The Global Market for Yeast is Projected to Reach US$6.4 Billion by 2024

Steady Demand from the Food & Beverage End-Use Market to Drive Global Yeast Consumption, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Yeast market. The global market for Yeast is projected to reach US$6.4 billion by 2024, driven by steady demand from the Food & Beverage applications as well as increasing use in animal feed and biofuels production.

Yeast has been in use for several centuries in manufacturing a wide range of food and beverage products, and is a vital constituent of bread, wine, and beer making processes. The role of yeast in the fermentation process is well known for centuries. Although there are other chemical fermentation agents such as baking powder, none of them are as reliable as yeast, given the latter’s natural ability in aiding carbon-release, which gives food materials better texture, aroma, flavor, and taste. Yeast also offers health benefits to both humans and animals as it is protein rich, and is used as a probiotic. Yeast is available in several varieties depending on its end-use application, such as, baker’s yeast, brewer’s yeast, bioremediation yeast, yeast for ethanol production, and yeast for nutritional supplements, probiotics and animal feeds. Baker’s yeast continues to represent the largest yeast variety given its large-scale applications in food processing.

Food & Beverage products are the major drivers for yeast market. Particularly, baked goods account for a dominant share of the global yeast market. As such, the bakery industry is a major driver for yeast consumption. Western markets such as North America, and Europe, where baked products such as bread and cakes form the staple food, have a high per capita consumption of baked goods, and subsequently, yeast. However, there are very different and contrasting factors that drive growth in bakery products in developed and emerging markets, based on disparate dietary, lifestyle and demographic patterns. Consumers in developed and mature markets worldwide, seek health and convenience factors in Bakery Products. In contrast, an increasing shift away from unpackaged food items to packaged ones is strengthening the market in developing regions like China and India. In addition, in the price sensitive developing countries, higher value for money, family orientation and consumer satisfaction plays a major role in the purchasing decision. In addition, Yeast is consumed as Fresh Yeast in developed markets, while in developing markets, which lack cold chain infrastructure required for Fresh Yeast, Dry Yeast products dominate the market.

As stated by the new market research report on Yeast, Europe represents the largest regional market worldwide, followed closely by North America. Asia-Pacific region is forecast to witness the fastest growth among all regions, with a CAGR of 10.3% over the analysis period to emerge as the largest by end of the analysis period. Changing dietary patterns in emerging markets such as China and India is presenting high growth opportunities for Yeast in these markets. Food & Beverage applications dominate the market for Yeast. However, demand from the Food & Beverage industry is expected to be below average over the analysis period, with Animal Feed and Biofuels industries forecast to offer the best growth opportunities during the analysis period.

Leading players in the market include Associated British Foods plc, AB Mauri, Ohly GmbH, Angel Yeast Co., Ltd., Chr. Hansen A/S, Kerry Group Plc, Lallemand Inc., Lesaffre Group, Bio Springer, Red Star Yeast Company, Royal DSM N.V., Synergy Flavours Ltd. and Zeus IBA SRL, among others.

The research report titled "Yeast: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US$ for Yeast for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. The report also breaks down the market by application into Food & Beverage, Animal Feed, and Others for the Global, US, and European markets.

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