Yeast Extract Price Trend and Forecast

Yeast Extract Regional Price Overview

Get the latest insights on price movement and trend analysis of Yeast Extract in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Yeast Extract Price Trend for the First Half of 2024

In the first half of 2024, the trend in yeast prices has been a significant cause of concern for the food and bakery sectors, contributing to the overall inflationary pressures despite a general decline in food inflation. While food inflation dipped marginally in June’24 and has been slowing for a few months, the costs of essential raw materials like yeast continue to rise. Yeast prices have surged significantly, affecting the cost of production for bread and cereals.
 

Yeast Extract Price Chart

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This increase has forced bakeries to adjust by reducing the quantity of bread loaves or increasing prices to offset these costs. Despite the overall trend of slowing inflation, the persistent rise in yeast prices underscores the challenges faced by the bakery industry in maintaining stable pricing and product quantity. This situation reflects the broader issue of cost pressures within the food sector, even when the inflation in other sectors stabilizes.

Analyst Insight

According to Procurement Resource, the next few months are expected to perform similarly for Yeast Extract prices as the upstream and downstream dynamic normalizes.
 

Yeast Extract Price Trend for the Second Half of 2023

The yeast extract market was observed to be behaving in a very positive manner throughout the said period of H2’23. The yeast extract price trend aligns very closely with the feedstock yeast’s price trend. Since the general interest in health and lifestyle is rising, more people are opting for vegetarian and plant-based eating choices. So, many manufacturers in the food and beverage industries have now started to explore ways to integrate yeast extract into their products.

Especially, the baking sector is increasingly consuming yeast extract to develop more vegan products. Yeast extract has an added advantage with its protein content since the vegan lifestyle is questioned for protein fulfillment. So, with increased consumer and industrial interests, the yeast extract prices surged for the entire six months span of H2’23.

Analyst Insight

According to Procurement Resource, the Yeast Extract market is exhibiting rising trends for the coming months; the prices are projected to rise moving forward.

Procurement Resource provides latest prices of Yeast Extracts. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.