Global Yeast Ingredients Market Size, Share, Growth Analysis, By Form(Dry Yeast, Instant Yeast), By Application(Food and Beverages, Animal Feed), By Type(Baker's Yeast, Brewer's Yeast) - Industry Forecast 2024-2031

Report ID: SQMIG30E2031 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 94 | Figures: 76

Global Yeast Ingredients Market News

In March 2023, Kerry Group announced the acquisition of a majority stake in Bioseutica, a Dutch-based company that specializes in the production of functional proteins and peptides.

In January 2023, Angel Yeast Co., Ltd. launched a new range of yeast extracts and flavor enhancers for the food industry. The products are designed to provide natural flavor and aroma to a variety of food applications, including soups, sauces, and snacks.

In September 2022, Lesaffre Group announced its plans to invest €50 million in a new yeast production facility in Russia. The new plant will have a production capacity of 20,000 tons per year and will help the company expand its presence in the Russian market.

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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 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. 'Koninklijke DSM N.V.', 'Kerry Group', 'Chr. Hansen Holding A/S', 'Lesaffre et Compagnie', 'AB Mauri', 'Lallemand Inc.', 'Angel Yeast Co. Ltd.', 'Oriental Yeast Co. Ltd.', 'Biorigin', 'Leiber GmbH', 'Synergy Flavors', 'Kemin Industries Inc.', 'ICC Industries Inc.', 'Ohly', 'Alltech Inc.', 'Halcyon Proteins Pty Ltd.', 'Titan Biotech Ltd.', 'Sonnamera', 'DCL Yeast Ltd.', 'Omega Yeast Labs LLC.'

One significant driver of the yeast industry is the increasing demand for specialty and artisanal products. With consumers becoming more health-conscious and environmentally aware, there has been a growing demand for natural and organic products, including baked goods, craft beer, and artisanal wine. This trend has fueled the growth of the yeast industry as companies seek to develop new and innovative yeast strains to meet the unique needs of these markets. As a result, there has been an increasing emphasis on research and development in the yeast industry, with companies investing in new technologies and processes to create high-quality, natural, and sustainable yeast products that meet the demands of the specialty and artisanal markets.

One key market trend in the global market is the increasing demand for natural and organic products. Consumers are increasingly seeking out products that are free from artificial additives and preservatives, and are turning towards natural and organic options. This trend is reflected in the yeast market, with a growing demand for natural yeast, such as sourdough starter, and organic yeast. As such, yeast manufacturers are responding to this trend by developing new natural and organic yeast products and expanding their product offerings in this area. This trend is expected to continue, as consumers become more health-conscious and environmentally aware.

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.

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Global Yeast Ingredients Market Size, Share, Growth Analysis, By Form(Dry Yeast, Instant Yeast), By Application(Food and Beverages, Animal Feed), By Type(Baker's Yeast, Brewer's Yeast) - Industry Forecast 2024-2031

Global Yeast Ingredients Market News

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