Global Yeast Market Overview
IndustryARC’s has published a new market research report on the Yeast Market, covering all the recent innovations and situations affecting the estimated market size of around 00 to 00 million as of 2018, with the colonnades growing with a robust CAGR of 7.2% to 8.2% during the forecast period of 2019 to 2025. The study incorporates all the commercial aspects of the commodity’s market size ranging from its end-users industries and regional revenue pockets to an imperative competitive landscape. According to the analyst, the key region of operation lies in Europe with a market share of about 38 % to 40%.
However, as per the Alcohol and Tobacco Tax and Trade Bureau, 64 million gallons of bottled alcoholic wines were produced in by May 2018 in the United States, which makes North America another lucrative region in the global yeast marketplace. The global market growth in the food and beverage industry is increasing with a positive CAGR of 7%-8%. Consequently, yeast market players are gaining considerate demand influx from the flourishing food and beverage industry, especially the baking sector.
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Global Yeast Market Outlook
Yeasts are eukaryotic, single-celled microorganisms that are derived from the fungus kingdom. Their predecessors are multicellular and they reproduce asexually by mitosis or budding. The information is based on a recent business intelligence market analysis report from IndustryARC, titled “Yeast market: by application (food, pharmaceuticals, biofuels, animal feed); by form (liquid, compressed, crumbled, active dry, instant dry, dry yeast with reducing power); & by geography forecast (2018 - 2023).”
One of the most prominent applications of yeast lies in the production of beer. According to Kirin Holdings Company Limited, the global beer demand has remained constant in the recent past with approximately 186.72 million kiloliters consumed in 2017. Although, it has virtually declined by 0.2% considering the FY 2016. However, the prosperity of the global yeast market is not solely dependent on the continued demand for beer, as some types the microorganism that has nearly 1,500 species are used at some stage of production of several other alcoholic beverages including mead, wine, and distilled spirits such as rum, whiskey, brandy, and vodka.
Global Yeast Market Competitive landscape
As per the yeast market outlook from IndustryARC, the key players driving the market are Associated Brtish Foods Plc, Angel Yeast Co. Ltd., Pakmaya, Bio Agro, CHR Hansen Group, Dakota Yeast LLC, Lallemand Inc, Leiber Group, Lesaffre Group, Levapan Group, Oriental Yeast Co.
Associated British Foods (ABF)
Another British company Associated British Food has global operations in the yeast and bakery ingredients. The company is catering to the global yeast demands with their 50 plants in 25 different countries. ABF has a global market presence in the bakers’ yeast with prominent market positions in Europe, the Americas, and Asia. The company is considered as a technology leader in terms of bread optimization, bakery mixes, and dough conditioner. Their market revenue for the year 2017 reached ,914.70 million beating the previous year’s total revenue. North America benefitted from the company’s successful bakery ingredient launch irrespective of high competition in the in the yeast market. The company marketed their baking technology credentials to attendees from more than 100 countries at the International Baking Industry Exposition, October 2016.
The Chinese company, Angel yeast is one of the leading brands in the yeast market. They specialize in the production of yeast derivatives and standard yeast extracts. The products such as standard yeast extracts are produced from high protein baker’s yeast through processes such as enzymolysis, autolysis, vacuum concentration, separation and spray drying. The obtained product is cost effective and balanced with rich nutrients.
Unilever produces a British food spread called Marmite. Marmite is manufactured from yeast extracts. It is a nutritious sticky, dark brown food paste with an extremely salty, distinctive, and powerful flavour. The introduction of marmite in the British yeast market was widely accepted by the citizens of the UK owing to its divergent applications such as spread, savoury hot drink, and sandwiches. The company is hyper-active in the marketing sector owing to its introduction of multiple variants and limited edition products they launch on occasions such as valentines date and mother’s day thereby strengthening their consumer base. The reliable demands of marmite from the region contribute significantly to the yeast market.
The organic market in the food industry is one of the fastest growing sectors today, gaining traction because of the rising demands for healthy and natural food. By producing organic yeast, the producers are effectively able to cope up with the market shift. The company Lallemand is certified in the manufacturing of their organic yeast owing to their robust expertise and advanced production facilities. They have a wide range of organic yeast for oenology, baking, health and food ingredients industries.
Global Yeast Market End User Analysis
The dried brewer’s yeast fibers extracts produced during the fermentation of yeast plays a significant role in the livestock feed industry. The advantages of the dried brewer’s yeast are countless including increased consumption and assimilation of feed, better digestibility, enhanced immunological system, increased appetite, and high fertility ratios.
The incessant growth in the disposable income of individuals has changed the consumer trends towards the alcoholic industry. Today, the consumption of beer is not limited to social events rather it has become a daily regime in some countries. This changed mindset among the population is going to flourish the alcoholic industry, consequently increasing the demands from the yeast market.
Bio Ethanol Industry
The emerging urge of an alternative to natural crude oil has erupted with the innovation of bioethanol fuel. Bioethanol is an eco-friendly and cost-effective fuel manufactured from the domestic, agricultural, industrial wastes. The production of this fuel involves the yeast fermentation process. With the increased demands for bioethanol fuel in the developing and developed economies, the yeast market is expected to witness a profitable future.
The rapidly growing popularity in baked products and the globally increased consumption of beer and other alcoholic beverages are the prime factors for the growth in the yeast market. The global emergence and adoption of alternate fuel in the form of bioethanol fuel is also a major growth driver for the propelling yeast market.
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