Yeast Extract Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

Yeast Extract Price Forecast

Yeast extract prices are expected to be impacted by the imposition of export duty on molasses export by India. However, this trend is not only limited to India, as countries around the world are focusing on the usage of molasses for ethanol production in order to reach their sustainability goals. As molasses is a primary feedstock for yeast production, the increased domestic retention could reduce global supply, potentially causing an uproar in the yeast extract market. However, the current conditions of the food and additives sector and the substantial decline in their pricing forecast might assert a negative influence on the price outlook of yeast extract. Furthermore, any disruptions in the supply chain or adverse weather conditions affecting crop yields could escalate these tensions.

Market Dynamics

The Indian government has imposed a 50% export duty on molasses, a by-product of sugarcane, during the first quarter of 2024 to address a sugarcane shortage caused by erratic monsoon rains. This move might alter the supply chain functioning for the production of yeast extract in countries dependent on raw material imports. This strategic measure by the government aims to regulate domestic supply and demand, ensuring sufficient availability for ethanol production, which is crucial for meeting the E20 target of 20% ethanol-blended petrol by 2025-26. India, the world's largest molasses exporter, is targeting enhanced domestic ethanol production amid rising global molasses prices and domestic sugar shortages. Industry associations have also supported this move to curb exports.

Annual Outlook for the Yeast Extract Industry

The food additives market in 2024 is expected to oscillate, driven by fluctuating raw material prices, regulatory changes, and evolving consumer preferences. Overall, the global market is likely to see growth, supported by increased consumption of processed foods, beverages, and functional foods. A key factor influencing the market will be the stability of supply chains, particularly for essential raw materials like corn, sugar, and molasses. The recent imposition of a 50% export duty on molasses in India to address sugarcane shortages underscores the importance of regulatory measures in shaping market conditions. This duty aims to ensure domestic availability for ethanol production but could indirectly affect the availability and cost of molasses-based additives, including yeast extract. The rising cost of natural gas, another critical input for the fermentation processes used in yeast extract production, may also contribute to the bleak price outlook of the commodity. However, the overall outlook for the food additives market remains positive, driven by innovation and the ongoing demand for healthier, natural food ingredients.

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