The Specialty Yeast Market is estimated to grow at CAGR 5% during the forecast period 2021-2026. The usage of specialty yeast is increasing, owing to the growing awareness about its nutritional benefits. Specialty yeasts, such as yeast extracts, are emerging as cost-cutting culinary and functional ingredients. The specialty yeast industry exhibits considerable progress, owing to the growth in the convenience food & beverage industry and emerging non-food applications.
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The increased demand for fermented products in countries such as China and India are expected to drive the market for specialty yeast in Asia Pacific. The food & beverage industry in the Asia Pacific region is growing due to factors such as the growing demand for dairy products such as cheese and yogurt along with the growth in the market for plant-based alternatives and traditional fermented products.
Key market players include Associated British Foods (UK), Angel Yeast (China), Lallemand (Canada), Lesaffre (France), and Chr. Hansen (France).
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