Yeast Market is Anticipated to Undergo Significant Growth Through 2025
Increasing consumption of
ready-to-cook food products and demand for naturally sourced food additives are
acting as key growth factors for global yeast market.
According
to TechSci Research report, “Global Yeast Market By Type
(Baker’s Yeast, Bioethanol Yeast, Brewer’s Yeast, Wine Yeast, Feed Yeast and
Others), By Application (Food (Bakery, Non- Alcoholic Beverages, Alcoholic
Beverages), Feed and Others), By Form (Instant Yeast, Dry Yeast, Fresh Yeast
and Others), By Region, Forecast & Opportunities, 2025”, the market
is poised to undergo a rapid CAGR during the forecast period. Key factors
propelling the growth of global yeast market are increasing consumption of
bakery items like cakes, pastries, pies, scones, bread and biscuits in both
developed and developing nations along with growing popularity of home baking. Moreover,
growing demand for naturally sourced food additives due to increasing health
consciousness among consumers is also propelling the demand for yeast in global
market. The expanding bakery industry and changing consumer lifestyle has led
to rise in consumption of ready-to-eat food products which are serving as other
major factors for the growth of global yeast market.
Furthermore, increasing number of bakeries and
confectionaries and consumption of bread as staple food in most European
countries are augmenting the growth of global yeast market. Apart from this,
yeasts also find wide application in alcoholic drinks for fermentation. Thus,
with rising consumption of alcoholic beverages around the world, the yeast
market is expected to expand significantly over the coming years. Additionally,
manufactures are continuously working on introducing new variety of yeasts to
attract potential consumers and generate high revenue. The market is also
witnessing high demand for organic yeasts owing to their greater nutritional
properties. Moreover, the outbreak of COVID-19 saw significant rise in number
of home bakers which resulted in spiking demand for yeast as it works as a great fermenting agents.
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Global
yeast market is segmented based on type, application, form, company, and
region. Based on type, the market can be categorized into baker’s yeast,
bioethanol yeast, brewer’s yeast, wine yeast, feed yeast and others. Among
them, the baker’s yeast segment dominated the market until 2019 and is further expected
to maintain its leading position in the market during the forecast period. The
reasons can be attributed to increasing trend of consumption of processed food
items and bakery items around the globe.
In
terms of form, the global yeast market can be segmented into instant yeast, dry
yeast, fresh yeast, genetically modified yeast, and others. Among them, the
fresh yeast segment is anticipated to grow at a high CAGR through 2025 on
account of its wide use in bakery products such as bread, biscuits, and
pastries. However, dry yeast segment is also witnessing significant demand
owing to their high penetration in the global market.
Major players operating in the global yeast
market are Nutreco N.V., Kerry Group PLC, Associated
British Foods PLC, Lallemand Inc., Oriental Yeast Co., Ltd, Angelyeast Co.,
Ltd., Leiber GmbH, Archer Daniels Midland Company, Lesaffre and Synergy Flavors.
Leading market players are investing on new product launches to stay ahead in
global market. Other key growth strategies being adopted by companies are
mergers & acquisitions and partnerships.
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“Europe constitutes the biggest market for yeast owing
to presence of well-established bakery industry and high consumption of bakery
items in daily diets. The rise in consumption of alcoholic beverages and
convenience food are also making European countries a profitable market for
yeast manufacturers,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global
Yeast Market By Type (Baker’s Yeast, Bioethanol Yeast, Brewer’s Yeast, Wine
Yeast, Feed Yeast and Others), By Application (Food (Bakery, Non- Alcoholic
Beverages, Alcoholic Beverages), Feed and Others), By Form (Instant Yeast, Dry
Yeast, Fresh Yeast and Others), By Region, Forecast & Opportunities, 2025” has
evaluated the future growth potential of yeast market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global yeast market.
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