(Entertainment-NewsWire.com, September 27, 2017 ) According to the report Europe Yeast Ingredients Market, published by Market Data Forecast, the Market was worth USD 561 million in 2016 and estimated to be growing at a CAGR of 7.56%, to reach USD 807.64 million by 2021. Europe leads the market for yeast ingredients in terms of volume and value due to inflexible regulations for artificial ingredients and significant growth in the processed food industry.
The yeast ingredients market is greatly segregated and competitive. Yeast extract has a good image and is a favored ingredient for producers as it can be considered as a clean product. Companies are launching new products by capitalizing on R&D to meet the growing consumer demand.
The main factors driving the attainment of yeast and specialty yeast market are increasing demand for bakery products. The market is also driven owing to progressive drift in alcoholic beverage consumption. The European yeast market is observing growth due to growing consumption of treated food products and consciousness about the healthy benefit of yeast. Reason for the hindrance in the market is the large risk for bio-fuel competition whose prices are very high and it’s a big challenge for the yeast market.
Europe 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 Germany, U.K., Italy, Spain and France. Spain is dominating the market in the European region and U.K. is expected to witness highest growth during 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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