Lesaffre, Associated British Foods plc and AngelYeast Co., Ltd. are Dominating the North America Yeast Market in 2019

North America Yeast Market is expected to grow with the CAGR of 7.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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North America yeast market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in North America yeast market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio. For instance, in October 2018, Chr. Hansen Holding A/S acquired Hundsbichler which was a dairy ingredient supplier and has increased the sale for the company. The acquisition has helped in expanding the business portfolio for the company.

Lesaffre is the dominating player in North America yeast market. The other key players existing in the market includes Cargill, Incorporated, AngelYeast Co., Ltd., Kerry Inc, Novozymes, DSM, Chr., Hansen Holding A/S, Biorigin, Synergy Flavors, LALLEMAND Inc., Oriental Yeast Co., Ltd., Sensient Technologies Corporation, Pacific Fermentation Industries, Foodchem International, Associated British Foods plc and ICC.

North America Yeast Market Lesaffre

Lesaffre is headquartered in Paris, France was founded in 1853. The company focus on designing, manufacturing and marketing innovative solutions for baking, food taste and pleasure, healthcare and biotechnology. The company is providing products under yeast and baking solutions, food taste and pleasure, healthcare and biotechnologies. The market focus products lie under yeast and baking solutions product category. The company is engaged in continuous technological innovation along with manufacturing of yeast.  

  • In January 2020, Lesaffre inaugurated the Baking Center of its subsidiary Lesaffre Ivoire in Abidjan. The new centre is aimed towards new technological innovation for bread making solutions. The expansion has benefitted Lesaffre in attracting more customers to its portfolio increasing the revenue of the company.

The company has wide presence across Western Europe, Latin America, North America, Central and Eastern Europe and Middle East and Asia-Pacific, Africa. The company also has various subsidiary companies such as Agrauxine SA (France), Lefersa Alimentos S.A. (Lefersa), Gnosis S.p.A. (Italy), Lesaffre Freres (France), Omniabios S.R.L. (France) among others.

Associated British Foods plc

Associated British Foods plc is headquartered in London, U.K. The company was incorporated in 1935. The company focus on diversified international food with ingredients and retail group covering products such as grocery, sugar, agriculture, ingredients and retail. The company is providing products under antacid actives, culinary powders, enzymes, extruded grain and protein crisps, pharmaceutical excipients, specialty flours, specialty lipids, surfactants and emulsifiers, taste masked actives, vaccine adjuvants and yeast extracts categories. The market focus products lie under yeast extracts category. The company is engaged in continuous innovation along with research and development of the yeast extracts.   

  • In June 2019, Associated British Foods plc announced a joint venture with Wilmar International in China for the sale, manufacture and distribution of bakery and yeast ingredients in China. The joint venture is going to establish strategic relationship along with business standardization for the company.

The company has wide presence across North America, South America, Europe, Asia-pacific, Middle East and Africa. The company has various subsidiaries like A.B.F. Holdings Limited(U.K.), ABF US Holdings Limited (U.S.), AB Mauri Hispanoamerica S.A. (Argentina), AB Mauri ROW Holdings Pty Limited (Australia), AB Mauri Belgium NV (Belgium), AB Mauri (Canada) Limited among others.

AngelYeast Co., Ltd.

AngelYeast Co., Ltd. Is headquartered in Hubei, China, was founded in 1986. The company focuses on production of yeast and yeast derivatives with ingredients globally. The company is engaged in providing products in categories such as yeast and baking, yeast extract-savoury, nutrition and health, biotechnology among which yeast and baking and yeast extract-savoury is the market focused category.

For instance-

  • In March 2018, AngelYeast Co., Ltd. signed a license agreement with Renaissance BioScience Corp (Canada). Through this agreement, the company has received commercialization rights of wine, cider and craft beer yeast strains in the Canada.

The company has wide presence across South America, North America, Europe, Australia, Asia-Pacific and Middle East and Africa. The company has various subsidiary companies such as Angel Yeast (Yili) Co., Ltd. (China), Yichang Hongyu Plastic Liability Co., Ltd (China), Angel Yeast (Chifeng) Co., Ltd. (China), Angel Yeast (Binzhou) Co., Ltd. (China), Angel Yeast (Egypt) Co., Ltd. (Egypt) among more. The company has initiated many strategic initiatives to expand its market.