Yeast Market Definition
Industry Perspective:
The global yeast market size was worth USD 4.12 billion in 2022 and is estimated to grow to USD 7.42 billion by 2030, with a compound annual growth rate (CAGR) of approximately 7.63% over the forecast period. The report analyzes the yeast market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the yeast market.
Yeast Market: Overview
Yeasts are unicellular eukaryotic fungi with a distinct mechanism from bacteria and other prokaryotic microbes. Nearly every organelle seen in a mature eukaryotic cell can be found in yeast. The nucleus, Golgi apparatus, mitochondria, endoplasmic reticulum, vacuole, and cytoskeleton are the most significant. Yeast cells typically have particle sizes of 510m. The principal mechanisms of reproduction are budding and, in rare circumstances, fission. Yeast can be identified and characterized using cell morphology, physiology, immunology, and molecular biology approaches. Soil, water, plants, animals, and insects can all be found in yeast’s natural habitat, with plant tissues functioning as a particular habitat. Furthermore, the introduction of food and beverage products using yeast variations is a crucial element driving the worldwide yeast market growth. In addition, the yeast market is expanding due to increased demand from end-user industries.
nForming Yeast Market Smart Book
The nForming Yeast Market Smart Books offer a comprehensive compilation of data pertaining to historical revenue, user volume, patient data, prices, and other relevant information for each segment. This includes products and services, type of indication, age group, and detailed analysis of service providers with coverage at both regional and country levels. The data spans the past three years and provides projections up until 2030. The smart book also provides extensive information on the leading suppliers and their corresponding market shares in the yeast market. The yeast market comprises a range of qualitative factors, including significant growth drivers, opportunities, and challenges.
Yeast Market: Recent Developments
The yeast industry is seeing a variety of developments. Among the major development areas are:
Recent Developments
- In 2023, one of the top producers of yeast in the world, AB Vista, revealed the creation of a new strain of yeast that is more effective at turning maize into ethanol.
- In 2023, a new yeast strain that can be used to manufacture bioethanol from a range of feedstocks and is more tolerant to high temperatures was introduced by Lallemand Biofuels, a subsidiary of Lallemand Inc.
Read more opportunities in the yeast market in the Smart Book.
Yeast Market Drivers
Utilization as feed additives in the agriculture sector to drive market growth
The market for yeast is expanding significantly due to the utilization of feed additives in the agriculture sector. A crucial component in probiotic food preparation is yeast. Yeast manufacturing companies are expanding their capacity to produce fermented food items that can be used as probiotics due to increased knowledge of the multiple health advantages associated with eating probiotic food. Because probiotics provide so many health advantages for users, they can be used in dietary supplements. When taken as probiotics, yeast’s antimicrobial qualities can strengthen the immune system. Food items like yogurt, kimchi, tempeh, miso, etc., are becoming more and more popular worldwide. The global yeast market is growing because of this factor. As consumer demand for yeast grows, manufacturers in Asian nations are likewise producing more of the substance.
Yeast Market: Restraints
The availability of alternatives hinders market growth.
One of the primary factors impeding the growth of the yeast sector for application in animal feed is the availability of substitutes. Product penetration is being hampered by the widespread use of substitute feed sources in a variety of industry verticals, including soybeans, insects, and others. However, the increasing attention that industry participants are paying to strengthen the supply chain and the growing customer consciousness about the advantages of yeast feed components will help producers get over this problem.
Read all the major drivers and trends of the yeast market in the Smart Book.
Yeast Market: Regional Landscape
Europe dominated the Yeast market in 2022
The European region’s processed food and bread businesses are experiencing considerable expansion as customers’ lifestyles change and disposable income levels rise. The European yeast market is expanding rapidly as a result of rising consumption of processed foods, increased alcohol consumption, and increased knowledge of the nutritional potential of yeast. The European Union market is mostly focused on bread production applications. Increased consumption of cakes, bread, pastries, and alcoholic beverages has increased the demand for yeast in European countries.
Read more competitive developments in the Yeast Market Smart Book.
Yeast Market Key Companies
AngelYeast Co., Ltd. (China)
Lesaffre Group (France)
Lallemand Inc. (Canada)
Associated British Foods PLC (UK)
Alltech (US)
Chr. Hansen Holdings A/S (Denmark).
Yeast Market Segmentation:
The global yeast market has been segmented into service, end-user, and mode of transit.
Based on type, baker’s yeast, brewer’s yeast, probiotic yeast, wine yeast, and other types are segments of the global yeast market. The baker’s yeast segment dominated the market in 2022. This is due to baker’s yeast’s low cost and wide range of applications in industries such as food and feed. The expansion of the baker’s yeast market is closely related to the increase in bakery item consumption. The rise in bakery product consumption, particularly bread, in developed nations is expected to drive the expansion of the baker’s yeast industry. Furthermore, the All India Bread Manufacturers Association (AIBMA) estimates that India’s per capita bread consumption is between 1.5 and 1.75 kg. As a result, increased consumption of bakery products, notably bread, adds to the market growth of the baker’s yeast segment throughout the forecast period.
Based on genus, the market is classified into saccharomyces, kluyveromyces, and other genera. In 2022, the saccharomyces processing category dominated the global market. The most significant genus of yeasts available on the market is Saccharomyces. The most used yeast in the world, Saccharomyces cerevisiae, is used in a variety of industries, including food and beverage, feed, pharmaceutical, and biofuels. It is often referred to as brewer’s or baker’s yeast. Manufacturers find Saccharomyces cerevisiae to be an appealing option due to its ease of production and affordability.
Based on form, the market is classified into active, instant, and fresh. In 2022, the active category dominated the global market. Dry yeast that has undergone partial dehydration is known as active yeast. Fresh yeast is more perishable than this, and it spoils more quickly. Granular and powdered versions of active yeast are available and are commonly used in baking and brewing.
Based on application, the market is classified into food and feed. In 2022, the food category dominated the global market as baked goods were consumed in large quantities. This market is expected to increase in the food industry because of the rising demand for clean-label and free-from products and the rising consumption of organically extracted ingredients. To meet the demands of the food business, prominent firms, including Associated British Food PLC (UK), Oriental Yeast Co., Ltd. (Japan), and AngelYeast Co., Ltd. (China), are continuously seeing growth in output.
Segmentation:
Yeast Market, By Type |
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Yeast Market, by Genus |
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Yeast Market, by Form |
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Yeast Market, By Geography |
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Frequently Asked Questions (FAQs):
- Which key factors will influence yeast market growth over 2023-2030?
The main reasons anticipated to propel the yeast market during the forecast period are the introduction of food and drink products utilizing yeast variations and the rising demand for products made with organic yeast.
- What will be the value of the yeast market during 2022-2030?
According to the report, the global yeast market size was worth USD 4.12 billion in 2022 and is estimated to grow to USD 7.42 billion by 2030, with a compound annual growth rate (CAGR) of approximately 7.63% over the forecast period.
- Which region will contribute notably towards the yeast market value?
Europe is anticipated to continue leading the yeast market throughout the projected period.
- Which are the major players leveraging the Yeast market growth?
Some of the main competitors dominating the global yeast market include – AngelYeast Co., Ltd. (China), Lesaffre Group (France), Lallemand Inc. (Canada), Associated British Foods PLC (UK), Alltech (US), and Chr. Hansen Holdings A/S (Denmark).
