The global yeast market is expanding significantly through a variety of factors. Yeast is in greater demand due to all of the food and beverage industry's uses for it, including baking, brewing, and fermentation. As consumer preference for natural and clean-label ingredients rises, so does the demand for yeast as a natural food additive. Additionally, the market is growing as plant-based diets gain popularity, and yeast is increasingly used in animal feed. The demand for high-quality baked goods is increasing in the bakery industry as consumer preferences shift toward packaged and convenient food options. At the forefront of this expansion is baker's yeast, which is renowned for its capacity to improve flavor and texture.
According to Data Bridge Market Research, the Yeast Market is valued at USD 4.63 billion in 2021 and is expected to reach the value of USD 6.75 billion by 2029, at a CAGR of 8.7% during the forecast period of 2022-2029
“Rising health consciousness surge market demand"
As consumers prioritize their health and seek natural and nutrient-rich ingredients in their diet, the demand for yeast-based products is on the rise. Yeast is recognized for its nutritional benefits, including its rich source of vitamins, minerals, and proteins. Products like nutritional yeast and yeast extracts have gained popularity due to their nutritional profile and their ability to enhance flavors in various dishes. The increasing health consciousness among consumers drives the demand for yeast-based products as a natural and nutritious ingredient choice.
What restraints the growth of the yeast market?
“Product substitution can impede the market growth”
In certain baking applications, yeast can be substituted with alternative ingredients or technologies such as enzymes or chemical leavening agents. These substitutes offer similar leavening properties and can partially replace yeast. The availability and adoption of these substitutes can restrict the growth potential of the yeast market in specific segments, as customers may choose alternative options based on factors like cost, convenience, or specific product requirements. Manufacturers in the yeast market need to innovate and differentiate their products to maintain competitiveness in the face of such substitution challenges.
Segmentation: Global Yeast Market
The yeast market is segmented on the basis of type, form, application
- On the basis of type, the yeast market is segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, others.
- On the basis of form, the yeast market is segmented into fresh yeast, active dry yeast, instant yeast, others.
- On the basis of application, the yeast market is segmented into food, beverages, bioethanol, pharmaceuticals, and feed.
Regional Insights: Europe dominates the global yeast market
Germany's dominance in the European yeast market is attributed to its thriving bakery and breweries industries. The country boasts a significant yeast consumption in industrial and artisan applications, accounting for approximately 60% of the total yeast consumed in Europe. The robust demand for bakery products and the presence of a large hub of bakeries contribute to the high utilization of yeast ingredients in Germany. This market dominance reflects the country's strong position in the European yeast industry.
The United States is poised to dominate the North American yeast market due to several factors. Technological advancements and innovations in food ingredients have created opportunities for yeast manufacturers to develop and introduce new products. Additionally, the growing consumption of yeast-based products is driven by consumers' evolving lifestyles and preferences. The presence of innovative industries and a strong market demand further contribute to the expected dominance of the United States in the North American yeast market.
To know more about the study, visit, https://www.databridgemarketresearch.com/ru/reports/global-yeast-market
Recent Developments in Global Yeast Market
- In 2019, Lallemand Baking will introduce LalFerm, a fresh bakers yeast brand, in North America. For their various applications (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, vitamin D rich, etc.), the new brand offers Bakers customized yeast solutions.
The Prominent Key Players Operating in the Global Yeast Market Include:
- Dun & 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.)
Above are the key players covered in the report, to know about more and exhaustive list of global yeast market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global Yeast Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
