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South Korea Yeast Extract Market

South Korea Yeast Extract Market By Type (Powder, Paste); By Application (Food & Beverages, Pharmaceuticals, Animal Feed, Others); By Source (Baker’s Yeast, Brewer’s Yeast) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
South Korea Yeast Extract Market Size 2024	USD 93.013 million
South Korea Yeast Extract Market, CAGR	7.57%
South Korea Yeast Extract Market Size 2032	USD 166.697 million

Market Overview

The South Korea Yeast Extract Market is projected to grow from USD 93.013 million in 2024 to an estimated USD 166.697 million by 2032, with a compound annual growth rate (CAGR) of 7.57% from 2025 to 2032. This growth reflects the increasing demand for yeast extract in various industries, including food and beverages, nutraceuticals, and animal feed.

Market drivers include the rising popularity of functional foods and beverages that cater to health-conscious consumers. Yeast extract’s natural umami flavor profile and nutritional benefits, such as high protein content and essential amino acids, make it a popular choice in product formulations. Additionally, trends toward clean label products and the increasing awareness about the health benefits of yeast extract contribute to its growing demand. The rising demand in the animal feed industry, driven by the need for natural additives to improve livestock health, is also a significant market driver.

Geographically, the South Korean market for yeast extract is driven by demand from both domestic consumption and exports. The country’s advanced food processing sector and increasing adoption of yeast extract in savory foods and seasonings support market growth. Key players in this market include multinational companies such as DSM, Lesaffre, and Angel Yeast, alongside regional players who provide customized yeast extract products to meet local preferences and industrial needs.

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Market Insights

The South Korea Yeast Extract Market is projected to grow from USD 93.013 million in 2024 to USD 166.697 million by 2032, with a CAGR of 7.57% from 2025 to 2032.
The market is driven by increasing demand for natural and clean-label ingredients, especially in food, beverages, and nutraceuticals, alongside the rising popularity of plant-based diets.
Consumers are increasingly prioritizing health and nutrition, driving the demand for yeast extract due to its natural umami flavor and nutritional benefits like proteins and essential amino acids.
The growing demand for natural additives in animal feed, particularly for improving livestock health, is contributing significantly to the market’s expansion.
High production costs and raw material price volatility are major challenges, making it difficult for smaller players to compete with larger multinational companies in the yeast extract space.
Seoul and the surrounding metropolitan areas account for the largest market share, with Gyeonggi Province and Busan also contributing significantly due to their industrial activities.
The market features strong competition from global players like DSM and Lesaffre, as well as regional companies focusing on tailored solutions to meet local demand.

Market Drivers

Growth of the Food and Beverage Industry

South Korea’s food and beverage industry is a key driver of yeast extract consumption. The country’s dynamic food processing sector is constantly innovating, introducing new products to meet the evolving preferences of consumers. Yeast extract is widely used in savory products such as soups, sauces, seasonings, snacks, and ready-to-eat meals. As South Korea’s food culture embraces more diverse and globalized flavors, the demand for ingredients like yeast extract, which provide rich umami and enhance taste, continues to rise. Additionally, South Korea has a robust culinary tradition of fermented foods, which aligns with the flavor profiles provided by yeast extract. The increasing preference for authentic, umami-rich flavors in the food industry is driving the inclusion of yeast extract in various food formulations. Moreover, the demand for convenience foods in South Korea has been rising, and yeast extract plays a crucial role in creating flavor profiles that cater to busy, on-the-go consumers.

Expansion of the Animal Feed Industry

Another significant driver of the yeast extract market in South Korea is the growing demand in the animal feed sector. Yeast extract is used as a feed additive to improve the overall health and productivity of livestock, especially in poultry, swine, and aquaculture industries. The yeast extract’s high protein content, along with its rich source of B-vitamins and minerals, helps improve the overall feed quality, boosting animal health, growth rates, and immune systems. As South Korea is a major producer of meat and seafood, the expansion of the animal feed industry directly impacts the demand for yeast extract. Additionally, the increasing trend of adopting natural and sustainable ingredients in animal feed to ensure the health and quality of animals is further driving the growth of the yeast extract market. In response to rising global concerns over antibiotic use in livestock farming, yeast extract serves as a natural alternative, which is contributing to its increasing utilization as a preferred feed additive.

Increasing Demand for Natural and Clean Label Ingredients

The growing trend toward natural, clean-label products in the food and beverage sector is one of the significant drivers for the South Korea yeast extract market. As consumers become more health-conscious and seek products free from artificial additives and preservatives, yeast extract serves as a preferred ingredient due to its natural origin. It offers a rich umami flavor, which enhances the taste profile of food products without the need for synthetic flavor enhancers such as monosodium glutamate (MSG). This clean-label trend has gained substantial traction in the South Korean market, especially within the food industry, where transparency in product composition is valued by both consumers and regulatory authorities.For instance, yeast extract’s natural origin and rich umami flavor make it an ideal ingredient for enhancing the taste of food products without relying on synthetic additives like MSG. This aligns with the clean-label trend, where consumers and regulatory bodies in South Korea value transparency in product composition. The increasing popularity of plant-based and organic products also aligns with the use of yeast extract as a natural and healthy alternative to artificial flavoring agents, further boosting its demand in both local and export markets.The emphasis on natural ingredients is particularly pronounced in South Korea, where consumers are increasingly seeking products that not only taste good but also provide health benefits. As a result, manufacturers are turning to yeast extract to meet these consumer demands, ensuring that their products remain competitive in a market that prioritizes health and sustainability.

Rising Consumer Preference for Health and Nutritional Benefits

The growing focus on health and nutrition, particularly in the wake of the global pandemic, has accelerated the demand for functional foods and ingredients. Yeast extract is rich in essential nutrients, including proteins, amino acids, vitamins, and minerals, making it an attractive choice for health-conscious consumers. It is often marketed as a nutritional supplement in the form of savory spreads, seasonings, and snacks. Moreover, yeast extract is considered beneficial for gut health due to its prebiotic properties, which stimulate the growth of beneficial gut bacteria. This makes it a popular ingredient in the growing nutraceuticals sector.In South Korea, where there is a heightened interest in traditional health practices, the role of yeast extract in promoting overall well-being fits well with local consumer preferences for foods that offer additional nutritional value. The increasing demand for foods that enhance immune function, improve digestion, and contribute to a balanced diet is expected to significantly drive the yeast extract market. Additionally, yeast extract’s nutritional profile, which includes proteins, amino acids, vitamins, and minerals, appeals to health-conscious consumers seeking functional foods. Its prebiotic properties also support gut health by promoting beneficial bacteria, aligning with the growing interest in nutraceuticals and traditional health practices in South Korea. As a result, yeast extract is increasingly used in savory spreads, seasonings, and snacks, contributing to its popularity in both local and export markets.

Market Trends

Shift Toward Clean Labels and Transparent Product Labeling

South Korean consumers are becoming more discerning about the ingredients used in the products they consume, placing greater importance on clean labels that emphasize transparency and natural ingredients. This is particularly true in the food and beverage sector, where consumers increasingly demand foods free from artificial additives, preservatives, and synthetic flavor enhancers. Yeast extract, with its natural origin and functional properties, is well-positioned to meet this demand, as it is a clean-label ingredient that aligns with consumer preferences for foods that are minimally processed and free from artificial ingredients. The clean-label movement has gained significant traction in South Korea, especially among millennials and Generation Z, who are more inclined to seek products that align with their ethical and health-related values. In response to these trends, food manufacturers are increasingly marketing their products with clean labels, highlighting yeast extract as a natural flavor enhancer and functional ingredient that satisfies consumer demand for simplicity, transparency, and authenticity.

Increased Use of Yeast Extract in Animal Feed

The demand for yeast extract in the animal feed industry is another key trend driving the South Korea yeast extract market. As the country continues to be a major player in meat and seafood production, yeast extract’s role as a highly effective feed additive has gained significant attention. It is widely used to enhance the nutritional content of animal feed, providing a rich source of proteins, B-vitamins, and minerals that promote growth, health, and immunity in livestock. Moreover, yeast extract has become increasingly important in improving the gut health of animals, supporting the development of a healthy microbiome that enhances feed conversion efficiency and overall animal performance. This trend is also closely tied to the growing consumer demand for more natural and sustainable animal products, as yeast extract is considered a natural alternative to antibiotics and synthetic growth enhancers in animal husbandry. South Korea’s animal feed industry is adopting more sustainable and holistic approaches to animal care, positioning yeast extract as a key ingredient in the next generation of animal nutrition solutions.

Surge in Demand for Plant-Based and Vegan Products

One of the most significant trends currently shaping the South Korea yeast extract market is the rising consumer preference for plant-based and vegan products. As more South Koreans embrace vegetarian and vegan diets, driven by health concerns, ethical considerations, and environmental awareness, the demand for natural, plant-derived ingredients like yeast extract has skyrocketed. Yeast extract fits perfectly into this trend due to its plant-based origin and nutritional profile, offering essential vitamins, minerals, and proteins that appeal to those seeking meat alternatives. It is being increasingly used in plant-based meat substitutes, dairy-free products, and savory seasonings to provide a rich, umami flavor that mimics the taste of animal-derived ingredients. This shift toward plant-based consumption is particularly notable in the younger, more health-conscious demographic, further driving the demand for yeast extract as a clean, vegan-friendly ingredient in various food and beverage products.For instance, the surge in demand for plant-based and vegan products in South Korea is evident in the growing popularity of vegan restaurants and the introduction of plant-based meat substitutes by major food companies. This trend is driven by younger generations who are increasingly adopting vegetarian and vegan lifestyles due to health concerns and environmental awareness. Yeast extract, with its plant-based origin and nutritional benefits, is being used extensively in these products to enhance flavor and nutritional profiles.

Growth of the Health and Wellness Sector

The health and wellness trend in South Korea continues to accelerate, with consumers becoming more conscious of the nutritional content of their food and beverages. Yeast extract is seen as an ideal ingredient for functional foods and nutraceuticals due to its beneficial properties, including its high content of B-vitamins, amino acids, and antioxidants. The growing interest in gut health has also contributed to the market’s expansion, as yeast extract contains prebiotic components that support the growth of beneficial gut bacteria, aiding in digestion and boosting immune function. These health-promoting qualities make yeast extract increasingly popular in products marketed as health-boosting or immune-supportive, such as functional snacks, supplements, and fortified beverages. Furthermore, with South Korea’s aging population and a greater focus on longevity and disease prevention, yeast extract is also being incorporated into dietary supplements aimed at improving overall health and reducing the risk of chronic diseases, particularly in the older demographic.Similarly, the growth of the health and wellness sector in South Korea is reflected in the increasing consumer interest in functional foods and nutraceuticals. Yeast extract, rich in B-vitamins, amino acids, and antioxidants, is gaining traction as a key ingredient in products aimed at supporting gut health and boosting immune function. Its prebiotic components are particularly valued for promoting beneficial gut bacteria, which aids digestion and enhances overall well-being. This has led to its inclusion in a variety of health-boosting products, such as fortified beverages and dietary supplements, especially among the aging population seeking to improve longevity and prevent chronic diseases.

Market Challenges

Regulatory and Quality Control Standards

The South Korean food industry is governed by strict regulatory frameworks set by authorities such as the Ministry of Food and Drug Safety (MFDS). While these regulations ensure the safety and quality of food ingredients, they can also pose challenges for yeast extract producers. Manufacturers must ensure that their products comply with stringent quality control standards and labeling requirements, which may vary depending on the application (e.g., food, nutraceuticals, or animal feed). Meeting these standards often involves significant investments in quality assurance systems, testing, and certifications, which can add to the cost and complexity of production. Moreover, the global nature of yeast extract trade means that manufacturers must adhere to international regulatory requirements as well, further complicating the market landscape. Non-compliance or delays in regulatory approvals can result in product recalls, fines, or reputational damage, which can adversely affect the growth of the yeast extract market in South Korea.

High Cost of Production and Price Volatility

One of the primary challenges facing the South Korea yeast extract market is the high cost of production. Yeast extract is derived through a complex fermentation process, which involves several stages such as hydrolysis, extraction, and concentration. These processes require specialized equipment, skilled labor, and significant energy inputs, all of which contribute to higher production costs. Additionally, the price of raw materials used in yeast extract production, such as yeast, is subject to fluctuations in the global market, influenced by factors such as supply chain disruptions, environmental conditions, and raw material availability.For instance, the reliance on raw materials like molasses—a key feedstock in yeast extract manufacturing—adds another layer of complexity to cost management. Molasses prices are highly susceptible to harvest depletion due to environmental changes and geopolitical factors, which can significantly impact production costs. Disruptions in supply chains further compound this issue, affecting the availability and pricing of essential raw materials. Moreover, export duties imposed by major molasses-producing countries like India can shift global supply dynamics, creating additional price instability for yeast extract producers. This volatility not only affects manufacturers’ profitability but also leads to price fluctuations in the final product, deterring small and medium-sized food producers from adopting yeast extract when more affordable synthetic alternatives are available.

Market Opportunities

Expansion of Plant-Based and Functional Foods

A significant market opportunity for the South Korea yeast extract market lies in the growing demand for plant-based and functional foods. As consumers become increasingly health-conscious and adopt plant-based diets, there is a rising need for natural, nutritious, and flavor-enhancing ingredients like yeast extract. Its rich umami flavor profile makes it an ideal ingredient in plant-based meat substitutes, dairy alternatives, and functional snacks. The trend toward functional foods, particularly those promoting gut health and immune support, offers further growth potential. Yeast extract’s nutritional benefits, such as its high content of B-vitamins, proteins, and prebiotic properties, position it as a key ingredient in the rapidly expanding functional food and beverage sector. This offers yeast extract manufacturers the opportunity to capitalize on the surge in demand for clean-label, plant-based, and health-oriented products.

Growth in the Animal Feed Industry

Another significant opportunity lies in the increasing demand for yeast extract in the South Korean animal feed industry. As the demand for high-quality meat, poultry, and seafood continues to grow, yeast extract’s role as a natural feed additive is gaining importance. It enhances the nutritional value of animal feed, supporting the growth, health, and immune systems of livestock. With growing concerns over the use of antibiotics and artificial additives in animal feed, yeast extract provides a natural alternative that promotes animal well-being. The increasing focus on sustainable and natural farming practices presents an opportunity for yeast extract suppliers to expand their reach within the animal feed sector, tapping into a growing market that seeks safe, effective, and sustainable feed solutions

Market Segmentation Analysis

By Type

The yeast extract market in South Korea is primarily divided into two types: Powder and Paste. Powdered yeast extract accounts for a significant share of the market due to its versatility and ease of use in food processing, including seasonings, snacks, and ready-to-eat meals. It is highly preferred for its long shelf life and convenient storage and transportation, which is essential for manufacturers. The paste segment, though smaller in comparison, is favored in specific applications where a more concentrated and moist form of yeast extract is required, such as in savory spreads and sauces. The paste form offers a richer flavor profile and is often used in high-demand, flavor-intensive food products.

By Application

The South Korea Yeast Extract Market is broadly segmented by application into Food & Beverages, Pharmaceuticals, Animal Feed, and Others. The largest segment, Food & Beverages, is driven by yeast extract’s use as a natural flavor enhancer in savory products like seasonings, sauces, soups, snacks, and ready-to-eat meals, as well as in health and functional beverages. In Pharmaceuticals, yeast extract is gaining popularity due to its nutrient-rich profile, including amino acids, vitamins, and antioxidants, which support immune and gut health. The Animal Feed segment is expanding as yeast extract provides a natural, sustainable alternative to synthetic additives, promoting animal health and improving growth rates, particularly in poultry, swine, and aquaculture. The Others category includes industrial applications such as fermentation processes, biotechnological uses, and research.

Segments

Based on Type

Powder
Paste

Based on Application

Food & Beverages
Pharmaceuticals
Animal Feed
Others

Based on Source

Baker’s Yeast
Brewer’s Yeast

Based on Region

Seoul and Metropolitan Areas
Gyeonggi Province
Busan
Other Areas

Regional Analysis

Seoul and Metropolitan Areas (45%)

Seoul and its surrounding metropolitan areas dominate the South Korea yeast extract market, contributing approximately 45% of the total market share. As the capital city and economic hub of the country, Seoul hosts a large concentration of food processing industries, multinational companies, and food manufacturers that drive the demand for yeast extract. The region is known for its advanced technological infrastructure and innovation in the food sector, which heavily influences the adoption of natural and functional ingredients like yeast extract. Furthermore, the presence of high-income, health-conscious consumers in Seoul has led to a greater demand for clean-label, plant-based, and functional foods, all of which incorporate yeast extract for its nutritional and flavor-enhancing benefits.

Gyeonggi Province (25%)

Gyeonggi Province, surrounding Seoul, is another key region in the South Korea yeast extract market, accounting for around 25% of the market share. The province benefits from its proximity to Seoul, contributing to the development of its food manufacturing and processing sectors. Gyeonggi is home to a number of industrial zones where large-scale food companies, including producers of savory products and animal feed, are concentrated. The region’s advanced manufacturing facilities, coupled with its strong logistics networks, support the growing demand for yeast extract in both food and feed applications. Additionally, the rising focus on sustainability and natural food ingredients in the province makes yeast extract a preferred option for many producers in this area.

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Key players

Lesaffre Group
Specialty Biotech Co., Ltd.
AB Mauri
DSM N.V.
Biospringer
Lallemand Inc.
Zhejiang Zhongguan Biotechnology Co., Ltd.
Oriental Yeast Co., Ltd.
Foodchem International Corporation

Competitive Analysis

The South Korea yeast extract market is highly competitive, with several key players dominating the landscape. Lesaffre Group and DSM N.V. are industry leaders with strong global presence and diverse product portfolios, including yeast extracts for various applications such as food, beverages, and animal feed. Biospringer and Lallemand Inc. focus on high-quality, functional yeast extracts, capitalizing on the rising demand for nutritional and health-oriented ingredients. Regional players like Specialty Biotech Co., Ltd. and Zhejiang Zhongguan Biotechnology Co., Ltd. offer cost-effective solutions while catering to specific local market needs. AB Mauri and Foodchem International Corporation focus on both food and industrial applications, positioning themselves as versatile providers of yeast-based products. The competition is further intensified by the growing preference for clean-label and sustainable ingredients, prompting players to innovate and adapt to consumer trends.

Recent Developments

In June 2024, Lesaffre agreed to purchase DSM’s yeast extract business. As part of the deal, Lesaffre will supply yeast extracts to DSM for its Savory business and enter a technology partnership for yeast extract development.

In June 2024, DSM announced the sale of its yeast extract business to Lesaffre as part of a strategic portfolio review. DSM will continue to supply yeast extracts until the end of 2025

Market Concentration and Characteristics

The South Korea Yeast Extract Market exhibits a moderate level of concentration, with several key global players and regional companies competing for market share. Major multinational companies like Lesaffre Group, DSM N.V., and Lallemand Inc. dominate the market, leveraging their extensive research capabilities, established brand reputation, and diverse product portfolios to cater to various applications such as food, beverages, and animal feed. Alongside these global players, regional companies like Specialty Biotech Co., Ltd. and Zhejiang Zhongguan Biotechnology Co., Ltd. focus on offering cost-effective, locally tailored solutions. The market is characterized by high competition driven by the increasing demand for clean-label, functional, and natural ingredients, as well as the growing trend of plant-based and health-oriented food products. This dynamic environment encourages innovation, with key players continually enhancing their offerings to meet evolving consumer preferences and regulatory requirements.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, Source and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The South Korea yeast extract market is expected to maintain strong growth, driven by increasing demand for natural and clean-label ingredients across various sectors.

With the growing shift toward plant-based diets, yeast extract will continue to play a key role in providing natural umami flavors in meat substitutes and dairy alternatives.

The expansion of the functional foods sector, particularly those focusing on gut health and immunity, will drive yeast extract consumption for its nutritional benefits.

South Korean consumers will increasingly prioritize health-conscious food options, further boosting the demand for yeast extract in nutraceuticals and fortified products.

Ongoing innovation in yeast extraction technologies will enhance the efficiency of production, lowering costs and improving the quality of yeast extract products.

The demand for sustainably produced yeast extract will rise as consumers and manufacturers prioritize eco-friendly and environmentally responsible food ingredients.

Yeast extract will see growing use in animal feed, particularly in improving livestock health and replacing antibiotics, in line with increasing demand for natural and effective feed additives.

South Korea’s established food processing sector and growing reputation for high-quality products will position the country as a key exporter of yeast extract in the global market.

Stricter food safety and regulatory standards will encourage innovation, driving manufacturers to adopt new formulations and processing methods to meet market needs.

As the market grows, competition among global and regional players will intensify, leading to further product differentiation and enhanced customer offerings to capture market share.

CHAPTER NO. 1 : INTRODUCTION 18

1.1.1. Report Description 18

Purpose of the Report 18

USP & Key Offerings 18

1.1.2. Key Benefits for Stakeholders 18

1.1.3. Target Audience 19

1.1.4. Report Scope 19

CHAPTER NO. 2 : EXECUTIVE SUMMARY 20

2.1. Yeast Extract Market Snapshot 20

2.1.1. South Korea Yeast Extract Market, 2018 – 2032 (USD Million) 21

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 22

3.1. Russia-Ukraine and Israel-Palestine War Impacts 22

CHAPTER NO. 4 : YEAST EXTRACT MARKET – INDUSTRY ANALYSIS 23

4.1. Introduction 23

4.2. Market Drivers 24

4.2.1. Rising demand for natural and clean-label ingredients 24

4.2.2. Growing utilization of yeast extract in plant-based and vegan products 25

4.3. Market Restraints 26

4.3.1. Fluctuating raw material prices affecting production costs 26

4.4. Market Opportunities 27

4.4.1. Increasing applications of yeast extract in bio-based pharmaceutical formulations 27

4.5. Porter’s Five Forces Analysis 28

4.6. Buying Criteria 29

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 30

5.1. Import Analysis by South Korea 30

5.1.1. South Korea Yeast Extract Market Import Volume/Revenue, By South Korea, 2018 – 2023 30

5.2. Export Analysis by South Korea 31

5.2.1. South Korea Yeast Extract Market Export Volume/Revenue, By South Korea, 2018 – 2023 31

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 32

6.1. Demand Analysis by South Korea 32

6.1.1. South Korea Yeast Extract Market Demand Volume/Revenue, By South Korea, 2018 – 2023 32

6.2. Supply Analysis by South Korea 33

6.2.1. South Korea Yeast Extract Market Supply Volume/Revenue, By South Korea, 2018 – 2023 33

CHAPTER NO. 7 : PRODUCTION ANALYSIS 34

7.1. Production Analysis by South Korea 34

7.1.1. South Korea Yeast Extract Market Production Volume/Revenue, By South Korea, 2018 – 2023 34

CHAPTER NO. 8 : PRICE ANALYSIS 35

8.1. Price Analysis by Type 35

8.1.1. South Korea Yeast Extract Market Price, By Type, 2018 – 2023 35

8.1.2. South Korea Type Market Price, By Type, 2018 – 2023 35

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 36

9.1. Key Raw Materials and Suppliers 36

9.2. Key Raw Materials Price Trend 36

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 37

10.1. Manufacturing Cost Analysis 37

10.2. Manufacturing Process 37

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 38

11.1. Company Market Share Analysis – 2023 38

11.2. Value Chain Analysis 38

11.2.1. South Korea Yeast Extract Market: Company Market Share, by Volume, 2023 39

11.2.2. South Korea Yeast Extract Market: Company Market Share, by Revenue, 2023 40

11.2.3. South Korea Yeast Extract Market: Top 6 Company Market Share, by Revenue, 2023 40

11.2.4. South Korea Yeast Extract Market: Top 3 Company Market Share, by Revenue, 2023 41

11.3. South Korea Yeast Extract Market Company Volume Market Share, 2023 42

11.4. South Korea Yeast Extract Market Company Revenue Market Share, 2023 43

11.5. Company Assessment Metrics, 2023 43

11.5.1. Stars 43

11.5.2. Emerging Leaders 43

11.5.3. Pervasive Players 43

11.5.4. Participants 43

11.6. Start-ups /SMEs Assessment Metrics, 2023 43

11.6.1. Progressive Companies 43

11.6.2. Responsive Companies 44

11.6.3. Dynamic Companies 44

11.6.4. Starting Blocks 44

11.7. Strategic Developments 45

11.7.1. Acquisitions & Mergers 45

New Product Launch 45

South Korea Expansion 45

11.8. Key Players Product Matrix 46

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 47

12.1. PESTEL 47

12.1.1. Political Factors 47

12.1.2. Economic Factors 47

12.1.3. Social Factors 47

12.1.4. Technological Factors 47

12.1.5. Environmental Factors 47

12.1.6. Legal Factors 47

12.2. Adjacent Market Analysis 47

CHAPTER NO. 13 : YEAST EXTRACT MARKET – BY TYPE SEGMENT ANALYSIS 48

13.1. Yeast Extract Market Overview, by Type Segment 48

13.1.1. Yeast Extract Market Revenue Share, By Type, 2023 & 2032 49

13.1.2. Yeast Extract Market Attractiveness Analysis, By Type 50

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 50

13.1.4. Yeast Extract Market Revenue, By Type, 2018, 2023, 2027 & 2032 51

13.2. Powder 52

13.3. Paste 53

CHAPTER NO. 14 : YEAST EXTRACT MARKET – BY APPLICATION SEGMENT ANALYSIS 54

14.1. Yeast Extract Market Overview, by Application Segment 54

14.1.1. Yeast Extract Market Revenue Share, By Application, 2023 & 2032 55

14.1.2. Yeast Extract Market Attractiveness Analysis, By Application 56

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 56

14.1.4. Yeast Extract Market Revenue, By Application, 2018, 2023, 2027 & 2032 57

14.2. Food & Beverages 58

14.3. Pharmaceuticals 59

14.4. Animal Feed 60

14.5. Others 61

CHAPTER NO. 15 : YEAST EXTRACT MARKET – BY SOURCE SEGMENT ANALYSIS 62

15.1. Yeast Extract Market Overview, by Source Segment 62

15.1.1. Yeast Extract Market Revenue Share, By Source, 2023 & 2032 63

15.1.2. Yeast Extract Market Attractiveness Analysis, By Source 64

15.1.3. Incremental Revenue Growth Opportunity, by Source, 2024 – 2032 64

15.1.4. Yeast Extract Market Revenue, By Source, 2018, 2023, 2027 & 2032 65

15.2. Baker’s Yeast 66

15.3. Brewer’s Yeast 67

CHAPTER NO. 16 : YEAST EXTRACT MARKET – SOUTH KOREA ANALYSIS 68

16.1. Type 68

16.1.1. South Korea Yeast Extract Market Revenue, By Type, 2018 – 2023 (USD Million) 68

16.2. South Korea Yeast Extract Market Revenue, By Type, 2024 – 2032 (USD Million) 68

16.3. Application 69

16.3.1. South Korea Yeast Extract Market Revenue, By Application, 2018 – 2023 (USD Million) 69

16.3.2. South Korea Yeast Extract Market Revenue, By Application, 2024 – 2032 (USD Million) 69

16.4. Source 70

16.4.1. South Korea Yeast Extract Market Revenue, By Source, 2018 – 2023 (USD Million) 70

16.4.2. South Korea Yeast Extract Market Revenue, By Source, 2024 – 2032 (USD Million) 70

CHAPTER NO. 17 : COMPANY PROFILES 71

17.1.1. Company Overview 71

17.1.2. Product Portfolio 71

17.1.3. Swot Analysis 71

17.1.4. Business Strategy 72

17.1.5. Financial Overview 72

17.2. Lesaffre Group 73

17.3. Specialty Biotech Co., Ltd. 73

17.4. AB Mauri 73

17.5. DSM N.V. 73

17.6. Biospringer 73

17.7. Lallemand Inc. 73

17.8. Zhejiang Zhongguan Biotechnology Co., Ltd. 73

17.9. Oriental Yeast Co., Ltd. 73

17.10. Foodchem International Corporation 73

List of Figures

FIG NO. 1. South Korea Yeast Extract Market Revenue, 2018 – 2032 (USD Million) 21

FIG NO. 2. Porter’s Five Forces Analysis for South Korea Yeast Extract Market 28

FIG NO. 3. South Korea Yeast Extract Market Import Volume/Revenue, By South Korea, 2018 – 2023 30

FIG NO. 4. South Korea Yeast Extract Market Export Volume/Revenue, By South Korea, 2018 – 2023 31

FIG NO. 5. South Korea Yeast Extract Market Demand Volume/Revenue, By South Korea, 2018 – 2023 32

FIG NO. 6. South Korea Yeast Extract Market Supply Volume/Revenue, By South Korea, 2018 – 2023 33

FIG NO. 7. South Korea Yeast Extract Market Production Volume/Revenue, By South Korea, 2018 – 2023 34

FIG NO. 8. South Korea Yeast Extract Market Price, By Type, 2018 – 2023 35

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 36

FIG NO. 10. Manufacturing Cost Analysis 37

FIG NO. 11. Manufacturing Process 37

FIG NO. 12. Value Chain Analysis for South Korea Yeast Extract Market 38

FIG NO. 13. Company Share Analysis, 2023 39

FIG NO. 14. Company Share Analysis, 2023 40

FIG NO. 15. Company Share Analysis, 2023 40

FIG NO. 16. Company Share Analysis, 2023 41

FIG NO. 17. Yeast Extract Market – Company Volume Market Share, 2023 42

FIG NO. 18. Yeast Extract Market – Company Revenue Market Share, 2023 43

FIG NO. 19. Yeast Extract Market Revenue Share, By Type, 2023 & 2032 49

FIG NO. 20. Market Attractiveness Analysis, By Type 50

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 50

FIG NO. 22. Yeast Extract Market Revenue, By Type, 2018, 2023, 2027 & 2032 51

FIG NO. 23. South Korea Yeast Extract Market for Powder, Revenue (USD Million) 2018 – 2032 52

FIG NO. 24. South Korea Yeast Extract Market for Paste, Revenue (USD Million) 2018 – 2032 53

FIG NO. 25. Yeast Extract Market Revenue Share, By Application, 2023 & 2032 55

FIG NO. 26. Market Attractiveness Analysis, By Application 56

FIG NO. 27. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 56

FIG NO. 28. Yeast Extract Market Revenue, By Application, 2018, 2023, 2027 & 2032 57

FIG NO. 29. South Korea Yeast Extract Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 58

FIG NO. 30. South Korea Yeast Extract Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 59

FIG NO. 31. South Korea Yeast Extract Market for Animal Feed, Revenue (USD Million) 2018 – 2032 60

FIG NO. 32. South Korea Yeast Extract Market for Others, Revenue (USD Million) 2018 – 2032 61

FIG NO. 33. Yeast Extract Market Revenue Share, By Source, 2023 & 2032 63

FIG NO. 34. Market Attractiveness Analysis, By Source 64

FIG NO. 35. Incremental Revenue Growth Opportunity by Source, 2024 – 2032 64

FIG NO. 36. Yeast Extract Market Revenue, By Source, 2018, 2023, 2027 & 2032 65

FIG NO. 37. South Korea Yeast Extract Market for Baker’s Yeast, Revenue (USD Million) 2018 – 2032 66

FIG NO. 38. South Korea Yeast Extract Market for Brewer’s Yeast, Revenue (USD Million) 2018 – 2032 67

List of Tables

TABLE NO. 1. : South Korea Yeast Extract Market: Snapshot 20

TABLE NO. 2. : Drivers for the Yeast Extract Market: Impact Analysis 24

TABLE NO. 3. : Restraints for the Yeast Extract Market: Impact Analysis 26

TABLE NO. 4. : South Korea Yeast Extract Market Revenue, By Type, 2018 – 2023 35

TABLE NO. 5. : Key Raw Materials & Suppliers 36

TABLE NO. 6. : South Korea Yeast Extract Market Revenue, By Type, 2018 – 2023 (USD Million) 68

TABLE NO. 7. : South Korea Yeast Extract Market Revenue, By Type, 2024 – 2032 (USD Million) 68

TABLE NO. 8. : South Korea Yeast Extract Market Revenue, By Application, 2018 – 2023 (USD Million) 69

TABLE NO. 9. : South Korea Yeast Extract Market Revenue, By Application, 2024 – 2032 (USD Million) 69

TABLE NO. 10. : South Korea Yeast Extract Market Revenue, By Source, 2018 – 2023 (USD Million) 70

TABLE NO. 11. : South Korea Yeast Extract Market Revenue, By Source, 2024 – 2032 (USD Million) 70

Frequently Asked Questions

What is the market size of the South Korea Yeast Extract Market in 2023 and 2032?

In 2023, the South Korea Yeast Extract Market is estimated at USD 93.013 million, with projections to reach USD 166.697 million by 2032, growing at a CAGR of 7.57% from 2025 to 2032.

What are the main drivers of the South Korea Yeast Extract Market?

The primary drivers include the increasing demand for natural, clean-label ingredients, the popularity of plant-based diets, and the rising interest in functional foods and beverages.

Who are the leading players in the South Korea Yeast Extract Market?

Key players in the market include multinational companies such as DSM, Lesaffre, Angel Yeast, as well as regional suppliers that cater to local market needs.

How is the South Korea Yeast Extract Market expected to evolve?

The market is expected to continue growing due to increasing consumer preference for natural ingredients, advancements in production technologies, and expanding use in functional foods and animal feed.

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