Increasing consumption of ready-to-cook food products and demand for naturally sourced food additives are acting as key growth factors for global yeast market.
According to TechSci Research report, “Global Yeast Market By Type (Baker’s Yeast, Bioethanol Yeast, Brewer’s Yeast, Wine Yeast, Feed Yeast and Others), By Application (Food (Bakery, Non- Alcoholic Beverages, Alcoholic Beverages), Feed and Others), By Form (Instant Yeast, Dry Yeast, Fresh Yeast and Others), By Region, Forecast & Opportunities, 2025”, the market is poised to undergo a rapid CAGR during the forecast period. Key factors propelling the growth of global yeast market are increasing consumption of bakery items like cakes, pastries, pies, scones, bread and biscuits in both developed and developing nations along with growing popularity of home baking. Moreover, growing demand for naturally sourced food additives due to increasing health consciousness among consumers is also propelling the demand for yeast in global market. The expanding bakery industry and changing consumer lifestyle has led to rise in consumption of ready-to-eat food products which are serving as other major factors for the growth of global yeasts market.
Furthermore, increasing number of bakeries and confectionaries and consumption of bread as staple food in most European countries are augmenting the growth of global yeasts market. Apart from this, yeasts also find wide application in alcoholic drinks for fermentation. Thus, with rising consumption of alcoholic beverages around the world, the yeasts market is expected to expand significantly over the coming years. Additionally, manufactures are continuously working on introducing new variety of yeasts to attract potential consumers and generate high revenue. The market is also witnessing high demand for organic yeasts owing to their greater nutritional properties. Moreover, the outbreak of COVID-19 saw significant rise in number of home bakers which resulted in spiking demand for yeast as it works as a great fermenting agents.
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Global yeasts market is segmented based on type, application, form, company, and region. Based on type, the market can be categorized into baker’s yeast, bioethanol yeast, brewer’s yeast, wine yeast, feed yeast and others. Among them, the baker’s yeasts segment dominated the market until 2019 and is further expected to maintain its leading position in the market during the forecast period. The reasons can be attributed to increasing trend of consumption of processed food items and bakery items around the globe.
In terms of form, the global yeast market can be segmented into instant yeast, dry yeast, fresh yeast, genetically modified yeast, and others. Among them, the fresh yeast segment is anticipated to grow at a high CAGR through 2025 on account of its wide use in bakery products such as bread, biscuits, and pastries. However, dry yeasts segment is also witnessing significant demand owing to their high penetration in the global market.
Major players operating in the global yeast market are Nutreco N.V., Kerry Group PLC, Associated British Foods PLC, Lallemand Inc., Oriental Yeast Co., Ltd, Angelyeast Co., Ltd., Leiber GmbH, Archer Daniels Midland Company, Lesaffre and Synergy Flavors. Leading market players are investing on new product launches to stay ahead in global market. Other key growth strategies being adopted by companies are mergers & acquisitions and partnerships.
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“Europe constitutes the biggest market for yeasts owing to presence of well-established bakery industry and high consumption of bakery items in daily diets. The rise in consumption of alcoholic beverages and convenience food are also making European countries a profitable market for yeast manufacturers,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Yeast Market By Type (Baker’s Yeast, Bioethanol Yeast, Brewer’s Yeast, Wine Yeast, Feed Yeast and Others), By Application (Food (Bakery, Non- Alcoholic Beverages, Alcoholic Beverages), Feed and Others), By Form (Instant Yeast, Dry Yeast, Fresh Yeast and Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of yeast market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global yeast market.
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