Brazil yeast market is projected to register a healthy CAGR in the forecast period 2019 to 2026. The years considered for study are as mentioned below.
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Yeasts are eukaryotic single celled fungi. Yeasts are utilized in various applications of food, feed or wineries. There are several economically important strains of yeasts are available, which are used as baker’s yeast. It is used to leaven bread, to ripe the blue cheese and for the production of antibiotics for medical use. Prominent factors driving the growth of this market consist of growth in demand of bakery products and convenience foods, increasing alcoholic consumption, enrichment of animal feed products and rising demand for bioethanol as fuel. Increasing demand of bakery and convenience foods are the part of western culture. This culture is being adapted by most of the countries worldwide due to increasing urbanization and changing lifestyle. People are inclined towards health and fitness and hence several manufacturers offer high nutritional values of bakery products. Rising alcohol consumption is one of the important drivers for the yeast market worldwide
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative strains. For instance, In July 2017, Pacific Ethanol, Inc. (U.S.) acquired Illinois Corn Processing, LLC (U.S.). This development had increased the ethanol production in U.S. with this acquisition the company increased their production of ethanol per year of production capacity along with they had expanded their export opportunities in market. This has also led in increase in revenue.
Some of the players operating in this market are AB Mauri, Chr. Hansen Holding A/S, AngelYeast Co., Ltd, Kerry Group, Alltech, SUBONEYO Chemicals Pharmaceuticals P Limited, Biorigin – Art in Natural Ingredients, Pakmaya, Minn-Dak Yeast Company, Synergy Flavors, AB Vista, LALLEMAND Inc., ICC, Biospringer, Lesaffre, DSM N.V., Leiber GmbH, Pacific Ethanol, Inc. among others.
The company was established in 1868, headquarter in Peterborough, U.K. The company is focused on manufacturing of yeast and bakery ingredients. The main business segments of the company are grocery, sugar, agriculture, ingredients, retail and central.
The company has its global network in United Kingdom; Europe & Africa; The Americas; and Asia Pacific. The company has its subsidiaries such as A.B. Exploration Limited (U.K.), A.B.F. Holdings Limited (U.K.), ABF UK Finance Limited (U.K.), ABF US Holdings Limited (U.S.) and many others.
The company was founded in 1853, headquarter in Paris, France. Tanita is focused in designing, manufacturing and marketing innovative solutions for baking goods, food taste and pleasure in healthcare and biotechnology. The company has global presence in Europe, Latin America, Central and Eastern Europe, Middle East and Asia-Pacific, Africa.
In November 2017, Lesaffre (France) acquired Envera (U.S.), which is a solution provider in the field of microbiology. Through this agreement the company enhanced the presence and product portfolio in the nutritional ingredients and health sector, which is one of the faster growing sector worldwide.
Chr. Hansen Holding A/S
The General Electric was founded in 1874 and headquartered in Hoersholm, Denmark. The company focused in developing and producing cultures, enzymes, probiotics and natural colors for rich variety of foods, confectionary, beverage and dietary. The company has global presence in U.S, Europe, Asia Pacific, Middle East and Africa, Americas. The company’s business segments are food culture and enzyme, health & nutrition and natural colors. Food Cultures & Enzymes segment increased with 9.0% and it includes bioprotective solutions and cultures for cheese and yogurt production. The revenue is increased due to increasing demand for next-generation bioprotection product for dairy which is helping in strengthening company’s revenue. The company has increased their healthcare expenditure for innovating new products which helped in increasing their revenue.
In June, Chr. Hansen Holding A/S (Denmark) launched the DVS SSC series of soft cheese starter culture. This is used to imrove the taste and texture of the cheese material. With this company has increased their product portfolio which ultimately helped in increasing revenue. The company has its subsidiaries such as Chr. Hansen Italia S.p.A. (Italy), Chr Hansen France (France), Peyma Chr-Hansen's A.S. (Turkey), Chr. Hansen, S.L. (Spain), Österreichische Laberzeugung Hundsbichler GmbH (Austria).
Brazil Yeast Market - Industry Trends and Forecast to 2028