Global Yeast Market - 2023-2030

Market Overview

The Global Yeast Market size reached US$ 4.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 9.0 billion by 2030. The market is expected to exhibit a CAGR of 9.2% during the forecast period 2023-2030.

Yeast is a single-celled microorganism that plays a crucial role in various industries, including food, beverage, and pharmaceuticals. It is widely known for its ability to ferment sugars, converting them into alcohol and carbon dioxide. In the food industry, yeast is used as a leavening agent in baking, contributing to the rise and texture of bread and other baked goods. In brewing, yeast is responsible for the fermentation process that converts malt sugars into alcohol and carbonation.

The yeast market is experiencing significant growth driven by its applications in various industries. Yeast is widely used for fermentation and as a leavening agent in baking, brewing, and bioethanol production. Factors such as consumer preference for natural ingredients and the rise of craft breweries contribute to the market's expansion. Additionally, yeast's versatility makes it valuable for producing bread, beer, wine, and other products.

Market Dynamics

Growing Demand for Yeast-Based Products Drives the Flourishing Yeast Market in Food and Beverage Industries

The yeast market trend is driven by a key driver, the growing demand for yeast-based products in the food and beverage industry. Baker's yeast, commonly used in baking applications, and Brewer's yeast, essential for beer production, play a significant role in driving this demand. The rising consumption of baked goods and the flourishing craft beer industry are contributing to the overall growth of the yeast market.

Additionally, the versatility and unique properties of baker's yeast and brewer's yeast make them highly sought after in their respective industries, further propelling the growth of the yeast market share.

Availability and Quality Control Challenges Impede the Growth of Baker's Yeast and Brewer's Yeast Market

According to yeast market analysis, a key restraint of the yeast market, specifically for baker's yeast and brewer's yeast, is the availability and quality control of specific yeast strains. these strains need to meet strict requirements to deliver the desired characteristics in baking and brewing applications. limited availability of high-quality strains and challenges in maintaining consistent supply can pose restraints on the yeast market, impacting the production and availability of baker's yeast and brewer's yeast for manufacturers and end-users.

Overcoming these challenges is crucial to ensure a stable supply of yeast strains and support the growth of the yeast market share.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global yeast market is segmented based on type, form, application, and region.

Yeast Emerges as a Key Ingredient in Food Industry with Bread Production Dominating the Market

The global yeast market is segmented based on application into food, feed, and others. According to the yeast market analysis, In the food industry, yeast finds extensive application across various segments. Saccharomyces cerevisiae, including its forms such as active dry yeast, instant yeast, and fresh yeast, plays a crucial role in these applications. statistical data indicates that approximately 60% of the yeast used in the food sector is for baking purposes.

Bread production alone accounts for around 40% of the yeast consumption in the food industry. Other segments, such as confectionery and pastry, contribute an estimated 25% to yeast usage. The remaining 35% encompasses a wide range of applications, including pizza dough, rolls, and other baked goods. This highlights the versatile nature of yeast and its widespread utilization in the food sector, catering to diverse culinary needs.

Geographical Analysis

Asia Pacific Emerges as a Thriving Hub for Yeast Market Growth Driven by Bakery and Brewing Sectors

By region, the global yeast market is segmented into North America, South America, Europe, Asia-Pacific, and Middle-east & Africa.

The Asia Pacific yeast market has witnessed significant growth, driven by key factors such as yeast fermentation, yeast propagation, and the availability of diverse yeast strains. The yeast market analysis reveals that the region accounts for a substantial portion of global yeast production and consumption. With a growing population and increasing disposable income, the demand for yeast-based products has soared in countries like China and India.

The bakery and brewing sectors are the major contributors to yeast consumption in the region, with a significant market share. Additionally, advancements in yeast fermentation technologies and the adoption of innovative yeast strains have propelled the growth of the yeast market share in the Asia Pacific region. This upward yeast market trend is expected to continue as the region embraces food and beverage innovation and witnesses further expansion in the baking and brewing industries.

Competitive Landscape

The major global players include: Kerry Group, Lesaffre Group, AB Vista, Lallemand Inc., Bio Springer S.A., Angel Yeast Co. Ltd, ADM, Chr. Hansen Holding A/S, Oriental Yeast Co., Ltd., and Pacific Ethanol, Inc.

Why Purchase the Report?

• To visualize the global yeast market segmentation based on type, form, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of yeast market-level with all segments.
• The PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global yeast market report would provide approximately 61 tables, 61 figures, and 195 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies