Global Yeasts, Yeast Extracts and Autolysates Market is poised to reach $12.54 billion by 2022
Global Yeasts, Yeast Extracts and Autolysates Market is valued at $6.65 billion in 2014 and is poised to reach $12.54 billion by 2022 growing at a CAGR of 8.3% between 2014 and 2022. The yeast market is in boom due to the increasing application of yeast and specialty yeast products in the food & beverage industry. Some of the key drivers of market include increasing demand for bakery products, positive trend in alcoholic consumption. Whereas utilization of food and agricultural waste by-products for Yeast production are the opportunities of the market.
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Yeasts, Yeast Extracts and Autolysates Market is segmented by type, by application, by form and by geography. Depending on the various types, market is segmented into Baker’S Yeast, Brewer’S Yeast, Bio-Ethanol Yeast, Yeast Cell Organelles and Wine Yeast. Based on application, market is classified as Alcoholic Beverages, Bakery, Food Industry, Feed Industry, Non-Alcoholic Beverages and Prepared Food. Based on forms, market is categorized as Dry Yeast, Fresh Yeast and Instant Yeast. Based on geography, market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Yeasts, Yeast Extracts and Autolysates Market include Alltech Inc., Angel Yeast Co. Ltd., Associated British Foods Plc, Chr. Hansen A/S, Lallemand Inc., Leiber Gmbh, Lesaffre Group, Oriental Yeast Co. Ltd., Royal Dsm N.V. and Synergy (High Wycombe) Ltd.
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