The yeast market is projected to grow at a CAGR of9.6%.
The global yeast market is estimated to be valued at USD 3.9billion in 2020and is projected to reach USD 6.1 billion by 2025, recording a CAGR of 9.6%. Factors, such as the growing demand for yeast for the production of bakery products and alcoholic beverages across the globe, are projected to drive the growth of the yeast market during the forecast period.
• By type, the baker segment accounted for a larger share in 2019.
The baker segment accounted for a major share of the global yeast market, on the basis of type, in 2019.Yeasts have characteristics to replicate quickly and are easy to manipulate genetically.
In addition, the doubling time for yeast is 90 minutes, due to which it finds application in the brewer’s yeast and baker’s yeast markets.
Baker’s yeast consists of dried cells of one or more strains of the fungus, Saccharomyces cerevisiae, which is used as a leavening agent in baking products. Therefore, it witnesses a high demand in the bakery industry for the production of flavored products, such as bread, cookies, and biscuits.
• By genus, the saccharomyces segment is estimated to account for the largest share.
Based on genus, the yeast market is segmented into saccharomyces, kluyveromyces, and other genera.The saccharomyces genus is projected to account for the largest share due to its high usage in the food& feed industry.
Saccharomyces is an ascomycetous genus of yeast and finds application in different industries due to its ability to breakdown sugars (glucose and maltose) to form ethanol and carbon dioxide. Food and Drug Administration (FDA) considers S. cerevisiae under generally recognized as safe (GRAS), which is further projected to encourage the usage of feed yeast as a probiotic yeast.
Europe accounted for the largest share in the yeast market due to the wider acceptability and usage of yeast in bakery products.
The markets for processed and convenience food, as well as bakery products, are well-established in Europe.The increase in preference for bakery and convenience food products has contributed to the growth of the yeast market in this region.
Consumers in Europe witness a high preference for bakery products such as bread and cookies. This, in turn, is projected to drive the growth of the yeast market in this region.
The global yeast market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (the Middle East and Africa).
Break-up of Primaries • By Company Type: Tier 1 -45%, Tier 2 -30%, and Tier 3 -25%
• By Designation: C-level - 25%, D-level -40%, and Others*-35%
• By Region: Asia Pacific - 55%, Europe - 20%, North America - 15%, and RoW**- 10%
*Others include sales managers, marketing managers, and product managers.
**RoW includes the Middle East and Africa.
Leading players profiled in this report include the following: • Associated British Foods PLC (UK)
• Alltech (US)
• AngelYeast Co., Ltd. (China)
• Chr. Hansen Holdings A/S (Denmark)
• Lallemand Inc. (Canada)
• Leiber GmbH (Germany)
• Lesaffre Group (France)
• Oriental Yeast Co., Ltd. (Japan)
• Koninklijke DSM N.V. (Netherlands)
• Kerry Group PLC (Ireland)
• Sensient Technologies Corporation (US)
• Synergy Flavors (US)
• Halcyon Proteins Pvy. Ltd. (Australia)
• Novozymes (Denmark)
• Pacific Fermentation Industries (Canada)
• Biorigin (Brazil)
• ICC Brazil (Brazil)
• Agencias Levapan (South America)
• Pakmaya (Istanbul)
• Food Chem International (China)
Research Coverage This report segments the yeast market, on the basis of type, genus, form, application, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the yeast market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
Reasons to buy this report • To get a comprehensive overview of the yeast market
• To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
• To gain insights about the major countries/regions, in which the yeast market is flourishing
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