Specialty Yeast Market 2024 - By Size, Demand, Trends, Top Companies, Growth Drivers And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Specialty 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 specialty yeast market size has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in food and beverage industry, expansion of bioethanol production, animal nutrition industry growth, demand for gluten-free products, globalization of food supply chains..

The specialty yeast market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to plant-based protein trends, focus on sustainable practices, emergence of alternative proteins, expansion of craft brewing, prebiotics and digestive health, health-conscious consumer base.. Major trends in the forecast period include clean label and natural ingredients, advancements in yeast biotechnology, customized yeast solutions for food industry, research on yeast-based nutraceuticals, technological advancements..

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Market Drivers and Trends:

Increasing consumption of alcoholic beverages is expected to contribute to the growth of the specialty yeast market going forward. Alcoholic beverages are used to maintain optimum temperature, viscosity, and pressure during the production of alcoholic beverages. Specialty yeast is frequently employed in food and beverage such as alcoholic beverages to improve flavor, and fermentation which raises consumer demand for food items and expands the number of food and beverage production facilities, as a result, increasing consumption of alcoholic beverages increases the demand for specialty yeast market. For instance, in December 2021, according to IWSR Drinks Market Analysis Limited, a UK-based media company, the online sales of alcoholic beverages from grocery stores are expected to reach $ 42 billion by 2025. Therefore, the rise in the consumption of alcoholic beverages drives the specialty yeast market.

Innovative products are the key trend gaining popularity in the specialty yeast market. Major companies operating in the specialty yeast market are developing innovative specialty yeast. For instance, in January 2022, Ohly, a Germany-based manufacturing company, launched a yeast-based chicken flavor enhancer named OHLY SAV-R-MEAT PBD. This enhancer delivers a juicy and dark-meat chicken flavor with a high umami impact. It is specially designed for low-sodium meat applications and takes inspiration from traditional cooking methods. OHLY offers a variety of yeast-based ingredients, including those derived from peas and beans, yeast extracts, and enzymes that improve protein taste and functionality.

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Major Key Players of the Market:

Associated British Foods plc; Archer-Daniels-Midland Company; Lallemand Inc.; Chr. Hansen Holding A/S; Kerry Group plc; Angel Yeast Co. Ltd.; Biorigin SAS; Leiber GmbH; Synergy Flavors LLC; Aria Ingredients Inc.; Halcyon Proteins Pty. Ltd.; Agrano GmbH & Co. KG; AEB Group S.r.l.; Jeevan Biotech Pvt. Ltd.; Titan Biotech Ltd.; Koninklijke DSM N.V.; Levex Chemicals Inc.; Lesaffre Group; Alltech Inc.; Kemin Industries Inc.; Beldem B.V.; DSM Food Specialties B.V.; A.G. Scientific Inc.; Anchor Yeast Co. Ltd.; Bacchus Yeast Co. Ltd.; Bakers Yeast Co. Ltd.; Best Flavors Inc.; Cargill Incorporated; Ceres Inc.; ConAgra Brands Inc.; Corbion plc; CSM Bakery Solutions; Dairytech Inc.

Specialty Yeast Market 2024 Key Insights:

• The specialty yeast market will grow to $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Rising Alcoholic Beverage Consumption Drives Specialty Yeast Market
• Innovative Products Driving Specialty Yeast Market Growth
• Asia-Pacific was the largest region in the specialty yeast market in 2023

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