Product ID: SQMIG30E2031
Report ID: SQMIG30E2031 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 94 | Figures: 76
Global Yeast Ingredients Market size was valued at USD 2.99 billion in 2021 and is poised to grow from USD 3.1 billion in 2022 to USD 5.68 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).
The demand for natural and organic yeast ingredients is increasing due to the rising trend of clean-label and natural ingredients. Consumers are increasingly looking for products that are free from artificial additives, preservatives, and chemicals. As a result, manufacturers are focusing on developing natural and organic yeast ingredients to cater to the growing demand. Lesaffre Group, Angel Yeast Co. Ltd., and Koninklijke DSM N.V. are some of the major players operating in the global market. Lesaffre Group is the leading player in the global market. The report highlights that the company is focusing on expanding its product portfolio and increasing its production capacities to cater to the growing demand for yeast ingredients worldwide. According to the WHO, yeast is generally recognized as safe (GRAS) for consumption and has been used for centuries as a food ingredient, including in the production of fermented foods and beverages. The Centers for Disease Control and Prevention (CDC) is a U.S.-based agency responsible for monitoring and controlling the spread of infectious diseases. The CDC notes that yeast is commonly used in food production and poses no significant health risks to the general population.
The National Institutes of Health (NIH) is a U.S.-based agency responsible for conducting biomedical research and promoting public health. The NIH recognizes the potential health benefits of yeast ingredients, particularly in the form of nutritional yeast. Nutritional yeast is a good source of protein, B vitamins, and minerals, and is often used as a dietary supplement or as a flavoring agent in vegetarian and vegan diets. The European Medicines Agency (EMA) is a regulatory body responsible for evaluating and approving medicines for use in the European Union. The EMA regulates the use of yeast in pharmaceuticals and medical products. Yeast is commonly used in the production of vaccines, such as the COVID-19 vaccine developed by Pfizer-BioNTech, which uses a small piece of messenger RNA wrapped in a lipid nanoparticle to stimulate an immune response. The Food and Drug Administration (FDA) is a U.S.-based regulatory agency responsible for protecting public health by ensuring the safety and efficacy of drugs, medical devices, and food products. The FDA regulates the use of yeast in food products and requires manufacturers to comply with labeling and safety regulations. Yeast is commonly used as a leavening agent in baked goods and as a flavor enhancer in savory foods, such as soups and sauces.
To get more reports on the above market click here to Buy The Report
Global Yeast Ingredients market is segmented by form, application, type, and region. Based on form, the market can be segmented into dry yeast, instant yeast, and fresh yeast. Based on application, the market can be segmented into food and beverages, animal feed, pharmaceuticals, and others. Based on type, the market can be segmented into baker's yeast, brewer's yeast, wine yeast, bioethanol yeast, feed yeast, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Form
By form, the market can be segmented into dry yeast, instant yeast, and fresh yeast. Dry yeast is the largest segment, accounting for the majority of the market share. Dry yeast is a dehydrated form of yeast that has a longer shelf life, is easy to store and transport, and is cost-effective. The segment is driven by its extensive use in bakery products, such as bread, cakes, and pastries. The growing demand for convenience foods, particularly in urban areas, is also driving the growth of the dry yeast segment.
Instant yeast is a rapidly growing segment, driven by its ease of use, quick activation time, and convenience. Instant yeast is a dry form of yeast that has been granulated and dried with a low heat treatment. It can be added directly to dry ingredients, eliminating the need for proofing, and has a shorter activation time than other forms. The segment is driven by the growing demand for convenience foods and the increasing popularity of home baking and DIY cooking.
Analysis by Application
By application, the market can be segmented into food and beverages, animal feed, pharmaceuticals, and others. The food and beverages segment is the largest market for yeast ingredients, accounting for the highest share of revenue. Yeast ingredients are widely used in the food and beverage industry for their properties such as flavor, texture, and nutritional value. The demand for yeast ingredients is high in this segment due to the growing demand for processed foods, convenience foods, and bakery products. The rising trend of veganism and vegetarianism has also contributed to the increased demand for yeast ingredients in the food industry.
The animal feed segment is another major market for yeast ingredients. Yeast ingredients are used as feed additives for animals to improve their health and productivity. Yeast ingredients such as yeast extracts, yeast cell walls, and yeast autolysates are used in animal feed as a source of protein, vitamins, and minerals. The demand for yeast ingredients in this segment is driven by the growing demand for meat and dairy products, as well as the increasing awareness of animal health and welfare.
To get detailed analysis on other segments, Request For Sample Report
North America dominated global yeast ingredients market due to its high demand for bakery and alcoholic beverages. The region's well-developed food and beverage industry and changing consumer preferences towards natural and organic products have fueled the growth of yeast ingredient consumption in recent years. The region has witnessed significant growth in the market of yeast ingredients, especially in the United States, Mexico, and Canada. The United States dominates the yeast ingredients market in North America. The country has a well-established food and beverage industry, which has led to high demand for yeast ingredients in various applications such as bakery, processed foods, animal feed, and alcoholic beverages. The growth of the market can be attributed to the increasing demand for healthy and nutritious foods and the trend of using natural ingredients in food production. Furthermore, the rising population, urbanization, and changing lifestyles have created a high demand for convenience foods, which is driving the growth of the yeast ingredients market. Mexico is another significant market in North America. The country's food and beverage industry has witnessed significant growth in recent years, driven by the increasing population, rising disposable income, and changing consumer preferences. The growth of the market in Mexico can be attributed to the high demand for baked goods, alcoholic beverages, and processed foods. Canada is also a significant market for yeast ingredients in North America. The country's food and beverage industry is witnessing significant growth due to the increasing population, rising disposable income, and changing consumer preferences. The growth of the yeast ingredients market in Canada can be attributed to the high demand for bakery products, processed foods, and alcoholic beverages.
Asia-Pacific (APAC) is one of the fastest-growing markets for yeast ingredients globally. The region has witnessed significant growth in the consumption of yeast ingredients, driven by the increasing demand for processed foods, bakery products, and alcoholic beverages. The growing population, rising disposable income, and changing consumer preferences are also contributing to the growth of the yeast ingredients market in the region. China is the largest market for yeast ingredients in APAC. The country has a well-developed food and beverage industry, and the rising population and increasing disposable income are driving the demand for processed foods, bakery products, and alcoholic beverages. The growth of the market in China can also be attributed to the trend of using natural and organic ingredients in food production. The country has a high demand for nutritional yeast, which is used in the production of health supplements, animal feed, and functional foods. India is another significant market for yeast ingredients in APAC. The country has a growing food and beverage industry, driven by the increasing population, rising disposable income, and changing consumer preferences. The growth of the market in India can be attributed to the high demand for bakery products, processed foods, and alcoholic beverages.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Increasing demand for specialty and artisanal products
Availability of raw materials
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The yeast industry is highly competitive, with numerous players operating in different segments of the market. The competition is primarily driven by factors such as product quality, innovation, price, and customer service. Companies in the yeast industry are investing heavily in research and development to develop new products and improve their existing ones, to stay ahead of the competition. In addition, companies are also focusing on expanding their market presence through strategic partnerships, collaborations, and mergers and acquisitions. The competitive landscape of the yeast industry is expected to remain intense, as companies continue to compete for market share and profitability in a rapidly evolving market.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global yeast ingredients market analysis, the market is a rapidly growing and dynamic market, driven by a range of factors, including increasing demand for natural and organic products, rising popularity of fermented foods and beverages, and growth in the bioethanol industry. Key players in the yeast industry are focusing on expanding their market presence through strategic partnerships, collaborations, and mergers and acquisitions. Furthermore, the growing demand for sustainable and eco-friendly products is also expected to drive innovation in the yeast industry, as companies seek to develop new products that are environmentally friendly and meet consumer demand. Overall, the yeast market is expected to continue growing, driven by a range of factors, and presents significant opportunities for players in the market to expand their product offerings and capture market share.
|Market size value in 2021||USD 2.99 billion|
|Market size value in 2030||USD 3.1 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Yeast Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Yeast Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Yeast Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Yeast Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.