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Yeast Extract Market is poised to cross USD 1.8 billion by 2024; according to a new research report by Global Market Insights, Inc. Yeast extract market is expected to experience a lucrative surge over the years to come, subject to wide product applications across pharmaceuticals, food & beverages, and animal feed sectors. Thriving animal feed additives industry, which is forecast to hit a revenue of USD 22 billion by 2022, will profitably influence the business landscape. Escalating requirement for controlling the salt ratio in the regular diet along with rising preference for natural constituents will boost market trends.Yeast extract market revenue in the food & beverages sector is projected to hit USD 1 billion by 2024. High product usage in savory mixes, dairy items, frozen & processed foods, canned meals, food supplements, bakery items, and soups is forecast to push the revenue. Its ability to improve the taste & flavor and enhance nutritional contents will further drive the product demand. Animal feed applications are forecast to register notable gains of 6% over 2016-2024 and contribute significantly towards yeast extract industry share. High product applications in aqua and pet foods will push the revenue. Yeast extract market size from pharmaceutical applications is set to grow at a CAGR of 4% over 2016-2024, driven by high need of nutritious diet for aging population.
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Yeast extracts are available in paste and powder forms. Paste yeast extract industry is estimated to grow notably over the coming years, due to the product’s ability to improve the immunity and digestion capacity of the livestock. Powder yeast extract market is projected to hit USD 1.5 billion by 2024, owing to its extensive utilization in milk items.
Industry players make use of hydrolyzed and autolyzed yeast technology to extract yeast. Hydrolyzed yeast industry is set to register moderate growth over the next few years, owing to its high popularity across pharmaceuticals and cosmetics sectors. Autolyzed yeast market is expected to be worth USD 1.25 billion by 2024, driven by its wide use in food & beverages and animal feed sectors.
Browse key industry insights spread across 280 pages with market data tables 384 & 25 figures & charts from the report, “Yeast Extract Market" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/yeast-extract-market
Yeast is extracted from the Brewer and Baker’s yeast sources. Brewer’s yeast market is projected to experience a notable growth in the future, owing to its wide usage in the alcoholic beverage fermentation. Brewer’s yeast industry will grow at a CAGR of 4.5% over 2016-2024, due to its high demand across fermented food & bakery items.
Considering the regional trends, Germany yeast extract market size in food & beverages sector will grow at a rate of 4% over 2016-2024, due to the large presence of institutions such as EURASYP encouraging usage of yeast & its extracts. U.S. yeast extract industry will grow at a rate of 4.5% over the next few years, owing to beneficial FDA legislations encouraging the use of yeast extracts for health improvement.
Key industry participants include Titan Biotech Ltd, Biospringer S.A., AB Mauri, and Synergy Flavors.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Website: https://www.gminsights.com/industry-analysis/yeast-extract-market
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