Meticulous Research® recently published an insightful report titled Yeast Extract Market Size, Share, Forecast, & Trends Analysis by Type (Autolyzed, Hydrolyzed Yeast), Yeast Source (Baker’s, Brewer’s, Torula Yeast), Form (Powder, Paste), Application (Food and Beverages, Animal Feed, Pharmaceuticals) – Global Forecast to 2031. The report projects that the global yeast extract market will grow at a CAGR of 6.8%, reaching $2.92 billion by 2031. Key drivers of this growth include the rising demand for bakery products, an increasing vegan and vegetarian population, higher consumption of alcoholic beverages, and growing consumer interest in reducing salt intake.
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Key Challenges and Opportunities
While the market offers growth potential, it faces challenges such as the availability of substitutes and fluctuating raw material prices. However, increasing demand for natural ingredients and plant-based food alternatives provides significant opportunities for market players. Overcoming barriers like high production costs and stringent regulatory standards will be crucial for sustained growth.
