Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the yeast market provides in-depth analysis of segments and sub-segments in the global as well as regional yeast market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional yeast market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global yeast market. According to the report, the global yeast market is projected to grow at a CAGR of 9.82% over the forecast period of 2021-2027.
The reported study estimated the market for Yeast to be about USD 4.30 billion in 2021, and will reach more than 7.50 billion in 2027, with a Compound Annual Growth Rate of 9.82%, over the forecast period (2021-2027). A unicellular organism that evolved from multicellular ancestors is known as yeast. Yeasts have some species with the ability to develop multicellular characteristics by forming strings of connected budding cells known as pseudohyphae or false hyphae. Furthermore, the yeast species converts carbohydrates to carbon dioxide and alcohol by using the fermentation process. Hence, yeasts have been used for thousands of years in baking and the product of alcoholic beverages. Moreover, yeast and yeasts extract are commonly used in baked goods, nutritional supplements, probiotics, and others. Also, the baker’s yeast is used to manufacture ethanol, baked goods, and antibiotics, additionally, in the creation of alcoholic drinks where Saccharomyces cerevisiae spices can also be detected. Hence, yeast and yeast extracts adoption is increased due to its demand for pharmaceutical, feed, and pet food products. Also, there is rising demand for bakery products, an increasing global trend of purchasing alcoholic beverages, and increased global demand for bioethanol as fuel. The global market share of yeast is expanding. Furthermore, the commercialization of yeast can be the transformation period for the yeast business.
The outbreak of COVID-19 has negatively impacted the food and beverages industry by the closure of manufacturing facilities, which resulted in a drop in the demand for the yeast market. The COVID-19 pandemic has disturbed the supply chain of the food and beverages industry, due to which players in the yeast market have faced tremendous losses. These players are now trying to nurture their supply chain. They speed up their operation to prevent future income losses, with the primary aim of preventing the spread of COVID-19 among healthcare professionals. Furthermore, the worldwide market can recover more quickly in the future, with the progressive lifting of the lockdown across countries and the containment of the novel coronavirus. The yeast market is expected to grow shortly due to the expanding consumption of alcoholic beverages, strong demand for bakery items worldwide, and a growing focus on improving animal feed production. Furthermore, other factors propelling the market's growth are growing consumer awareness of health issues, changing lifestyles, strong demand for high nutrition, and high quality convenience food will also contribute to the yeast market's growth. Moreover, top companies are continually looking for methods to cater to evolving consumer needs for gaining loyalty and strengthening their market position. Additionally, yeast consumption is expected to rise due to the growing importance of local bakeries in many nations. Also, industry partners are projected to benefit from high innovation and manufacturing capabilities and strong customer interactions, which will help them achieve new heights in the market. On the other hand, the market’s growth could be hampered by the factors like high demand for critical raw materials and lack of understanding among farmers. Furthermore, due to the lack of government assistance in several countries and shrinking R&D funds, the market’s growth shortly. Moreover, food safety regulations for red yeast extract products can be a prime reason for the slowdown of the market’s growth. However, the rising disposable income and growing trend of consuming alcoholic beverages can be an excellent growth opportunity for the manufacturers of the yeast market.
The yeast market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe leads the global market with a market share of more than 33.02 percent and will surely change the yeast market outlook. Germany should be the fastest-growing market, followed by the United Kingdom and France, due to the high consumption of processed foods and alcohol. The increased consumption of bread, cakes, alcoholic beverages, and pastries remains the prime reason for the high demand for yeast in several European countries. Furthermore, the United States remains North America’s biggest revenue-generating market because the United States is a significant producer of biofuel; due to this reason, North America is projected to make the most improvements. In addition, the United States is a leading producer of biofuels, particularly algae-based fuels that rely heavily on yeast in their production. Hence, the demand for yeast in-country and eventually for the region is strong, and it is expected to increase in coming years. Moreover, the Asia Pacific region is also expected to grow in the yeast market in the forecast period due to the increased number of people following trends of weekend parties in countries like India and China. Hence, the demand for yeast in the region is expected to grow during the forecast period.
The report on global yeast market covers segments such as type, form, and application. On the basis of type, the sub-markets include baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast, and others. On the basis of form, the sub-markets include dry, instant, fresh, and others. On the basis of application, the sub-markets include foods, beverages, feed, and others.
The report provides profiles of the companies in the market such as Associated British Foods PLC, Hansen A S, Angel Yeast, Lallemand Inc., Lesaffre, Leiber GmbH, Novozymes, Koninklijke DSM N.V., Kerry Group PLC, and Synergy Flavors.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of yeast market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Please Choose One of them.