Global Yeast Market Size, Share, Growth Analysis Report - Forecast 2034

Yeast Market Size

The global yeast market size was worth around USD 5.36 Billion in 2024 and is predicted to grow to around USD 8.49 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.7% between 2025 and 2034.

The report analyzes the global yeast market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the yeast industry.

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Global Yeast Market: Overview

Yeast is a microorganism that assists in reducing carbon dioxide, enzymes, and other metabolites with the help of carbohydrates. It is widely used in the process of baking and fermenting, thereby enhancing the value of the nutritional property and flavoring foods. Yeast is the natural nutrient used in the food processing sector as one of the primary food ingredients. Fermentation refers to the process where yeast converts food into carbon dioxide and alcohol. As a result, yeast has emerged as an essential ingredient in the production of beer and wine. It is a common ingredient that assists the fermentation process in different end-use sectors like food and beverages. Yeast is a rich source of minerals like zinc, copper, selenium, & chromium, vitamins, proteins, and others.

Key Insights

• As per the analysis shared by our research analyst, the global yeast market is estimated to grow annually at a CAGR of around 4.7% over the forecast period (2025-2034).
• Regarding revenue, the global yeast market size was valued at around USD 5.36 Billion in 2024 and is projected to reach USD 8.49 Billion by 2034.
• The yeast market is projected to grow at a significant rate due to increasing demand in bakery, brewing, and animal feed industries.
• Based on Form, the Liquid Yeast segment is expected to lead the global market.
• On the basis of Application, the Animal Feed segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Europe & North America is predicted to dominate the global market during the forecast period.

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Global Yeast Market: Growth Drivers

Growing popularity of baked items (Global Yeast Market) will drive the growth of the global market.

The high popularity of baking items like cookies, biscuits, and cakes all across the globe is propelling the demand for yeast products. Another major reason for the growth of the global yeast market is the transforming lifestyle of the people. Their rising spending capacity is also complementing the growth of the global market. The consumption of packaged food has significantly increased in recent times, particularly among the millennial population, which in turn will also contribute to market growth. Additionally, the growing trend of consuming vodka, rum, beer, etc., at social gatherings and parties is also creating enormous opportunities in the global market for yeast manufacturers. Yeast helps in enhancing the texture, flavor, quality, and aroma of the beverages. The constantly surging sales of conventional and organic yeast during the Covid pandemic has also helped manufacturers to establish their foothold strongly in the market. Due to the massive shift in buying patterns of consumers, manufacturers are increasingly adopting e-commerce channels to distribute their products.

Yeast Market: Restraints

Growing prices are a major impeding factor in the global market.

The prices of yeast have surged to a considerable amount in recent years due to the long and complex supply chain distribution. Therefore, it is likely to impede the growth of the global market in the forthcoming years.

Yeast Market: Opportunities

Growing health consciousness among consumers is likely to open new avenues in the global market.

Consumers are becoming more conscious day by day. Therefore, they make mind decisions regarding their diet. Therefore, yeast extract has emerged as a preferable choice for consumers as it is a very healthy ingredient added to the savory flavor and high-quality meals. The growing trend of veganism is another factor fueling the growth of the yeast product in the daily life of people. Additionally, the food companies are taking initiatives to use natural resources like yeast extracts in place of animal-derived ingredients to offer sustainable and quality-based products. Such a landscape is likely to create new opportunities in the global yeast market in the forthcoming years.

Yeast Market: Challenges

Strict regulations from government authorities are a huge challenge in the global market.

There are a number of strict regulations imposed by authorities to make yeast products safe for consumers. As a result, certain suitable and regular raw materials are banned, which in turn is likely to emerge as a huge challenge in the global market.

Yeast Market: Segmentation Analysis

The global yeast market is segmented based on Form, Application, and region.

Based on Form, the global yeast market is divided into Liquid Yeast, Fresh Yeast, Crumbled Yeast, Active Dry Yeast, Instant Dry Yeast, Frozen Semi-Dry Yeast, and Genetically Modified Yeast.

On the basis of Application, the global yeast market is bifurcated into Animal Feed, Biofuels, Pharmaceuticals, and Food.

Yeast Market: Report Scope

Recent Developments

• AngelYeast Co., Ltd., in December 2019, introduced a natural flavor-improving solution for plant-based foods and beverages to strengthen its portfolio in Europe.
• Kerry Group in January 2019 introduced Acryleast. It is the first non-GMO yeast.

Yeast Market: Regional Landscape

Global market is likely to be dominated by Europe during forecast period

Europe accounts for the largest share in the global yeast market due to the growing inception of weekend culture in the region. Furthermore, the growing disposable income of the people is further likely to complement the growth of the regional market in the forthcoming years. Additionally, manufacturers are boosting their research and development activities to come up with innovative products in order to expand the marketplace, which will also expand the scope of the regional market.

Yeast Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the yeast market on a global and regional basis.

The global yeast market is dominated by players like:

• Pakmaya
• Agencias Levapan
• ICC Brazil
• Pacific Fermentation Industries
• Food Chem International
• Halcyon Proteins Pvt. Ltd.
• Sensient Technologies Corporation
• Chr. Hansen Holdings A/S
• Angel Yeast Co.
• Ltd.
• and Associated British Foods PLC

The global yeast market is segmented as follows;

By Form

• Liquid Yeast
• Fresh Yeast
• Crumbled Yeast
• Active Dry Yeast
• Instant Dry Yeast
• Frozen Semi-Dry Yeast
• and Genetically Modified Yeast

By Application

• Animal Feed
• Biofuels
• Pharmaceuticals
• and Food

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America