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Yeast ingredients market is considered to be one of the fastest growing segments of food ingredients market due to the growing trend towards reducing MSG, salt, and fat content in the food products. The yeast ingredients market is driven by the rising demands for natural flavors in food products due to health issues associated with the use of synthetic variants.
The market for yeast ingredients is projected to reach about USD 2.7 Billion, at a CAGR of about 8.2% from 2015 to 2020. In 2014, the European region was the largest market for yeast ingredients. The high growth corresponds to the increasing demands for ingredients of natural origin especially in processed food & beverage products. The wide applicability of yeast ingredients as natural flavorings and taste enhancer in numerous food & beverage products has led to its propelled growth in the forecast period. Emerging applications of yeast ingredients in pharmaceuticals, personal care, and cosmetics are also estimated to be the key driving factors for the yeast ingredients market.
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The report includes development strategies and product portfolios of leading companies such Associated British Foods plc (U.K.), Kerry Group plc (Ireland), Royal DSM N.V. (The Netherlands), Sensient Technologies Corporation (U.S.), Angel Yeast Co., Ltd (China), Lesaffre Group (France), Leiber GmbH (Germany), and LALLEMAND Inc. among others. The leading players have adopted new product development as their key development strategy to serve different foray of consumers from food and non-food sectors in matured and untapped markets as well.
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