Market Overview:
The Yeast Ingredients Market size is estimated to reach $10.7 billion by 2030, growing at a CAGR of 4.0% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Yeast Ingredients Market – By Type (Baker’s Yeast, Wine Yeast, Brewer’s Yeast, Feed Yeast, Bioethanol Yeast and Others), By Form (Liquid Yeast, Fresh Yeast, Crumbled Yeast, Active Dry Yeast, Instant Dry Yeast, Frozen Semi Dry Yeast, Genetically Modified Yeast, and Others), By Product Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-Glucan, Yeast Derivatives and Others), By Application (Food – Alcoholic Beverages - Brewing and Wine Making, Non-Alcoholic Beverages, Nutritional Supplements, Canned and Frozen Foods, Bakery/Snacks & Savory, Pharmaceuticals, Bio Fuels, Animal Feed and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Expanding vegan and vegetarian populations are propelling the demand for yeast-derived protein alternatives and Rising health awareness encourages the use of yeast ingredients as nutritional supplements are fueling the growth of the Yeast Ingredients industry during the forecast period.
Europe Dominated the Market in 2023:
Europe accounted for the largest share of 36% of the Yeast Ingredients Market in 2023. The rising demand for natural and clean-label products drives the Yeast Ingredients market in Europe as consumers increasingly seek healthier, sustainable options. In 2022, the U.K. emerged as the second-largest global market for baked goods, with imports valued at US$3.6 billion and a 7.8% market share. The robust bakery industry fuels the demand for yeast ingredients, essential for enhancing texture and flavor. The trend toward veganism and plant-based diets has further boosted the use of yeast as a protein alternative. Additionally, advancements in fermentation technologies and expanding applications in food, beverages, and animal feed are pivotal drivers in the European market.
Yeast Ingredients Market: Key Takeaways
Increased Demand for Organic Products Drives the Growth of Organic Yeast Ingredients in the Market:
The growing preference for organic products significantly drives the demand for organic yeast ingredients. The 2024 Organic Industry Survey by the Organic Trade Association (OTA) reports that U.S. sales of certified organic products reached nearly $70 billion in 2023. Health-conscious consumers increasingly seek clean-label, chemical-free options, boosting the appeal of organic yeast ingredients. These ingredients are valued for their natural sourcing and alignment with sustainable practices, while expanding organic certifications further enhance their market penetration across diverse industries.
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Growing Consumer Preference for Clean-Label Products Drives the Market for Yeast-Based Ingredients:
The growing demand for clean-label products is driving the shift towards natural yeast ingredients. In 2024, 64% of U.S. adults prefer foods with clean ingredients, as reported by the International Food Information Council. With rising health and wellness awareness, consumers increasingly seek food items with transparent labeling and recognizable ingredients. This trend is pushing manufacturers to replace synthetic components with natural yeast ingredients, meeting expectations for cleaner, safer, and sustainable products. Companies are investing in R&D to innovate and integrate these natural ingredients, enhancing their competitiveness.
Scope of the Report:
Recent Development:
• In June 2024, Pureture has unveiled a breakthrough in yeast protein cultivation, reducing production time by up to 30% and eliminating foam formation. This innovation enhances plant-based casein protein, aligning with clean-label trends and meeting the demand for sustainable, additive-free ingredients.
• In January 2024, Israeli startup Phytolon is set to launch vibrant, natural colors using genetically engineered baker's yeast in the US, pending regulatory approval. Their innovative approach offers cost-effective, high-purity pigments with a more sustainable supply chain compared to traditional plant extracts.
Yeast Ingredients Market: Competitive Landscape
Key companies profiled in the Yeast Ingredients Market are Kerry Group PLC, Synergy Ltd., Associated British Foods PLC, DSM, Angel Yeast Co. Ltd, Lesaffre Yeast Corporation, Lallemand Inc., Alltech Inc., Wyeast Laboratories Inc., Danisco A/S and others
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