The global yeast & specialty yeast market is driven by multiple factors such as increasing commercialization of the baking and brewing industries, rising disposable incomes in emerging markets, increase in the demand for alcoholic beverages, and the rise in global food consumption. The market leaders are developing new varieties of yeast which is increasing its usage in different industries. With further research and development, the commercial applications of yeast are likely to rise further. Yeast extract, which is a subsegment of specialty yeast products, has become an important ingredient as a flavoring agent in food products such as soups, bullions, and savory snacks.
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The yeast & specialty yeast industry has many players (small, medium, and large); however, the industry is dominated by a few leading players such as Associated British Foods plc (U.K.), AngelYeast Co., Ltd (China), Lesaffre Group (France), Chr. Hansen Holding A/S (Denmark), and Koninklijke DSM N.V. (The Netherlands). Other players in this segment include Lallemand Inc. (Canada), Alltech (U.S.), Leiber GmbH (Germany), Oriental Yeast Co., Ltd. (Japan), and Synergy Flavors (U.K.).
Key strategies such as acquisitons, expansions, investments, agreements, and joint ventures have been adopted by the key players to meet the increasing demand of yeast & specialty yeast, increasing incorporation into various food applications, and the rising consumer preference for value-added food products. The leading players are investing in R&D capabilities to offer diversified product portfolios and carrying out acquisitions to strengthen their market position.
Associated British Foods PLC
Associated British Foods plc is engaged in the processing and manufacturing of food, ingredients, and retailing. The company operates through five business segments: sugar, agriculture, retail, grocery, and ingredients. The ingredients segment manufactures bakers’ yeast, bakery ingredients, and yeast extracts, among others. The organization operates through its subsidiaries such as AB Agri (U.K.), AB Mauri (U.K.), ABF Ingredients (U.K.), ABITEC Corporation, and Ohly (Germany). Of its subsidiaries, AB Mauri, ABF Ingredients, Ohly, and AB Vista produce yeast and yeast extracts. The company has adopted strategies such as acquisition and agreement to expand its presence in global yeast market. For instance, the company through its subsdiary AB Mauri acquired Gb Plange (Germany) from BI Bakery Ingredients Holding GmbH (Germany), a wholly-owned subsidiary of Wilh. Werhahn KG. This acquisition enabled AB Mauri to tap the European bakery market.
Lesaffre Group
Lesaffre is engaged in the production, fermentation, and transformation of bread yeast and yeast extracts. The company also offers a wide range of healthy and natural products, derived from yeast, for human and animal health and nutrition. The company has adopted strategies such as new product launch and acquisition to capture the untapped markets worldwide. Lesaffre acquired the Italian company, Gnosis, which would enable it to provide expertise in microbial fermentation and in recovering and purifying molecules derived from yeasts and bacteria.
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