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. Factors such as urbanization, changing lifestyle, the increase in demand for convenience products, and consumer preference toward natural food ingredient are driving the Asia Pacific market.
The yeast extract segment is projected to dominate the specialty yeast market during the forecast period. High availability and increasing application in the food & beverage industry has led to a surge in the demand for yeast extracts in the market. Europe dominates the market due to increasing demand for specialty yeast from bakery and alcohol industry
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1. Specialty Yeast Market, By Type
1.1. Yeast Extracts
1.2. Yeast Autolysate
1.3. Yeast Beta-Glucan
1.4. Other Yeast Derivatives
2. Specialty Yeast Market, By Species
2.1. Saccharomyces Cerevisiae
2.2. Pichia Pastoris
2.3. Kluyveromyces
3. Specialty Yeast Market, By Application
3.1. Food
3.1.1. Bakery
3.1.2. Savory
3.1.3. Functional Food
3.2. Beverage
3.3. Feed
4. Specialty Yeast Market, By Region
4.1. North America
4.2. Europe
4.3. Asia-Pacific
4.4. Rest of the World
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