PUBLISHER: Market Research Future | PRODUCT CODE: 1405207
PUBLISHER: Market Research Future | PRODUCT CODE: 1405207
The Indonesia Yeast market is projected to witness significant growth during the review period, exhibiting a CAGR of 4.98%. The market was estimated to be USD 50.98 million in 2022 and is expected to reach a value of USD 75.16 million by the end of the forecast period (2023-2030).
Furthermore, the surge in application for biofuel production is another factor boosting its market growth in the upcoming years. Apart from this, the advancement in yeast production coupled with the flourishing demand for natural and organic food ingredients may serve as an opportunity for market growth. However, the increasing application of non-conventional yeast may serve as a challenge for its market growth.
Market Segmentatiojn
Based on yeast strain, the saccharomyces cerevisiae segment accounted for a market share of 65.09% in 2022 and is expected to exhibit a CAGR of 5.58% during the forecast period owing to its wide usage in the baking as well as wine-making industry.
Based on type, the baker's yeast segment held a significant share of 71.12% in the Indonesia Yeast market in 2022 owing to its wide usage of baker's yeast in baking bread as well as other bakery products, which usually functions as a leavening agent that helps the bread to rise by turning the fermentable sugars in the dough into carbon dioxide and ethanol.
The dry/powdered segment accounted for a market share of 78.87% in 2022 owing to the growing popularity of bakery products across the country coupled with the various benefits associated with the consumption of dry yeast, which is further incorporated in bakery products. Dehydrated baker's yeast is known as dry yeast. Dehydration greatly increases shelf life and produces a product that doesn't need to be refrigerated.
On the basis of distribution channel, the B2B segment held a major share around 93.24% in the Indonesia yeast market, owing to the bulk purchase of yeast either in the dry, paste, or liquid form by the manufacturers of various bakery products, beverages, fuel, pharmaceutical, feed and many more.
The key players operating in the Indonesia yeast market include Chr Hansen, Lesaffre, Alltech, Kerry Group, Lallemand Inc., Kemin, DSM NV, Angel Yeast Co. Ltd, Indesso, and Associated British Food.
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