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The global yeast market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global yeast market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on form, type and application.
Breakup by Form:
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 represents the largest type as it helps in leavening baked products and imparting aroma and flavor to baked goods.
Breakup by Application:
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:
Europe exhibits a clear dominance in the market due to the increasing demand for processed food and bakery products in the region.
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 Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| 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$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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) |
The global yeast market was valued at US$ 6,281 Million in 2021.
We expect the global yeast market to exhibit a CAGR of 7.90% during 2022-2027.
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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