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Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotic Yeast), Application (Food, Feed), Form (Fresh, Instant, Active), Genus (Saccharomyces, Kluveromyces), Yeast extract (Qualitative) and Region - Global Forecast to 2029

Publisher MarketsandMarkets
Published Mar 26, 2024
Length 267 Pages
SKU # MKMK18694813

Description

Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotic Yeast), Application (Food, Feed), Form (Fresh, Instant, Active), Genus (Saccharomyces, Kluveromyces), Yeast extract (Qualitative) and Region - Global Forecast to 2029



The global yeast market is estimated to be valued at USD 5.5 billion in 2024 and is projected to reach USD 8.5 billion by 2029 at a CAGR of 8.9%. Yeast, a crucial ingredient in bread-making, plays a central role in determining the texture, flavor, and rise of baked goods. As the demand for bread continues to rise, driven by factors such as the popularity of artisanal and specialty breads, the home baking trend, and consumers' preference for natural and clean-label ingredients, there is a parallel increase in the demand for yeast. The increasing import figures for bread worldwide, from USD 38.7 million in 2020 to USD 44.3 million in 2021 and further to USD 49.7 million in 2022, indicate a growing demand for bakery products on the global scale. This upward trend in bread imports presents a significant opportunity for yeast products within the food industry.

Moreover, the expanding market for plant-based and alternative proteins further amplifies the opportunities for yeast-derived ingredients in food applications. With technological advancements enhancing the efficiency and versatility of yeast production, manufacturers are well-positioned to capitalize on these rising opportunities within the food industry, leveraging yeast products to meet the evolving demands of consumers worldwide.

“Fresh form dominating within the form segment of the yeast market.”

The increasing demand for fresh yeast stems from several factors, particularly its unique characteristics and advantages within the baking and confectionery industries. Unlike other forms of yeast, such as active or instant, fresh yeast offers distinct benefits that cater specifically to the needs of bakers and pastry chefs.

Fresh yeast is prized for its natural extraction process. It is derived from natural sources and undergoes minimal processing, preserving its inherent qualities. This natural origin appeals to consumers seeking wholesome, minimally processed ingredients in their baked goods. The rising demand for fresh yeast underscores its indispensable role in the bakery and confectionery sectors. Its natural origin, nutritional benefits, flavor-enhancing properties, and versatility in baking applications make it a preferred choice for consumers and professional bakers alike. As a result, the fresh yeast segment is poised for significant growth in the foreseeable future.

“Changes in dietary choices have positioned Europe as a dominating region in the yeast market.”

The demand for yeast products in Europe has experienced a notable upsurge in recent times, fueled by several factors. One significant driver has been the rising trend of home baking, particularly accentuated during the COVID-19 pandemic. This surge in home baking has led to a heightened consumption of yeast for bread-making purposes as individuals sought solace and satisfaction in the art of baking. According to the COFALEC (Confederation of European Yeast Producers), Europe produces 35% of the yeast worldwide. 475 million Europeans consume, on a daily basis, food & drink products that are made using yeast, such as bread, beer, or wine.

Concurrently, there has been a growing recognition of the health benefits associated with fermented foods, including those containing yeast. With its probiotic properties and contributions to gut health, yeast has garnered increased attention among health-conscious consumers. With its versatility and widespread applicability, yeast continues to be a sought-after ingredient, promising sustained growth and innovation in the European market.

The break-up of the profile of primary participants in the yeast market:

By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%

By Designation: CXO’s – 20%, Managers – 50%, Executives- 30%

By Region: North America – 25%, Europe – 20%,Asia Pacific – 30%, South America – 15% and Rest of the World –10%

Prominent companies ADM (US), Associated British Foods plc (UK), Alltech (US), AngelYeast Co., Ltd (China), Lallemand Inc. (Canada) among others.

Research Coverage:

This research report categorizes the yeast market by type (brewer’s yeast, baker’s yeast, wine yeast, probiotic yeast, other types), by applications (food, feed, other applications), form (fresh, instant, active), by yeast extract (Qualitative) and Region (North America, Europe, Asia Pacific, South America, RoW).

The report covers information about the key factors, such as drivers, restraints, opportunities, and challenges impacting the growth of the yeast market. It also provides a detailed analysis of the major players in the market including their business overview, products offered; key strategies; partnerships, new product launches, and acquisitions. Competitive benchmarking of upcoming startups in the yeast market is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall yeast market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Expansion of the bakery industry worldwide), restraints (Concerns regarding allergenic potential of yeast), opportunities (Strategic collaborations and partnerships between yeast manufacturers & other players), and challenges (Difficulty in achieving consistent product quality and performance due to variations in raw materials, fermentation conditions, and strain characteristics) influencing the growth of the yeast market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the yeast market.

Market Development: Comprehensive information about lucrative markets – the report analyses the yeast market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the yeast market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ADM (US), Associated British Foods plc (UK), Alltech (US), AngelYeast Co., Ltd (China), Lallemand Inc. (Canada), ICC (Brazil), Leiber (Germany), Lesaffre (France) among others in the yeast market strategies. The report also helps stakeholders understand the yeast market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

267 Pages
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
    • UNITS CONSIDERED
    • STAKEHOLDERS
    • SUMMARY OF CHANGES
    • RESEARCH DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS AND RISK ASSESSMENT
    • RECESSION IMPACT ANALYSIS
    • YEAST MARKET SHARE SNAPSHOT, 2024 VS. 2029 (USD MILLION)
    • ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN YEAST MARKET
    • ASIA PACIFIC: YEAST MARKET, BY FORM AND COUNTRY
    • YEAST MARKET, BY APPLICATION
    • YEAST MARKET, BY FORM
    • YEAST MARKET, BY GENUS
    • YEAST MARKET, BY TYPE
    • YEAST MARKET, BY FORM AND REGION
    • YEAST MARKET: KEY COUNTRIES
    • INTRODUCTION
    • MACROECONOMIC INDICATORS
    • MARKET DYNAMICS
    • INTRODUCTION
    • SUPPLY CHAIN ANALYSIS
    • VALUE CHAIN ANALYSIS
    • TRADE ANALYSIS
    • TECHNOLOGY ANALYSIS
    • PRICING ANALYSIS
    • ECOSYSTEM/MARKET MAP
    • TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    • PATENT ANALYSIS
    • KEY CONFERENCES & EVENTS
    • TARIFFS AND REGULATORY LANDSCAPE
    • PORTER’S FIVE FORCES ANALYSIS
    • KEY STAKEHOLDERS AND BUYING CRITERIA
    • CASE STUDY ANALYSIS
    • INTRODUCTION
    • BREWER’S YEAST
    • BAKER’S YEAST
    • WINE YEAST
    • PROBIOTIC YEAST
    • OTHER TYPES
    • INTRODUCTION
    • FOOD & BEVERAGES
    • FEED
    • OTHER APPLICATIONS
    • INTRODUCTION
    • INTRODUCTION
    • INTRODUCTION
    • YEAST AUTOLYSATES
    • YEAST HYDROLYSATES
    • YEAST CELL WALL
    • INTRODUCTION
    • NORTH AMERICA
    • EUROPE
    • ASIA PACIFIC
    • SOUTH AMERICA
    • REST OF THE WORLD (ROW)
    • OVERVIEW
    • REVENUE ANALYSIS
    • MARKET SHARE ANALYSIS
    • KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
    • COMPANY VALUATION AND FINANCIAL METRICS
    • BRAND/PRODUCT COMPARISON
    • COMPANY EVALUATION MATRIX: KEY PLAYERS
    • COMPANY EVALUATION MATRIX: START-UPS/SMES
    • COMPETITIVE SCENARIO
    • KEY PLAYERS
    • OTHER PLAYERS
    • INTRODUCTION
    • LIMITATIONS
    • FEED YEAST MARKET
    • SPECIALTY YEAST MARKET
    • DISCUSSION GUIDE
    • KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
    • CUSTOMIZATION OPTIONS
    • RELATED REPORTS
    • AUTHOR DETAILS
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