Yeast & Bacteria for Food Production
The Yeast and Bacteria for Food Production industry has flourished over the past five years. Traditional markets for industry products, especially bread production and beer production, have remained steady over the five years to 2018. Consumption of these staple products fluctuates little from year to year, representing a steady flow of demand for industry manufacturers. Meanwhile, new markets for products have emerged. Craft beer brewing, which often boasts specialized strains of yeast, has boomed over the past five years, creating a wave of demand for industry products. Over the five years to 2023, imports will continue to capture a major share of demand, but production in the United States is also expected to pick up. Demand from specific markets will spur increased production in the industry, including demand for animal feed yeast, a health supplement that represents a lower-cost alternative to veterinary medicine.
This industry comprises establishments primarily engaged in producing yeasts and bacteria used in human and animal food and beverages as flavor enhancers, bakery goods, brewing and health and dietary supplements.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.