Global Yeast Market Trend, Share, Growth, Size and Forecast 2030

Global Yeast Market Industry Perspective:

The global yeast market was valued at $4 billion in 2021 and is projected to reach $7.5 billion by the end of 2028. The market is likely to grow with a high CAGR of 10% during the forecast period. The report emphasizes the growth prospects, opportunities, restraints, and challenges in the market. It offers insights into the market size and current trends to shape the future of the market.

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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.

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COVID-19 Impact:

The outbreak of the Covid-19 pandemic has negatively impacted global yeast market dynamics. The worldwide lockdowns posed disruptions in the supply chain logistics and shutdown of the manufacturing units. Stakeholders and leading market players are making initiatives to develop innovative strategies to keep the business afloat in the marketplace. However, the popularity of homemade baked food items is fueling the growth of the global market tremendously.

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

The global market can be segmented into form, application, and region.

By form, liquid yeast, fresh yeast, crumbled yeast, active dry yeast, instant dry yeast, frozen semi-dry yeast, genetically modified yeast,

By application, the market can be segmented into animal feed, biofuels, pharmaceuticals, and food.

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 Landscape

Some of the significant players in the global yeast market include 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:

Global Yeast Market By Form

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

By Application

• Pharmaceuticals
• Biofuels
• Animal Feed
• Food

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa