Yeast Market Size Share Outlook Insights Trends Volume and Report 2023-2030

Global Yeast Market Set to Surge, Anticipated to Reach USD 9.0 Billion by 2030

In 2022, the Global Yeast Market demonstrated robust growth, soaring to USD 4.5 billion and is poised for substantial expansion, reaching an estimated USD 9.0 billion by 2030. Projections reveal a Compound Annual Growth Rate (CAGR) of 9.2% throughout the forecast period from 2023 to 2030. Central to this surge is the versatile microorganism, yeast, renowned for its pivotal role in the food and beverage industries.

Key Highlights:

Driving Forces: The market's ascent is attributed to the burgeoning demand for yeast-based products, fueled by the expanding bakery sector, a flourishing craft beer and wine industry, and a growing awareness of plant-based diets. Innovations in fermentation technologies and a diverse array of yeast strains further propel market dynamics.

Scope and Metrics:

CAGR: 9.2%
Forecast Period: 2023-2030
Segments Covered: By Type, Form, Application, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and other key insights.

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Market Dynamics:

Demand for Convenient Baking Solutions: The yeast market is propelled by a surging demand for convenient and time-saving baking solutions. Alternative yeast forms, such as active dry yeast, instant yeast, and fresh yeast, are gaining traction due to their ease of incorporation, shorter fermentation times, and extended shelf life.

Challenges: Raw material availability and costs pose challenges for the yeast market's growth and stability. Fluctuations in prices and availability of key raw materials like molasses impact production costs, requiring vigilant management by manufacturers to ensure stability.

Segment Analysis:

Leading Segment: Baker's yeast, specifically Saccharomyces cerevisiae, dominates the market with a 70% share. Widely utilized in the baking industry, it caters to various applications, including bread production, confectionery, pastries, rolls, cakes, and pizza dough.

Geographical Penetration: North America emerges as the largest market globally, driven by yeast fermentation, propagation, and the availability of diverse yeast strains. The region's strong emphasis on food and beverage innovation contributes to its significant yeast market share.

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Market Players:

Major global players shaping the yeast market include Kerry Group, Lesaffre Group, AB Vista, Lallemand Inc., Bio Springer S.A., Angel Yeast Co. Ltd, ADM, Chr. Hansen Holding A/S, Oriental Yeast Co., Ltd., and Pacific Ethanol, Inc.

By Type:

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

By Form:

Fresh Yeast
Active Dry Yeast
Instant Yeast
Others

By Application:

Food
Feed
Others

By Region:

North America
The U.S.
Canada
Mexico
Europe
Germany
The U.K
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa

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This release was published on openPR.