The global Yeast Market is expected to be valued at USD 6.40 billion in 2027 from USD 3.54 Billion in 2019, registering a CAGR of 8.82% through the forecast period. Yeast is a single-cell organism that can grow in aerobic or anaerobic conditions. In aerobic conditions, it causes the conversion of sugar into CO2 and biomass. Yeast cannot grow efficiently in anaerobic conditions, and the sugar is converted into ethanol glycerol and carbon dioxide. Yeast is abundantly used in the production of food products such as cheese, sugardough bread, fermented meat, vegetables, and vinegar owing to it being a rich source of vitamins and dietary proteins.
Yeast is predominantly used in the food and beverages industry in the production of alcoholic beverages, bakery and confectionary items, and ready-to-eat food items. Yeast is also used to enhance the aroma, texture, flavor, and quality of the product and to boost the fermentation process. Besides these applications, yeast is also gaining importance in the vegan populace as the demand for nutritional yeast continues to increase. It is also used as a condiment in a variety of dishes due to its cheesy and nutty flavor that mimics the taste of cheese in vegan delicacies and stiffens the consistency of the sauces and dressings with a nutrient-dense approach.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/yeast-market
Key Highlights from Report:
- The Baker’s yeast sub-segment is foreseen to register significant growth in the projected timeframe accredited to the elevated demand for bakery products. The increasing requirement of processed food, dairy products, and bakery items is projected to propel the growth of the food sub-segment.
- The fresh form sub-segment is projected to account for a significant share of the industry in the estimated timeframe owing to its increasing application in bakery items such as biscuits, pastries, and bread.
- North America accounts for a significant share of the market in the global landscape owing to its ever-expanding consumer base and extremely high consumption of alcohol in the region. The APAC segment is also foreseen to register lucrative growth in the market, registering a CAGR of 10.2% accredited to the increasing demand for bakery and confectionery items in the region.
- Escalating intake of beer, wine, and liquor is a significant factor bolstering the market growth as they are derivatives of alcohol increasingly manufactured by fermentation processes. Across the world, high consumption of beer has been observed, with the United States being a key contributor.
- Major companies in the market include Associated British Foods, Koninklijke DSM N.V, Archer Daniels Midland, Chr. Hansen, Lallemand, Lesaffre, Angel Yeast, Biorigin, Belden, Kemin Industries, Kerry, Leiber, Nutreco N.V, Synergy Flavors, and Levex, among others.
- In June 2019, Associated British Foods PLC and Yihai Kerry Arawana Holdings Co., Ltd, a subsidiary of Wilmar International Limited, joined forces in China to manufacture, commercialize, and distribute the yeast and other bakery ingredients. The partnership deal is poised to expand Yihai Kerry Arawana’s supply chain, local market expertise, and sales and distribution network in China.
For the purpose of this study, Reports and Data has segmented the market on the basis of type, form, application, and region:
Type Outlook (Volume, Metric Tons; Revenue, USD Billion; 2017-2027)
- Baker’s
- Brewer’s
- Wine
- Bioethanol
- Feed
- Others
Form Outlook (Volume, Metric Tons; Revenue, USD Billion; 2017-2027)
- Dry
- Instant
- Fresh
- Others
Application Outlook (Volume, Metric Tons; Revenue, USD Billion; 2017-2027)
- Food
- Bakery
- Functional foods
- Savory
- Others (savories & snacks)
- Beverages
- Feed
- Others (pharmaceuticals, chemicals, cosmetics, and personal care products)
Regional Outlook (Volume, Metric Tons; Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
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