Market Overview:

The Yeast Market size is estimated to reach $10.7 Billion by 2030, growing at a CAGR of 4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Yeast 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 Application (Food [Alcoholic Beverages {Brewing, Wine Making}, Non-Alcoholic Beverages, Nutritional Supplements, Canned & Frozen Foods, Bakery/Snacks & Savory], Pharmaceuticals, Biofuels, Animal Feed, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Expansion in the functional & nutritional yeast segment and Growing role of yeast in sustainable bioethanol & biotech applications are expected to create growth opportunities in the market during forecast period.

Europe Dominated the Market in 2023:

Europe accounted for the largest share of 36% of the Yeast Market in 2023 followed by APAC and North America, owing towards increase in the disposable income and inception of weekend culture in most parts of the Europe and increasing demand for investment in R&D. The amount of revenue generated through the sales of yogurt and sour milk products in Germany has increased by more than 2% in the past four years which presents exciting opportunities for the growth of yeast market.

Yeast Market: Key Takeaways

Increasing Demand for Ready-to- Eat Food Products:

Growing preference for ethnic food coupled with the success of Thai and Mexican food in restaurants has resulted in increased demand of yeast. Changing food consumption habits and pattern of people, drive the growth of bakery industry and in turn the growth of yeast demand. Demand for bakery products is increasing as they are an essential content of many fast-food items and people now increasingly prefer convenience products over traditional food items. The demand for convenience in food products has led to an increased demand for ready-to-eat food products, such as ready to consume soups and noodles, which have high amounts of yeast content in them.

Rising Demand for Bakery and Convenience Foods:

Urbanization, changing lifestyles, and a growing preference for ready-to-eat food products have significantly boosted demand for bakery items like bread, pastries, and pizzas, where yeast is a key ingredient. Additionally, the expansion of quick-service restaurants (QSRs) and food delivery services has further fueled the need for high-quality yeast to ensure consistent fermentation and texture in dough-based products. Manufacturers are responding by developing instant and dry yeast varieties that offer longer shelf life and improved baking performance. This trend is particularly strong in emerging markets, where rising disposable incomes and Western dietary influences are driving greater consumption of processed and baked foods. 

For More Queries About "Yeast Market " @ https://www.industryarc.com/reports/request-quote?id=7476

Scope of the Report: 

        Report Metric

                        Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

4%

Market Size in 2030

$10.7 Billion

Segments Covered

By Type, By Form, By Application
 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).
 

Key Market Players
  1. Angel Yeast Co.
  2. Associated British Foods PLC
  3. Lallemand Inc.
  4. Chr. Hansen Holdings A/S
  5. Oriental Yeast Co., Ltd.
  6. Lesaffre Group
  7. Synergy Flavors
  8. Halcyon Proteins Pty. Ltd.
  9. Novozymes
  10. Food Chem International

Recent Developments:

  • In September 2022, Lesaffre has acquired Recombia Biosciences, a San Francisco-based biotech company. This move follows a strategic partnership aimed at leveraging Recombia's genome-editing tech to enhance yeast development for sustainable fermentation.
  • In June 2022, Angel Yeast, responding to increasing demand for yeast-based products, announces plans to enhance supply and innovation capabilities. This aligns with insights from Innova Market Insights, highlighting the need for industry players to innovate and expand production to meet evolving consumer needs and stay competitive.
  • In January 2024, Lallemand Inc, a Canadian biotech company, has completed the acquisition of Swiss biotech firm Evolva AG. Evolva specializes in yeast-derived natural ingredients for various industries. The strategic fit aligns Evolva's precision fermentation technology with Lallemand's yeast-based solutions, enhancing their global biotech portfolio.

Yeast Market: Competitive Landscape

Key companies profiled in the Yeast Market are Angel Yeast Co., Associated British Foods PLC, Lallemand Inc., Chr. Hansen Holdings A/S, Oriental Yeast Co., Ltd., Lesaffre Group, Synergy Flavors, Halcyon Proteins Pty. Ltd., Novozymes, Food Chem International, and Others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518-282-4727