Product ID: SQMIG30E2031
Global Yeast Ingredients Market Size, Share, Growth Analysis, By Form(Dry Yeast, Instant Yeast), By Application(Food and Beverages, Animal Feed), By Type(Baker's Yeast, Brewer's Yeast) - Industry Forecast 2024-2031
Report ID:
SQMIG30E2031 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Global Yeast Ingredients Market Insights
Yeast Ingredients Market size was valued at USD 2.99 billion in 2021 and is poised to grow from USD 3.1 billion in 2022 to USD 5.68 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).
The demand for natural and organic yeast ingredients is increasing due to the rising trend of clean-label and natural ingredients. Consumers are increasingly looking for products that are free from artificial additives, preservatives, and chemicals. As a result, manufacturers are focusing on developing natural and organic yeast ingredients to cater to the growing demand. Lesaffre Group, Angel Yeast Co. Ltd., and Koninklijke DSM N.V. are some of the major players operating in the global market. Lesaffre Group is the leading player in the global market. The report highlights that the company is focusing on expanding its product portfolio and increasing its production capacities to cater to the growing demand for yeast ingredients worldwide. According to the WHO, yeast is generally recognized as safe (GRAS) for consumption and has been used for centuries as a food ingredient, including in the production of fermented foods and beverages. The Centers for Disease Control and Prevention (CDC) is a U.S.-based agency responsible for monitoring and controlling the spread of infectious diseases. The CDC notes that yeast is commonly used in food production and poses no significant health risks to the general population.
The National Institutes of Health (NIH) is a U.S.-based agency responsible for conducting biomedical research and promoting public health. The NIH recognizes the potential health benefits of yeast ingredients, particularly in the form of nutritional yeast. Nutritional yeast is a good source of protein, B vitamins, and minerals, and is often used as a dietary supplement or as a flavoring agent in vegetarian and vegan diets. The European Medicines Agency (EMA) is a regulatory body responsible for evaluating and approving medicines for use in the European Union. The EMA regulates the use of yeast in pharmaceuticals and medical products. Yeast is commonly used in the production of vaccines, such as the COVID-19 vaccine developed by Pfizer-BioNTech, which uses a small piece of messenger RNA wrapped in a lipid nanoparticle to stimulate an immune response. The Food and Drug Administration (FDA) is a U.S.-based regulatory agency responsible for protecting public health by ensuring the safety and efficacy of drugs, medical devices, and food products. The FDA regulates the use of yeast in food products and requires manufacturers to comply with labeling and safety regulations. Yeast is commonly used as a leavening agent in baked goods and as a flavor enhancer in savory foods, such as soups and sauces.
US Yeast Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Yeast Ingredients Market Report Snapshots
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