Global Yeast and Yeast Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Yeast and Yeast Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global yeast ingredients market is growing at a CAGR of 7.8% during the forecast period (2020-2025).

Key Highlights

• The market is driven by the increased demand for processed food & beverages due to the rising effect of busy lifestyles in developing countries. In addition, its benefits in usage in other sectors have substantially boosted the demand for yeast ingredients. For pet food applications, yeast ingredients are used for making in-situ flavors, savory aroma, and enhance the taste, which results in increased palatability. Also, in developing countries, the yeast ingredients market is also evolving in response to the rapidly increasing demand for livestock products.
• On the segmentation font by type, the yeast extract segment dominated the market, holding the largest share owing to the increase in consumer preference for savory food products and flavors. On the segmentation font by application, the yeast ingredients market is driven by the food and beverage segment, followed by the pharmaceutical sector.
• However, one of the major factors restraining the global market is the shortage of basic raw material, with the demand coming from various sectors, due to molasses trading restrictions in the countries of Europe. Another reason for this shortage is the large threat for bio-fuel competition, as the prices of bio-fuels are high.

Key Market TrendsRising Consumer Preferences For Bakery Goods

The bakery and confectionery sector has been witnessed with a significant growth, thus substantially boosting the yeast and yeast ingredients market globally. The convenience, accessibility and nutrition profile associated with them are the major factors of their sustenance in the modern market. Their significance as a major portion of diet has been prevalent in middle to lower income group countries. Bread has been a staple diet of many local cuisines worldwide and has shown a remarkable growth even during the period of global economic crisis. In addition, the rising trend of “Natural nutrition”, “healthy living” and “organic products” has significantly raised the consumers’ demand on whole wheat, light, natural and additive-free products. In recent years, the growth in sales of packaged, whole wheat, whole meal, gluten-free and natural products is an important indication of this new and healthy living sense.

Asia Pacific region to drive the market

The Asia-Pacific is witnessed to account for the largest share in the yeast and yeast ingredients market. The region is driven by the developing countries, such as India, and China, where China accounted for the major market of yeast ingredients in 2014. On account of these factors, the growth of the yeast ingredients market is projected to increase during the forecast period. The consumption of food & beverage products in the region is rising steadily, driven by the growing population, rising incomes, and increasing urbanization. All these factors support the growth of niche markets such as food ingredients, including yeast ingredients.

Competitive Landscape

The yeast ingredients market is highly competitive in nature having a large number of domestic and multinational players competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, merger, expansion, acquisition, and partnership with other companies are the common strategies to enhance the company presence and boost the market. The major players in global yeast and yeast ingredients market include Associated British Foods plc, DSM, Angel Yeast Co. Ltd, Lesaffre Yeast Corporation, and Lallemand Inc. amongst others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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