Food Preservatives Market: Business Opportunities and Global Industry Analysis

 The food preservatives market refers to the industry that produces and supplies various chemicals and natural substances used to extend the shelf life and maintain the quality of food products. Preservatives play a crucial role in preventing spoilage, microbial growth, and oxidation of food, thereby ensuring their safety and longevity.

The food preservatives market has experienced significant growth over the years, driven by the increasing demand for convenience foods, the need for food safety, and the growing awareness of health and wellness. Preservatives are widely used in processed and packaged foods, beverages, bakery products, dairy products, meat and poultry, and various other food items.

In 2023, the food preservatives market is expected to be worth USD 3.4 billion. It is predicted to grow at a 3.0% CAGR to USD 3.9 billion by 2028.

Key Factors Driving the Market:

• Increasing Demand for Convenience Foods: Rapid urbanization, busy lifestyles, and changing dietary patterns have led to a rise in the consumption of convenience foods. Preservatives help extend the shelf life of these products and maintain their freshness, taste, and texture.
• Food Safety and Shelf Life Extension: With the growing concern for foodborne illnesses and the need to reduce food wastage, food manufacturers are increasingly relying on preservatives to ensure the safety and longevity of their products. Preservatives inhibit the growth of bacteria, molds, and yeasts, preventing spoilage and maintaining quality.
• Technological Advancements: The development of innovative preservation techniques and the introduction of new preservatives have expanded the market. Advanced technologies such as high-pressure processing, irradiation, and encapsulation have enabled manufacturers to enhance food preservation without compromising nutritional value.
• Rising Consumer Awareness: Consumers are becoming more conscious of the ingredients in their food and are demanding products with clean labels. Natural and organic preservatives are gaining popularity as alternatives to synthetic additives, driving the market for natural preservatives.
• Regulatory Environment: Stringent food safety regulations and labeling requirements imposed by regulatory bodies have influenced the choice and usage of preservatives in food products. Manufacturers are focusing on compliance with regulations and adopting preservatives that meet the necessary standards.

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Several key trends are shaping the food preservatives market:

• Growing Demand for Natural Preservatives: Consumers are increasingly seeking natural and clean label products, driving the demand for natural preservatives derived from plant extracts, essential oils, and other natural sources. Natural preservatives are perceived as safer alternatives to synthetic additives and are often associated with health benefits.
• Clean Label Movement: The clean label movement emphasizes transparency and the use of simple, recognizable ingredients. As a result, food manufacturers are moving away from synthetic preservatives and opting for clean label preservatives, which are perceived as more natural and less chemically processed.
• Rising Popularity of Antimicrobial Packaging: Antimicrobial packaging is gaining traction as an innovative solution to enhance food safety and extend shelf life. These packaging materials are embedded with active substances that inhibit the growth of microorganisms, reducing the need for external preservatives.
• Shift towards Natural Antioxidants: Antioxidants play a vital role in preventing oxidation and rancidity in food products. There is a growing preference for natural antioxidants like rosemary extract, green tea extract, and tocopherols over synthetic alternatives like butylated hydroxyanisole (BHA) and butylated hydroxytoluene (BHT).
• Microbial Preservatives: Probiotics and other microbial-based preservatives are gaining attention as an alternative approach to food preservation. These natural microorganisms can inhibit the growth of harmful bacteria, extend shelf life, and provide potential health benefits to consumers.
• Increased Focus on Plant-Derived Antimicrobials: Plant-derived antimicrobials, such as extracts from oregano, cinnamon, and cloves, are being explored for their antimicrobial properties. These natural compounds have the potential to replace or reduce the usage of synthetic preservatives while maintaining the safety and quality of food products.

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The key players in this market include Cargill, Incorporated (US), Kerry Group plc (Ireland), ADM (US), DSM (Netherlands), and, Kemin Industries Inc. (US).

Savory Ingredients Market Will Hit Big Revenues In Future

 The report "Savory Ingredients Market by Type ((Monosodium Glutamate, Yeast Extracts, HVPs, HAPs, Nucleotides, and Other Types), Form (Powder, Liquid, and Others), Origin (Natural and Synthetic), Application (Food and Feed), and Region - Global Forecast to 2025" According to MarketsandMarkets, the savory ingredients market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 9.3 billion by 2025, recording a CAGR of 5.2%.

The Asia Pacific region is projected to witness the fastest growth during the forecast period

The Asia Pacific savory ingredients market is projected to have the fastest growth potential in the coming years. The large consumer market and increasing disposable incomes in India and China drive the demand for convenience & packed food products with enhanced savory flavors. Also, China and Japan are manufacturing hub for savory ingredients and have sufficient manufacturing plants to meet the demand for processed food products with blends of savory flavors. Rapid urbanization in countries such as India and China are expected to lead to the high growth of the savory ingredients market in Southeast Asia during the forecast period.

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This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as Ajinomoto Co., Inc. (Japan), Koninklijke DSM N.V. (Netherlands), Kerry Group PLC (Ireland), Tate & Lyle PLC (UK), AngelYeast Co., Ltd. (China), Givaudan (Switzerland), Lesaffre Group (France), ADM (US), Cargill (US), Sensient Technologies Corporation (US), ABF Ingredients (OHLY) (Germany), Vinayak Ingredients India Pvt Ltd. (India), Vedan International (Holdings) Limited (Hong Kong), Symrise (Germany), and Synergy Flavors (US).

The yeast extracts segment is projected to witness significant growth during the forecast period

Based on type, the savory ingredients market is segmented into monosodium glutamate (MSG), yeast extracts, hydrolyzed vegetable proteins (HVPs), hydrolyzed animal proteins (HAPs), nucleotides, and other types. The yeast extracts segment is projected to witness significant growth during the forecast period. Yeast extracts are majorly used in the production of bakery & confectionery products in the food industry. Being natural savory ingredients and a rich source of proteins, vitamins, and minerals, yeast extracts make a perfect ingredient for bakery food products. The segment also accounted for a significant share in the savory ingredients market.

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The synthetic segment is expected to hold a major share of the savory ingredients market during the forecast period

Based on origin, the savory ingredients market is segmented into synthetic and natural. The synthetic segment is estimated to account for a larger share in the savory ingredients market because of its low cost and high usage in the food industry. The most commonly used synthetic savory ingredient, monosodium glutamate (MSG), finds wide applications in savory foods, soups, sauces, and other processed food products. Also, the extraction process of synthetic savory ingredients is easier and cheap as compared to natural savory ingredients. Thus, the demand for synthetic savory ingredients is high in the savory ingredients market.

Seaweed Protein Market Will Hit Big Revenues In Future

 Seaweed protein refers to the protein content derived from various types of edible seaweeds, which are marine plants that grow in the ocean. Seaweeds are known for their nutritional value, and they have been consumed as a food source in many cultures around the world for centuries. They are particularly popular in Asian cuisines, where they are used in dishes such as sushi, seaweed salads, and various soups.

The seaweed protein market sector is on track to reach US$ 1131 million in 2027, with a projected 14.1% yearly growth rate. This expanding industry was valued at US$ 585 million in 2022, this market is expected to make waves in the near future.

The green seaweed segment by type is projected to achieve the highest CAGR growth in the Seaweed protein market.

Over the past couple of years, the green seaweed segment has witnessed significant growth in terms of value sales. Green seaweeds, scientifically known as chlorophyte, gain their green color from beta-carotene, chlorophyll, and various other xanthophylls. Green seaweeds exist in the multicellular as well as unicellular form and are mainly found in freshwaters. Green seaweeds can also be grown in marine habitats and can be terrestrially grown on soil, trees, or rocks Green algae, serve as an important food source for humans. It has long been a component of Japanese cuisine. There are about 30 different types of edible seaweed, all of which are naturally high in minerals like calcium, copper, iodine, iron, magnesium, manganese, molybdenum, phosphorus, potassium, selenium, vanadium, and zinc. Sea lettuce, sea palm, and sea grapes are examples of edible green algae. The pigment beta carotene, found in green algae, is used as a food coloring. Carotene has also been proven to be effective in the prevention of some cancers, such as lung cancer. The protein content for green seaweeds is moderate i.e., 9- 26% of dry weight. Some green seaweeds, which contain a high protein level are also processed for the manufacturing of foods.

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The food segment by mode of application is estimated to account for the largest market share of the Seaweed protein market over the forecast period.

Because of the safety issues connected with synthetic components, demand for seaweed protein-based products is projected to grow significantly in the coming years. Natural food additives have a good impact on consumers health, which has increased demand for protein in food products. Most human applications, such as food, vitamins, and cosmetics, choose seaweed protein-based products since they have no negative consequences. The desire for natural antioxidants, anti-inflammatory agents, plant proteins, and other secondary metabolites is likely to drive up demand for seaweed protein-based products. Other Applications like Semi-sweet biscuits, cereal bars, and breadsticks have all used seaweeds. The nutritional profile of wheat and pasta was also improved by seaweeds.

Europe is projected to achieve the Highest CAGR growth in the Seaweed protein market.

The use of seaweed protein-based products in the pharmaceutical and nutraceutical industries has just increased as people become more aware of the nutritional value and benefits of eating seaweed. The European Commission, CINEA, and a consortium of EurA AG, EABA Systemiq, Technopolis, and s.Pro have developed EU4Algae, which is projected to stimulate demand for seaweed protein in Europe due to the growing health and environmental effect of eating meat products. The European Commission has identified seaweed protein as a major source of alternative protein for a sustainable food system and global food security. This three-year initiative will help Europe establish a regenerative, resilient, equitable, and climate-friendly algae business while also introducing new algae species to the market.

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Key Market Players

The key players in this market include CP Kelco U.S., Inc. (US), Algaia (France), Algea (Norway), Qingdao Gather Great Ocean Algae Industry Group Co, Ltd (China), Qingdao Brightmoon Seaweed Co Group Co. Ltd (China), Cargill Incorporated (US) Gelymar SA (Chile), Ceamsa (Spain), BASF (Germany), Irish Seaweed (Ireland), Dupont Nutrition and Biosciences (US), Compo Expert Group (Germany), Beijing Leili Agricultural Co, Ltd (China), Groupe Roullier (France), Acadian Seaplants (Canada). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

Starter Cultures Market Will Hit Big Revenues In Future

 Starter cultures are microorganisms, typically bacteria, yeast, or molds, that are used in various food and beverage production processes. They play a crucial role in initiating and controlling fermentation, which is essential for creating desirable flavors, textures, and shelf-stability in products like dairy, meat, bread, beer, wine, and more.

The global starter cultures market is estimated to be valued at USD 1.1 billion in 2022. It is projected to reach USD 1.5 billion by 2027, recording a CAGR of 5.5% during the forecast period. The global starter cultures market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. Growing demand for fermented dairy products, such as yogurt and cheese. Several innovations in the yogurt sector have been fueling the demand for starter cultures, and manufacturers have been exploring the multifunctional properties of these products.

Asia Pacific countries to record the fastest growth during the forecast period

The increasing preference among consumers for healthy food, the growing demand for fermented dairy & dairy-based products, and high demand for meat & seafood are some of the major factors for the increased production of these items in the region. According to the Food and Agriculture Organization (FAO), the middle-class population inhabiting the region has shifted its diet preferences from staple cereals to meat, dairy products, fruits, and vegetables. Despite the dairy industry being unorganized, the region still has a huge scope for growth. India and China claim to have a higher milk consumption and will continue to build a larger market, owing to the increasing demand for milk and other dairy products. With the increasing production, there is an increasing demand for starter cultures. China, India, and Australia & New Zealand are some of the leading markets in the Asia Pacific region.

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The major players for global starter cultures market includes Chr. Hansen Holding A/S (Denmark), DuPont (US), IFF(US) and LB Bulgaricum (Bulgaria).

Thermophilic bacteria are the most preferred starter culture

Bacteria-based starter cultures are classified into two types, namely, thermophilic and mesophilic bacteria. Thermophilic bacteria are characterized by their ability to grow at temperatures above 40 °C, while mesophilic bacteria grow in medium-range temperatures. The major reason for the preference of thermophilic bacteria is due to their ability to ferment galactose as well as glucose, which is desirable in some cheese, especially mozzarella and cheddar. Cheese and butter are the major application areas of thermophilic starter cultures, whereas mesophilic starter cultures are preferred during the production of yogurt. Generally, any dairy-based product that does not require high temperatures to dry the curd will utilize mesophilic cultures. Some of the major manufacturers of bacteria-based starter cultures include the likes of Chr. Hansen A/S (Denmark), DuPont (US), and DSM (Netherlands). In the case of Chr. Hansen, a majority of its starter culture products use thermophilic cultures.

Multi-strain mix helps incorporate adjunct functions to the final product, thereby experiencing massive demand

A multi-strain mix is used in the production of cheese and yogurt as a probiotic or prebiotic. It offers benefits, such as flavor homogeneity, easier identification of afflicted strains, and increased acid production rate when strains are cultivated together. As the demand for cheese is increasing, many products with similar compositions, such as flavored cheese and yogurt, are coming into the market, which is expected to increase the demand for multi-strain mix starter cultures. Most leading manufacturers such as Chr. Hansen Holding A/S (Denmark), DuPont (US), and LB Bulgaricum (Bulgaria) have a large part of their product portfolio consisting of multi-strains. In the case of Chr. Hansen, the multi-strain mix consists of bacteria such as Streptococcus thermophilus, Lactobacillus bulgaricus, and Lactobacillus rhamnosus.

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Natural Food Colors & Flavors Market Trends and Forecast

 According to MarketsandMarkets™, the “Natural Food Colors & Flavors Market by Color Type (caramel, carotenoids, anthocyanins, curcumin, annatto, and copper chlorophyllin), Flavor Type (natural extracts, aroma chemicals, & essential oils), Application & Region – Global Forecast to 2025″, published by MarketsandMarkets™, the market size is estimated to be valued at USD 5.0 billion in 2020. It is projected to reach USD 6.8 billion by 2025, recording a CAGR of 5.4%, in terms of value. There is an increase in the demand for processed food and clean label, which is driving the market.

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The food application segment is projected to witness significant growth during the forecast period.

Based on application, the natural food colors & flavors market is dominated by the food segment. The consumer trends such as easy-to-use, health & wellness, and clean label trends influence the overall market. The easy-to-use trend is due to the rapid urbanization in emerging markets. Consumers demand healthier ingredients in their food products. The growing side effects of synthetic colors and flavors compel the consumers in emerging and developed economies to focus on an improved consumption.

The European region dominates the natural food colors & flavors market with the largest share in 2019, whereas South America is expected to witness the highest growth rate.

In Europe, Germany dominated the natural food colors & flavors market due to the high production and demand of clean label food & beverages. The worldwide natural food ingredients market is primarily driven by the rising demand for safe and plant-based products. The natural food colors & flavors industry functions with legislators and regulators to deliver qualitative products to its end users. In the major markets.

The increase in the developed economy and per capita income has enabled the consumers to invest in more health and health related services, in the South American region. This is one of the major drivers for natural food colors & flavors in the region. Apart from that, the millennial consumers are more health conscious and open to experiment with various ingredients, this is also thriving the market in the region.

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Key players:

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DuPont (US), Archer Daniels Midland (ADM) (US), Givaudan (Switzerland), Kerry Group, Plc (Ireland), International Flavors & Fragrances (IFF) (Israel), Mane (France), Sensient (US), T. Hasegawa (Japan), Firmenich (Switzerland), Robertet (France), Symrise (Germany), Synergy Flavors (US), Amar Bio-Organics India Pvt. Ltd. (India), Taiyo International (Japan), The Foodie Flavors Ltd (UK), Besmoke Ltd (UK), Aromata Group (Italy), Gulf Flavors and Food Ingredients FZCO (UAE), Seluz Fragrances & Flavors Company (Turkey), and Takasago (Japan).

Microencapsulation Market : Competitive Landscape, Regional Outlook, and Driving Factors

 The report "Microencapsulation Market by Technology (Spray, Emulsion, Dripping), Core Material (Pharma & Healthcare Drugs, PCM, Food Additives, Fragrances), Application (Pharma, Household, Agrochemicals, Textiles), Shell Material, and Region - Global Forecast To 2025", The global microencapsulation market was valued at USD 8.5 billion in 2020 and is projected to reach USD 15.5 billion by 2025 at a CAGR of 12.9% from 2020 to 2025. The market is driven by factors such as the increasing demand for fortified food products with health benefits, the increasing demand for agrochemicals due to its controlled release property, growth in construction and construction materials, as well as the widespread application in household & personal care.

North America is estimated to dominate the microencapsulation market in 2020

North America accounted for the largest market share of the microencapsulation market in 2019. The market for microencapsulation in the North American region is driven by the growing demand and awareness for value-added products in various areas such as nutrition, food, healthcare, and personal care. Due to this awareness and increased demand, companies are focusing on manufacturing functional products, with novel technologies such as microencapsulation.

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This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as BASF (Germany), Royal FrieslandCampina (Netherlands), Syngenta Crop Protection (Switzerland), Koninklijke DSM (Netherlands), Givaudan (Switzerland), Firmenich (Switzerland), Symrise (Germany), International Flavors & Fragrances (US), Sensient Technologies (US), Lycored Corp. (UK), Balchem Corporation (US), Encapsys (US), Arcade Beauty (US), and Koehler Innovative Solutions (Germany), Ingredion Incorporation (US), Kerry (Ireland), Cargill (US), Firmenich Incorporation (Switzerland), Dupont (US), Aveka Group (US), Advanced Bionutrition Corp (US), Tastetech Encapsulation Solutions (UK), Sphera Encapsulation (Italy), Clextral (France), Vitasquare (Netherlands), and Microtek (US).

The pharmaceuticals and healthcare drugs segment, by application, is estimated to account for the largest share in 2020

Based on application, the microencapsulation market is segmented into pharmaceutical & healthcare products, household & personal care products, food & beverages, agrochemicals, textiles, construction materials, and others. The pharmaceuticals and healthcare drugs segment is estimated to account for the largest market share in 2020. The rising demand for pharmaceutical drugs is expected to drive the demand for the market.

The emulsion technologies segment, by technology, is estimated to witness the fastest growth in the microencapsulation market in 2020

By technology, the microencapsulation market is segmented into spray technologies, emulsion technologies, dripping technologies, and others. The emulsion technologies segment is projected to record the highest CAGR. The demand for emulsion microencapsulation is increasing due to the simplicity of the process, process safety, and its cost efficiency.

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Top Driving Factors of Insect Repellent Active Ingredients Market

 Insect repellents are substances designed to deter insects from landing on the treated surface or contacting the skin. They are commonly used to prevent insect bites and the transmission of insect-borne diseases. There are several active ingredients found in insect repellent products, each with varying degrees of effectiveness and duration.

The insect repellent active ingredients market is estimated at USD 1.0 billion in 2023; it is projected to grow at a CAGR of 7.6% to reach USD 1.5 billion by 2028.

Some of the most common active ingredients in insect repellents include:

DEET (N,N-Diethyl-meta-toluamide): DEET is one of the most widely used and effective insect repellents. It can provide long-lasting protection against a variety of insects, including mosquitoes, ticks, and biting flies. DEET's effectiveness increases with higher concentrations, but concentrations above 50% don't necessarily provide significantly longer protection. DEET can be used on skin and clothing.

Picaridin (also known as Icaridin): Picaridin is another effective insect repellent that provides protection against mosquitoes, ticks, and other biting insects. It is less likely to damage synthetic materials, such as plastics and fabrics, compared to DEET. Picaridin is generally odorless, feels less greasy than DEET, and is considered a good alternative for people who prefer non-DEET options.

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Oil of Lemon Eucalyptus (OLE): Derived from the lemon eucalyptus plant, OLE is a natural insect repellent. The active ingredient in OLE is called PMD (para-menthane-3,8-diol), which has been shown to effectively repel mosquitoes. However, it's important to note that OLE is not recommended for children under three years old.

IR3535: This is an organic compound that works as an insect repellent against a variety of pests, including mosquitoes, ticks, and flies. It has a low odor and is considered safe for use on the skin.

Natural Extracts and Essential Oils: Some natural extracts and essential oils, such as citronella, lavender, cedarwood, and eucalyptus, are believed to have insect-repelling properties. While these can provide some level of protection, they tend to be less effective and have shorter durations compared to synthetic repellents like DEET and picaridin.

Asia Pacific is expected to account for the largest market share in 2023.

The insect repellent active ingredients market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. The Asia Pacific region is known for having a high prevalence of insect-borne diseases such as malaria, dengue fever, chikungunya, Japanese encephalitis, and Zika virus. According to article by National Library of Medicine 2022, India reported a ZIKV outbreak in Kerala in July 2021, the first activity in the region of South-East Asia since the outbreak in Rajasthan, India, in 2018. At least 70 ZIKV disease cases were found after extensive testing and confirmed by PCR by August 2021. These diseases pose significant health risks to the population, leading to a greater demand for insect repellent products and active ingredients to protect against insect bites. Major players operating in the insect repellent active ingredients market includes Spectrum Brands Inc. (US), Reckitt Beneckiser Group Plc (UK), Henkel AG & Co KGaA (Germany), MERCK KGaA (Germany), S.C. Johnson & Son Inc. (US), Dabur (India), Godrej (India), Sawyer (US), BUGG Products, LLC (US), Coghlan’s (Canada), Vertellus (US), Sumitomo Chemical Co., Ltd (Japan), Clariant (Switzerland), Citrefine (UK), NK Chemiosys Pvt. Ltd. (India), and Shorgun Organics (India).

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DEET segment, by type, is expected to account for the largest share in 2023.

DEET has been proven to be highly effective in repelling a wide range of biting insects, including mosquitoes, ticks, flies, and fleas. It is known to provide long-lasting protection, making it a preferred choice for individuals seeking reliable insect repellent solutions. DEET can be used in various formulations, such as sprays, lotions, creams, and wipes, making it suitable for different user preferences and needs. It can be applied directly to the skin or on clothing, making it versatile for both personal and outdoor use.

Dairy Alternatives Market: Key Factors behind Market’s Rapid Growth

 Dairy alternatives are products that are designed to mimic the taste and texture of dairy products like milk, cheese, yogurt, and butter, while being suitable for individuals who are lactose intolerant, have a dairy allergy, or follow a vegan or plant-based diet. These alternatives are often made from various plant-based sources and can offer similar nutritional benefits without containing any animal-derived ingredients. Here are some common dairy alternatives:

Plant-Based Milk:

• Almond Milk: Made from almonds and water, it has a slightly nutty flavor.
• Soy Milk: Made from soybeans, it has a creamy texture and is high in protein.
• Oat Milk: Made from oats, it has a naturally sweet flavor and creamy consistency.
• Coconut Milk: Made from coconuts, it has a rich and tropical taste.
• Rice Milk: Made from rice, it has a mild and slightly sweet flavor.

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Plant-Based Cheese:

• Nut-Based Cheese: Made from nuts like cashews or almonds, it can have a tangy and savory taste.
• Soy-Based Cheese: Made from soybeans, it can be melted and used in various dishes.
• Coconut-Based Cheese: Made from coconut milk, it's often used in vegan and dairy-free recipes.

Plant-Based Yogurt:

• Almond Yogurt: Made from almond milk, it has a similar tangy taste to dairy yogurt.
• Coconut Yogurt: Made from coconut milk, it's creamy and often used in dairy-free parfaits.

With a 10.4% CAGR from 2022 to 2027, the dairy alternatives market is predicted to expand significantly in the years to come, increasing from $27.3 billion in 2022 to $44.8 billion in 2027.

Asia Pacific’s growth is attributed to the increasing demand for natural products that offer health benefits. The demand for dairy alternatives is increasing in the region due to the changing lifestyles of consumers and preference for dairy-free food & beverage products. Presence of major economies such as China and India is contributing to the growth of the market in the region. Chinese companies mostly export soy protein ingredients to Europe and Southeast Asia. The increasing purchasing power of consumers due to economic development in China has led to rising demand for high-quality dairy substitutes.

Key players in dairy alternatives market include Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US), SunOpta (Canada), Sanitarium (New Zealand), Freedom Foods Group Limited (Australia), Eden Foods, Inc. (US), Nutriops, S.L. (Spain), Earth’s Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), Panos Brands (US), Green Spot Co., Ltd. (Thailand), and Hiland Dairy (US).

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Yeast Market : Business Opportunities and Global Industry Analysis

 The report "Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotics Yeast), Form (Active, Instant, Fresh), Genus (Saccharomyces, Kluyveromyces), Application (Food, Feed), and Region - Global Forecast to 2025" The global yeast market size is projected to reach USD 6.1 billion by 2025. According to MarketsandMarkets, the global yeast market size is estimated to be valued at USD 3.9 billion in 2020 and is projected to reach USD 6.1 billion by 2025, recording a CAGR of 9.6%.

The Asia Pacific region is projected to witness the fastest growth during the forecast period

The Asia Pacific yeast market is projected to witness the fastest growth in the coming years. The large consumer base and increasing disposable incomes in India and China are factors that are projected to drive the demand for convenience & bakery food products with enhanced flavors. In addition, China and Japan are manufacturing hubs for yeast with increased concentration of manufacturers in these countries that focus on catering to the demand for yeast-based food & feed products. The rapid urbanization in countries, such as India and China, is a key factor that is projected to drive the growth of the yeast market in Southeast Asia during the forecast period.

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The fresh segment is projected to witness significant growth during the forecast period

Based on form, the yeast market is segmented into active, instant, and fresh. The fresh segment is projected to witness significant growth during the forecast period. Fresh yeast is majorly used in the production of bakery & confectionery products in the food industry. As it is a naturally- extracted food additive and a rich source of proteins, vitamins, and minerals, fresh yeast makes a perfect ingredient for bakery food products. The segment also accounted for a significant share in the global yeast market in 2019.

This report includes a study of the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies, such as include Angel Yeast Co. Ltd. (China), Associated British Foods PLC (UK), DSM N.V. (Netherlands), Kerry Group PLC (Ireland), Alltech (US), Lesaffre Group (France), Synergy Flavors (US), Sensient Technologies Corporation (US), Chr. Hansen Holdings A/S (Denmark), Lallemand Inc. (Canada), Leiber GmbH (Germany), Oriental Yeast Co., Ltd. (Japan), Halcyon Proteins (Australia), Food Chem International (China), ICC Brazil (Brazil), Biorigin (Brazil), Pacific Fermentation Industries (Canada) and Novozymes (Denmark).

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The food segment is projected to hold a major share in the yeast market during the forecast period

Based on applications, the yeast market is segmented into food, feed, and other applications. The food segment is estimated to account for a larger share in the yeast market due to the growing usage of yeast in the bakery industry to produce fresh and high-quality products. Yeast is increasingly used in the food industry as a baking ingredient, flavorings, and seasoning agents. Since the demand for processed & baked food and non-carbonated beverages is increasing due to the changing lifestyle of consumers, the growth of the yeast market is projected to remain high.