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Vietnam Yeast Extract Market

Vietnam 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
Vietnam Yeast Extract Market Size 2024	USD 6.160 million
Vietnam Yeast Extract Market,CAGR	7.63%
Vietnam Yeast Extract Market Size 2032	USD 11.091 million

Market Overview

The Vietnam Yeast Extract Market is projected to grow from USD 6.160 million in 2024 to an estimated USD 11.091 million by 2032, with a compound annual growth rate (CAGR) of 7.63% from 2025 to 2032. The market’s growth is driven by the increasing demand for natural food additives, enhanced flavors, and nutritional supplements.

Key drivers of the Vietnam Yeast Extract Market include the growing consumer preference for clean label products, rising awareness of the health benefits of yeast-based ingredients, and the increasing application of yeast extract in the food, beverage, and animal feed industries. Moreover, trends such as the demand for vegan and plant-based products, as well as innovations in yeast extraction technologies, are propelling market growth. The versatility of yeast extract in both savory and sweet applications is further enhancing its market appeal.

Geographically, Vietnam presents a promising market for yeast extract, with increasing urbanization, a growing middle class, and changing dietary patterns contributing to market expansion. Key players in the market include multinational companies and regional suppliers, such as DSM, Lesaffre, and Angel Yeast, who are focusing on product innovation, strategic partnerships, and expanding production capacities to cater to the rising demand for yeast extract in Vietnam and across Southeast Asia.

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Market Insights

The Vietnam Yeast Extract Market is projected to grow from USD 6.160 million in 2024 to USD 11.091 million by 2032, driven by increasing demand for natural additives and functional ingredients.
The market is driven by consumer preference for clean label products, rising health awareness, and growing demand for plant-based and vegan food options.
Price fluctuations in raw materials, particularly yeast, and the intense competition from synthetic flavor enhancers may hinder market growth.
The Southern region dominates the market, accounting for approximately 50% of the share, due to its well-developed food processing industry and urbanization.
The Northern region holds a 30% share of the market and is expected to grow steadily as urbanization and consumer demand for processed food rise.
The Central region, while smaller, is gradually contributing to market growth with increased urbanization and demand for convenience food.
Innovations in fermentation and extraction processes are driving efficiency and sustainability in yeast extract production, providing opportunities for cost reduction and product improvement.

Market Drivers

Expansion of the Food and Beverage Industry

Vietnam’s food and beverage industry is expanding rapidly, driven by increasing urbanization, rising disposable incomes, and evolving consumer preferences. This trend is significantly benefiting the yeast extract market, as the ingredient is widely used across multiple applications, including soups, sauces, ready-to-eat meals, snacks, and seasonings. Yeast extract’s ability to enhance flavor, provide nutritional value, and improve product stability is leading to its adoption across various sectors of the food industry. The growing demand for processed foods, which often incorporate yeast extract as a key ingredient, further supports the market’s growth. Additionally, as Vietnam experiences an increasing number of international and domestic food service chains and fast-food outlets, the demand for yeast extract in commercial food preparation is rising. The expansion of the retail sector, alongside the growing popularity of convenient and ready-to-eat foods, is creating significant opportunities for yeast extract suppliers to cater to the evolving needs of manufacturers and consumers in Vietnam.

Technological Advancements in Yeast Extract Production

Technological advancements in yeast extraction methods have played a crucial role in driving the growth of the yeast extract market in Vietnam. Innovations in fermentation and extraction technologies have enabled manufacturers to produce yeast extract more efficiently, at a lower cost, and with higher yields. These advancements have improved the quality and functionality of yeast extract, making it an even more appealing ingredient for the food and beverage industry. New techniques are also enabling better control over the flavor profiles of yeast extract, offering food manufacturers the ability to tailor the ingredient to meet specific taste requirements. Additionally, advancements in biotechnology have opened up new applications for yeast extract, including its use as a source of bioactive compounds and functional ingredients for nutraceuticals and animal feed. The ongoing development of more sustainable and eco-friendly extraction processes is further enhancing the market’s growth prospects by meeting the increasing demand for environmentally responsible production methods. The combination of improved technology, higher efficiency, and sustainable practices positions yeast extract as a versatile and competitive ingredient in Vietnam’s rapidly evolving food industry.

Growing Demand for Natural and Clean Label Ingredients

One of the significant drivers of the Vietnam Yeast Extract Market is the increasing consumer preference for natural and clean label ingredients. With consumers becoming more health-conscious and aware of the additives in their food, there has been a substantial shift toward natural ingredients that are minimally processed. Yeast extract fits perfectly within this trend as it is derived from natural fermentation processes, offering a clean and sustainable label for food manufacturers. It serves as an excellent alternative to artificial flavor enhancers, providing natural umami flavors that are both healthy and versatile in application. As a result, food and beverage manufacturers in Vietnam are increasingly incorporating yeast extract into their products to meet the growing demand for natural, clean label products. This shift not only aligns with consumer preferences but also helps manufacturers in creating products that appeal to health-conscious consumers seeking authenticity and transparency in food sourcing and ingredients.For instance, yeast extract is derived from natural fermentation processes, making it a clean and sustainable ingredient that aligns with consumer preferences for minimally processed foods. This trend is evident in Vietnam, where consumers are increasingly prioritizing products with natural ingredients and quality certifications, reflecting a broader shift towards healthier and more sustainable food options. The appeal of yeast extract lies in its ability to enhance flavors naturally, which is crucial for manufacturers looking to maintain a clean label while still delivering on taste.The integration of yeast extract into Vietnamese food products is also driven by its versatility. It can be used in a variety of applications, from soups and sauces to snacks and seasonings, making it a valuable addition to many recipes. As consumers continue to seek out healthier alternatives without compromising on flavor, the demand for yeast extract is likely to grow, supporting the expansion of the Vietnam Yeast Extract Market.

Rising Demand for Plant-Based and Vegan Products

The global rise in plant-based diets and the growing number of vegan consumers are influencing the Vietnam Yeast Extract Market. Yeast extract is inherently plant-based, making it an ideal ingredient for plant-based and vegan food products. As more Vietnamese consumers choose plant-based alternatives for ethical, environmental, and health reasons, the demand for plant-based food products is skyrocketing. Yeast extract offers a rich source of protein, vitamins, and minerals, making it a valuable ingredient in vegan food formulations such as dairy alternatives, meat substitutes, and snack foods. Moreover, its umami flavor profile makes it an effective seasoning agent, enhancing the taste of plant-based foods, which often struggle to match the flavor complexity of traditional animal-based products. As veganism and vegetarianism continue to grow in popularity in Vietnam, the demand for yeast extract in plant-based product formulations is expected to increase significantly, driving the market’s growth.For instance, the rise of veganism in Vietnam is exemplified by Ho Chi Minh City’s inclusion in the top 10 vegan-friendly cities globally, highlighting a growing demand for plant-based alternatives. Yeast extract, being inherently plant-based, is well-suited for these products, offering a rich source of nutrients and enhancing the flavor of vegan foods, which are becoming increasingly popular due to ethical, environmental, and health considerations. This trend is further supported by the increasing availability of vegan options in local restaurants and cafes, indicating a cultural shift towards more plant-based diets.The use of yeast extract in vegan products also addresses a common challenge faced by plant-based manufacturers: achieving a rich, savory flavor without animal-derived ingredients. Yeast extract’s umami taste is particularly beneficial in this context, as it can elevate the flavor profile of plant-based dishes to match or even surpass that of their traditional counterparts. As a result, yeast extract is becoming a staple ingredient in many vegan formulations, contributing to the growth of the Vietnam Yeast Extract Market.

Market Trends

Technological Advancements in Yeast Extract Production

Technological innovation is a key trend in the Vietnam Yeast Extract Market, as manufacturers continue to refine and enhance yeast extraction methods. With advancements in biotechnology and fermentation techniques, the production of yeast extract has become more efficient, cost-effective, and environmentally sustainable. Modern yeast extraction processes have improved yields, flavor profiles, and consistency, enabling manufacturers to produce high-quality yeast extract at a lower cost. Additionally, innovations such as enzymatic hydrolysis and advanced fermentation technology have enabled better control over the functional properties of yeast extract, such as its umami taste, nutritional profile, and bioactive compounds. As a result, yeast extract is becoming a more versatile ingredient that can be tailored to meet specific requirements in various food and beverage applications. These technological advancements are also driving sustainability in production, with many companies focusing on reducing energy consumption, water usage, and waste during the extraction process. As technology continues to evolve, yeast extract will play an increasingly important role in the food industry, providing manufacturers with a wide range of functional and nutritional benefits.

Growing Use of Yeast Extract in Animal Feed and Nutraceuticals

Another important trend in the Vietnam Yeast Extract Market is the growing use of yeast extract in animal feed and nutraceuticals. Yeast extract is gaining popularity as an ingredient in animal nutrition due to its high content of proteins, vitamins, and essential amino acids, which promote better growth, health, and immunity in livestock and pets. The increasing focus on improving animal feed quality and productivity, coupled with the growing demand for healthier and more nutritious animal products, is driving the adoption of yeast extract in animal nutrition. Moreover, with rising concerns over antibiotic resistance and the shift towards natural feed additives, yeast extract offers an effective alternative to synthetic growth promoters and antibiotics. It is being incorporated into animal feed formulations to enhance digestive health and improve the overall well-being of animals. Additionally, yeast extract is gaining traction in the nutraceutical industry due to its potential health benefits, such as immune system support, digestive health, and antioxidant properties. With the expanding interest in functional foods and supplements, yeast extract is increasingly being used in dietary supplements and functional foods aimed at improving human health. This dual focus on animal feed and nutraceutical applications is further boosting the demand for yeast extract in Vietnam and opening up new avenues for market expansion.

Increase in Demand for Clean Label and Natural Ingredients

A major trend in the Vietnam Yeast Extract Market is the growing consumer preference for clean label products and natural ingredients. Clean label refers to products that contain minimal ingredients, are easy to understand, and are free from artificial additives or preservatives. Consumers are increasingly seeking transparency in food labeling and are more likely to purchase products made with natural, wholesome ingredients. Yeast extract, being a naturally derived ingredient obtained through fermentation, is considered a clean and healthy alternative to synthetic flavor enhancers and preservatives.In the Vietnamese market, where consumer awareness about food quality and health is rising, food manufacturers are responding to this trend by incorporating yeast extract into various products. This includes applications in processed foods, beverages, soups, sauces, and snacks. As the clean label movement continues to gain momentum, yeast extract is poised to benefit due to its natural composition, nutritional profile, and ability to enhance flavor naturally without compromising on food quality.For instance, the growing demand for clean label and natural ingredients in Vietnam is reflected in the increasing use of yeast extract in various food products. This trend is driven by consumers seeking transparency and wholesomeness in their food choices. Yeast extract, derived naturally through fermentation, serves as a clean and healthy alternative to synthetic additives, making it a preferred choice for enhancing flavors in processed foods, beverages, soups, sauces, and snacks.

Rising Popularity of Plant-Based and Vegan Diets

The growing adoption of plant-based and vegan diets is another significant trend impacting the yeast extract market in Vietnam. As more consumers move toward plant-based and vegan lifestyles for health, environmental, and ethical reasons, the demand for plant-based food products has surged. Yeast extract, being naturally vegan, is a perfect fit for these products, which include plant-based dairy alternatives, meat substitutes, and snacks. The ingredient offers a range of benefits, including high levels of protein, B-vitamins, and essential amino acids, making it an attractive option for manufacturers of plant-based products seeking to enhance the nutritional content of their offerings.Additionally, yeast extract’s savory, umami flavor makes it an effective flavoring agent for plant-based foods, helping to replicate the taste profile of traditional animal-based products. As the vegan and plant-based food market continues to expand in Vietnam, yeast extract is increasingly utilized in the formulation of vegan-friendly products, contributing to the overall growth of the market.Similarly, the rising popularity of plant-based and vegan diets in Vietnam has led to a surge in demand for plant-based food products. Yeast extract, being naturally vegan, is well-suited for these products, offering nutritional benefits such as high protein and B-vitamin content. Its savory, umami flavor also makes it an effective agent for replicating the taste of traditional animal-based products in plant-based alternatives. As a result, yeast extract is increasingly used in the formulation of vegan-friendly products, contributing to the growth of the market.

Market Challenges

Intense Market Competition and Price Pressure

The Vietnam Yeast Extract Market is highly competitive, with several local and international players vying for market share. This intense competition leads to significant price pressure, as manufacturers try to offer more cost-effective solutions while maintaining product quality. Large multinational companies with established supply chains and production capacities can leverage economies of scale to offer lower prices, challenging smaller, local producers to compete on both cost and quality. For local producers, differentiating their products and maintaining quality while managing costs is becoming increasingly difficult. Additionally, with the rising demand for yeast extract across various industries, new entrants are continuously entering the market, further intensifying competition. This competitive environment compels producers to focus on innovation, customer service, and strategic partnerships to maintain a competitive edge. However, constant price pressures can limit profitability and hinder the ability to invest in research and development or expand production capabilities, posing a significant challenge for long-term market sustainability.

Fluctuations in Raw Material Prices

One of the key challenges faced by the Vietnam Yeast Extract Market is the volatility in the prices of raw materials, particularly yeast and other fermentation substrates. Yeast extract production relies heavily on the availability and cost of these raw materials, and any fluctuation in their prices can directly impact production costs. In recent years, disruptions in the supply chain of key ingredients have been observed due to factors such as climate change, agricultural yield fluctuations, and economic instabilities. These fluctuations can result in higher production costs, which may be passed on to consumers, potentially limiting the affordability of yeast extract products.For instance, the volatility in raw material prices for yeast extract production in Vietnam is exacerbated by climate-related challenges and inconsistent agricultural yields. These disruptions often lead to supply chain imbalances, making raw materials more expensive and unpredictable. Additionally, fluctuations in energy costs, such as electricity and water—essential for fermentation processes—further complicate production expenses. This unpredictability forces manufacturers to adapt their pricing strategies and supply chain management practices to cope with rising costs while maintaining product competitiveness. To mitigate these risks, yeast extract producers are increasingly exploring alternative raw material sourcing options and adopting innovative production methods to ensure profitability and long-term sustainability in a volatile market environment.

Market Opportunities

Expansion in Plant-Based and Vegan Product Segments

One of the most significant opportunities in the Vietnam Yeast Extract Market lies in the growing demand for plant-based and vegan products. As consumer awareness of health, sustainability, and ethical concerns rises, more Vietnamese consumers are adopting plant-based and vegan diets. Yeast extract, being a natural and vegan-friendly ingredient, presents an ideal solution for manufacturers seeking to cater to this burgeoning market. Its rich nutritional profile, including protein, B-vitamins, and essential amino acids, makes it an attractive ingredient for plant-based product formulations, such as meat substitutes, dairy alternatives, and snacks. Furthermore, its savory, umami flavor profile can help replicate the taste and mouthfeel of traditional animal-based products. As the vegan and plant-based food market continues to expand in Vietnam, yeast extract offers an opportunity for producers to innovate and capture a larger share of this rapidly growing segment.

Growing Demand for Functional Foods and Nutraceuticals

The increasing consumer interest in health and wellness is creating a significant opportunity for yeast extract in the functional foods and nutraceuticals markets. Yeast extract is rich in bioactive compounds, including peptides, vitamins, and minerals, which offer various health benefits such as immune support, digestive health, and antioxidant properties. With the rising demand for functional foods that promote well-being, yeast extract can be incorporated into a wide range of dietary supplements, functional beverages, and fortifiable food products. This trend is particularly relevant in Vietnam, where consumers are increasingly focused on preventive health and natural alternatives to synthetic supplements. As the functional food and nutraceutical sectors continue to grow, yeast extract presents a valuable ingredient for manufacturers seeking to meet these emerging consumer needs.

Market Segmentation Analysis

By Type

The market is primarily divided into two types: Powder and Paste. Among these, the Powder segment holds a significant market share due to its ease of use and versatility in various applications, particularly in the food and beverage industry. Powdered yeast extract is widely preferred by manufacturers because it is easy to store, transport, and incorporate into food formulations. The Paste segment, while smaller, is still growing as it is highly valued in applications that require higher concentrations of yeast extract or those that demand a smoother, more consistent texture. Paste yeast extract is commonly used in the production of sauces, soups, and other savory products where its viscosity plays a critical role in enhancing the flavor and consistency of the final product.

By Application

Yeast extract is used in a variety of applications, including Food & Beverages, Pharmaceuticals, Animal Feed, and Others.The Food & Beverages segment dominates the market, accounting for the largest share due to the growing demand for natural flavor enhancers in processed foods, snacks, and beverages. Yeast extract’s ability to provide a rich, savory, umami flavor makes it a key ingredient in soups, sauces, seasonings, and ready-to-eat meals.The Pharmaceuticals segment is expanding as yeast extract is increasingly used in the production of supplements and functional foods due to its nutritional profile and health benefits, including immune support and digestive health.In the Animal Feed segment, yeast extract is gaining traction as a valuable ingredient due to its high protein content and beneficial effects on animal growth and immunity.The Others category includes applications in cosmetics, biofuels, and fermentation processes, where yeast extract is utilized for its bioactive compounds.

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

North Vietnam
Central Vietnam
South Vietnam

Regional Analysis

Southern Region (50%)
The Southern region, including major economic hubs such as Ho Chi Minh City, leads the Vietnam Yeast Extract Market, accounting for approximately 50% of the market share. This region is home to Vietnam’s largest industrial base and has the most developed food and beverage processing sector. As the demand for processed foods, snacks, and convenience items continues to rise, the need for flavor enhancers like yeast extract is also growing. Additionally, the increasing number of multinational food manufacturers and global brands operating in this region has accelerated the adoption of yeast extract in various food applications, including soups, sauces, and savory snacks. The presence of well-established distribution channels and modern retail outlets also contributes to the dominance of the southern region in the yeast extract market.

Northern Region (30%)
The Northern region, including key cities like Hanoi, holds a market share of around 30%. While this region’s market share is smaller compared to the South, it is still witnessing steady growth due to rising consumer demand for convenience foods, processed products, and health-focused food alternatives. Northern Vietnam is also seeing increasing industrialization, which has led to the expansion of food production facilities and a rise in the demand for high-quality ingredients like yeast extract. The region’s growing awareness of health and wellness is driving the inclusion of natural and functional ingredients in food products, further supporting the yeast extract market’s development.

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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 Vietnam Yeast Extract Market is highly competitive, with several global and regional players vying for market share. Companies like Lesaffre Group, DSM N.V., and Lallemand Inc. are among the key leaders, leveraging their extensive experience in fermentation technology and large-scale production capabilities. These players benefit from strong global distribution networks, brand recognition, and a broad range of product offerings catering to various industries, including food, beverages, and animal feed. Regional players such as Specialty Biotech Co., Ltd. and Zhejiang Zhongguan Biotechnology Co., Ltd. are also gaining ground by focusing on localized production, cost efficiency, and tailored solutions for the Vietnamese market. As competition intensifies, companies are focusing on innovation, sustainability, and meeting the rising demand for natural and clean-label ingredients. Strategic collaborations, investments in R&D, and expansion of production facilities are some key strategies being employed to stay ahead in this growing market.

Recent Developments

In June 2024, Lallemand acquired BASF’s bioenergy enzymes business, enhancing its capabilities in bioethanol production. While not directly related to yeast extract, this move strengthens Lallemand’s position in the broader yeast market.

In June 2024, Lesaffre acquired DSM-Firmenich’s yeast extract business, expanding its presence in the savory ingredients market. This acquisition enhances Lesaffre’s capabilities in yeast extracts globally, including potential impacts on its US operations.

In February 2025, Corbion reported increased sales and adjusted EBITDA in 2024, though specific developments in the US yeast extract market are not mentioned.

Market Concentration and Characteristics

The Vietnam Yeast Extract Market exhibits a moderate level of concentration, with a mix of both global and regional players dominating the landscape. Large multinational companies such as Lesaffre Group, DSM N.V., and Lallemand Inc. hold a significant share due to their extensive production capabilities, global distribution networks, and strong brand presence. However, regional players like Specialty Biotech Co., Ltd. and Zhejiang Zhongguan Biotechnology Co., Ltd. are also making their mark by focusing on cost-effective production and providing customized solutions tailored to local market needs. The market is characterized by high competition, with companies constantly innovating in terms of product offerings, sustainability practices, and catering to the growing demand for clean-label, natural ingredients. Despite the presence of major players, the market still provides opportunities for local producers to capitalize on the rising demand for yeast extract in the food, beverage, and nutraceutical industries.

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 Vietnam Yeast Extract Market is expected to grow steadily due to increasing demand for natural flavor enhancers and plant-based food products. Market forecasts predict a strong compound annual growth rate (CAGR), with steady expansion through 2032.

Consumers’ preference for clean label products will drive the demand for natural ingredients like yeast extract. Clean labels and transparency in food labeling are expected to dominate market trends.

With the growing popularity of vegan and plant-based diets, yeast extract will see heightened demand in plant-based food formulations. The ingredient will continue to play a key role in enhancing the flavor of meat substitutes and dairy alternatives.

Technological innovations in fermentation and extraction processes will enable manufacturers to produce yeast extract more efficiently. These advancements will enhance product quality, reduce costs, and promote sustainability in production.

The growing focus on health and wellness will fuel yeast extract’s use in functional foods and dietary supplements. Its nutritional profile, including proteins and vitamins, makes it a preferred choice for nutraceutical formulations.

While the Southern region dominates, the Northern and Central regions are expected to experience substantial growth. Urbanization and rising disposable incomes in these regions will increase yeast extract demand across food and beverage sectors.

Intense competition between global players like Lesaffre Group and regional manufacturers will drive innovation. Companies will focus on product diversification, sustainable practices, and strategic partnerships to capture market share.

Vietnamese consumers’ growing awareness of health and nutrition will fuel the demand for natural, high-protein, and functional food ingredients. Yeast extract’s nutritional benefits will make it a key ingredient in health-oriented products.

Sustainability in production will become a priority for yeast extract manufacturers. There will be a stronger emphasis on reducing waste, conserving energy, and sourcing raw materials sustainably to align with global sustainability trends.

The yeast extract market will benefit from the increasing use of yeast in animal feed. The demand for healthier and more nutritious feed will spur the adoption of yeast extract in the animal nutrition sector.

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. Vietnam 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 Vietnam 30

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

5.2. Export Analysis by Vietnam 31

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 32

6.1. Demand Analysis by Vietnam 32

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

6.2. Supply Analysis by Vietnam 33

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 34

7.1. Production Analysis by Vietnam 34

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

CHAPTER NO. 8 : PRICE ANALYSIS 35

8.1. Price Analysis by Type 35

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

8.1.2. Vietnam 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. Vietnam Yeast Extract Market: Company Market Share, by Volume, 2023 39

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

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

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

11.3. Vietnam Yeast Extract Market Company Volume Market Share, 2023 42

11.4. Vietnam 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

Vietnam 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 – VIETNAM ANALYSIS 68

16.1. Type 68

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

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

16.3. Application 69

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

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

16.4. Source 70

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

16.4.2. Vietnam 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. Vietnam Yeast Extract Market Revenue, 2018 – 2032 (USD Million) 21

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

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

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

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

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

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

FIG NO. 8. Vietnam 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 Vietnam 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. Vietnam Yeast Extract Market for Powder, Revenue (USD Million) 2018 – 2032 52

FIG NO. 24. Vietnam 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. Vietnam Yeast Extract Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 58

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

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

FIG NO. 32. Vietnam 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. Vietnam Yeast Extract Market for Baker’s Yeast, Revenue (USD Million) 2018 – 2032 66

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

List of Tables

TABLE NO. 1. : Vietnam 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. : Vietnam Yeast Extract Market Revenue, By Type, 2018 – 2023 35

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

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

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

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

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

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

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

Frequently Asked Questions

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

The Vietnam Yeast Extract Market is expected to be valued at USD 6.160 million in 2024 and reach USD 11.091 million by 2032. The market will grow at a compound annual growth rate (CAGR) of 7.63% from 2025 to 2032.

What are the key drivers of growth in the Vietnam Yeast Extract Market?

The market is driven by increasing demand for clean label products, the rising popularity of vegan diets, and innovations in yeast extraction technologies. The growing awareness of yeast extract’s nutritional benefits is also a key growth factor.

What role do multinational companies play in the Vietnam Yeast Extract Market?

Multinational companies like DSM, Lesaffre, and Angel Yeast are key players in the Vietnam Yeast Extract Market. They contribute to market growth through innovation, strategic partnerships, and expanding production capacities to meet growing demand.

How is urbanization influencing the Vietnam Yeast Extract Market?

Increasing urbanization and a growing middle class in Vietnam are driving demand for processed foods, which in turn boosts the use of yeast extract in food products. This trend contributes to the overall market expansion.

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