Yeast Market is to grow at 9.61% CAGR, with Europe leading the market through 2030

Yeast Market to Hit USD 9.75 Bn by 2030

Yeast Market was USD 5.13 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.61% from 2023 to 2030, reaching USD 9.75 Bn by 2030. In the United States, the market size was estimated at USD 1.6 billion in 2023. The yeast industry is growing rapidly, especially in the food and beverage industries, where yeast is a main ingredient in baking and fermentation. The demand for yeast has increased because of changing consumer habits, with more people consuming bakery items like bread, cakes, and cookies, especially after the COVID-19 pandemic. The increased consumption of alcohol leads to an increase in the demand for yeast as it is used for fermentation. Additionally, yeast manufacturers are heavily investing in synthetic yeast technologies, which are opening up new opportunities in biofuels, chemicals, and vaccines. This mix of uses in food, health, and industrial applications is making yeast more popular across various industries worldwide.

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Market Segmentation:

By Type: Baker's yeast is the leading type in the market because it's widely used in the food industry, especially for baking bread, cakes, and other bakery products. It's popular due to its low cost and efficiency, making it essential in both small bakeries and large-scale production.

By Application: The food sector is the biggest area where yeast is used, as it's crucial in making various food products like baked goods, fermented items, and nutritional supplements. The growing trend of choosing clean, organic, and naturally sourced ingredients has made yeast even more popular in food production.

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Market Regional Analysis:

Europe: In 2023, Europe held the largest share of the yeast market, thanks to the strong growth in the bakery and processed food industries. The demand for yeast in the region is driven by changing consumer habits, higher disposable incomes, and a strong appetite for alcoholic drinks like beer and wine.

United States: is also a major market for yeast, mainly due to the rise in home baking and the growing consumption of processed foods. The demand for yeast is supported by the popularity of bakery items, fermented foods, and alcoholic drinks. The increase in craft beer production and home brewing has especially led to a higher demand for brewer's yeast.

China: China's yeast market has been experiencing rapid growth, primarily due to the increasing demand for bakery products, alcoholic beverages, and processed foods. China is seeing a rise in bakery consumption, particularly among the middle class, which is driving the demand for baker's yeast.

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Market Competitive Landscape:

Lesaffre, In Feb 2025, a leading global yeast manufacturer has launched new yeast-based products targeting improved fermentation and nutritional benefits. The company's innovations focus on enhancing the flavor, texture, and shelf life of bakery products.

Angel Yeast Co. Ltd., In Jan 2025, has completed the expansion of its yeast production facility in China, aiming to meet the rising demand for yeast products in both the food and beverage sectors.

AB Mauri, In Dec 2024, has introduced new yeast products designed to improve sustainability in food production processes. These products focus on reducing waste while maintaining high quality in fermented products.

Conclusion

Increased in food (baking, fermented products) and beverages (alcoholic drinks), along with yeast's probiotic health benefits.
Rising home-baked goods, especially after COVID-19, contribute to market growth.
Manufacturers create yeast products that improve fermentation and reduce waste.

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