Global Yeast Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
Global Yeast Market Overview
Yeast is one of the most common single-celled microorganisms, categorized as a member of fungus species. For fermentation, Saccharomyces cerevisiae, a sugar-eating yeast species used in food, alcohol, and other industries. This yeast has the ability to obtain carbon dioxide from carbohydrates, offering better texture, flavor, and aroma to the food. In the recent past, Zymomonas mobilis, another type of yeast is being used to obtain bioethanol.
Increasing demand for baker’s yeast from the food industry, and the inclining trend of alcohol consumption are key factors expected to drive the growth of the global yeast market. In addition, rising awareness about the nutritional value of yeast and its applications in supplements, and production of bioethanol and biodiesel are other major factors expected to fuel the growth of the global yeast market.
Biodiesel is being promoted majorly by governments across the globe and yeast’s property to contribute in meeting the biodiesel demand is expected to drive growth significantly during the forecast period.
However, cut-throat competition to offer innovation in products at reasonable costs is expected to challenge the growth of the global market. Moreover, the availability of substitutes by local players may hamper the market growth. As the global yeast market is fragmented due to the presence of various small and large manufacturers in countries across the globe. Moreover, there are various strong players in the market. This will make it difficult for new entrants to enter and function properly in the next ten years.
North America and Europe markets are expected to account for major revenue share due to ever-increasing demand from the food industry, and the alcohol and wine industry to meet needs to individuals’ requirements of processed food, bakery products, wine, alcohol, etc.
Asia Pacific market is estimated to register high growth in terms of revenue owing to rising inclination towards packed food, bakery, and dairy food items, coupled with hectic lifestyles. Markets in countries such as China and India are expected to contribute major revenue share in the Asia Pacific market.
In North America and Europe markets, US and Germany markets are expected to contribute a higher share in terms of revenue as compared to other countries respectively. This can be attributed to the increasing use of yeast for biodiesel production in countries in these regions.
Global Yeast Market Segmentation:
Segmentation on the basis of product:
- Baker’s yeast
- Feed yeast
- Bioethanol yeast
- Brewer's yeast
- Wine yeast
- Others (nutritional and supplement yeast)
Segmentation on the basis of application:
- Food & Beverages
- Others (pharmaceutical and industrial)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Associated British Foods plc
- AngelYeast Co., Ltd
- Lesaffre Group
- Hansen Holding A/S
- Koninklijke DSM N.V.
- Cargill Incorporated
- Alltech Inc.
- Ab Mauri
- Ab Vista
- Bio Springer S.A
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