The yeast market in Europe is witnessing steady growth driven by various factors. Yeast is extensively used in the food and beverage industry, particularly in baking and brewing processes. The rising demand for bakery products and alcoholic beverages fuels the market's expansion. Additionally, increasing awareness regarding the health benefits of yeast, such as its probiotic properties, is driving its consumption. Furthermore, technological advancements in yeast production and the growing trend of clean labels and natural ingredients in food and beverages positively impact market growth. The Europe yeast market is poised for continued growth due to its wide-ranging applications in the food and beverage sector.
According to Data Bridge Market Research, Yeast Market is valued at USD 1.46 billion and is expected to reach the value of USD 2.11 billion by 2029, at a CAGR of 4.7% during the forecast period of 2022 to 2029.
“Growing demand for bakery products surge market demand"
The increasing consumption of bakery products, such as bread, pastries, and cakes, drives the demand for yeast in Europe. Yeast is a crucial ingredient in fermentation, enabling the dough to rise and providing the desired texture and flavor in baked goods. As consumer preferences for bakery products continue to grow and diversify, the demand for yeast remains steady, fueling the growth of the yeast market in the region.
What restraints the growth of the yeast market?
“Price volatility of raw materials can impede the market growth”
The price volatility of raw materials used in yeast production, such as molasses and grains, presents a significant challenge for yeast manufacturers. Fluctuations in raw material costs can disrupt supply chains, affect production costs, and impact pricing strategies. Unpredictable prices make it difficult for manufacturers to forecast and plan their operations effectively, potentially impacting profitability. The price instability of raw materials poses a hurdle for yeast manufacturers, hindering their ability to sustain growth in the market.
Segmentation: Europe Yeast Market
The yeast market is segmented on the basis of type, form, strains and derivatives
- On the basis of type, the yeast market is segmented into Baker’s Yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast and others.
- On the basis of form, the yeast market is segmented into fresh yeast, active dry yeast, instant yeast and others.
- On the basis of strains, the yeast market is segmented into saccharomyces cerevisiae, saccharomyces carlsbergiensis, and kluyveromyces lactis.
- On the basis of derivatives the market is segmented into cell wall/MOS, high purified betaglucanes, yeast culture, yeast hydrolysates and others.
Regional Insights: Germany dominates the Europe yeast market
Germany dominates the yeast market in Europe, accounting for around 60% of yeast consumption in industrial and artisan applications. The country's thriving bakery industry and high demand for bakery products have led to increased utilization of yeast ingredients. Germany's renowned breweries also contribute to the significant consumption of yeast. These factors have established Germany as a key market player, driving the growth and demand for yeast in the region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/europe-yeast-market
Recent Developments in Europe Yeast Market
- In 2019, Lallemand Baking will introduce LalFerm, a fresh baker's yeast brand, in North America. The new company offers tailored yeast products to bakers for a variety of uses, including lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D-rich dough, and others.
- In 2018, Angel Yeast Co. Ltd. opened its brand-new biotechnology and yeast R&D center in China. The new center covers 36,000 square meters in total. It can accommodate up to 1,500 people working in R&D and related fields, enabling the complex to become a premier European platform for research into yeast technology and a world-class center for the development of biotechnology products.
The Prominent Key Players Operating in the Europe Yeast Market Include:
- Lesaffre (France)
- Hagold Hefe Gmbh (Austria)
- Asmussen Gmbh (Germany)
- ACH Food Companies, Inc (U.S.)
- Fleischmann's (Germany)
- LALLEMAND Inc (Canada)
- AB Mauri Food (U.S.)
- AngelYeast Co., Ltd. (China)
- Associated British Food PLC (U.K.)
- Oriental Yeast Co., Ltd. (Japan)
- Cargill, Incorporated (U.S.)
- Chr. Hansen Holding A/S (Denmark)
- Alltech (U.S.)
- Lallemand Inc (Canada)
- DSM (Netherlands)
- Nutreco (Netherlands)
- Kerry Group (Ireland)
Above are the key players covered in the report, to know about more and exhaustive list of Europe yeast market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Yeast Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, Europe vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
