as maintain general hydration is anticipated to support their use in the cosmetics industry.
From the regional front, the Middle East & Africa yeast extraction market is estimated to grow at more than 5.5% CAGR from 2023 to 2032. The regional market is likely to be driven by the increasing government initiatives and ongoing obesity-related health problems, which would fuel the demand for nutrient-dense foods.