USD 4362.6 million
Global Yeast Market Size, Share, Growth Analysis, By Nature(Organic and Conventional), By Type(Baker’s Yeast, Brewer’s Yeast), By Form(Active, Instant), By Genus(Saccharomyces, Kluyveromyces), By Application(Food, Feed), By Distribution Channel(Offline, Online) - Industry Forecast 2024-2031
Report ID:
SQMIG30C2067 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
168 |
Figures:
79
Global Yeast Market Insights
Yeast Market size was valued at USD 4362.6 million in 2019 and is poised to grow from USD 4755.65 million in 2023 to USD 9337.73 million by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
Yeast is one of the most versatile microbes, and its services are used in the pharmaceutical and food and beverage sectors to manufacture their products. It is high in protein, B vitamins, and minerals like chromium, selenium, copper, and zinc. Because of its capacity to improve fermentation and contribute aroma, taste, texture, and flavor to food, yeast is employed in the food and beverage sector. Because of its ability to successfully aid carbon release, yeast is regarded as the most consistent fermenting agent accessible globally. It is employed as a biofuel and food supplement in the biotechnology and pharmaceutical industries, respectively.
Yeast has a short shelf life and a wide range of applications in the food and beverage industries. Increased bakery and alcoholic beverage consumption is driving the global market. The global market is being shaped by an increasing preference for a healthy lifestyle, as well as the consumption of nutritious and necessary quantities of vitamins and minerals. Because it has just achieved a large client base, there is a significant need for enrichment choices. Further, organic and specialty markets have also gained substantial traction among the users owing to the wide market applications.
US Yeast Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Baker's yeast
Fastest Growth
Baker's yeast
Growth Rate
8.8% CAGR
Global Yeast Market($Mn)
Country Share for Europe Region (%)
Global Yeast Market size by Distribution channel ($Mn)
Global Yeast Market size by Distribution channel($Mn)
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Global Yeast Market Segmental Analysis
Global Yeast market is segmented based on nature, type, form, genus, application, distribution channel, and region. Based on the nature, the Yeast Market is segmented into organic and conventional. Based on the type, the Yeast Market is segmented into baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast. Based on the form, the Yeast Market is segmented into active, instant, fresh. Based on the genus, the Yeast Market is segmented into saccharomyces, kluyveromyces. Based on the application, the Yeast Market is segmented into food, feed, beverages. Based on the distribution channel, the Yeast Market is segmented into offline, online. Based on the region Yeast Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Yeast Market Analysis by Type
Based on the yeast market type, it is segmented into baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast. Among these, the baker’s yeast segment of the market is projected to hold the most substantial share in the market. 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.
Global Yeast market size by Distribution channel, 2023 (%)
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Global Yeast Market Regional Insights
In 2021, the European region is expected to have the biggest share of the market. The European region's processed food and bread businesses are experiencing considerable expansion as customers' lifestyles change and disposable income levels rise. The European 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 demand in European countries. Further, due to developments in technology and innovation in food ingredients, as well as increased consumption, as well as growing inventive businesses and people's lifestyles, the United States is predicted to lead the market in North America. China dominates the Asia-Pacific region as the country's need for bioethanol as a fuel, as well as bakery items and convenience foods, grows. Further, there are ample opportunities for the market in India owing to the growing awareness of the feed and nutritional yeast market.
Global Yeast Market Size By Geography, 2024-2031
- Largest
- Fastest
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Global Yeast Market Dynamics
Yeast Market Driver
- Yeast products are in high demand due to the expanding popularity of baking items such as bread, cakes, biscuits, cookies, and so on around the world. Changing lifestyles, increased spending capacity on food and beverages, packaged food consumption, and the appeal of baking and confectionery among consumers worldwide drive the global yeast industry. In the presence of oxygen, yeast turns sugar into energy, biomass, and carbon dioxide. Because yeast is a good source of vitamins and other dietary proteins, it can be used to make bread, cheese, vinegar, sourdoughs, fermented foods, and vegetables. Furthermore, increased vegan demand for nutritional yeast is producing revenue streams for market participants. Furthermore, an increased demand for feed has also upsurged the demand for feed yeast market; which significantly creates a scope for the market.
Yeast Market Restraint
- Despite various advantages offered by yeast, there are some factors that hinders the growth of the global market. Stringent government regulations for yeast and yeast derivative products are expected to limit the use of yeast which hinders the market growth.
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Global Yeast Market Competitive Landscape
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Yeast Market Top Player’s Company Profiles
- AB Mauri
- Lesaffre
- Angel Yeast Co. Ltd.
- Lallemand Inc.
- Koninklijke DSM N.V.
- Oriental Yeast Co. Ltd.
- Kerry Group
- Chr. Hansen Holding A/S
- Pak Group
- Biorigin
- Leiber GmbH
- Alltech Inc.
- Synergy Flavors
- Levex
- DCL Yeast Ltd.
- ICC Brazil
- Kothari Fermentation and Biochem Ltd.
- Kemin Industries Inc.
- Ohly
- Associated British Foods plc (ABF Ingredients)
Yeast Market Recent Developments
- In September 2022, Angel Yeast Co., Ltd. launched the new dry yeast product Premium Dry Yeast to address the baking challenges at Bakery China 2022 -- a global largest event serving the entire value chain for the bakery and confectionery market.
- In January 2020, Lesaffre Group established a new baking center in Abidjan, West Africa, for its subsidiary, Lesaffre Ivoire, to provide innovative bread-making solutions. This new facility would allow the company to better service its customers in West Africa, boost manufacturing capacity, and broaden its geographic reach.
Global Yeast Key Market Trends
- Rising demand for organic yeast will help the industry grow: With the increase in demand for organic products, consumers are gradually adding organic foods into their regular diet. Organic yeast is grown and processed using organic farming methods. Organic agriculture supplies the raw materials for yeast development. Organic yeast, as opposed to conventional yeast, uses a plant-based nitrogen source instead of ammonia or similar compounds. Various plant-derived compounds are used in the fermentation process to provide the yeast with all of the nutrition it needs to thrive. However, organic yeast has a lower value share than conventional yeast products, but it is expected to gain traction in the next years due to increased urbanization and consumer health awareness.
Global Yeast Market SkyQuest Analysis
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 the robust Secondary Desk research.
According to our analysis, global yeast market analysis is done based on nature, type, form, genus, application, distribution channel, and region. Based on the nature, the conventional segment of the market is projected to hold a substantial share. Based on the type, baker’s yeast segment of the market is projected to hold a substantial share. Based on the form, the instant segment of the market is projected to hold a substantial share. Based on the genus, saccharomyces segment of the market is projected to hold a substantial share. Based on the application, the food segment of the market is projected to hold a substantial share. Based on the distribution channel, the online segment of the market is projected to hold a substantial share. Based on the region, the North America and Europe region are projected to hold substantial shares.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4362.6 million |
| Market size value in 2031 | USD 9337.73 million |
| Growth Rate | 8.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Yeast Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Yeast Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Yeast 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Yeast Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Yeast 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.
Global Yeast Market Report Snapshots
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