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Brewer's Yeast Global Market Report 2023 -By Market Analysis, Share, Trends, Potential Growth Forecast To 2032
The Business Research Company's Brewer's Yeast Global Market Report 2023 identifies increasing consumer preference for alcoholic drinks as the major driver for the Brewer's Yeast market's growth in the forecast period. Alcoholic drink refers to any fermented beverage that contains ethyl alcohol, often known as ethanol, like beer, wine, or distilled spirits. Alcohol is produced by fermenting carbohydrates, carried out by active brewer yeast (Saccharomyces cerevisiae). Hence, the increasing consumer preference for alcoholic drinks will boost the brewer yeast market.
The global brewer yeast market size is expected to grow from $4.04 billion in 2022 to $4.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of brewer yeast market is expected to reach $6.35 billion in 2027 at a CAGR of 9.2%.
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Major competitors in the Brewer's Yeast market are Cargill Incorporated, Archer-Daniels-Midland Company, Associated British Foods Plc, Kerry Group Plc, Nutreco N.V.
A key trend in the Brewer's Yeast market includes product innovation. Major companies operating in the brewer yeast market are focusing on developing new products to sustain their position in the market. For instance, in June 2021, White Labs, a US-based producer of brewer's yeast, launched PurePitch Next Generation (PPNG) yeast for brewers. The unique feature of PPNG is that it is a high-grade product that streamlines the brewing process for brewers. The PPNG packaging has oversees for comfort and a connectable port for close-system inline yeast transfers to prevent contamination. Additionally, the pouches have a two-layer covering that is more breathable to lessen product inflation and keep the yeast healthy.
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The Brewer's Yeast market is segmented -
• By Type: Dry Brewer's Yeast, Fresh Brewer's Yeast, Instant Brewer's Yeast, Other Types
• By Distribution Channel: Salon And Breweries, Departmental And Superstores, Online
• By Application: Food Supplements, Feed Supplements, Other Applications
• By End-User: Food And Beverages, Pharmaceutical, Breweries, Nutraceutical Manufacturers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Brewer's Yeast market.
The Business Research Company's "Global Brewer's 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 Brewer's Yeast Market Include:
1. Executive Summary
2. Brewer's Yeast Market Characteristics
3. Brewer's Yeast Market Trends And Strategies
4. Brewer's Yeast Market - Macro Economic Scenario
6. Brewer's Yeast Market Segmentation
....................
32. Global Brewer's Yeast Market Competitive Benchmarking
33. Global Brewer's Yeast Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Brewer's Yeast Market
35. Brewer's Yeast Market Future Outlook and Potential Analysis
36. Appendix
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