Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 4.75 Billion

Market Size (2029)

USD 7.79 Billion

CAGR (2024-2029)

8.68%

Fastest Growing Segment

Baker’s Yeast

Largest Market

Europe

Market Overview

Global Yeast Market has valued at USD 4.75 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 8.68% through 2029. Yeast is a type of fungus used primarily in baking and brewing. There are many species of yeasts, but the most commonly known is Saccharomyces cerevisiae, which is used in baking to make dough rise and in brewing to ferment sugars, creating alcohol. These processes occur due to the yeast's ability to metabolize sugars and release carbon dioxide and ethanol. Yeast is a key ingredient that has been utilized in food production for thousands of years. The yeast market refers to the global industry centered around the production and distribution of yeast, a key ingredient used in many sectors such as baking, brewing, and winemaking. This market encompasses various types of yeast, including baker's yeast, brewer's yeast, and nutritional yeast, each with their distinct applications. Trends within the yeast market are influenced by consumer dietary preferences, advancements in yeast fermentation technology, and global demand patterns for yeast-based products.

Key Market Drivers

Rising Demand for Baked Goods

The global demand for yeast is anticipated to surge, primarily driven by the escalating demand for baked goods. Increasing consumer preference for convenience foods and changing dietary habits have been instrumental in the growth of the bakery industry worldwide, which in turn triggers the demand for yeast. Yeast, a crucial ingredient in baking, contributes to dough leavening and imparts a unique taste to baked products. Furthermore, the rising trend of consuming fermented foods for their probiotic benefits is another factor fueling yeast market growth. Health-conscious customers are seeking bakery products with lower salt and sugar contents, and richer in fibres and grains. Yeast producers have responded by developing variations of yeast that can aid in baking such products. Additionally, the burgeoning popularity of artisanal bread and the growing interest in home baking, boosted further by the COVID-19 lockdowns, have also proliferated the demand for yeast. Hence, the global yeast market is poised for substantial growth, riding on the coattails of the expanding bakery industry.

Increased Use of Yeast as a Replacement For MSG

The global demand for yeast is anticipated to escalate as it's progressively utilized as a substitute for Monosodium Glutamate (MSG), a commonly used flavor enhancer. Yeast, known for its natural umami flavor, is gaining recognition in the food industry for its health benefits and natural origin, aligning with the growing consumer trend towards healthier, more natural food products. Scientific studies have revealed potential health risks associated with MSG, including headaches, flushing, and sweating, prompting consumers to seek healthier alternatives.

Yeast, apart from being a substitute for MSG, offers a wide range of nutritional benefits. It is rich in proteins, vitamins, and minerals, making it a valuable source of nutrition. The ability of yeast to enhance flavor in food without the potential side effects of MSG makes it an ideal choice for health-conscious consumers. In response to the increasing demand, yeast manufacturers are ramping up production to meet the burgeoning market needs. This surge in production is expected to drive robust growth in the global yeast market in the near future, as more and more food companies recognize the benefits of using yeast as a replacement for MSG.

Growth of the Dairy Industry

The global dairy industry is witnessing an unprecedented expansion, which is predicted to surge the demand for yeast worldwide. Yeast, a key ingredient in various dairy products such as cheese and yogurt, is essential for fermentation, enhancing the taste, texture, and nutritional value of the products. As consumer preferences shift towards healthier and probiotic-rich options, the demand for these yeast-fermented products is expected to rise. Additionally, the growth in the dairy industry is fueled by increasing population, urbanization, and rising income levels, particularly in emerging markets. These factors, coupled with the introduction of innovative products by dairy companies, are likely to propel the global yeast market. Furthermore, yeast is an excellent source of protein and vitamins, meeting the nutritional needs of the burgeoning global population. Therefore, the surge in the dairy industry, coupled with these factors, is expected to significantly raise the demand for yeast on a global scale.

Increased Demand of Yeast-derived Nutritional Supplements

The global yeast market is projected to witness significant growth due to the rising demand for yeast-derived nutritional supplements. These supplements, rich in essential nutrients like proteins, vitamins, and minerals, have gained popularity for their potential health benefits. The increasing understanding of gut health's importance has led consumers to seek probiotics and other dietary supplements, where yeast-based products play a prominent role. Furthermore, the awareness about maintaining a balanced diet and strengthening the immune system, especially in the wake of the COVID-19 pandemic, has fueled the demand for these supplements. As a result, yeast manufacturers worldwide are scaling up their production capacities to meet this increasing demand. Additionally, the yeast industry has also benefited from the growing trend of clean-label products, as consumers tend to prefer natural and organic ingredients in their food and dietary supplements. Therefore, the surge in demand for yeast-derived nutritional supplements is expected to drive the global yeast market's growth significantly.


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Key Market Challenges

Fluctuating Raw Material Prices

Fluctuating raw material prices have a significant impact on global yeast demand. Yeast, an essential ingredient in many food and beverage industries, relies on consistent, cost-effective supply of raw materials such as molasses, sugar, and grains for its production. However, global economic instability, climate change, and trade policies are causing unpredictable shifts in these raw material costs. When costs rise, manufacturers are burdened with increased production expenses, often necessitating price hikes in their yeast-based products. Consumers, sensitive to these price changes, may decrease their consumption, accordingly, leading to a consequent drop in global yeast demand. Furthermore, the food and beverage industries, faced with these escalating costs, may explore cheaper alternatives, or adjust their production processes to use less yeast. This potential for substitution or reduction only intensifies the anticipated decrease in yeast demand. Thus, the volatility of raw material prices presents a significant challenge to the global yeast market, threatening to dampen demand in the face of escalating costs.

Stringent Regulations

Stringent regulations worldwide are expected to pose significant challenges to the global yeast industry, potentially reducing demand. Complexities in adhering to various food safety standards and stringent regulations on the quality and type of yeast used in different food items are some of the complications. For instance, the use of genetically modified (GM) yeasts is highly regulated. As yeast is a critical ingredient in numerous food and beverage items, restrictions on GM yeasts can limit product development and innovation, thereby affecting demand. Moreover, limitations on the use of certain yeasts in organic products pose additional challenges for manufacturers aiming to capitalize on the growing popularity of organic food. The ever-evolving nature of food regulations due to consumer health concerns adds another layer of uncertainty for the yeast industry. Collectively, these factors create a more complex regulatory environment that can constrain growth and decrease yeast demand globally.

Key Market Trends

Expansion of the Bio-Ingredients Industry

The global yeast market is projected to witness significant growth in the coming years, driven primarily by the expanding bio-ingredients industry. Yeast, a versatile microorganism known for its rich content of vitamins, proteins, and minerals, plays a critical role in various biotechnological processes. As the bio-ingredients sector continues to flourish, the demand for yeast as a biocatalyst in the production of bioethanol, biofertilizers, and biopolymers is expected to surge. Moreover, the industry's increasing emphasis on sustainable practices is propelling the use of yeast in waste management, leading to the generation of bioenergy. Yeast's ability to efficiently convert organic waste into valuable resources has gained attention and is contributing to a more sustainable and eco-friendly approach. This further enhances the prospects for yeast in the market.

Additionally, yeast's significance in the food and beverage industry cannot be downplayed. Its applications in baking, brewing, and flavor enhancement have been well-established, driving its demand worldwide. The unique properties of yeast contribute to the texture, taste, and quality of various food products, making it an indispensable ingredient in the culinary world. Furthermore, yeast has gained recognition for its probiotic properties, promoting gut health and overall well-being. This has led to its increased inclusion in dietary supplements and health products aimed at improving digestive health and immune function.

With the burgeoning bio-ingredients industry, coupled with the environmental, nutritional, and health benefits associated with yeast, the global demand for this versatile microorganism is set to escalate in the coming years. As research and innovation continue to uncover new applications and benefits of yeast, its potential for various industries and sectors is vast, paving the way for a promising future in the yeast market.

Rising Demand for Natural & Clean Label Products

The global yeast market is poised for significant growth, driven primarily by the rising demand for natural and clean label products. As consumers become increasingly health-conscious, there is a dramatic shift towards foods that are free from artificial additives and chemicals. Yeast, being a natural ingredient, fits perfectly into this paradigm. It is considered an excellent source of vitamins, proteins, and minerals, making it a preferred choice for health-conscious consumers. Additionally, yeast provides natural flavors to foods without the use of synthetic additives, aligning with the clean label trend. The baking industry, in particular, heavily utilizes yeast in various products, and its demand is expected to surge with the increasing consumption of bakery products around the world. Moreover, the burgeoning trend of veganism and vegetarianism is further propelling the market. As yeast is a plant-based ingredient, it's an ideal fit for vegan and vegetarian diets. Furthermore, yeast's potential as a probiotic and its role in improving gut health are creating new avenues for its application in the global food & beverage industry. Thus, the holistic shift towards natural, clean, and health-beneficial ingredients is anticipated to significantly boost the global demand for yeast.

Segmental Insights

Type Insights

Based on the Type, the Baker’s Yeast segment currently dominates the Global Yeast Market, holding a significant market share. This is primarily attributed to its widespread use in bakery products worldwide, ranging from bread to pastries and more. The demand for bakery products continues to surge, especially with the rising trend of online food delivery services and the convenience of ready-to-eat food products. Not only is Baker's Yeast widely utilized in traditional bakery items, but its versatility extends to various other culinary applications as well. Its unique ability to ferment dough and enhance the texture and flavour of baked goods has been instrumental in driving its growth and popularity in the global market. This has led to its incorporation in a wide array of products, including pizza crusts, donuts, cakes, bagels, and even certain types of alcoholic beverages like beer and wine.

The exceptional properties of Baker's Yeast, such as its natural leavening ability and its contribution to the overall sensory experience of baked goods, make it an indispensable ingredient for bakers and food manufacturers alike. Its use can result in soft, fluffy bread with a delightful aroma and flavour, making it a highly sought-after component in the industry. As consumers increasingly seek delicious and high-quality bakery products, the Baker's Yeast segment is well-positioned to meet their demands and further expand its market presence. With continuous advancements in yeast production techniques and ongoing research to develop innovative yeast strains, the potential for growth and diversification within this segment is immense. Overall, the dominance of the Baker's Yeast segment in the Global Yeast Market is not only a testament to its current market share but also a reflection of its adaptability, versatility, and the ever-increasing demand for delectable bakery products worldwide.

Application Insights

Based on the Application, the food segment is currently dominating the yeast market. The widespread use of yeast in various food products, such as bread, pastries, cakes, alcoholic beverages, and non-alcoholic beverages, is driving the growth of this segment. Yeast plays a crucial role in fermentation, contributing to the flavour, texture, and overall quality of these food and beverage products. Furthermore, the rising demand for bakery products, including artisan bread and specialty pastries, as well as the increasing consumption of alcoholic beverages across the globe, is expected to continue fuelling the dominance of the food segment in the yeast market. With its versatility and wide range of applications, yeast remains a key ingredient in the food industry, supporting innovation and satisfying the evolving tastes and preferences of consumers worldwide.


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Regional Insights

Europe stands out as the unrivaled leader in the Global Yeast Market, driven by its dominant presence in the bakery and brewery industries. The region's extensive network of traditional bakeries and renowned breweries, known for their time-honored craftsmanship and dedication to excellence, has propelled Europe to the forefront of yeast production. The European yeast industry boasts a rich heritage in artisanal baking and brewing, with centuries of experience and expertise passed down through generations. This deep-rooted tradition, combined with a commitment to innovation and quality, has enabled Europe to set the benchmark for yeast production worldwide.

Furthermore, Europe's position as a global leader in yeast is reinforced by the increasing consumer preference for natural food ingredients. As health-conscious consumers increasingly seek out products made with natural and clean-label ingredients, the demand for yeast in this thriving market continues to grow. European bakeries and breweries, leveraging their expertise and adherence to high-quality standards, are well-positioned to meet this demand and provide consumers with yeast products that meet their expectations for taste, quality, and naturalness. Europe's dominance in the Global Yeast Market is a result of its strong presence in the bakery and brewery sectors, its rich heritage in artisanal baking and brewing, and its ability to cater to the growing demand for natural food ingredients. With its unparalleled expertise, commitment to quality, and innovative spirit, Europe continues to lead the way in the yeast industry, setting new standards for excellence and inspiring the world with its remarkable yeast products.

Recent Developments

  • In February 2024, Novonesis, previously known as Novozymes launched New Yeast Technology Innova Delta. Within the Bioenergy sector, the Innova yeast platform has established itself as the foremost and most relied-upon yeast platform. Innova Delta ADY expands this portfolio by introducing a much-needed non-GM yeast solution, addressing a critical industry demand. This innovation enables facilities employing non-GM yeasts to achieve operational performance levels comparable to those utilizing the most advanced GM yeasts on a global scale. Innova Delta represents a significant advancement in ethanol production, enhancing both reliability and efficiency. This empowers ethanol producers to redefine their standards for production, business operations, and sustainability objectives.

Key Market Players

  • Nutreco N.V.
  • The Kerry Group plc
  • Associated British Foods plc
  • Angel yeast Co. Ltd.
  • Lallemand Inc.
  • ADM Company
  • Oriental Yeast Co., Ltd.
  • Lesaffre Yeast Corp.
  • Leiber GmbH
  • Synergy Flavors, Inc.

 

By Type

By Application

By Form

By Region

  • Baker’s Yeast
  • Bioethanol Yeast
  • Brewer’s Yeast
  • Wine Yeast
  • Feed Yeast
  • Others
  • Food
  • Feed
  • Others
  • Instant Yeast
  • Dry Yeast
  • Fresh Yeast
  • Genetically Modified Yeast
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Yeast Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Yeast Market, By Type:

o   Baker’s Yeast

o   Bioethanol Yeast

o   Brewer’s Yeast

o   Wine Yeast

o   Feed Yeast

o   Others

  • Yeast Market, By Application:

o   Food

o   Feed

o   Others

  • Yeast Market, By Form:

o   Instant Yeast

o   Dry Yeast

o   Fresh Yeast

o   Genetically Modified Yeast

o   Others

  • Yeast Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Yeast Market.

Available Customizations:

Global Yeast market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Yeast Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

3.6.  Voice of Customer

4.    Global Yeast Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Type (Baker’s Yeast, Bioethanol Yeast, Brewer’s Yeast, Wine Yeast, Feed Yeast and Others)

4.2.2.    By Application (Food (Bakery, Non- Alcoholic Beverages, Alcoholic Beverages), Feed and Others)

4.2.3.    By Form (Instant Yeast, Dry Yeast, Fresh Yeast, Genetically Modified Yeast, and Others)

4.2.4.    By Region

4.2.5.    By Company (2023)

4.3.  Market Map

5.    North America Yeast Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type

5.2.2.    By Application

5.2.3.    By Form

5.2.4.    By Country

5.3.  North America: Country Analysis

5.3.1.    United States Yeast Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.            By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.            By Type

5.3.1.2.2.            By Application

5.3.1.2.3.            By Form

5.3.2.    Canada Yeast Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.            By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.            By Type

5.3.2.2.2.            By Application

5.3.2.2.3.            By Form

5.3.3.    Mexico Yeast Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.            By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.            By Type

5.3.3.2.2.            By Application

5.3.3.2.3.            By Form

6.    Europe Yeast Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By Form

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    Germany Yeast Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Type

6.3.1.2.2.            By Application

6.3.1.2.3.            By Form

6.3.2.    United Kingdom Yeast Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Type

6.3.2.2.2.            By Application

6.3.2.2.3.            By Form

6.3.3.    Italy Yeast Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecasty

6.3.3.2.1.            By Type

6.3.3.2.2.            By Application

6.3.3.2.3.            By Form

6.3.4.    France Yeast Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.            By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.            By Type

6.3.4.2.2.            By Application

6.3.4.2.3.            By Form

6.3.5.    Spain Yeast Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.            By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.            By Type

6.3.5.2.2.            By Application

6.3.5.2.3.            By Form

7.    Asia-Pacific Yeast Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Form

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Yeast Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Type

7.3.1.2.2.            By Application

7.3.1.2.3.            By Form

7.3.2.    India Yeast Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Type

7.3.2.2.2.            By Application

7.3.2.2.3.            By Form

7.3.3.    Japan Yeast Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Type

7.3.3.2.2.            By Application

7.3.3.2.3.            By Form

7.3.4.    South Korea Yeast Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Type

7.3.4.2.2.            By Application

7.3.4.2.3.            By Form

7.3.5.    Australia Yeast Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Type

7.3.5.2.2.            By Application

7.3.5.2.3.            By Form

8.    South America Yeast Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Form

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Yeast Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Type

8.3.1.2.2.            By Application

8.3.1.2.3.            By Form

8.3.2.    Argentina Yeast Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Type

8.3.2.2.2.            By Application

8.3.2.2.3.            By Form

8.3.3.    Colombia Yeast Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Type

8.3.3.2.2.            By Application

8.3.3.2.3.            By Form

9.    Middle East and Africa Yeast Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Form

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Yeast Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Type

9.3.1.2.2.            By Application

9.3.1.2.3.            By Form

9.3.2.    Saudi Arabia Yeast Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Type

9.3.2.2.2.            By Application

9.3.2.2.3.            By Form

9.3.3.    UAE Yeast Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Type

9.3.3.2.2.            By Application

9.3.3.2.3.            By Form

10.  Market Dynamics

10.1.  Drivers

10.2.  Challenges

11.  Market Trends & Developments

11.1.  Merger & Acquisition (If Any)

11.2.  Product Launches (If Any)

11.3.  Recent Developments

12.  Porters Five Forces Analysis

12.1.  Competition in the Industry

12.2.  Potential of New Entrants

12.3.  Power of Suppliers

12.4.  Power of Customers

12.5.  Threat of Substitute Products

13.  Competitive Landscape

13.1.  Nutreco N.V.

13.1.1. Business Overview

13.1.2. Company Snapshot

13.1.3. Products & Services

13.1.4. Financials (As Reported)

13.1.5. Recent Developments

13.1.6. Key Personnel Details

13.1.7. SWOT Analysis

13.2.  The Kerry Group plc

13.3.  Associated British Foods plc

13.4.  Angel yeast Co. Ltd.

13.5.  Lallemand Inc.

13.6.  ADM Company

13.7.  Oriental Yeast Co., Ltd.

13.8.  Lesaffre Yeast Corp.

13.9.  Leiber GmbH

13.10.                Synergy Flavors, Inc.

14.  Strategic Recommendations

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Yeast Market was estimated to be USD 4.75 Billion in 2023.

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The food segment is currently leading in the yeast market, driven by the widespread use of yeast in products like bread, alcoholic beverages, and non-alcoholic beverages. The growing global demand for bakery products and alcoholic beverages is expected to further fuel the dominance of the food segment.

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Europe dominates the Global Yeast Market, particularly in the bakery and brewery sectors. Its well-established network of bakeries and breweries, known for their exceptional products, has positioned Europe as a key player in yeast production. The growing consumer preference for natural food ingredients has also contributed to the strong demand for yeast in this thriving market. Europe's rich heritage in artisanal baking and brewing has set the standard for quality and innovation in the yeast industry.

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Increased use of yeast as a replacement for MSG and growth of the dairy industry are the major drivers for the Global Yeast Market.

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Sakshi Bajaal

Business Consultant
Press Release

Yeast Market to Grow with a CAGR of 8.68% through 2029

Feb, 2024

Increased demand of yeast-derived nutritional supplements and growth of the dairy industry is expected to drive the Global Yeast Market growth in the forecast period, 2025-2029.