Yeast Market Size 2023, Growth Rate, Demand and Forecast Report By 2028

According to the latest report by IMARC Group, titled "Yeast Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global yeast market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

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Yeast Market Outlook:

Yeast refers to the eukaryotic, microscopic fungus that consists of single oval cells that reproduce through budding and can convert sugar into carbon dioxide and alcohol. It is found in nature, inhabiting soils, plants, and animals. It is a rich source of minerals, zinc, copper, selenium, chromium, vitamins, and proteins. It is widely used in the process of baking and fermenting, thereby enhancing the value of the nutritional property and flavoring foods. It is found in several items, including snack flavoring, bakery products, alcoholic beverages, meat products, salty foods, sauces, and nutritional supplements. It is also an essential component of many biotechnological processes, such as the production of enzymes, pharmaceuticals, and biofuels.

Global Yeast Market Trends:

Significant growth in the food and beverage industry is driving the global market. Coupled with this, the rising consumption of bakery products and alcoholic beverages is catalyzing the demand for yeast. Moreover, the increasing awareness among individuals about the high nutritional value and health benefits of inactivated nutritional yeast is creating a positive market outlook. Besides, continual technological developments in the biotechnology industry, such as advancements in yeast genetics, fermentation processes, and strain development, are providing a boost to the market across the globe. Furthermore, the increasing demand for biofuels as a clean energy source is fostering the demand for yeast as it is used in the production of bioethanol, which is a renewable and sustainable fuel source.

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Key Market Segmentation:

Top Yeast Companies Worldwide:

• Associated British Foods Plc
• Lesaffre & CIE
• Angel Yeast Co., Ltd
• Cargill, Incorporated
• Chr. Hansen A/S
• Alltech Group
• Lallemand Inc.
• Koninklijke DSM N.V.
• Nutreco N.V.
• Kerry Group plc
• Synergy Flavors, Inc.
• The Archer Daniels Midland Company
• Oriental Yeast Company Limited
• Diamond V Mills, Inc. (Diamond V)
• Pacific Ethanol, Inc.
• Leiber GmbH

Breakup by Form:

• Dry Yeast
• Instant Yeast
• Fresh Yeast
• Others

Breakup by Type:

• Baker's Yeast
• Brewer's Yeast
• Wine Yeast
• Bioethanol Yeast
• Feed Yeast
• Others

Breakup by Application:

• Food
o Bakery
o Alcoholic Beverages
o Prepared Food
o Others
• Feed
• Other Applications

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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