The yeast market offers a multitude of benefits, with the dominating segment being baker's yeast. Baker's yeast is widely used in the food industry, particularly in bread and pastry production, due to its leavening properties. It imparts a desirable texture and aroma to baked goods. Furthermore, yeast is a rich source of essential nutrients such as B vitamins and protein, making it valuable for the production of nutritional supplements and animal feed. Its versatility and nutritional value contribute to yeast's significance in the market.
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Data Bridge Market Research analyses that the North America Yeast Market was valued at USD 1,487.2 million in 2022 and is expected to reach the value of USD 2,814.47 million by 2030, at a CAGR of 8.3% during the forecast period of 2023-2030. The growing global population requires increased food production to meet rising demand. Yeast plays a crucial role in various food applications, such as bread, pastries, and fermented foods, as a key ingredient, contributing to higher yeast consumption in the food industry.
Key Findings of the Study
Alcoholic beverage production is expected to drive the market's growth rate
Yeast plays a pivotal role in alcoholic beverage production, such as beer, wine, and spirits. It is responsible for fermenting sugars into alcohol, creating the desired flavors and alcohol content. The booming craft beer industry has fueled increased yeast demand as smaller breweries experiment with unique strains for distinctive brews. This microorganism's versatility and significance make it an indispensable component in the world of alcoholic beverage manufacturing.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, Others), Form (Fresh Yeast, Active Dry Yeast, Instant Yeast, Others), Strains (Saccharomyces Cerevisiae, Saccharomyces Carlsbergiensis, Kluyveromyces Lactis and others), Derivatives (Cell Walls/MOS, High Purified Betaglucans, Yeast Culture)
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Countries Covered
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U.S., Canada and Mexico in North America.
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Market Players Covered
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Dun & Bradstreet, Inc (U.S.), Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone S.A. (France), ADM (U.S.), Daiya Foods Inc. (Canada), Grupo Bimbo S.A.B.de C.V.(Mexico), Associated British Foods PLC (U.K.), General Mills Inc. (U.S.), Lantmännen Unibake (Denmark), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), Cole’s Quality Food Inc.(U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The North America yeast market is segmented on the basis of type, form, strains, and derivatives.
- On the basis of type, the North America yeast market is segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, and others.
- On the basis of form, the North America yeast market is segmented into fresh yeast, active dry yeast, instant yeast, and others.
- On the basis of strains, the North America yeast market is segmented into saccharomyces cerevisiae, saccharomyces carlsbergiensis, kluyveromyces lactis, and others.
- On the basis of derivatives, the North America yeast market is segmented into cell walls/MOS, high purified betaglucans, and yeast culture.
Major Players
Data Bridge Market Research recognizes the following companies as North America yeast market players in North America yeast market are Dun & Bradstreet, Inc (U.S.), Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone S.A. (France), ADM (U.S.), Daiya Foods Inc. (Canada), Grupo Bimbo S.A.B.de C.V.(Mexico), Associated British Foods PLC (U.K.).
Market Developments
- On February 14, 2020, Novozymes, a Danish industrial biotech firm, introduced Innova Fit, a non-genetically modified (non-GM) yeast technology. This innovation was designed to address the limitations in biofuel production that traditional yeast strains often encounter. Innova Fit was developed to enhance efficiency and productivity in biofuel production processes, offering a promising solution to overcome common bottlenecks and potentially revolutionize the biofuel industry.
- On July 17, 2019, ICC Brazil announced a strategic partnership with Lallemand, focusing on the advancement, manufacturing, and distribution of ethanol derived from sugarcane and inactive yeast by-products. This collaboration leveraged ICC Brazil's expertise in animal nutrition and Lallemand's proficiency in yeast technology. Together, they aimed to explore sustainable ways of producing ethanol and utilizing yeast by-products in various applications, enhancing their positions in the biofuel and agriculture industries.
- In 2019, Lallemand Baking introduced LalFerm, a fresh baker's yeast brand, to the North American market. LalFerm offers tailored yeast solutions for a range of baking applications, including lean dough, sweet dough, rich dough, frozen dough, flexible proofing, and even Vitamin D-enriched options. This innovative product line empowers bakers with versatile yeast choices to meet specific needs, enhancing the quality and diversity of baked goods in the region's market.
Regional Analysis
Geographically, the countries covered in the North America yeast market report are U.S., Canada and Mexico in North America,
As per Data Bridge Market Research analysis:
Canada is the dominant region in the North America yeast market during the forecast period 2023-2030
Canada's dominance in the yeast market is attributed to the region's thriving innovative industries and the changing lifestyles of its population. As consumer preferences shift towards healthier and sustainable food choices, the demand for yeast products, such as nutritional yeast and yeast-based food ingredients, has surged. Additionally, Canada's strong food and beverage sector, supported by advanced research and development, positions it as a key player in yeast production, catering to the evolving dietary preferences of consumers.
U.S. is expected to dominate the North America yeast market in the forecast period 2023-2030
The U.S. is poised to lead the yeast market in North America, primarily driven by technological advancements and innovation in food ingredients. The region benefits from cutting-edge research and development, leading to the creation of new yeast-based products that cater to evolving consumer preferences for healthier and tastier foods. Additionally, the growing consumption of yeast in various food applications further solidifies the United States' dominant position in the North American yeast market.
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