Yeast Market Overview
The growth of the bakery products and convenience food products markets owing to the fast-paced lifestyles of consumers is providing significant growth prospects for the Yeast market. The scope of applications of yeasts is constantly broadening in various industries including food, pharmaceutical, and animal feed. The global Yeast Market is estimated to grow at a CAGR of 7.72% during the forecast period 2018—2023. APAC is the fastest growing market with a CAGR of 9.24%, which is mainly attributed to the increased utilization of yeast as an ingredient in the food and pharmaceutical industries in this regions.
Yeast Market Outlook
Yeasts are unicellular organisms that evolved from multicellular ancestors. Yeast sizes vary between 3–4mm in diameter depending on the species and environment. Yeasts are often isolated from sugar-rich materials. Some yeasts occur on the skins of fruits and berries, while others are associated with the soil and insects. The report includes an analysis of the market by form, considering compressed yeast, liquid yeast, crumbled yeast, active dry yeast, instant dry yeast, and others. According to IndustryARC findings, instant dry yeast will hold the largest market share during the forecast period. Instant dry yeasts are used in many food applications including bakery & confectionery, nutritional supplements, and others.
Yeast market report comprises of pricing analysis for different types of yeasts used for several applications. The price of instant dry yeast is the highest among all other yeast types and is expected to rise to $2,050 per ton in 2023.
Yeast Market Growth Drivers
Rising consumption of alcoholic beverages and increasing demand for bioethanol as a fuel are surging the demand for yeast across the globe. Yeasts are extensively used in the fermentation of bioethanol. The production of bioethanol is rapidly growing across the globe, thus directly boosting the demand for yeasts.
Yeast Market Challenges
The stringent food safety regulations associated with the utilization of yeasts in food applications are hindering the growth of the market. Yeasts are subjected to several food and feed safety regulations laid by organizations such as the Food and Drug Administration (FDA), European Food Safety Authority (EFSA), and others.
Yeast Market, Global Animal Feed Production, 2017
Yeast Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Yeast market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the forms of yeast, and their specific applications in different end user industries.
Yeast Market Report: Industry Coverage
Forms of Yeast: Compressed Yeast, liquid yeast, crumbled yeast, active dry yeast, instant dry yeast, frozen semi dry yeast, genetically modified yeast, and others
Applications of Yeast: Food including alcoholic, beverages, non-alcoholic beverages, nutritional supplements, canned and frozen foods, and bakery & savory, pharmaceutical, biofuels, animal feed, and others
Usage of Yeast in Food Industry: Yeast finds a wide array of applications across the food industry as an ingredient in various culinary products. It is used as an ingredient for adding flavor and texture to the food products
The Yeast market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- Europe: The U.K., Germany, Italy, France, Spain
- APAC: China, Japan, Australia, India
- South America: Brazil, Argentina, Peru, Colombia, Chile
- Middle East and Africa
Yeast Market Key Players Perspective
The major companies referred to in the market research report include Lesaffre, Associated British Foods plc. Angel Yeast Co., Ltd., Pakmaya, and Chr. Hansen Holding A/S
Yeast Market Trends
- According to the IndustryARC analysis, acquisition was major strategy adopted by key players of yeast market. Lesaffre, a key global leader in yeast market acquired Gnosis, an Italian biotechnology company, which is specialized in the development of yeast for pharmaceuticals, nutraceuticals, veterinary and cosmetic industry. Antoine Baule, Lesaffre’s Chief Executive Officer said “For the past three years, we have developed the cooperation between Lesaffre and Gnosis teams to become today a unique provider of products and services that are increasingly innovative and closely address our customer’s needs in the Nutrition and Health sectors.”