Market Introduction
Yeast extract is a type of food flavoring agent that is used to make beer and bread. The yeast extract is added to foods such as cheese, soy sauce to give a savory flavor. The yeast extracts are comprised of cell contents of the yeast without the cell walls. The extract of yeast is also found in canned soups, frozen dinners, salty-snacks, and stews. The yeast extract doesn’t contain any GMO ingredients, chemical substances and synthetic additives or animal-derived ingredients. The yeast extract is a vital and rich source of amino acids, peptides, proteins, nucleotides, minerals, vitamins, and micro-nutrients.
Market Overview and Dynamics
The North America yeast extract market is expected to reach US$ 561.2 million in 2027 from US$ 389.6 million in 2019. The market is estimated to grow with a CAGR of 4.7% from 2020-2027. The growth of this market is estimated to grow owing to key driving factors such as the rising demand for natural ingredients in food & beverages industry and the launch of new products. However, the market is expected experiencing slow growth during the forecast period owing to the availability of yeast extract substitutes.
Key Market Segments
Based on technology, the yeast extract market is segmented into autolyzed and hydrolyzed. Based on form, the yeast extract market is segmented into powder, paste, and liquid. Based on application, the yeast extract market, is segmented into food and beverages, animal feed, pharmaceuticals, and others.
Major Sources and Companies Listed
Some of the major primary and secondary sources for yeast extract market included in the report are the Food and Drug Administration (FDA), Single Platform 2020 (US), and others.
Reasons to buy the report
NORTH AMERICA YEAST EXTRACT MARKET SEGMENTATION
By Technology
By Form
By Application
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 389.6 Million |
| Market Size by 2027 | US$ 561.2 Million |
| CAGR (2020 - 2027) | 4.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Yeast Extract Market is valued at US$ 389.6 Million in 2019, it is projected to reach US$ 561.2 Million by 2027.
As per our report North America Yeast Extract Market, the market size is valued at US$ 389.6 Million in 2019, projecting it to reach US$ 561.2 Million by 2027. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America Yeast Extract Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Yeast Extract Market report:
The North America Yeast Extract Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Yeast Extract Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Yeast Extract Market value chain can benefit from the information contained in a comprehensive market report.
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