Yeast Market Report by Form (Dry Yeast, Instant Yeast, Fresh Yeast, and Others), Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others), Application (Food, Feed, and Others), and Region 2024-2032

Yeast Market Report by Form (Dry Yeast, Instant Yeast, Fresh Yeast, and Others), Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others), Application (Food, Feed, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1622
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Market Overview:

The global yeast market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 7.3 Billion
Market Forecast in 2032
US$ 13.6 Billion
Market Growth Rate 2024-2032 6.9%


Yeast is a eukaryotic, microscopic fungus comprising single oval cells that reproduce through budding and can convert sugar into carbon dioxide and alcohol. It is found in several items, including snack flavoring, bakery products, alcoholic beverages, meat products, salty foods, sauces, and nutritional supplements. As it is a good source of vitamins and high dietary proteins, yeast is extensively used in the preparation of different food products.

Yeast Market Report

Yeast Market Trends:

The growing global population and the burgeoning food and beverage (F&B) industry represent one of the key factors positively influencing the market. Yeast plays a vital role in enhancing the quality, aroma, texture, and flavor of the product and in accelerating the fermentation process. In addition, the rising consumption of bakery products and alcoholic beverages is catalyzing the demand for yeast. Apart from this, the increasing awareness among individuals about the high nutritional value and health benefits of inactivated nutritional yeast is creating a positive outlook for the market. It also assists in boosting energy levels, supporting the immune system, improving glucose sensitivity, and promoting skin, hair, and nail growth. Along with this, the increasing utilization of yeast in producing ethanol in the biofuel industry is offering lucrative growth opportunities to manufacturers. This, in confluence with the expanding applications of the product in bioremediation and removal of heavy metals from wastewater, is strengthening the market growth. Besides this, the rising usage of nutritional yeast, especially from the vegan population, is offering a favorable market outlook. Moreover, increasing investments by leading market players in research and development (R&D) activities is leading to the introduction of novel capabilities to develop new yeast products and extend the substrate range.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global yeast market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on form, type and application.

Breakup by Form:

Yeast Market Report

  • Dry Yeast 
  • Instant Yeast
  • Fresh Yeast
  • Others


Fresh yeast currently dominates the market as it is extensively used in making bread due to its long-lasting active reaction as compared to dried yeast. 

Breakup by Type:

  • Baker’s Yeast 
  • Brewer’s Yeast
  • Wine Yeast
  • Bioethanol Yeast
  • Feed Yeast
  • Others


Baker’s yeast represents the largest type as it helps in leavening baked products and imparting aroma and flavor to baked goods. 

Breakup by Application:

  • Food
    • Bakery
    • Alcoholic Beverages
    • Prepared Food
    • Others
  • Feed
  • Other Applications


The food industry presently holds the largest market share as yeast is an excellent source of vitamins, minerals, and high-quality protein.

Breakup by Region:

Yeast Market Report

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America


Europe exhibits a clear dominance in the market due to the increasing demand for processed food and bakery products in the region.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Associated British Foods Plc, Lesaffre & CIE, Angel Yeast Co., Ltd, Cargill, Incorporated, Chr. Hansen A/S, Alltech Group, Lallemand Inc., Koninklijke DSM N.V., Nutreco N.V., Kerry Group plc, Synergy Flavors, Inc., The Archer Daniels Midland Company, Oriental Yeast Company Limited, Diamond V Mills, Inc. (Diamond V), Pacific Ethanol, Inc., Leiber GmbH, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Form, Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Associated British Foods Plc, Lesaffre & CIE, Angel Yeast Co., Ltd, Cargill, Incorporated, Chr. Hansen A/S, Alltech Group, Lallemand Inc., Koninklijke DSM N.V., Nutreco N.V., Kerry Group plc, Synergy Flavors, Inc., The Archer Daniels Midland Company, Oriental Yeast Company Limited, Diamond V Mills, Inc. (Diamond V), Pacific Ethanol, Inc. and Leiber GmbH
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global yeast market was valued at US$ 7.3 Billion in 2023.

We expect the global yeast market to exhibit a CAGR of 6.9% during 2024-2032.

The rising usage of yeast in the baking industry, coupled with the growing consumer awareness towards the nutritional benefits of inactivated yeast in dietary supplements, is primarily driving the global yeast market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of yeast.

Based on the form, the global yeast market can be categorized into dry yeast, instant yeast, fresh yeast, and others. Currently, fresh yeast exhibits clear dominance in the market.

Based on the type, the global yeast market has been segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, and others. Among these, baker’s yeast represents the largest market share.

Based on the application, the global yeast market can be bifurcated into food, feed, and other applications. Currently, food accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global yeast market include Associated British Foods Plc, Lesaffre & CIE, Angel Yeast Co., Ltd, Cargill, Incorporated, Chr. Hansen A/S, Alltech Group, Lallemand Inc., Koninklijke DSM N.V., Nutreco N.V., Kerry Group plc, Synergy Flavors, Inc., The Archer Daniels Midland Company, Oriental Yeast Company Limited, Diamond V Mills, Inc. (Diamond V), Pacific Ethanol, Inc., Leiber GmbH, etc.

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Yeast Market Report by Form (Dry Yeast, Instant Yeast, Fresh Yeast, and Others), Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others), Application (Food, Feed, and Others), and Region 2024-2032
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