(Entertainment-NewsWire.com, September 05, 2017 ) According to the report Latin America Yeast Ingredients market, published by Market Data Forecast, the Market was worth USD 204 million in 2016 and estimated to be growing at a CAGR of 8.35%, to reach USD 604.63 million by 2021.
Yeast which is ranked among the most commonly used food ingredient, has been known to people since many decades. In the modern food and beverage sector, yeast discovers uses in industries such as animal feed, winemaking and baking. The changing aspects of the yeast market are bound to be obstructed by other predominant trends.
Key factors driving growth in the Latin America yeast market include growing consumption and demand for baked products, a booming alcoholic beverages market and emphasis on refining the quality of animal feed. In the coming years this market will have to find ways to face certain growth obstacles, such as strengthening competition for the finding of basic raw material.
Latin America market for Yeast Ingredients is segmented by Type into Yeast Extracts, Autolyzed yeast, Yeast Cell wall and Yeast based-flavors. By Source, yeast ingredients are classified as Baker's Yeast and Brewer's Yeast. Also on the basis of Application Yeast ingredients market is categorized as Food, Feed and Pet Food, Pharmaceuticals and Others.
Geographically the market is segmented into Mexico, Argentina and Brazil. The demand for yeast as an ingredient in food products is highest in Brazil due to high population base. Mexico is anticipated to witness highest growth in this region for yeast ingredients market in the forecast period. Some of the key companies functioning in the yeast ingredients market are Associated British Food Plc, Kerry Group Plc, Koninklijke DSM N.V., Sensient Technologies Corporation, Angel Yeast Co., Ltd., Lesaffre, Lallemand Inc., Leiber GmbH, Synergy Flavors and Beldem S.A.
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