Fresh Compressed Yeast Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players

The Business Research Company recently released a comprehensive report on the Global Fresh Compressed Yeast Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The fresh compressed yeast market size has grown strongly in recent years. It will grow from $4.64 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to bakery industry growth, staple in traditional baking methods, food processing industry expansion, rising population and urbanization, health consciousness and natural ingredients.

The fresh compressed yeast market size is expected to see strong growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to specialty and artisanal baked goods, expansion of quick-service restaurants, gluten-free and allergen-free product development, globalization of baked goods consumption, e-commerce growth in food ingredients sales. Major trends in the forecast period include research in yeast strain development, sustainable and eco-friendly practices, microbial fermentation technologies, technological advancements in packaging, clean-label and non-gmo products.

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Market Drivers and Trends:

The increasing demand for bakery products is expected to propel the growth of the fresh compressed yeast market going forward. Bakery products are food items that are usually produced in a bakery that manufactures and sells flour-based baked products such as cookies, cakes, pastries, bread, and pies. Fresh yeast or compressed yeast is frequently used in bakery items such as bread, rolls, and other yeast-raised baked foods. It has a short shelf life and should be used within a few days. Fresh compressed yeast is one of the important ingredients that are used in baking bakery products. For instance, in October 2022, according a stats sourced from Euromonitor International, 2022 published on Government of Canada official website, retail sales of baked goods in US reaching $67.9 billion in 2021 and is expected to reach US$75.8 billion in 2026. Therefore, the increasing demand for bakery products is driving the growth of the fresh compressed yeast market going forward.

Technological advancements are a key trend gaining popularity in the fresh compressed yeast market. Major companies operating in the fresh compressed yeast market are adopting new technologies to sustain their position in the market. For instance, in December 2022, EvodiaBio, a Denmark-based producer of natural aromas, launched the 'elegant' yeast-based technology solution for the beverage industry. This method permits the cost-effective and long-term biotechnological production of volatile fragrance molecules from beans for the first time. The brewer avoids depleting limited plant resources while lowering water and CO2 emissions by more than 90% by employing this method. This modified yeast has the potential to improve the flavor of non-alcoholic beer while also offering a more environmentally responsible alternative to hop harvesting, shipping, and processing.

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Major Key Players of the Market:

Angel Yeast Co. Ltd.; Lesaffre Nordic AB; Associated British Foods plc; Chr. Hansen A/S; Lallemand Inc.; Leiber GmbH; Oriental Yeast Co. Ltd.; Alltech Inc.; Synergy Flavors Inc.; Kerry Group; Blue Bird India Pvt. Ltd.; Koninklijke DSM N.V.; AB Mauri Food Inc.; Kothari Fermentation and Biochem Ltd.; Levapan S.A.; Sensient Technologies; Mérieux Nutritionals; Florio Colori S.P.A.; IFC Solutions; Omron Corporation; The Merck Group; The Lonza Group; Haarmann & Reimer GmbH; Givaudan SA; Dohler Group; The Archer-Daniels-Midland Company; Nutrition Plus; Symrise AG; Puratos Group; Pak Group B.V.

Fresh Compressed Yeast Market 2024 Key Insights:

• The fresh compressed yeast market will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Bakery Industry Demand Is A Catalyst For Fresh Compressed Yeast Market Surge
• Evodiabio's Elegant Yeast-Based Technology Sets New Standards In Sustainable Production
• Asia-Pacific was the largest region in the fresh compressed yeast market in 2023

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