Yeast Market

Yeast Market was valued at USD 3,900 Million in 2020 and projected to grow at 9.6% CAGR during the forecast period.

Yeast Market Overview

Yeast is a single-cell microorganism used in the production of food & beverages products. It is a good source of protein, vitamin B, and minerals such as selenium, chromium, zinc, coppers, and others. Yeast can be used in industrial applications such as fuel, pharmaceuticals, sterilant, and solvents.

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Major Yeast Market Drivers

The factors driving the global Yeast market include the increasing popularity of baked items like cookies, cakes, bread, biscuits among others. Changing consumers’ lifestyles, tastes, and preferences on spending on healthy and organic food products is key for driving market growth. Moreover, rising awareness about the benefits of yeast is another factor fuelling the growth of the yeast market. Yeast contains fiber helps in reducing cholesterol levels. It also contains chromium, a mineral that helps to regulate blood sugar. This nutritional yeast lowers the risk of diabetes and heart diseases and will further propel the market growth of the yeast over the forecast period. In addition, the increasing application of yeast in the fermentation process of making alcoholic beverages is driving the demand for the yeast market. It is used to enhance the beverages’ quality, aroma, flavor, and texture.

Restraint in the Yeast Market

However, too much yeast consumption can cause infections, and other health issues. Yeast is quickly killed, which means fermentation will not take place, thus leading to the waste of time and ingredients. Moreover, baking with yeast is a time-consuming process, further hampering the yeast market.

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Type – Segment Analysis

Based on the type, baker’s yeast is expected to grow at the fastest rate in the global Yeast market during the forecast period owing to the wide application areas of baker’s yeast in industries such as feed and food as it is cost effective. The rise in consumption of bakery products such as bread in developed nations will drive the market growth. According to All India Bread Manufacturers Association (AIBMA), the per capita consumption of bread in India is around 1.5kg to 1.75kg.

Form – Segment Analysis

Based on the form, the dry segment is projected to capture the largest market share during the forecast period in the global yeast market due to its long-life shelf. It is used to enhance texture and desirable flavor. This yeast is a good source of vitamins D and B and minerals such as potassium and zinc associated with health benefits like lowering cholesterol and managing neurological and cardiovascular disorders.

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Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to capture a significant market share in the global Yeast market due to rising consumption of dairy products such as cheese and yogurt and traditional fragmented product. The rising awareness among consumer regarding health and wellness and growing demand of products that are natural, pure, and fresh are supplementing growth. Moreover, the rising demand for alcoholic beverages will further propel the market growth. For instance, AB Mauri to invest Rs 1,100 crore in a greenfield yeast manufacturing plant in Uttar Pradesh. UP State Industrial Development Authority (UPSIDA) has also allotted nearly 257 acres of land creating 5,000 job opportunity.

Top Market Players

Various notable players operating in the market include Associated British Foods, Angel Yeast, Lallemand, Lesaffre, Chr. Hansen Holding A/S, Oriental Yeast Co. Ltd., Novozymes, Kerry Group PLC, Imperial Yeast, Leiber GmbH, among others.

Key Developments:

• • In 2019, Kerry Group Plc. has launched non-GMO yeast as a natural solution for acrylamide reduction. It will help in reducing 90% acryleast effective without impacting on taste and texture of foods such as biscuits, crackers, French fries, coffee, and infant food.
  • In 2019, Ohly agreed to divest its Hutchinson Torula Yeast facility and associated business Lallemand. This divestiture follows a strategic review by Ohly to find a partner to utilize better and sustainability secure the future of the Hutchinson Site.

Segments covered in the Report:

The global Yeast market has been segmented on the basis of Type, Form, Application, and regions. Based on Type, the market is segmented into Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Feed Yeast, Bioethanol Yeast, and Others. Based on Form, the market is segmented into Dry, Instant, Fresh and Others. Based on Application, the market is segmented into Food, Beverages, Feed, Others.

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Market Segmentation

Global Yeast Market by Type

• • Baker’s Yeast
  • Brewer’s Yeast
  • Wine Yeast
  • Feed Yeast
  • Bioethanol Yeast
  • Others

Global Yeast Market by Form

• • Dry
  • Instant
  • Fresh
  • Others

Global Yeast Market by Application

• • Food
  • Beverages
  • Feed
  • Others

Global Yeast Market by Region

• • North America Yeast Market (Option 1: As a part of the free 25% customization)

    • North America Yeast Market by Type
    • North America Yeast Market by Form
    • North America Yeast Market by Application
    • US Yeast Market All-Up
    • Canada Yeast Market All-Up

  • Europe Yeast Market (Option 2: As a part of the free 25% customization)

    • Europe Yeast Market by Type
    • Europe Yeast Market by Form
    • Europe Yeast Market by Application
    • UK Yeast Market All-Up
    • Germany Yeast Market All-Up
    • France Yeast Market All-Up
    • Spain Yeast Market All-Up
    • Rest of Europe Yeast Market All-Up

  • Asia-Pacific Yeast Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Yeast Market by Type
    • Asia-Pacific Yeast Market by Form
    • Asia-Pacific Yeast Market by Application
    • China Yeast Market All-Up
    • India Yeast Market All-Up
    • Japan Yeast Market All-Up
    • Rest of APAC Yeast Market All-Up

  • RoW Yeast Market (Option 4: As a part of the free 25% customization)

    • RoW Yeast Market by Type
    • RoW Yeast Market by Form
    • RoW Yeast Market by Application
    • Brazil Yeast Market All-Up
    • South Africa Yeast Market All-Up
    • Saudi Arabia Yeast Market All-Up
    • UAE Yeast Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Yeast Market All-Up

Major Players Operating in the Yeast (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Associated British Foods
  • Angel Yeast
  • Lallemand
  • Lesaffre
  • Hansen Holding A/S
  • Oriental Yeast Co. Ltd.
  • Novozymes
  • Kerry Group PLC
  • Imperial Yeast
  • Leiber GmbH