Dive Brief:
- A new report from MarketsandMarkets estimates the global yeast ingredients market will be worth $2.7 billion by 2020, representing a CAGR of about 8.2% from 2015 to 2020.
- The report covers yeast ingredients market by type (yeast extract, autolyzed yeast, yeast cell wall, yeast-based flavor), application (food, feed and pet food, pharmaceuticals), and source (baker's yeast, brewer's yeast). The report also breaks down information by region.
- Yeast can be used to create natural flavors for food products. Because of the growing trend of reducing MSG, salt, and fat content in food products, the yeast ingredients market is one of the fastest growing segments of the food ingredients market.
Dive Insight:
The growing use of natural ingredients in the processed food industry directly influences the yeast ingredients market. If consumers continue to demand clean labels, the yeast ingredients market is likely to continue to benefit. Yeast is also important in the new frontier of synthetically modified food.