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

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).

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.

US Yeast Market is poised to grow at a sustainable CAGR for the next forecast year.