Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotic Yeast), Application (Food, Feed), Form (Fresh, Instant, Active), Genus (Saccharomyces, Kluveromyces), Yeast extract (Qualitative) and Region - Global Forecast to 2029
The global yeast market is on a trajectory of significant expansion, projected to reach USD 8.5 billion by 2029 from the 2024 valuation of USD 5.5 billion, displaying a promising CAGR of 8.9%. The growth of the yeast market is expected to be driven by factors such as the awareness of the health advantages linked with yeast ingredients and products, particularly in food and feed applications. Increasing demand from the baking and brewing sectors, along with shifting consumer preferences towards yeast-based food and beverages globally, further contributes to this growth.
Furthermore, yeast serves as a crucial additive in various food applications, including processed foods, bakery items, and alcoholic drinks. It is also utilized in pharmaceutical and biofuel industries, with a focus on developing bioethanol products to meet the rising demand for cleaner fuels. Technological advancements enabling efficient utilization of raw materials for yeast production have allowed leading companies to diversify their revenue streams.
To know about the assumptions considered for the study, Request for Free Sample Report
To know about the assumptions considered for the study, download the pdf brochure
Market Dynamics:
Drivers: Expansion of the bakery industry worldwide
The bakery industry has witnessed substantial growth worldwide, especially in emerging economies, driven by factors such as urbanization and changing consumer preferences. This expansion has led to a surge in demand for yeast, a crucial ingredient in bread making. Yeast serves as the leavening agent responsible for the fermentation process that gives bread its desired texture. In emerging economies, the rising preference for convenient and affordable food options, including packaged bread and pastries, has further fueled the demand for yeast.
The bakery industry's growth, as evidenced by Agriculture Canada's data showing bread sales in the US rising from USD 23,541 million in 2018 to USD 30,018 million in 2022, serves as a significant driver for the yeast market. This considerable increase in bread consumption reflects changing consumer preferences and dietary habits, particularly in the US market. As bread continues to be a staple food item for many, the demand for yeast as a key ingredient in bread-making experiences a corresponding surge. The rise in bread sales directly correlates with an increased need for yeast, as it serves as the essential leavening agent in bread fermentation, contributing to the texture and flavor of the final product.
Consequently, yeast producers are poised to capitalize on this trend, expanding their production capacities to meet the growing demand from bakeries striving to keep pace with consumer preferences. With bread sales on the rise, the yeast market is set to further benefit from the bakery industry's expansion, both in the US and globally, as consumers continue to embrace baked goods as a convenient and satisfying food option.
Restraints: Concerns regarding the allergenic potential of yeast
The allergenic potential of yeast poses a significant restrains for the yeast market, particularly in food and beverage applications. With increasing awareness of food allergies among consumers, concerns about allergic reactions to yeast can lead individuals to avoid products containing this ingredient, impacting market demand. For manufacturers, the presence of yeast allergies limits their ability to include yeast in their products, restricting product offerings and potentially reducing revenue streams.
Additionally, compliance with labeling regulations necessitates clear identification of yeast in ingredient lists, which may deter consumers with yeast allergies from purchasing certain products. Negative public perceptions associated with common allergens can further erode consumer trust and brand loyalty, despite proper labeling. Furthermore, finding suitable alternatives to yeast that offer similar functional properties without triggering allergic reactions presents a significant research and development challenge for the industry. As competitors respond by promoting yeast-free alternatives, market competition intensifies, potentially squeezing profit margins for companies reliant on yeast-based ingredients. To navigate these challenges, companies may need to invest in research, labeling transparency, and product innovation to cater to the needs of consumers with yeast allergies while maintaining market competitiveness.
Opportunities: Strategic collaborations and partnerships between yeast manufacturers & other players
Strategic collaborations and partnerships between yeast manufacturers and food &beverage companies, feed manufacturers & other application producers offer a unique opportunity to develop customized solutions and formulations tailored to specific needs. By leveraging the expertise of both parties, such collaborations can lead to the creation of innovative products such as the GENE-UP BREWPRO Yeast Slurry (YS) developed by bioMérieux in partnership with industry-leading yeast supplier White Labs on October 2023. This pioneering diagnostic quality control PCR test is designed to detect contaminants in raw yeast materials and yeast propagations, ensuring top-quality fermentations.
Such collaborations allow for the integration of advanced technologies, such as molecular diagnostics, into the production process, enabling early detection of contaminants and spoilage challenges. This not only strengthens quality control programs but also enhances operational efficiencies, minimizes waste, and ensures product consistency and taste profiles. By addressing challenges at various stages of production, these collaborations ultimately uphold product integrity, brand reputation, and customer trust, presenting a significant opportunity for growth in the yeast market.
Challenges: Difficulty in achieving consistent product quality and performance due to variations in raw materials, fermentation conditions, and strain characteristics
In the yeast market, ensuring consistent product quality and performance poses a significant challenge due to variations in raw materials, fermentation conditions, and strain characteristics. Raw materials like molasses or sugar can differ in composition and quality based on factors such as geographic origin and seasonal variations, impacting nutrient availability and ultimately affecting yeast growth and productivity during fermentation. Moreover, fluctuations in fermentation conditions, such as temperature, pH, and oxygen levels, can influence yeast metabolism and product attributes, leading to inconsistencies in flavor and aroma.
Variations in strain characteristics, whether due to genetic mutations or microbial contamination, can result in unpredictable fermentation outcomes and product quality. Addressing these challenges requires stringent quality control measures, including the selection of robust yeast strains, optimization of fermentation processes, and collaboration with suppliers to ensure a consistent supply of high-quality raw materials. By implementing such strategies, yeast manufacturers can strive to deliver reliable and high-quality products that meet the demands of their customers and maintain competitiveness in the market.
Market Ecosystem
Probiotic Yeast Is Estimated To Grow At A Faster Cagr During Forecasted Period.
The future prospects for probiotic yeast are exceptionally promising, with a steady uptick in demand expected across multiple industries. This growing interest is driven by increasing recognition of the pivotal role gut health plays in overall wellness, motivating consumers to actively seek probiotic products, including those featuring yeast strains. Probiotic yeast's adaptability in both food and feed sectors further amplifies its appeal, given its proven effectiveness across a diverse array of products, ranging from fermented foods to animal nutrition supplements. Moreover, the emergence of personalized nutrition and therapeutics has generated considerable interest in tailored probiotic solutions, where probiotic yeast strains are poised to offer targeted health benefits. Advancements in assessment methodologies and technologies have streamlined the identification and characterization of probiotic yeast strains with enhanced attributes, contributing to heightened market demand. With ongoing research uncovering additional health benefits and mechanisms of action, probiotic yeast is poised to broaden its impact on human and animal health, solidifying its status as a valuable asset within the realm of functional foods and supplements.
Asia Pacific Is The Fastest-Growing Market For Yeast Among The Regions.
The yeast market in the Asia Pacific region is experiencing remarkable growth, driven by factors such as increasing urbanization and a rising demand for processed and convenience foods. Among the major players in this thriving market, Angel Yeast, headquartered in China, holds a prominent position. Renowned for its extensive product portfolio and commitment to research and development, Angel Yeast has established itself as a leading supplier of yeast-based products in the region. Its focus on innovation and sustainability has enabled it to adapt to evolving consumer preferences and maintain a competitive edge.
Alongside Angel Yeast, other key players such as Lesaffre, Lallemand, and AB Mauri contribute significantly to the yeast market's dynamism in the Asia Pacific. These companies have expanded their operations and product offerings to cater to the diverse requirements of industries such as food and beverage, pharmaceuticals, and animal nutrition. Through strategic investments and partnerships, they have strengthened their foothold in the region, capitalizing on the growing demand for yeast-based solutions. Additionally, the market boasts a multitude of regional and local players, adding diversity and depth to the industry landscape. Overall, the Asia Pacific yeast market presents lucrative opportunities for growth and innovation, with major players like Angel Yeast leading the charge towards a dynamic and thriving future.
Key Market Players
The key players in this market include ADM (US), Associated British Foods plc (UK), Alltech (US), AngelYeast Co., Ltd (China), Lallemand Inc. (Canada), ICC (Brazil), Leiber (Germany), Lesaffre (France).
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
:
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market size estimation |
2024–2029 |
|
Base year considered |
2023 |
|
Forecast period considered |
2024–2029 |
|
Units considered |
Value (USD), Volume (Ton) |
|
Segments Covered |
By Type, Applications, by Form, By Genus, By Yeast Extract (Qualitative) And Region |
|
Regions covered |
North America, Europe, Asia Pacific, South America, and RoW |
|
Companies studied |
|
This research report categorizes the yeast market based on type, applications, genus, form, yeast extract (qualitative), and region.
Yeast Market:
By Type
- Brewer’s Yeast
- Baker’s Yeast
- Wine Yeast
- Probiotic Yeast
- Other Types
By Application
-
Food
- Bakery Products
- Prepared Meals
- Beverages
- Other Food Applications
-
Feed
- Swine
- Poultry
- Cattle
- Other Feed Applications
- Other Applications
By Form
- Fresh
- Instant
- Active
By Genus
- Saccharomyces
- Kluyveromyces
- Other Genera
By Yeast Extract (Qualitative)
- Yeast Autolysates
- Yeast Hydrolysates
- Yeast Cell Wall
Region
- North America
- Europe
- Asia-Pacific
- South America
- RoW
Recent Developments
- In September 2022, Leiber, a brewers’ yeast specialist, is making significant investments in sustainability by constructing a new biomass power plant in Engter, Lower Saxony. The plant aims to use waste wood to generate a large portion of the heat energy and about one-third of the electricity required for its production operations.
- In March 2021, AB Mauri, a global leader in promoting bakery consumption, has relocated its Global Technology Centre from Made to Etten-Leur in The Netherlands, approximately 40 km from Rotterdam. This move signifies an investment to bolster the company's position in supporting customers with innovative bakery solutions and technology. The new center will serve as an international hub for research and development (R&D), applications in bakery solutions, technology, and sensory analysis. It includes research laboratories, a large bakery, pilot plant, sensory panel, and seminar facility
- In March 2021, Alltech (US), a global leader in animal health, has launched Acutia, a subsidiary focusing on human health. Acutia offers high-quality supplements aimed at enhancing everyday nutrition and long-term wellness. The selenium found in Acutia Selenium and Acutia Brain Health is made from a specialized, high-quality strain of brewer’s yeast to optimize the quality, absorption, safety, and efficacy of the products.
Frequently Asked Questions (FAQ):
What is the current size of the yeast market?
The yeast market is estimated at USD 5.5 billion in 2024 and is projected to reach USD 8.5 billion by 2029, at a CAGR of 8.9% from 2024 to 2029.
Which are the key players in the market, and how intense is the competition?
The key players in this market include ADM (US), Associated British Foods plc (UK), Alltech (US), AngelYeast Co., Ltd (China), Lallemand Inc. (Canada), ICC (Brazil), and Leiber (Germany).
The yeast market witnesses increased scope for growth. The market is seeing an increase in the number of mergers and acquisitions and new product launches. Moreover, the companies involved in the production of yeast are investing a considerable proportion of their revenues in research and development activities.
Which region is projected to account for the largest share of the yeast market?
The European market is expected to dominate during the forecast period. Europe currently stands as a formidable force in the yeast market, boasting dominance fueled by a convergence of factors, including robust research and development initiatives, advanced manufacturing capabilities, and a deeply rooted culinary tradition that heavily relies on yeast-based products. With a landscape rich in diverse yeast strains and a sophisticated understanding of fermentation processes, European countries have become pivotal players in supplying yeast products globally. Major market players such as ICC, Lesaffre, and Leiber contribute significantly to this dominance through their innovation, expertise, and extensive distribution networks.
What kind of information is provided in the company profile section?
The company profiles mentioned above offer valuable information, such as a comprehensive business overview, including details on the company's various business segments, financial performance, geographical reach, revenue composition, and the breakdown of their business revenue. Additionally, these profiles offer insights into the company's product offerings, significant milestones, and expert analyst perspectives to further explain the company's potential.
What are the factors driving the yeast market?
The burgeoning demand for nutritive feed is propelling significant growth in the yeast market. As consumers increasingly prioritize healthier diets for both themselves and their livestock, the need for high-quality, nutrient-rich animal feed has escalated. Yeast, with its abundant reserves of essential vitamins, proteins, and minerals, emerges as a favored supplement for enhancing the nutritional profile of animal feed. Its versatility in improving digestion, promoting animal growth, and bolstering immunity has made it indispensable across various livestock sectors. Moreover, the rising awareness of sustainable farming practices has further accentuated the adoption of yeast-based feed additives, aligning with the global shift towards eco-friendly agricultural solutions. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involved two major approch in estimating the current size of the yeast market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases, were referred to identify and collect information.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the Yeast market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, research, and development teams, and related key executives from distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to yeast, type, form, application, and region. Stakeholders from the demand side, such as processed food and functional food products manufacturer who manufacture the products were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of Yeast and the outlook of their business which will affect the overall market.
To know about the assumptions considered for the study, download the pdf brochure
|
COMPANY NAME |
designation |
|
ADM (US) |
General Manager |
|
Associated British Foods plc (UK) |
Sales Manager |
|
Alltech (US) |
Manager |
|
AngelYeast Co., Ltd (China) |
Head of processing department |
|
Lallemand Inc. (Canada) |
Marketing Manager |
|
Leiber (Germany) |
Sales Executive |
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the yeast market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
- The key players in the industry and the overall markets were identified through extensive secondary research.
- All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.
Global Yeast Market: Supply-side analysis.
To know about the assumptions considered for the study, Request for Free Sample Report
Global Yeast Market: Top-Down Approach.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed to estimate the yeast market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying numerous factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
According to the FAO, yeast is a unicellular fungus that reproduces asexually by budding or division, particularly the genus Saccharomyces, which is important in food fermentations. It is used in the preparation of food products, animal nutrition, and pet nutrition products, which helps in improving the health and performance of animals. According to Lallemand Inc., “the ban of antibiotic growth promoters in feed for production of animal foods in the European Union has led to increased interest in evaluating the effect of yeast products on the gastrointestinal ecosystem, rumen microbial populations, and overall animal performance.
Furthermore, the large-scale industrial production and commercial use of yeasts were initiated around the end of the 19th century. Yeasts approved for use in food products are rich in nutrition, proteins, enzymes, and vitamins. Hence, yeast can be used in the food industry as a nutritional supplement. Yeast is used in basic cultures for manufacturing specific fermented food products, such as dairy, bakery, fermented meat and vegetable products, and vinegar.
Key Stakeholders
- Yeast manufacturers
- Yeast importers and exporters
- Yeast traders, distributors, and suppliers
- Food associations of several countries
- Intermediary suppliers including traders and distributors of food & beverage, feed, and bio-ethanol products
- Feed yeast distributors and wholesalers
- Feed additive manufacturers, formulators, and suppliers
- Public and commercial research institutions/agencies/laboratories
- Government regulatory authorities and agricultural research organizations
- Livestock farm and industry associations, and farm cooperative societies
Report Objectives
- To determine and project the size of the yeast market with respect to the type, applications, form, genus, yeast extract (qualitative) and region in terms of value and volume over five years, ranging from 2024 to 2029.
- To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
- To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market.
- To identify and profile the key players in the yeast market.
- To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.
- To provide insights on key product innovations and investments in the yeast market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
The following customization options are available for the report:
Product Analysis
- Product Matrix, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis
With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
- Further breakdown of the European Yeast market into key countries.
- Further breakdown of the Rest of Asia Pacific Yeast market into key countries.
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Yeast Market