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Brewer's Yeast Market 2024 - Global Industry, Key Strategies, Analysis, Business Segmentation, Latest Technology And Outlook By 2033
Brewer's Yeast Market
The Business Research Company presents an extensive market research report on the Brewer's Yeast Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The brewer's yeast market size has grown rapidly in recent years. It will grow from $4.46 billion in 2023 to $4.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increasing consumer preference for alcoholic drinks, rising prevalence of aortic stenosis, increasing healthcare expenditure, rising prevalence of chronic wounds..
The brewer's yeast market size is expected to see strong growth in the next few years. It will grow to $6.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing demand for natural and functional ingredients, craft beer boom, expansion of the animal feed industry, population growth and per capita consumer income growth, strong market growth, growing adoption of brewer's yeast in food and nutrition.. Major trends in the forecast period include product innovations, growing demand for seamless online purchasing experiences, impact of emerging technologies, influence of mergers and acquisitions, regional dynamics..
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Key Market Players:
Major companies operating in the brewer's yeast market report are Cargill Incorporated, Archer-Daniels-Midland Company, Associated British Foods Plc, Kerry Group Plc, Nutreco N.V., Sigma-Aldrich, Royal DSM NV, AngelYeast Co Ltd., Alltech Group, Chr Hansen Holding AS, Dawn Food Products Inc., Lallemand Inc., BiOrigin Specialty Products, Leiber GmbH, Northern Brewer LLC, Brewers Supply Group, Titan Biotech Limited, Wyeast Laboratories Inc., White Labs Brewing Co., Omega Yeast Labs LLC, AB Mauri India Pvt Ltd., AEB Group, F.L. Emmert Company, Real Brewer's Yeast, Lesaffre Group, Laffort SA, Bruchem Inc., Inland Island Yeast Laboratories LLC, Scandinavian Formulas Inc.
Market Drivers:
The increasing consumer preference for alcoholic drinks is expected to boost the growth of the brewer's yeast market going forward. Alcoholic drink refers to any fermented beverage that contains ethyl alcohol, often known as ethanol, such as 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's yeast market. For instance, according to a report published by Statistics Canada, a Canada-based national statistical agency, in 2023, alcoholic beverage sales at retail establishments and liquor authorities reached $26.1 billion on March 31, 2022, an increase of 2.4% from the previous year. And wine sales increased by 2.1% to $8.1 billion in 2021 and 2022. Further, beer made up 34.9% of the value of all alcohol sales in 2021-2022, followed by wine (31.3%), spirits (25.8%), ciders, and coolers (8.0%). Therefore, the increasing consumer preference for alcoholic drinks is driving the growth of the brewer's yeast market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/brewers-yeast-global-market-report
The brewer's yeast market covered in this report is segmented -
1) By Type: Dry Brewer's Yeast, Fresh Brewer's Yeast, Instant Brewer's Yeast, Other Types
2) By Distribution Channel: Salon And Breweries, Departmental And Superstores, Online
3) By Application: Food Supplements, Feed Supplements, Other Applications
4) By End-User: Food And Beverages, Pharmaceutical, Breweries, Nutraceutical Manufacturers, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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