Projected Revenue Growth:
The Yeast Market was valued at USD 5.13 Bn in 2023 and is expected to reach USD 9.75 Bn by 2030, at a CAGR of 9.61 % during the forecast period.
What is Yeast Market scope?
The yeast market is witnessing robust growth, driven by increasing demand across various industries, including food and beverages, pharmaceuticals, and animal feed. Yeast is essential in baking, brewing, and winemaking due to its fermentation capabilities, contributing to the production of bread, alcoholic beverages, and biofuels. The rise of processed and organic food, coupled with increasing consumer awareness of probiotics and nutritional yeast, is significantly boosting market expansion. Additionally, innovations in synthetic yeast and the growing trend of home baking further propel this market’s growth potential.
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Yeast Market Trends:
Key trends shaping the yeast market include the rise of synthetic yeast development for industrial applications, aimed at improving food processing efficiency and sustainability. The growing popularity of nutritional yeast, especially among the vegan population, is also contributing to market growth. Additionally, advancements in probiotics derived from yeast are gaining traction due to their health benefits, such as boosting immunity and digestive health. The increasing use of yeast in fermented food products, combined with innovations in yeast genetics, further enhances its commercial applications across multiple sectors.
What are Yeast Market Dynamics?
The need for yeast products has increased significantly as baked goods like bread, cakes, biscuits, cookies, and so on become more and more popular worldwide. The global yeast market is greatly boosted by shifting consumer behaviors, rising food and beverage spending power, packaged food consumption, and the appeal of baking and confections to people all over the world. In the presence of oxygen, yeast breaks down sugar into energy, biomass, and carbon dioxide. Yeast is frequently utilized in the creation of bread, cheese, vinegar, sourdoughs, fermented food products, and vegetables. It provides an abundant source of vitamins and other nutritional proteins.
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How is the Europe Yeast Market Expected to grow?
Europe is expected to maintain its dominance in the yeast market, driven by the growth of processed food and bakery industries. The region’s rising disposable income, changing consumer lifestyles, and high demand for baked goods and alcoholic beverages are fueling this growth. Countries like Germany are leading the charge due to increased investments in food supplement companies and research into innovative yeast applications. With a well-established bakery sector and significant advancements in product innovation, Europe remains a key hub for yeast production and consumption.
what is the expected growth of Yeast Market by Application segmentation?
The market is divided into three segments based on application: food, feed, and other. Throughout the projection period, the food segment is anticipated to maintain its dominant market position, having done so in 2023. The increasing consumption of bakery products is expected to contribute to the food segment’s predicted bigger proportion. This market is expected to increase in the food industry because to the rising demand for clean-label and free-from products and the rising consumption of organically extracted ingredients.
What is Yeast Market Segmentation?
by Type
Baker’s Yeast
Brewer’s Yeast
Probiotics Yeast
Wine Yeast
Other
by Form
Dry Yeast
Instant Yeast
Fresh Yeast
by Application
Food
Feed
Other
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What are the Key Players for Yeast Market?
1. Associated British Foods plc (U.K)
2. White Labs (San Diego)
3. Angel Yeast (China)
4. Keliff’s (Cleveland, Ohio)
5. American International Foods, Inc. (Michigan)
6. Cofalec (France)
7. Lallemand Inc. (Canada)
8. Lesaffre (France)
9. Leiber GmbH (Germany)
10. Novozymes (Denmark)
11. Koninklijke DSM N.V. (The Netherlands)
12. Kerry Group PLC (Ireland)
13. Synergy Flavors (U.S.)
14. Kothari Fermentation and Biochem Ltd. (India)
15. Omega Yeast Labs LLC (US)
16. Pak Group (U.S.)
17. Oriental Yeast Co. Ltd. (Japan)
18. BSG Craft Brewing (U.S.)
19. London Dairy Co. Ltd (UK)
20. Lantmännen Unibake (Denmark)
21. Europastry S.A. (Spain)
22. Others
Key Offerings:
- Past Market Size and Competitive Landscape
- Yeast Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Yeast Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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