The Yeast Market has been growing at a faster pace with significant growth rates during the last few years and is anticipated to grow significantly in the forecast period from 2021 to 2027.
The global Yeast Market was valued at 3.88 billion in 2019 and is projected to reach USD7.22 billion by 2027, growing at a CAGR of 8.7% from 2020 to 2027.
Yeast is one of the most widely used micro-organisms for manufacturing food & beverages. It is used in the process of fermentation and imparts a better texture, taste, and aroma to the food products. This product has witnessed growing demand courtesy an increase in the consumption of functional bakery foods and alcoholic beverages.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing demand functional bakery products
1.2 Growing demand from the alcohol industry
1.3 Growing demand for bioethanol as a fuel
1.4 Increasing awareness about the importance of yeast as compared to its alternative Monosodium Glutamate (MSG)
2. Market Restraints
2.1 Scarcity of raw materials
2.2 Stringent food safety standards and regulations
Market Segmentation:
The global Yeast Market is segmented on the basis of Product, Type, Application and Region
1. Global Yeast Market, by Product:
1.1 Fresh Yeast
1.2 Dry Yeast
1.3 Instant Yeast
2. Global Yeast Market, by Type:
2.1 Baker’s Yeast
2.2 Wine Yeast
2.3 Brewer’s Yeast
2.4 Bioethanol Yeast
2.5 Feed Yeast
3. Global Yeast Market, by Application:
3.1 Food & Beverages
3.1.1 Alcoholic Beverages
3.1.2 Non-alcoholic beverages
3.1.3 Bakery Products
3.2 Animal Feed
3.3 Others
4. Global Yeast Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. AB Mauri Food
2. AB Vista
3. Alltech
4. Chr. Hansen
5. Lallemand
6. Lesaffre
7. Archer Daniels Midland Company
8. Kerry Group PLC
9. Cargill
10. Nutreco N.V.
11. Synergy Flavors
12. Oriental Yeast Co., Ltd
13. Koninklijke DSM N.V.
14. Angelyeast Co., Ltd.
15. Associated British Foods PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Yeast Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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