The Latin America, Middle East and Africa Specialty Yeast Market would witness market growth of 10.1% CAGR during the forecast period (2022-2028).
Similar perceptions of smoothness and richness are brought about by some specialty yeasts' high peptide content, which allows fat to be reduced while maintaining the organoleptic qualities. The development of healthier products is a priority for major yeast companies as they strive to improve consumer health and wellbeing by lowering salt, sugar, and saturated fat content.
COVID-19 is more common in people with lifestyle diseases like diabetes and high blood pressure. As a result, people have begun to adopt better lifestyles and diets that include more nutrients. In recent years, the specialty yeast industry has grown as a result of increased innovation, consumer awareness of natural ingredients, and consumer interest in ingredients with numerous functionalities.
Since specialty yeast has proven to be an extremely versatile product, it has continued to be used in many mainstream dishes throughout the world. This has propelled the food industries, and food outlets, to make better product portfolios including specialty yeast. The diversification of palettes worldwide, and the significance of specialty yeast in many vegan and vegetarian diets are pushing the growth of this market.
The Middle East blends all trends witnessed in its neighbors as easily as it connects three continents. This is due to easy and quick access to information via social media regarding developments in baking and snacks. The Middle Eastern baking business is still growing and is not showing any hints of slowing down any time soon. A growth in population, accessibility, and affluence are some of the causes of this. The trend is also supported by innovation as more traditional food outlets serve their take on many gourmet dishes.
The Brazil market dominated the LAMEA Specialty Yeast Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $96.3 million by 2028. The Argentina market is experiencing a CAGR of 10.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.8% during (2022 - 2028).
Based on Application, the market is segmented into Food (Bakery Products, Functional Foods, Savory Products, and Others), Beverages, Feed, and Others. Based on Type, the market is segmented into Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, and Others. Based on Species, the market is segmented into Saccharomyces Cerevisiae, Kluyveromyces, Pichia Pastoris, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Specialty Yeast Market is Predict to reach $4.8 Billion by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Associated British Foods PLC (Wittington Investments Limited), Archer Daniels Midland Company, Koninklijke DSM N.V., Kerry Group PLC, Lallemand, Inc., Lesaffre Group, Angel Yeast Co., Ltd., Biorigin, Kemin Industries, Inc., and Leiber GmbH.
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