Food Segment Generates 46.34% of the Global Yeast Market Revenue

 

Consumption of fermented foods such as yoghurt, pickles, sauces, and traditional Asian delicacies including Kimchi and Kempeh, has increased over the last decade in the food sector as a whole. Because of its fermenting properties, yeast has been utilized extensively in the preparation of various foods, resulting in a surge in yeast demand on the global market.

Data Bridge Market Research analyses that the Yeast Market is expected to grow at a CAGR of 8.2% in the forecast period of 2020 to 2027 and is expected to reach USD 9,462.31 million by 2027. Growing demand for bakery items, high-quality animal feed, and rising alcoholic beverage consumption are all predicted to drive the global industry forward. Bio-growing ethanol's acceptability as an alternative fuel and in the biotechnology and pharmaceutical industries are expected to boost market growth.  

Key Findings of the Study

  • The yeast market is anticipated to reach a value of USD 9,462.31 million by 2027, with a CAGR of around 8.2% during the forecast period from 2020 to 2027.
  • Europe dominated the yeast market because of the high consumption of processed food along with increasing consumption of alcohol in this region.
  • North America is expected to register lucrative growth over the forecast period of 2020 to 2027 due to the rising demand for healthy and nutritious food products and ingredients in this region.
  • The fresh yeast segment accounted for the largest share in 2020 at 55.18%. The yeast is mainly preferred for baking goods and growing use of product in baking goods have comprised the highest market share and is expected to boost the yeast market growth.
  • The yeast market was severely affected by COVID-19 outbreak. Due to the pandemic, the supply chain and demand-supply dynamics were disrupted.  

Emerging green trends and healthier food choices is expected to enhance the demand for organic yeast market.

The new green badges of food compositions are vegan, non-GMO, organic, and gluten-free. Due to rising health concerns, studies have demonstrated a gradual shift away from traditional dairy products and toward plant-based alternatives. The bakery products category is expected to develop as a result of this global trend toward nutritionally beneficial options. Organic yeast is predicted to gain traction as a result of the increased demand for organic products, as opposed to conventional yeast, which is expected to account for a significant value share in the worldwide yeast market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2020 to 2027

Base Year

2019

Historic Years

2018 (Customizable to 2017 - 2012)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Baker's Yeast, Brewer's Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, Others), Form (Fresh Yeast, Active Dry Yeast, Instant Yeast, Others), Application (Food, Beverages, Bioethanol, Pharmaceuticals, Feed)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Market Players Covered

Chr. Hansen Holding A/S (Denmark), AngelYeast Co., Ltd (China), Kerry Group plc (Ireland), SUBONEYO Chemicals, Pharmaceuticals P Limited (India), DSM (Netherlands), Biorigin (Brazil), Synergy Flavors (US), ICC (Brazil), LALLEMAND Inc. (Canada), AB Mauri (A Subsidiary of Associated British Foods plc) (UK), Oriental Yeast Co., ltd. (A Subsidiary of Nisshin Seifun Group Inc.) (Japan), Associated British Foods plc (UK), Lesaffre (France), Leiber GmbH (Germany), Cargill, Incorporated. (US), Pacific Fermentation Industries (Canada), Foodchem International Corporation (China), Novozymes (Denmark), Halcyon Proteins Pty. Ltd. (Australia), LEVAPAN PANAMÁ, SA (Panama), ZeusIba (Italy), AB Vista (A Subsidiary of Associated British Foods plc) (UK), and Sensient Technologies Corporation (US)

Data Pointers Covered in Report

The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.          

Segment Analysis:

The yeast market is segmented on the basis of type, form and application.

  • On the basis of type, the market is segmented into baker's yeast, brewer's yeast, wine yeast, bioethanol yeast, feed yeast and others. In 2020, baker's yeast segment is dominating the market with the market share of 47.13% due to the surging use of yeast for improving dough texture and increasing demand of nutritional bakery products which further results in high use in baking.

In 2020, the baker's yeast segment of type segment is anticipated to dominate the yeast market

In 2020, the baker's yeast segment of this market will dominate the yeast market due to the surging use of yeast for improving dough texture and increasing demand of nutritional bakery products which further results in high use in baking. The baker's yeast segment is expected to reach the highest CAGR of 9.0% in 2020-2027.

  • On the basis of form, the market is segmented into fresh yeast, active dry yeast, instant yeast and others. In 2020, fresh yeast segment is dominating the market with the market share of 55.18% as these yeast is mainly preferred for baking goods and growing use of product in baking goods have comprised the highest market share.

In 2020, the fresh yeast segment is projected to hold the largest share of form segment in the yeast market

In 2020, the fresh yeast segment is anticipated to hold the largest share of global yeast market as these yeast is mainly preferred for baking goods and growing use of product in baking goods have comprised the highest market share. The fresh yeast segment is growing with a CAGR of 8.8% in the forecast period of 2020 to 2027.

  • On the basis of application, the market is segmented into food, beverages, bioethanol, pharmaceuticals and feed. In 2020, the food segment is dominating the market with a market share of 46.34% because this yeast is mostly preferred for cakes, snacks, and bread to increase dough texture and the rising development of nutritional fermented products.

Major Players

Data Bridge Market Research recognizes the following companies as the major yeast market players in yeast market are Cargill, Incorporated (US), Kerry Group plc (Ireland), LALLEMAND Inc. (Canada), Novozymes (Denmark), Oriental Yeast Co., ltd. (A Subsidiary of Nisshin Seifun Group Inc.) (Japan), Leiber GmbH (Germany).    

Market Development

  • In January 2020, In Abidjan, Lesaffre's subsidiary Lesaffre Ivoire opened its Baking Center. The new center will focus on technological advancements in bread-making methods. Lesaffre has benefited from the expansion by adding additional clients to its portfolio, resulting in increased income.
  • In November 2021, Angel Yeast Co., Ltd had announced the launch of AngeoPro F80, an allergen-free, vegan-friendly, and natural-origin yeast protein. AngeoPro F80 is a rich in nutrition and protein content with qualities that can neutralize off-flavors and increase the overall taste profile, making it a suitable complement to plant-based protein sources to fulfil the growing need for protein around the world.
  • In December 2020, Biospringer had announced the launch of revolutionary yeast protein eliminating off-notes from plant-based foods named Springer Proteissimo 101. The novel protein is marketed as a highly nutritious, vegan, gluten-free component with "no off-notes," making it a flexible food ingredient. Springer Proteissimo 101 is suitable for a variety of food applications, but it is particularly well suited to cheese and meat alternatives, such as vegan burgers, sausages, and nuggets.
  • In January 2022, Kothari Fermentation and Biochem Limited had announced the launch its new product Yeast Extract Powder and Mono Oligo Saccharides (Mannan and Beta Glucan). This product is mostly used in the pharmaceutical industry, but it is also appropriate for food and food products, dietary foods, drinks, soups, spices, low-calorie foods, nutritional fillers, microbial growth media, fermentation substrate biotech, biotech research, and other applications.

Regional Analysis

Geographically, the countries covered in the yeast market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Europe is the dominant region in yeast market during the forecast period 2020 - 2027

Europe will continue to dominate the yeast market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period because of the high consumption of processed food along with increasing alcohol consumption in this region. In Europe, Germany dominates the market, using over 60% of all yeast used in industrial and artisanal applications. The increasing demand for bakery items has led to the highest utilization of yeast components in the country's bakery and brewers industries.

North America is estimated to be the fastest growing region in yeast market the forecast period 2020 - 2027

North America is expected to grow during the forecast period due to the rising consumer demand for healthy and nutritious food products and ingredients in this region. In North America, the United States is predicted to dominate the market due to advances in technology and innovation in food ingredients, increased consumption, and increasing inventive businesses and people's lifestyles, all of which are contributing to the industry's growth.

COVID-19 Impact Analysis

The COVID-19 outbreak has damaged the food and beverage industries, causing temporary shutdowns of industrial facilities and a decline in demand for yeast. With the major goal of limiting the spread of SARS-CoV-2 among healthcare workers, yeast industry players focus on nurturing their supply chains and speeding up their operations to avoid future revenue losses. Furthermore, the global market can recover faster in the future as the lockdown is gradually lifted across countries and the novel coronavirus is contained. Because of market participants' promotional efforts, global market share and yeast market size have increased. In the coming years, the global market is expected to grow rapidly than it is today.

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