Global Yeast Market Insights
Global Yeast Market size was valued at USD 4362.6 million in 2021 and is poised to grow from USD 4755.65 million in 2022 to USD 9337.73 million by 2030, growing at a CAGR of 8.8% in the forecast period (2023-2030).
Yeast is one of the most versatile microbes, and its services are used in the pharmaceutical and food and beverage sectors to manufacture their products. It is high in protein, B vitamins, and minerals like chromium, selenium, copper, and zinc. Because of its capacity to improve fermentation and contribute aroma, taste, texture, and flavor to food, yeast is employed in the food and beverage sector. Because of its ability to successfully aid carbon release, yeast is regarded as the most consistent fermenting agent accessible globally. It is employed as a biofuel and food supplement in the biotechnology and pharmaceutical industries, respectively.
Yeast has a short shelf life and a wide range of applications in the food and beverage industries. Increased bakery and alcoholic beverage consumption is driving the global market. The global market is being shaped by an increasing preference for a healthy lifestyle, as well as the consumption of nutritious and necessary quantities of vitamins and minerals. Because it has just achieved a large client base, there is a significant need for enrichment choices. Further, organic and specialty markets have also gained substantial traction among the users owing to the wide market applications.
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Analysis:
Global Yeast Market Segmental Analysis
Global Yeast market is segmented based on nature, type, form, genus, application, distribution channel, and region. Based on the nature, the Yeast Market is segmented into organic and conventional. Based on the type, the Yeast Market is segmented into baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast. Based on the form, the Yeast Market is segmented into active, instant, fresh. Based on the genus, the Yeast Market is segmented into saccharomyces, kluyveromyces. Based on the application, the Yeast Market is segmented into food, feed, beverages. Based on the distribution channel, the Yeast Market is segmented into offline, online. Based on the region Yeast Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Yeast Market Analysis by Type
Based on the yeast market type, it is segmented into baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast. Among these, the baker’s yeast segment of the market is projected to hold the most substantial share in the market. This is due to baker's yeast's low cost and wide range of applications in industries such as food and feed. The expansion of the baker's yeast market is closely related to the increase in bakery item consumption. The rise in bakery product consumption, particularly bread, in developed nations is expected to drive the expansion of the baker's yeast industry. Furthermore, the All-India Bread Manufacturers Association (AIBMA) estimates that India's per capita bread consumption is between 1.5 and 1.75 kg. As a result, increased consumption of bakery products, notably bread, adds to the market growth of the baker's yeast segment throughout the forecast period.
Yeast Market Top Player’s Company Profiles
- AB Mauri
- Lesaffre
- Angel Yeast Co. Ltd.
- Lallemand Inc.
- Koninklijke DSM N.V.
- Oriental Yeast Co. Ltd.
- Kerry Group
- Chr. Hansen Holding A/S
- Pak Group
- Biorigin
- Leiber GmbH
- Alltech Inc.
- Synergy Flavors
- Levex
- DCL Yeast Ltd.
- ICC Brazil
- Kothari Fermentation and Biochem Ltd.
- Kemin Industries Inc.
- Ohly
- Associated British Foods plc (ABF Ingredients)
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