Global Yeast Market
In 2023, the global yeast market was valued at US$ 6.04 billion. Renub Research projects the global yeast market to be worth approximately US$ 10.77 billion by 2030. A compound annual growth rate of 8.61% is projected for it between 2024 and 2030.
One of the most useful microorganisms is yeast, which is utilized in the food and beverage and pharmaceutical industries to make products. Protein, B vitamins, and minerals including copper, zinc, selenium, and chromium are all abundant in it. Global Yeast Market Yeast is used in the food and beverage industry because of its ability to enhance fermentation and provide flavor, texture, aroma, and taste to food. Yeast is considered the most reliable fermenting agent available worldwide due to its effective aiding of carbon release. It is used in the biotechnology and pharmaceutical industries as a dietary supplement and biofuel, respectively.
Yeast Market Trends:
Growing Consumer Demand for Convenience Foods and Baked Goods
A positive market outlook is provided by the rising demand for baked goods and convenient food products due to consumers’ busier lifestyles. Bread, pastries, and cakes are just a few of the baked items that require yeast to be produced. The demand for yeast is also being driven by innovations in baking products, such as gluten-free and organic choices. In addition, as more people want to bake at home, the market demand for yeast is growing as they look for premium yeast products to use in their baked goods. The King Arthur Baking Company introduced four distinct versions of Savory Bread Mix Kits in March 2024, each containing yeast and other necessary ingredients.
Yeast Market, By Form
- Dry Yeast
- Instant Yeast
- Fresh Yeast
- Others
The market is divided into four categories: fresh yeast, instant yeast, dry yeast, and others based on form. With the biggest market share and the highest predicted compound annual growth rate (CAGR) during the projected period is the dry category. The dried yeast has a long shelf life and is durable; it can be kept in a cabinet for up to six months. The demand for the dry segment is being driven by its many storage choices and primary use in bread production.
Application – Global Yeast Market breakup in 5 viewpoints:
- Food
- Beverages
- Bioethanol
- Pharmaceuticals
- Feed
What is Yeast Market Regional Insight?
Europe held the highest share of the yeast market in 2023 and is predicted to continue to lead the market during the forecast period. The European processed food and bread industries are expanding significantly as a result of changing consumer habits and rising levels of disposable income. The growing use of processed foods, alcohol, and knowledge of the nutritional benefits of yeast are driving substantial expansion in the European yeast market. Applications used in bread production dominate the market in the European Union. The increase in the consumption of cakes, bread, pastries, as well as alcoholic beverages has contributed to an increase in demand for yeast in European countries.
Countries – Global Yeast Market breakup in 18 viewpoints:
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North America
- United States
- Canada
Latin America
- Mexico
- Brazil
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Netherlands
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
Middle East & Africa
- United Arab Emirates
- South Africa
Rest of the World
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Developments
- Revenue Analysis
Companies Analysis:
- Dun & Bradstreet Holdings
- Conagra Brands, Inc. (US)
- Danone SA (France), ADM (U.S)
- Associated British Foods PLC (UK)
- General Mills Inc. (US)
- Koninklijke DSM N.V.
- Kerry Group Plc.
- Sensient Technologies Corporation.
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