Global Specialty Yeast Market 2023 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Specialty Yeast Global Market Report 2023 identifies increasing consumption of alcoholic beverages as the major driver for the Specialty Yeast market's growth in the forecast period. Alcoholic beverages are used to maintain optimum temperature, viscosity, and pressure during the production of alcoholic beverages. Specialty yeast is frequently employed in food and beverage such as alcoholic beverages to improve flavor, and fermentation which raises consumer demand for food items and expands the number of food and beverage production facilities, as a result, increasing consumption of alcoholic beverages increases the demand for specialty yeast market.

The global specialty yeast market size is expected to grow from $2.53 billion in 2022 to $2.70 billion in 2023 at a compound annual growth rate (CAGR) of 6.68%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global specialty yeast market size is expected to grow to $3.51 billion in 2027 at a CAGR of 6.78%.

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Major competitors in the Specialty Yeast market are Associated British Foods plc., Archer-Daniels-Midland Company, Lallemand Inc., Chr. Hansen Holding A/S, Kerry Group Plc.

A key trend in the Specialty Yeast market includes advancements in technology. Technologically advanced techniques are used for the development of specialty yeast. Presence of several major players that are developing specialty yeast. A number of institutions, groups, and associations are working to raise awareness of the specialty of yeast products. For instance, in February 2020, Novozymes A/S, a biotechnology company, unveiled the next yeast technology, Innova Fit. It is anticipated to assist ethanol producers in eliminating bottlenecks and improving plant efficiency. Innova Fit is the most sophisticated non-GM yeast on the market, and it removes the output limitations brought on by traditional and simple yeasts.

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The Specialty Yeast market is segmented -

• By Type: Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Other Type
• By Species: Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Other Species
• By Application: Food, Beverages, Feed, Other Application
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Specialty Yeast market.

The Business Research Company's "Global Specialty Yeast Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Specialty Yeast Market Include:

1. Executive Summary
2. Specialty Yeast Market Characteristics
3. Specialty Yeast Market Trends And Strategies
4. Specialty Yeast Market - Macro Economic Scenario
5. Specialty Yeast Market Size And Growth
……………………………………
26. Africa Specialty Yeast Market
27. Specialty Yeast Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Specialty Yeast Market
29. Specialty Yeast Market Future Outlook and Potential Analysis
30. Appendix

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