Global Baker’s Yeast Market, By Application (Cakes, Pastries, Bread, Biscuits, Others), Form (Solid, Liquid/Cream, Dry or Powdered, Other Forms), Product (Active Dry Yeast, Inactive Dry Yeast), End Users (Bakery, Food, Feed, Other) - Industry Trends and Forecast to 2031.
Baker’s Yeast Market Analysis and Size
Nowadays, increasing awareness regarding the health benefits of consuming bakery products such as baker’s yeast has led to a rise in their demand among consumers across the globe which will enhance the market growth during the forecast period of 2024 to 2031.
Data Bridge Market Research analyzes that the global baker’s yeast market was valued at USD 700.56 million in 2023 and is expected to reach the value of USD 1,558.33 million by 2031, at a CAGR of 10.51% during the forecast period of 2024 to 2031. The “cakes” segment is expected to dominate the market. 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.
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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2024 to 2031
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CBase Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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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By Application (Cakes, Pastries, Bread, Biscuits, Others), Form (Solid, Liquid/Cream, Dry or Powdered, Other Forms), Product (Active Dry Yeast, Inactive Dry Yeast), End Users (Bakery, Food, Feed, Other)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Hungary, Italy, Rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa
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Market Players Covered
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Dun and Bradstreet, Inc (U.S.), Conagra Brands, Inc. (U.S.), London Dairy Co. Ltd (U.K.), Danone SA (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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Market Definition
Baker’s yeast is also known as Saccharomyces cerevisiae. Baker’s yeast has been the main ingredient of the baking industry. Baker's yeasts are unicellular eukaryotic fungi produced by completely different mechanisms than bacteria and many other prokaryotic microorganisms. Almost all organelles found in a mature eukaryotic cell can be found in baker's yeast. Baker's yeast is mainly used as a leavening agent because it aids fermentable sugar present in the dough to change into ethanol and carbon dioxide.
Global Baker’s Yeast Market Dynamics
Drivers
- Surging demand for organic food products
Baker's yeast was primarily used as a vital ingredient in the bakery market. Bread, brown bread, rye bread, whole wheat bread, buns, white bread, and a variety of other bakery products are in high demand all over the globe. These dominant factors are expected to drive the market growth forward. Organic food retail sales have augmented as consumer awareness regarding the benefits of organic food has developed
- Increasing adoption of baker's yeast due to its beneficial characteristics
Baker's yeast is becoming more popular in bakery products as a leavening agent worldwide because it can be stored for extended periods at room temperature without losing any of its properties. One of the major factors that is expected to drive the growth of the baker's yeast market is the expansion of high-quality baker's yeast to increase its applications as a leavening agent in bakery products
Opportunity
- Growing demand for bakery products
Packed baked products, such as cake, are anticipated to witness major demand in the upcoming years, due to the increasing preference for eating packed cakes among consumers such as snack, mostly among children all over the globe. The consumption of pizza has been trending at its highest level in the last few years and is showing development in pizza-focused concepts across various channels, which is expected to generate numerous opportunities for the baker’s yeast market growth during the forecast period. The sales of bakery products have been driven by the ongoing increase in demand for free-from ranges and the impact of inflation on retail costs, further increasing the demand for baker’s yeast in bakery product application.
Restraint/Challenge
- Surging stringent government rules and the high cost of organic food
Stringent government rules and regulations for baker's yeast and its derivative products are anticipated to limit the use of baker's yeast. However, the consumption of organic food is beneficial to the overall health of consumers because it increases the cost of organic products. Organic food is normally more costly due to agricultural processing and production costs. The requirement for legal regulations in a particular country also contributes to the high pricing of products, which limits the market growth.
Recent Development
- In 2019, Lallemand Baking launched a new brand of fresh baker's baker's yeast named LalFerm in North America. This new brand delivers Bakers with customized baker's yeast solutions for their applications, such as rich dough, frozen dough, flexible proofing, lean dough, sweet dough, Vitamin D rich, and many others
Global Baker’s Yeast Market Scope
The baker’s yeast market is segmented on the basis of application, form, product and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Cakes
- Pastries
- Bread
- Biscuits
- Others
Form
- Solid
- Liquid/Cream
- Dry or Powdered
- Other Form
Product
- Active Dry Yeast
- Inactive Dry Yeast
End Users
- Bakery
- Food
- Feed
- Other
Global Baker’s Yeast Market Regional Analysis/Insights
The baker’s yeast market is analyzed and market size insights and trends are provided by country, application, form, product and end users are as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.
Europe is expected to dominate the market due to rising consumer awareness regarding health and high demand for bakery products in this region.
North America is expected to be the fastest developing region due to the increasing demand for nutritional yeast flakes as a substitute to cheese in vegan consumers in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Baker’s Yeast Market Share Analysis
The baker’s yeast market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to baker’s yeast market.
Some of the major players operating in the baker’s yeast market are:
- Dun and Bradstreet, Inc (U.S.)
- Conagra Brands, Inc. (U.S.)
- London Dairy Co. Ltd (U.K.)
- Danone SA (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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