Instant Dry Yeast Market is Estimated to Witness High Growth Owing to Increasing Demand from Bakery Industry

Market Overview:

Instant dry yeast is a type of commercial yeast used in leavening baked goods like breads, cakes, etc. It is available in powder or granular form and works instantly without proofing.

Market Dynamics:

Instant dry yeast market is driven by increasing demand for baked goods from the bakery industry. According to data, the global bakery industry was valued at USD 617 billion in 2020 and is expected to grow at a CAGR of 4% between 2023-2031. Additionally, changing consumer preference towards convenience foods is also fueling the market growth. Instant dry yeast helps in faster production of baked goods without time-consuming proofing process. Moreover, it has long shelf life at room temperature making it suitable for home baking as well as industrial use. The global demand for fast food and ready-to-eat meals is high which is contributing to the market growth of instant dry yeast during the forecast period.

Increasing Demand for Convenience Foods is Driving the Instant Dry Yeast Market

The rapidly changing lifestyles and hectic schedules are leaving little time for home cooking and preparation of meals from scratch. This has led to a significant rise in demand for convenient, easy to prepare foods that can be cooked and consumed quickly. Instant dry yeast is a key ingredient in many such convenience foods like packaged baked goods, pizza dough and bread mixes as it offers advantages like long shelf life and no need for proofing or dissolving in water before use. The convenience and ease of using instant dry yeast in home baking is attracting more consumers towards bakery products made with it. Additionally, the growing fast food and foodservice industry relies heavily on instant dry yeast to produce large volumes of bakery items quickly to meet the increasing demand from busy consumers.

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Key Players Covered In This Report:

Asmussen Gmbh, AB Mauri Food, Angel Yeast Company, Fleischmann's Company, Hagold Hefe Gmbh, Lallemand Inc, Fleischmann's Yeast, ACH Food Companies and various others.

Market Segmentation:

By product

High-sugar Instant Dry Yeast
Low-sugar Instant Dry Yeast

By end-use industry

Pharmaceuticals
Food and Beverages
Feed
Others

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Rising Health Awareness is Driving the Demand for Clean Label Yeast Products

Consumers today are increasingly aware of the ingredients in their food and focused on opting for clean label products with fewer artificial preservatives, colors or chemicals. This has prompted instant dry yeast manufacturers to offer organic, non-GMO and allergen-free variants produced from natural sources without any artificial additives. Companies are also producing variants tailored for special diets like gluten-free, vegan and paleo. The clean label trend is encouraging food processors and artisan bakers to switch to natural instant dry yeast alternatives to attract health-conscious consumers. Moreover, consumers perceive products containing clean label yeast as being fresher and more nutritious. The focus on wellness will continue pushing demand for naturally-sourced instant dry yeast .

High Dependency on Wheat is a Key Restrain for the Market

Instant dry yeast is usually produced from strains of Saccharomyces cerevisiae grown on a medium containing carbohydrates like sugar, wheat or corn. However, its primary growth medium continues to be wheat, which accounts for over 60% of the substrate used globally. Unfortunately, wheat cultivation and supply is highly vulnerable to changing climate conditions and risks from diseases. Recent years have seen intermittent wheat shortages in few regions due to adverse weather or supply issues, affecting instant dry yeast manufacturing. Furthermore, a section of consumers are intolerant or allergic to wheat. The high wheat dependency increases the instant dry yeast industry's susceptibility to wheat price volatility and supply shocks. This dependence poses a key challenge for market players to develop viable wheat-free alternatives.

Increasing Popularity of Home Baking Presenta an Attractive Opportunity

The COVID-19 pandemic has significantly boosted the popularity of home baking activities with more people taking interest to bake bread, pastries and snacks at home. Online tutorials and baking shows inspired novice bakers to explore their skills. While traditional fresh yeast requires proofing and presents inconsistencies for beginners, instant dry yeast has emerged as a more user-friendly option for hassle-free home baking. Its long shelf life, ease of use without proofing and ability to produce reliable results have made it a favorite among home bakers. Leading brands are tapping into the opportunity by offering starter baking kits containing instant dry yeast to lure new home bakers and encouraging repeated purchases. The sustained interest in baking expected to stay post pandemic will continue driving the market growth.

Growing Demand for Artisanal and Specialty Breads is Driving Market Trends

Consumer fascination towards global cuisines and artisanal food trends has increased demand for unique specialty breads with diversified flavors, textures and ingredients. Regional bakeries are experimenting with instant dry yeast to craft specialty loaves featuring ancient grains, nuts, seeds and natural flavors. At the same time, the rising health-nutrition awareness is fueling demand for protein-rich, multi-grain and gluten-free breads. These evolving trends are driving yeast manufacturers to develop new instant dry yeast variants suitable for artisanal specialty breads with doughs using diverse flours, inclusions and fermentation methods beyond regular wheat bread. The specialty bread trend is also expanding opportunities for customized instant yeast blends tailored for specific artisanal applications. This presents lucrative prospects for market players.

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Key Benefits For Stakeholders

The report provides an in-depth analysis of the global bromine derivatives market trends along with the current and future market forecast.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the bromine derivatives industry for strategy building.
A comprehensive global bromine derivatives market analysis covers factors that drive and restrain the market growth.
The qualitative data in this report aims on market dynamics, trends, and developments.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Instant Dry Yeast market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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