(Food-Beverage-News.Com, October 07, 2017 ) According to the report Middle East and Africa Yeast Ingredients Market, published by Market Data Forecast the Market was worth USD 210 million in 2016 and estimated to be growing at a CAGR of 7.49%, to reach USD 300 million by 2021. Yeast are single celled organisms which are eukaryotic which are members of the fungus kingdom. In the supermarkets, they are available as edible mushrooms and baker’s yeast which is used in leavening bread and molds which are used in producing antibiotics for medical and veterinary use.
Yeasts are natural ingredients and are also one among the primary food ingredients in the food processing industry. Yeasts are used to give flavour and taste to processed food. Due to high nutrient content, yeasts are used as taste boosters in various processed foods such as canned food, snacks, baked food, sauces, and dairy products. Yeast ingredients help manufacturers in giving a clean label to their products, and satisfying consumer’s demands for natural ingredients within their budgets.
Growing demand for processed and conventional food is propelling the Middle East and Africa yeast ingredients market. The popularity for yeast ingredients is increasing in the pharmaceutical industry owing to their wide application as fat substitute, thickening agent, and dietary fibre. Hence, rising investment in the pharmaceutical industry is expected to propel Middle East and Africa demand for yeast ingredient products. With increasing disposable incomes, the demand from consumers for quality processed food items is rising, thus increasing demand for yeast ingredients mainly in developing regions such as China and India.
The Middle East and Africa Yeast Ingredients market is segmented based on application into alcoholic beverages, non-alcoholic beverages, bakery, cultured foods and others. By product type, the market is segmented into fresh yeast, dry yeast, natural yeast, easy bake yeast and other product types. By strain type, the market is divided into saccharomyces cerevisiae, brettanomyces lambicus, candida stellate and other strain types. By speciality type, the market is categorised into autolysates, yeast extract, beta-glucan, oils and shortenings, derivatives and other speciality types. Fresh yeast segment has the largest market share among all the segments in the yeast ingredients market.
The market in this region can be divided based on geography broadly into Middle East and Africa regions. Factors such as rising disposable incomes and growing populace is expected to drive the market growth in the region.
Some of the major players in the market are Associated British Foods plc (U.K.), Sensient Technologies Corporation (U.S.), Kerry Group plc (Ireland), Royal DSM N.V. (The Netherlands), Angel Yeast Co., Ltd (China), Lesaffre Group (France), Leiber GmbH (Germany), and LALLEMAND Inc. (Canada).
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