The Bakers’ Yeast Extract Market is to Touch $1.7 Billion by 2030; the market growth is driven by the rising demand for natural and clean-label food ingredients, increased consumer preference for plant-based and organic food products, and the growing

The Bakers’ Yeast Extract Market size is estimated to reach $1.7 billion by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Bakers’ Yeast Extract Market – By Form (Liquid Yeast, Fresh Yeast, Crumbled Yeast, Active Dry Yeast, Instant Dry Yeast, Frozen Semi Dry Yeast, Genetically Modified Yeast, and Others), By Application (Food – {Alcoholic Beverages, (Brewing and Wine Making), Non-Alcoholic Beverages, Nutritional Supplements, Canned and Frozen Foods, Bakery/Snacks & Savory, Others}, Pharmaceuticals, Bio Fuels, Animal Feed and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.

The increasing consumer preference for natural flavor enhancers and the rising demand for clean-label and plant-based food products are the main drivers of market expansion, fueling the growth of the Bakers’ Yeast Extract industry during the forecast period. 

Europe accounted for the largest share of 36% of the Bakers’ Yeast Extract Market in 2023, followed by North America and Latin America. The European market's dominance is driven by a robust automotive industry, strong manufacturing capabilities, and a high demand for advanced Bakers’ Yeast Extract. Additionally, the region's commitment to innovation and sustainability has led to significant investments in electric vehicles (EVs) and related components.

The Bakers’ Yeast Extract market is witnessing a significant rise in demand due to its versatile applications in health and wellness products. This extract is rich in essential nutrients, including proteins, vitamins, and minerals, making it a valuable ingredient for dietary supplements, functional foods, and nutraceuticals. The growing consumer awareness about the benefits of natural and organic ingredients is driving the market, as bakers’ yeast extract is perceived as a healthy and sustainable alternative. Manufacturers are increasingly focusing on product innovation and expanding their product portfolios to cater to the rising demand in the health and wellness sector, presenting substantial growth opportunities in the market.

Bakers’ Yeast Extract is gaining popularity as a natural flavor enhancer in the food and beverage industry. With the increasing consumer preference for clean-label products and the growing trend towards reducing artificial additives, yeast extract offers a natural solution to enhance the taste and umami flavor of various food products. Its application spans across soups, sauces, snacks, ready-to-eat meals, and processed foods. The shift towards healthier eating habits and the demand for high-quality, flavor-rich food products are driving the adoption of bakers’ yeast extract. This trend is encouraging food manufacturers to incorporate yeast extract into their formulations, creating new opportunities for market expansion.

 

Key companies profiled in the Bakers’ Yeast Extract Market are Kerry Group PLC, Synergy Ltd., Associated British Foods PLC, DSM, Angel Yeast Co. Ltd and others.