Global Yeast Market Size Forecast Report 2024-2030

Yeast Market Outlook

The Global Yeast Market is expected to reach approximately US$10.77 billion by 2030, according to Renub Research. Yeast, a versatile microorganism belonging to the fungi kingdom, plays a crucial role in various biological and industrial processes. Saccharomyces cerevisiae, commonly used in baking and brewing, ferments sugars to produce carbon dioxide, which is essential for dough rising and alcohol production. Beyond its culinary uses, yeast is significant in biotechnology, where it is involved in the production of pharmaceuticals and biofuels. Its unique ability to perform both aerobic and anaerobic respiration allows it to thrive in diverse environments. With its importance in bioprocessing and as a model organism for clinical research, yeast is a fundamental microbe with implications spanning food production, medicine, and biotechnology.

Projected Growth

The global yeast market is anticipated to experience a CAGR of 8.61% from 2024 to 2030. The demand for yeast is escalating, fueled by the rising need for fresh bread, pastries, and baked goods in bakeries and homes worldwide. The trend toward convenience has increased the popularity of ready-to-bake yeast products, providing an easy way for consumers to enjoy freshly baked items. Additionally, yeast plays a crucial role in fermenting alcoholic beverages like beer, wine, and spirits, aligning with the growing consumption of these drinks, especially in emerging markets. This multifaceted demand for bakery products and beverage fermentation positions yeast as a key player in satisfying cravings for comfort and culinary experiences globally.

Yeast is recognized for its nutritional benefits, including vitamin B, protein, and fiber, leading to its use in various sectors, from veggie burgers to dietary supplements and animal feed. The industry is also exploring biofuels, sustainable yeast options, and pharmaceutical applications related to vaccines and enzymes, broadening its market scope. In regional terms, the Asia-Pacific region, driven by economic growth and rising incomes, is a vital force behind market expansion, emphasizing the need to adapt to local tastes. In contrast, Europe’s established markets focus on high-quality ingredients and specialty yeasts, contributing to sustained growth across different industries and applications. As of 2023, the global yeast market was valued at US$6.04 billion.

The role of yeast is expanding in response to the increasing demand for gut-friendly foods, influencing the production of fermented products such as probiotic beverages, kombucha, and kimchi. Tailored yeast strains enhance performance and fermentation processes while introducing specific flavors or nutrients. Technological advancements in production and cultivation are optimizing processes and minimizing waste through automation. The future holds the promise of personalized brewing with home kits featuring customized yeast strains for crafting unique beers. Sustainability efforts focus on repurposing by-products for animal feed or bioplastics and utilizing renewable energy sources to reduce the environmental impact of yeast production. Increased consumer scrutiny is driving transparency and traceability regulations within the yeast supply chain.

Market Segmentation

Dry yeast currently dominates the global yeast market. It is favored for its long shelf life, ease of storage, and convenient transportation, aligning with contemporary consumer preferences for practicality. Its concentrated formulation ensures consistent quality and dependable performance across various applications, including baking and brewing. The versatility of dry yeast caters to both commercial manufacturing and home use, leading to its widespread adoption. Its cost-effectiveness, shelf stability, and adaptability further solidify its position in the dynamic global yeast market.

In terms of application, the global yeast market is categorized into Food, Beverages, Bio-ethanol, Pharmaceuticals, and Feed. Yeast is extensively utilized in baking, fermentation, and flavor enhancement, solidifying its importance in the food industry. It is essential for products like bread, pastries, and fermented foods, contributing significantly to their texture and flavor. The increasing demand for bakery products and the global appreciation of diverse cuisines are driving yeast consumption. Moreover, yeast’s versatility extends to savory dishes, snacks, and plant-based protein options. As consumer preferences evolve, yeast’s vital role in improving food quality and variety ensures its continued prominence in the global market.

Regional Insights

The United States holds a significant share of the global yeast market. The country’s robust food and beverage industry, coupled with a strong baking culture, drives yeast demand. Americans’ enthusiasm for a variety of cuisines, from traditional bread to modern fermented products, enhances yeast usage. Additionally, the increasing number of health-conscious consumers seeking nutritional yeast contributes to market growth. The presence of key yeast manufacturers, technological advancements, and strict quality standards further establish the United States as a crucial player in the dynamic global yeast market.

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Key Players

Notable companies in the global yeast market include 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, and Sensient Technologies Corporation.

• In 2023, AB Vista, a leading yeast manufacturer, introduced a new corn yeast strain that enhances ethanol production efficiency.
• In 2023, Lallemand Biofuels, a subsidiary of Lallemand Inc., launched a new yeast strain capable of withstanding high temperatures and converting various feedstocks into bioethanol.

Forms – Global Yeast Market breakup in 4 viewpoints:

1. Dry Yeast
2. Instant Yeast
3. Fresh Yeast
4. Others

 

 

Application – Global Yeast Market breakup in 5 viewpoints:

1. Food
2. Beverages
3. Bioethanol
4. Pharmaceuticals
5. Feed

 

 

Countries – Global Yeast Market breakup in 18 viewpoints:

1. North America

 

1.1    United States

1.2    Canada

 

2. Latin America

 

2.1    Mexico

2.2    Brazil

 

3. Europe

 

3.1    United Kingdom

3.2    Germany

3.3    France

3.4    Italy

3.5    Spain

3.6    Netherlands

 

4. Asia Pacific

 

4.1    China

4.2    Japan

4.3    India

4.4    South Korea

4.5    Australia

 

5. Middle East & Africa

 

5.1    United Arab Emirates

5.2    South Africa

 

6. Rest of the World

 

 

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

 

 

Companies Analysis:

1. Dun & Bradstreet Holdings
2. Conagra Brands, Inc. (US)
3. Danone SA (France), ADM (U.S)
4. Associated British Foods PLC (UK)
5. General Mills Inc. (US)
6. Koninklijke DSM N.V.
7. Kerry Group Plc.
8. Sensient Technologies Corporation.

 

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