Yeast Extract Market

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Yeast Extract Market is estimated to surpass USD
1.8 Billion by 2024
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Key Insights from Yeast Extract Market

• Yeast extract market is slated to cross a
  valuation of USD 1.8 billion by 2024, subject to
  the fact that the product boasts of a massive
  application spectrum, such as the animal feed,
  food beverages, and pharmaceuticals sectors.
• Yeast extract industry is characterized by novel
  product developments. For instance, Lallemand, a
  renowned yeast bacteria manufacturing and
  processing firm, recently came up with a unique
  yeast extract product called Prim Lyfe 175A,
  which can be used as a viable alternative to meat
  as it imparts a similar taste, texture, and
  flavor, and is also the first yeast extract
  product that contains more than 70 protein
  content.
• Yeast extract industry is also characterized by
  frequent mergers acquisitions. For instance,
  Lesaffre, a major participant of global yeast
  extract market, recently declared that it plans
  to acquire Sensients Strasbourg yeast extract
  food business with an aim to improvise on product
  development, enhance operational productivity,
  and increase the geographical scope of the
  business.

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Continued...

• Yeast extract is available in the form of powders
  and pastes. The paste form is used to enhance the
  growth of young livestock, by improving their
  immune system and digestion ability. Paste based
  yeast extract market is slated to grow
  prominently over the next few years, subject to
  the rising awareness among livestock farmers
  regarding animal nutrition.
• The powder form is feasible to be used for
  processing dairy products such as regular and
  vegan cheese and food products such as dips,
  sauces, and snacks. Rising product usage as a
  food flavoring agent and increasing demand for
  milk products tagged with the natural tag will
  propel paste-based yeast extract industry.
• Technologically, yeast extract can be bifurcated
  into hydrolyzed and autolyzed yeast extracts.
  Autolyzed technology based product is used across
  food beverage and animal feed sectors subject
  to its meaty texture.
• Yeast is extensively used as a seasoning
  dressing ingredient and as a flavor enhancer in
  numerous food products, especially processed
  packaged foods such as sauces, soups, savories,
  and ready-to-eat mixes, subject to which yeast
  extract industry from food beverage
  applications is slated to record a CAGR of 4.5
  over 2016-2024.

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U.S. Yeast Extract Market Share, By Application

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