Yeast Market Insights
The global yeast market is expected to grow at a significant CAGR of 9.60% over the forecast period. This growth is mainly attributed to the rising application of yeast in various sectors such as bakeries and alcoholic beverages among others. Along with this, the rising demand for convenience food is likely to stimulate market growth.
Advantages such as nutritional value of yeast are projected to contribute to the rising consumption of the product in processed food and ready to eat items. Moreover, rising trend of adoption of bioethanol in the pharmaceutical and bio technology sector is expected to augment market growth over the coming years.
However, stringent government regulations related to production of yeast coupled with shortage of raw materials are anticipated to affect the profitability of market.
Yeast Market: Type Insights
On the basis of technology, the industry is segmented into bakers, brewers, wine, feed and bioethanol yeast among others. The market for baker’s yeast is expected to occupy the highest share owing to the growing trend of consumption of bakery foods such as bread, biscuits and dough among others coupled with processed food globally.
Yeast Market: Form Insights
By type, the industry is segmented into dry, instant and fresh yeast among others. The fresh segment is anticipated to register a significant growth rate over the forecast period on account of the rising application of yeast in bakery products such as biscuits, dough, bread and cakes among others.
Yeast Market: Application Insights
The food sector includes bakery, alcoholic beverages and prepared food among others. The food segment is anticipated to dominate the market over the forecast period owing to rising application of yeast in bakery, snack seasonings, alcoholic beverages, ready to eat food items and processed food such as fish and meat among others.
The other segment which includes industrial and pharmaceutical sector is projected to grow significantly over the years on account of growing adoption of bio ethanol as an alternative fuel.
Yeast Market: Regional Insights
Europe occupied the largest share of this market in the past few years. This can be attributed to the growing consumption of alcoholic beverages coupled with processed food. Moreover, the rising awareness towards the nutritional value of yeast is likely to boost market growth.
Asia Pacific is also expected to emerge as a key revenue generating region. This can be associated with the rising adoption of processed and ready to eat food items in this region. Demand is expected to rise from countries such as India, China, Australia and Japan.
Yeast Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Yeast Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase yeast over the coming years. Some leading consumers of this market are Nestlé, Archer Daniels Midland Company, Heineken, NH Foods and Carlsberg Group.
Yeast Market: Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include AngelYeast Co., Ltd (China), Chr. Hansen Holding A/S (Denmark), Alltech, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Lesaffre Group (France), Lallemand Inc. (Canada), Oriental Yeast Co., Ltd.(Japan), Leiber GmbH (Germany), Synergy Flavors (U.K.) and Associated British Foods plc (U.K.).
In January 2018, New Belgium Brewing introduced Voodoo Ranger Juicy Haze IPA which is an unfiltered beer made with Citra, Cascade, Centennial, Simcoe and Nugget hops. The new IPA is fermented with American Hefeweizen yeast.
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