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PUBLISHER: IMARC | PRODUCT CODE: 1451214

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PUBLISHER: IMARC | PRODUCT CODE: 1451214

Yeast Market Report by Form (Dry Yeast, Instant Yeast, Fresh Yeast, and Others), Type (Baker's Yeast, Brewer's Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others), Application (Food, Feed, and Others), and Region 2024-2032

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The global yeast market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.

Yeast is a eukaryotic, microscopic fungus comprising single oval cells that reproduce through budding and can convert sugar into carbon dioxide and alcohol. It is found in several items, including snack flavoring, bakery products, alcoholic beverages, meat products, salty foods, sauces, and nutritional supplements. As it is a good source of vitamins and high dietary proteins, yeast is extensively used in the preparation of different food products.

Yeast Market Trends:

The growing global population and the burgeoning food and beverage (F&B) industry represent one of the key factors positively influencing the market. Yeast plays a vital role in enhancing the quality, aroma, texture, and flavor of the product and in accelerating the fermentation process. In addition, the rising consumption of bakery products and alcoholic beverages is catalyzing the demand for yeast. Apart from this, the increasing awareness among individuals about the high nutritional value and health benefits of inactivated nutritional yeast is creating a positive outlook for the market. It also assists in boosting energy levels, supporting the immune system, improving glucose sensitivity, and promoting skin, hair, and nail growth. Along with this, the increasing utilization of yeast in producing ethanol in the biofuel industry is offering lucrative growth opportunities to manufacturers. This, in confluence with the expanding applications of the product in bioremediation and removal of heavy metals from wastewater, is strengthening the market growth. Besides this, the rising usage of nutritional yeast, especially from the vegan population, is offering a favorable market outlook. Moreover, increasing investments by leading market players in research and development (R&D) activities is leading to the introduction of novel capabilities to develop new yeast products and extend the substrate range.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global yeast market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on form, type and application.

Breakup by Form:

Dry Yeast

Instant Yeast

Fresh Yeast

Others

Fresh yeast currently dominates the market as it is extensively used in making bread due to its long-lasting active reaction as compared to dried yeast.

Breakup by Type:

Baker's Yeast

Brewer's Yeast

Wine Yeast

Bioethanol Yeast

Feed Yeast

Others

Baker's yeast represents the largest type as it helps in leavening baked products and imparting aroma and flavor to baked goods.

Breakup by Application:

Food

Bakery

Alcoholic Beverages

Prepared Food

Others

Feed

Other Applications

The food industry presently holds the largest market share as yeast is an excellent source of vitamins, minerals, and high-quality protein.

Breakup by Region:

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

Europe exhibits a clear dominance in the market due to the increasing demand for processed food and bakery products in the region.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Associated British Foods Plc, Lesaffre & CIE, Angel Yeast Co., Ltd, Cargill, Incorporated, Chr. Hansen A/S, Alltech Group, Lallemand Inc., Koninklijke DSM N.V., Nutreco N.V., Kerry Group plc, Synergy Flavors, Inc., The Archer Daniels Midland Company, Oriental Yeast Company Limited, Diamond V Mills, Inc. (Diamond V), Pacific Ethanol, Inc., Leiber GmbH, etc.

Key Questions Answered in This Report

  • 1. What was the size of the global yeast market in 2023?
  • 2. What is the expected growth rate of the global yeast market during 2024-2032?
  • 3. What are the key factors driving the global yeast market?
  • 4. What has been the impact of COVID-19 on the global yeast market?
  • 5. What is the breakup of the global yeast market based on the form?
  • 6. What is the breakup of the global yeast market based on the type?
  • 7. What is the breakup of the global yeast market based on the application?
  • 8. What are the key regions in the global yeast market?
  • 9. Who are the key players/companies in the global yeast market?
Product Code: SR112024A1622

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Yeast Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Form
  • 5.5 Market Breakup by Type
  • 5.6 Market Breakup by Application
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast

6 Market Breakup by Form

  • 6.1 Dry Yeast
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Instant Yeast
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Fresh Yeast
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Type

  • 7.1 Baker's Yeast
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Brewer's Yeast
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Wine Yeast
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Bioethanol Yeast
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Feed Yeast
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Others
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Food
    • 8.1.1 Market Trends
    • 8.1.2 Major Applications
      • 8.1.2.1 Bakery
      • 8.1.2.2 Alcoholic Beverages
      • 8.1.2.3 Prepared Food
      • 8.1.2.4 Others
    • 8.1.3 Market Forecast
  • 8.2 Feed
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Others
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Europe
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Asia Pacific
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Middle East and Africa
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Latin America
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Competitive Landscape

  • 13.1 Market Structure
  • 13.2 Key Players
  • 13.3 Profiles of Key Players
    • 13.3.1 Associated British Foods Plc
    • 13.3.2 Lesaffre & CIE
    • 13.3.3 Angel Yeast Co., Ltd
    • 13.3.4 Cargill, Incorporated
    • 13.3.5 Chr. Hansen A/S
    • 13.3.6 Alltech Group
    • 13.3.7 Lallemand Inc.
    • 13.3.8 Koninklijke DSM N.V.
    • 13.3.9 Nutreco N.V.
    • 13.3.10 Kerry Group plc
    • 13.3.11 Synergy Flavors, Inc.
    • 13.3.12 The Archer Daniels Midland Company
    • 13.3.13 Oriental Yeast Company Limited
    • 13.3.14 Diamond V Mills, Inc. (Diamond V)
    • 13.3.15 Pacific Ethanol, Inc.
    • 13.3.16 Leiber GmbH
Product Code: SR112024A1622

List of Figures

  • Figure 1: Global: Yeast Market: Major Drivers and Challenges
  • Figure 2: Global: Yeast Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Yeast Market: Breakup by Form (in %), 2023
  • Figure 4: Global: Yeast Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Yeast Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Yeast Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Yeast Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Yeast Industry: SWOT Analysis
  • Figure 9: Global: Yeast Industry: Value Chain Analysis
  • Figure 10: Global: Yeast Industry: Porter's Five Forces Analysis
  • Figure 11: Global: Yeast (Dry) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Yeast (Dry) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Yeast (Instant) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Yeast (Instant) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Yeast (Fresh) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Yeast (Fresh) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Yeast (Other Forms) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Yeast (Other Forms) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Yeast (Baker's) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Yeast (Baker's) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Yeast (Brewer's) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Yeast (Brewer's) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Yeast (Wine) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Yeast (Wine) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Yeast (Bioethanol) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Yeast (Bioethanol) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Yeast (Feed) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Yeast (Feed) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Yeast (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Yeast (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Yeast (Food) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Yeast (Food) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Yeast (Feed) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Yeast (Feed) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Global: Yeast (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Global: Yeast (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: North America: Yeast Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: North America: Yeast Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: Europe: Yeast Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Europe: Yeast Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Asia Pacific: Yeast Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Asia Pacific: Yeast Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: Middle East and Africa: Yeast Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: Middle East and Africa: Yeast Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: Latin America: Yeast Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: Latin America: Yeast Market Forecast: Sales Value (in Million US$), 2024-2032

List of Tables

  • Table 1: Global: Yeast Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Yeast Market Forecast: Breakup by Form (in Million US$), 2024-2032
  • Table 3: Global: Yeast Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 4: Global: Yeast Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 5: Global: Yeast Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Yeast Market: Competitive Structure
  • Table 7: Global: Yeast Market: Key Players
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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