Global Yeast Market

Yeast Market Size, Share, Growth Analysis, By Nature(Organic and Conventional), By Type(Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotics Yeast), By Form(Active, Instant, Fresh), By Genus(Saccharomyces, Kluyveromyces), By Application(Food, Feed, Beverages), By Distribution Channel(Offline, Online), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30C2067 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 168 | Figures: 79

Yeast Market News

  • In September 2022, Angel Yeast Co., Ltd. launched the new dry yeast product Premium Dry Yeast to address the baking challenges at Bakery China 2022 -- a global largest event serving the entire value chain for the bakery and confectionery market.
  • In January 2020, Lesaffre Group established a new baking center in Abidjan, West Africa, for its subsidiary, Lesaffre Ivoire, to provide innovative bread-making solutions. This new facility would allow the company to better service its customers in West Africa, boost manufacturing capacity, and broaden its geographic reach.
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Yeast Market size was valued at USD 4362.6 million in 2019 and is poised to grow from USD 4755.65 million in 2023 to USD 9337.73 million by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. '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)'

Yeast products are in high demand due to the expanding popularity of baking items such as bread, cakes, biscuits, cookies, and so on around the world. Changing lifestyles, increased spending capacity on food and beverages, packaged food consumption, and the appeal of baking and confectionery among consumers worldwide drive the yeast industry. In the presence of oxygen, yeast turns sugar into energy, biomass, and carbon dioxide. Because yeast is a good source of vitamins and other dietary proteins, it can be used to make bread, cheese, vinegar, sourdoughs, fermented foods, and vegetables. Furthermore, increased vegan demand for nutritional yeast is producing revenue streams for market participants. Furthermore, an increased demand for feed has also upsurged the demand for feed yeast market; which significantly creates a scope for the market.

Rising demand for organic yeast will help the industry grow: With the increase in demand for organic products, consumers are gradually adding organic foods into their regular diet. Organic yeast is grown and processed using organic farming methods. Organic agriculture supplies the raw materials for yeast development. Organic yeast, as opposed to conventional yeast, uses a plant-based nitrogen source instead of ammonia or similar compounds. Various plant-derived compounds are used in the fermentation process to provide the yeast with all of the nutrition it needs to thrive. However, organic yeast has a lower value share than conventional yeast products, but it is expected to gain traction in the next years due to increased urbanization and consumer health awareness.

In 2021, the European region is expected to have the biggest share of the market. The European region's processed food and bread businesses are experiencing considerable expansion as customers' lifestyles change and disposable income levels rise. The European market is expanding rapidly as a result of rising consumption of processed foods, increased alcohol consumption, and increased knowledge of the nutritional potential of yeast. The European Union market is mostly focused on bread production applications. Increased consumption of cakes, bread, pastries, and alcoholic beverages has increased demand in European countries. Further, due to developments in technology and innovation in food ingredients, as well as increased consumption, as well as growing inventive businesses and people's lifestyles, the United States is predicted to lead the market in North America. China dominates the Asia-Pacific region as the country's need for bioethanol as a fuel, as well as bakery items and convenience foods, grows. Further, there are ample opportunities for the market in India owing to the growing awareness of the feed and nutritional yeast market.

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Global Yeast Market

Report ID: SQMIG30C2067

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