Yeast & Bacteria for Food Production in the US - Industry Market Research Report
Description
Yeast & Bacteria for Food Production in the US
Producers of yeast and bacteria for making food have faced more volatile conditions through the end of 2023. While traditional markets for yeast and bacteria like beer production have grown, demand from downstream bakeries has edged downward as recent health trends have led consumers to moderate their consumption of baked goods. Still, consumption of these staple products fluctuates little from year to year, representing a steady flow of demand for manufacturers of yeast and bacteria used in food production. Meanwhile, new markets for products have emerged. Craft beer brewing, which often boasts specialized strains of yeast, has boomed through the end of 2023, creating a wave of demand for yeast and bacteria. Also, health benefits of probiotic bacteria in dairy products like yogurt have also been touted by nutritional science, boosting demand. In turn, IBISWorld projects yeast and bacteria production revenue to dip at CAGR of 0.2% to $906.9 million through the end of 2023. Although the economy continues to recover from the pandemic, revenue will drop at a projected 0.7% in 2023.
Producers of yeast and bacteria used for food production include 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.
Producers of yeast and bacteria for making food have faced more volatile conditions through the end of 2023. While traditional markets for yeast and bacteria like beer production have grown, demand from downstream bakeries has edged downward as recent health trends have led consumers to moderate their consumption of baked goods. Still, consumption of these staple products fluctuates little from year to year, representing a steady flow of demand for manufacturers of yeast and bacteria used in food production. Meanwhile, new markets for products have emerged. Craft beer brewing, which often boasts specialized strains of yeast, has boomed through the end of 2023, creating a wave of demand for yeast and bacteria. Also, health benefits of probiotic bacteria in dairy products like yogurt have also been touted by nutritional science, boosting demand. In turn, IBISWorld projects yeast and bacteria production revenue to dip at CAGR of 0.2% to $906.9 million through the end of 2023. Although the economy continues to recover from the pandemic, revenue will drop at a projected 0.7% in 2023.
Producers of yeast and bacteria used for food production include 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.
Table of Contents
46 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
