Specialty yeasts, such as yeast extracts, are emerging as cost-cutting culinary and functional ingredients. The specialty yeast industry exhibits considerable progress, owing to the growth in the convenience food & beverage industry.
The specialty yeast market is estimated to be valued at about USD 2.7 billion in 2019 and is projected to reach about USD 4.0 billion by 2025, at a CAGR of 7.2% during the forecast period. The increasing demand for fermented food and beverage products is driving the growth of the specialty yeast market, globally. The use of specialty yeast in feed, bioethanol, biotechnology, cosmetics, and personal care products is trending, which increases the demand for specialty yeasts from these industries. Also, a ban on the use of antibiotics in the feed products in the European region is further expected to create lucrative opportunities for specialty yeast in the coming years.
The key players in this market include Associated British Foods (UK), Angel Yeast (China), Lallemand (Canada), Lesaffre (France), and Chr. Hansen (France) among others. Acquisitions, expansions, and agreements were some of the core strengths adopted by the leading players in the specialty yeast market to increase their presence. It also helped them diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Other players in the market include Koninklijke DSM N.V (Netherlands), Archer Daniels Midland (US), Leiber GmBH (Germany), Kerry Group (Ireland), Biorigin (Brazil), Nutreco N.V (Netherlands), Synergy Flavors (UK), Oriental Yeast (Japan), Beldem (Belgium), Levex (Turkey), and Kemin Industries (US).
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Associated British Foods (UK) is one of the major players in the specialty yeast market. The company caters to the specialty yeast market through its subsidiary—Ohly (Denmark), which is a part of the company’s ingredients business. It has presence in Europe, Africa, the Middle East, Asia, and the Americas. AB Mauri (UK), another subsidiary of Associated British Foods also provides specialty yeast which finds application in distilled spirits, alcoholic beverages, bioethanol, and nutrition. In January 2019, Ohly (Denmark) and Lallemand (Canada), entered into a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torula whole cell business in the US. The long-term supply partnership between these companies aimed at benefitting Ohly by ensuring sustainable security of the Hutchinson site.
Lesaffre (France) is one of the leading players in the global fermentation industry. The company produces and sells yeast, ingredients, sourdoughs, and yeast extracts which are utilized in the baking, taste, healthcare, and biotechnology industries. It has 63 production sites with a presence in approximately 185 countries across the world. The company also has a very strong focus on R&D and has partnered with 60 universities and research centers across the globe to bring about new products to cater to the growing demand. In November 2018, Biospringer (Paris), a business unit of Lesaffre invested in Strasbourg for the establishment of a new production plant manufacturing yeast extracts. This production plant would cater to the customers demand in the region.
Angel Yeast (China) is one of the listed hi-tech companies in China which specializes in the production of yeast and yeast derivatives. The company operates in yeast & baking, yeast extract-savory, nutrition & health, and biotechnology. It has production sites based in China, Egypt, and Russia and serves to consumers present in approximately 150 countries across different regions, globally. The company has 13 business groups with yeast as its core business. The 10 production bases of the company cater to 15 yeast production lines. It is focused on training & development in order to provide innovative solutions for its customers. In July 2018, Angel Yeast launched white beer yeast—W38, which is responsible for ensuring soft and sweet malt flavor. The new launch would add to the existing portfolio of the company.
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