Brewer’s Yeast Market By Product Type (Dry and Liquid), By Application (Feed Supplements and Food Supplements), By Vertical (Industrial, Pharmaceutical, and Others), and Region - Global Forecast to 2027
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- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global Brewer’s Yeast Market is estimated to value at nearly US$ 3.1 Bn in 2019, and is expected to register a CAGR of 8.5%. The report offers in-depth insights, revenue details, and other vital information regarding the global brewer’s yeast market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2028. The global brewer’s yeast market is segmented on the basis of product type, application, vertical, and region.
Global Brewer’s Yeast Market: Introduction
Brewer's yeast is a non-leavening yeast used in brewing beer and can also be used in food and feed supplement due to its nutritional properties. It is a rich source of chromium, which may help human body to maintain normal blood sugar levels. It is also a source of B vitamins.
Global Brewer’s Yeast Market: Dynamics
Major factors driving growth of the global brewer’s yeast market increasing demand for feed additives to protect the livestock across the globe. Feed additives contain essential nutrients and fiber, proteins, carbohydrates, fats and vitamins, which enhance digestion and metabolism, and also boosts immunity. Moreover, health benefits associated with brewer’s yeast, including animal well-being and enhancing intestinal flora. These benefits are expected to increase demand for such product, further fueling demand for additives among producers of animal feed formulations and products.
Increasing demand for dietary supplements in developing countries is anticipated to support growth of the target market during the forecast period. Changing lifestyle, growing obesity, and shifting preference towards intake of fast food products are other major factors expected to drive growth of the global dietary supplements market over the next few years. Use of brewer’s yeast-based food additives products as an ingredient in dietary supplements due to presence of essential nutrients that aid in maintaining or improving health, and rising awareness and consumption of such products, especially in developed countries such as the US, Canada, the UK, and Australia are key factors expected to drive growth of the market
However, over consumption of brewer's yeast-based food supplements may cause serious side effects on the human body, and related concerns could act as a major factor hampering growth of the target market to a certain extent. Over consumption of brewer's yeast can cause mild headache, stomach discomfort, bloating, flatulence, chest pain or difficulty breathing and others.
Growing animal population in emerging economics such as China, Brazil, and India is resulting in high demand for feed additives. This is opening up lucrative revenue growth opportunities for major players to meet increasing feed additive requirements.
Increasing trend of shifting preference towards bio-based or natural food and feed additives is expected to gain traction and support revenue growth of the market over the next 10 years. In addition, various bio-based feed additives support reduced antibiotics of Raised Without Antibiotics (RWA) systems, including providing benefits to replace or improve upon productivity benefits. This is expected to become increasingly popular because they enhance performance in a natural way that is acceptable to end customers.
Global Brewer’s Yeast Market Analysis, by Product Type
Among the product type segments, the dry segment is expected to contribute major revenue share, and is projected to register highest CAGR of over 8.3% during the forecast period. Increasing demand for dry brewer’s yeast in brewing industry and pharmaceutical applications is anticipated to drive growth of the segment.
Global Brewer’s Yeast Market Analysis, by Application
Among the application segments, the feed supplements segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The feed supplements segment is expected to register highest CAGR of over 8.2% during the forecast period. Increasing demand for the animal feed across the globe is projected to drive the growth of this segment.
Global Brewer’s Yeast Market Analysis, by Vertical
Among the vertical segments, the industrial segment is expected to contribute major revenue share in the global market and is projected to register a CAGR of over 8% during the forecast period.
Global Brewer’s Yeast Market Analysis, by Region
The market in North America is expected to dominate in the global brewer’s yeast market and is expected to continue its dominance over the forecast period. Increasing consumption of alcohol coupled with increasing number of brewer’s in countries in the region is expected to drive revenue growth of the North America brewer’s yeast market over the forecast period.
High consumption of dietary supplements among individual to improve overall heath is another factor expected to boost growth of the North America brewer’s yeast market. In addition, increasing demand for nutraceutical products in the countries such as the US and Canada owing to rising number of diabetes patients, is expected to support revenue growth of North America brewer’s yeast market over the forecast period. Increasing demand for beef and meat products among the overall population resulting in growing adoption of feed supplements among farmers to improve cattle health is a major factor driving growth of brewer’s yeast market in countries in the region.
The Asia Pacific market is expected to register significant CAGR in terms of revenue over the forecast period. Increasing demand for poultry and other meat products in the region owing to increasing population and rapid urbanization is expected to boost demand for animal feed additive to ensure maximum productivity of poultry to cater to increasing meat consumption in the region, which in turn expected to drive revenue growth of brewer’s yeast market in Asia Pacific. In addition, increasing geriatric population coupled with high healthcare costs is expected to boost demand for nutraceutical products in the region, which in turn expected to boost demand for brewer’s yeast in countries in the region. For instance, in 2017, according in a Global Agriculture Information Network (GAIN) report, China’s per capita beef consumption was around 5.8 kg and this is expected to reach 6.0 kg in 2018.
Global Brewer’s Yeast Market Segmentation:
Global Brewer’s Yeast Market Segmentation, by Product Type:
Global Brewer’s Yeast Market Segmentation, by Application:
- Food Supplements
- Feed Supplements
Global Brewer’s Yeast Market Segmentation, by Vertical:
- Brewing Industries
- Nutraceutical Manufacturers
Global Brewer’s Yeast Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Rymco Pty Ltd
- Cargill, Incorporated
- Koninklijke DSM N.V.
- Anchor Yeast(pvt) Ltd
- Gulf Brewer’s yeast LLC
- Omega Laboratories, Inc.
- Lesaffre et Compagnie, SA
- Oriental Yeast Co., Ltd.
- Saf Yeast Company Private Limited
- Archer Daniels Midland Company
- Associated British Food Plc.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.0 Chapter 2
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Product Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Vertical
- 2.2.4 Market Snapshot, By Region
- 2.2.5 Prudour Opportunity Map Analysis
- 2.1 Report Description
- 3.0 Chapter 3
- 1.0 Chapter 1
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