Yeast Market by Type (Bakers, Brewers, Wine, Feed, Bioethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Specialty Yeast by Type (Yeast Extracts and Autolysates), and Region - Global Forecast to 2022

The yeast market was valued at USD 3.23 Billion in 2016 and is projected to reach USD 5.40 Billion by 2022, at a CAGR of 9.0% from 2017 to 2022. The yeast market has been segmented on the basis of type, form, application, and region, whereas, the specialty yeast market has been segmented on the basis of type and region.

The years considered for the study are as follows:

• Base year – 2016
• Estimated year –2017
• Projected year - 2022
• Forecast period – 2017 to 2022

The objectives of the study include:

• To define, segment, and project the global market size for yeast
• To understand the structure of the yeast market by identifying its various subsegments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the micromarkets with respect to the individual growth trends, prospects, and their contribution to the total market

Research Methodology

This report includes an estimation of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the yeast market and various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research such as Hoovers, Forbes, and Bloomberg Businessweek, company websites, annual reports, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

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The key players in the yeast market include Associated British Foods plc (U.K.), AngelYeast Co., Ltd (China), Lesaffre Group (France), Chr. Hansen Holding A/S (Denmark), and Koninklijke DSM N.V. (Netherlands). Other players include Lallemand Inc. (Canada), Alltech, Inc. (U.S.), Leiber GmbH (Germany), Oriental Yeast Co., Ltd.(Japan), and Synergy Flavors (U.K.). The maximum value addition of a product in the global yeast industry is observed in the stage of manufacturing. The key companies that offer yeast focus on strategies such as acquisitions, new product developments, and expansions. Companies formulate new sales strategies to establish their innovative products in the market. These companies highlight product specifications and certifications from food safety authorities while promoting their yeast products. Value addition in the distribution and sales stage varies with key players, addressable markets, manufacturing units, and end consumers.

Target audience:

• Yeast manufacturers
• Technology providers to the yeast manufacturers
• Specialty yeast manufacturers/suppliers
• Importers and exporters of yeast
• Raw material suppliers
• Commercial research & development (R&D) institutions and financial institutions
• Intermediary suppliers
• Dealers
• End users

Scope of the report

This research report categorizes the yeast market based on type, application, form, and region.

Based on Type, the yeast market has been segmented as follows:

• Baker’s yeast
• Brewer’s yeast
• Wine yeast
• Feed yeast
• Bioethanol yeast
• Others (nutritional and supplement yeast)

Based on Application, the yeast market has been segmented as follows:

• Food
• Feed
• Others (pharmaceutical and industrial)

Based on Form, the yeast market has been segmented as follows:

• Dry Yeast
• Instant Yeast
• Fresh Yeast
• Others (bread machine and rapid-rise yeast)

Based on by Type, the Specialty yeast market has been segmented as follows:

• Yeast extracts
• Yeast autolysates
• Other yeast derivatives (yeast flavor enhancers, yeast saccharides, and yeast pigments)
• Others (nucleotides, minerals, and vitamins)

Based on Region, the market has been segmented as follows:

• North America
• Europe
• Asia-Pacific
• RoW (Brazil, Argentina, and South Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-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

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Breakdown & Data Triangulation
    2.3 Market Size Estimation
    2.4 Research Assumptions & Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in Global Yeast Market
    4.2 Global Yeast Market Growth, Major Countries
    4.3 Global Yeast Market, By Application, 2016
    4.4 European Yeast Market, By Country and Application
    4.5 Yeast Markets, By Type, 2017

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth of the Bakery Industry
                               5.2.1.1.1 Increase in Demand for Convenience Food Products
                    5.2.1.2 Positive Growth Trend in Alcoholic Beverages Consumption
                    5.2.1.3 Growth in Demand for Bioethanol as A Fuel
                    5.2.1.4 Increase in Demand for Specialty Yeast Products
           5.2.2 Restraints
                    5.2.2.1 Stringent Food Safety Regulations
           5.2.3 Opportunities
                    5.2.3.1 Yeast as an Alternative to Monosodium Glutamate (MSG)
                    5.2.3.2 Use of New Yeast-Based Raw Materials
           5.2.4 Challenges
                    5.2.4.1 Market Saturation and Scarcity of Raw Materials
    5.3 Supply Chain Analysis
           5.3.1 Yeast Strain Origin
           5.3.2 Yeast Strain Tests for Purity
           5.3.3 Yeast Strain Storage and Preservation
           5.3.4 Yeast Culture Supply
           5.3.5 Quality Checks
           5.3.6 Secure Shipping

6 Global Yeast Market, By Type (Page No. - 44)
    6.1 Introduction
    6.2 Baker’s Yeast
    6.3 Brewer’s Yeast
    6.4 Wine Yeast
    6.5 Bioethanol Yeast
    6.6 Feed Yeast
    6.7 Others

7 Global Yeast Market, By Application (Page No. - 54)
    7.1 Introduction
    7.2 Food
           7.2.1 Bakery
           7.2.2 Alcoholic Beverages
           7.2.3 Prepared Food
           7.2.4 Others
    7.3 Feed
    7.4 Other Applications

8 Global Yeast Market, By Form (Page No. - 66)
    8.1 Introduction
    8.2 Dry Yeast
    8.3 Instant Yeast
    8.4 Fresh Yeast
    8.5 Other Yeast Forms

9 Global Yeast Market, By Region (Page No. - 74)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 Spain
           9.3.3 France
           9.3.4 Italy
           9.3.5 U.K.
           9.3.6 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 Australia
           9.4.5 South Korea
           9.4.6 Rest of APAC
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 South Africa

10 Global Specialty Yeast Market, By Type (Page No. - 109)
     10.1 Introduction
     10.2 Yeast Extracts
     10.3 Yeast Autolysates
     10.4 Other Yeast Derivatives
     10.5 Others

11 Yeast and Specialty Yeast Market, By Species (Page No. - 118)
     11.1 Introduction
     11.2 Saccharomyces Cerevisiae
             11.2.1 Bakery Applications
             11.2.2 Beverage Applications
     11.3 Pichia Pastoris
             11.3.1 Healthcare Applications
             11.3.2 Methanol Production
     11.4 Kluyveromyces
             11.4.1 Food Applications

12 Global Specialty Yeast Market, By Region (Page No. - 122)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 APAC
     12.5 RoW

13 Competitive Landscape (Page No. - 132)
     13.1 Introduction
     13.2 Market Ranking Analysis
     13.3 Competitive Leadership Mapping, 2017
             13.3.1 Visionary Leaders
             13.3.2 Dynamic Differentiators
             13.3.3 Innovators
             13.3.4 Emerging Companies
     13.4 Competitive Benchmarking
             13.4.1 Strength of Product Portfolio (For 25 Companies)
             13.4.2 Business Strategy Excellence (For 25 Companies)

14 Company Profiles (Page No. - 137)
(Business Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments)*
     14.1 Associated British Foods PLC
     14.2 Angel Yeast Co., Ltd.
     14.3 Lallemand Inc.
     14.4 Leiber GmbH
     14.5 Lesaffre
     14.6 Alltech, Inc.
     14.7 Chr. Hansen Holdings A/S
     14.8 Koninklijke DSM N.V.
     14.9 Oriental Yeast Co., Ltd
     14.10 Synergy Flavors
     14.11 Nutreco N.V.
     14.12 Cargill
     14.13 Kerry Group PLC
     14.14 Archer Daniels Midland Company

*Details on Business Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 180)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details

List of Tables (117 Tables)

Table 1 Yeast Species Used in Commercial Applications for Fermentation
Table 2 Global Yeast Market Size, By Type, 2015-2022 (USD Million)
Table 3 Global Yeast Market Size, By Type, 2015-2022 (KT)
Table 4 Content of Yeast in Different Bakery Products
Table 5 Global Baker’s Yeast Market Size, By Region, 2015-2022 (USD Million)
Table 6 Global Baker’s Yeast Market Size, By Region, 2015-2022 (KT)
Table 7 Global Brewer’s Yeast Market Size, By Region, 2015-2022 (USD Million)
Table 8 Global Brewer’s Yeast Market Size, By Region, 2015-2022 (KT)
Table 9 Global Wine Yeast Market Size, By Region, 2015-2022 (USD Million)
Table 10 Global Wine Yeast Market Size, By Region, 2015-2022 (KT)
Table 11 Yeast Used for Ethanol Production
Table 12 Global Bioethanol Market Size, By Region, 2015-2022 (USD Million)
Table 13 Global Bioethanol Yeast Market Size, By Region, 2015-2022 (KT)
Table 14 Global Feed Yeast Market Size, By Region, 2015-2022 (USD Million)
Table 15 Global Feed Yeast Market Size, By Region, 2015-2022 (KT)
Table 16 Global Yeast Market Size for Other Types, By Region, 2015-2022 (USD Million)
Table 17 Global Yeast Market Size for Other Types, By Region, 2015-2022 (KT)
Table 18 Global Yeast Market Size, By Application, 2015-2022 (USD Million)
Table 19 Global Yeast Market Size, By Application, 2015-2022 (KT)
Table 20 Global Yeast Market Size for Food, By Region, 2015-2022 (USD Million)
Table 21 Global Yeast Market Size for Food, By Region, 2015-2022 (KT)
Table 22 Global Yeast Market Size for Food, By Sub-Application, 2015-2022 (USD Million)
Table 23 Global Yeast Market Size for Food, By Sub-Application, 2015-2022 (KT)
Table 24 Yeast Market Size for Bakery, By Form, 2015-2022 (USD Million)
Table 25 Yeast Market Size for Bakery, By Form, 2015-2022 (KT)
Table 26 Yeast Market Size for Alcoholic Beverages, By Form, 2015-2022 (USD Million)
Table 27 Yeast Market Size for Alcoholic Beverages, By Form, 2015-2022 (KT)
Table 28 Yeast Market Size for Prepared Food, By Form, 2015-2022 (USD Million)
Table 29 Yeast Market Size for Prepared Food, By Form, 2015-2022(KT)
Table 30 Others Market Size, By Form, 2015-2022 (USD Million)
Table 31 Others Market Size, By Form, 2015-2022 (KT)
Table 32 Global Yeast Market Size for Feed, By Region, 2015-2022 (USD Million)
Table 33 Global Yeast Market Size for Feed, By Region, 2015-2022 (KT)
Table 34 Global Yeast Market Size for Other Applications, By Region, 2015-2022 (USD Million)
Table 35 Global Yeast Market Size for Other Applications, By Region, 2015-2022 (KT)
Table 36 Global Yeast Market Size, By Form, 2015–2022 (USD Million)
Table 37 Global Yeast Market Size, By Form, 2015–2022 (KT)
Table 38 Global Dry Yeast Market Size, By Food Application, 2015–2022 (USD Million)
Table 39 Global Dry Yeast Market Size, By Food Application, 2015–2022 (KT)
Table 40 Global Instant Yeast Market Size, By Food Application, 2015–2022 (USD Million)
Table 41 Global Instant Yeast Market Size, By Food Application, 2015–2022 (KT)
Table 42 Global Fresh Yeast Market Size, By Food Application, 2015–2022 (USD Million)
Table 43 Global Fresh Yeast Market Size, By Food Application, 2015–2022 (KT)
Table 44 Global Other Yeast Forms Market Size, By Food Application, 2015–2022 (USD Million)
Table 45 Global Other Yeast Forms Market Size, By Food Application, 2015–2022 (KT)
Table 46 Global Yeast Market Size, By Region, 2015–2022 (USD Million)
Table 47 Global Yeast Market Size, By Region, 2015–2022 (KT)
Table 48 Global Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 49 Global Yeast Market Size, By Type, 2015–2022 (KT)
Table 50 North America: Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 51 North America: Yeast Market Size, By Country, 2015–2022 (KT)
Table 52 North America: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 53 North America: Yeast Market Size, By Type, 2015–2022 (KT)
Table 54 U.S.: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 55 U.S.: Yeast Market Size, By Type, 2015–2022 (KT)
Table 56 Canada: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 57 Canada: Yeast Market Size, By Type, 2015–2022 (KT)
Table 58 Mexico: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 59 Mexico: Yeast Market Size, By Type, 2015–2022 (KT)
Table 60 Europe: Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 61 Europe: Yeast Market Size, By Country, 2015–2022 (KT)
Table 62 Europe: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 63 Europe: Yeast Market Size, By Type, 2015–2022 (KT)
Table 64 Germany: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 65 Germany: Yeast Market Size, By Type, 2015–2022 (KT)
Table 66 Spain: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 67 Spain: Yeast Market Size, By Type, 2015–2022 (KT)
Table 68 France: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 69 France: Yeast Market Size, By Type, 2015–2022 (KT)
Table 70 Italy: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 71 Italy: Yeast Market Size, By Type, 2015–2022 (KT)
Table 72 U.K.: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 73 U.K.: Yeast Market Size, By Type, 2015–2022 (KT)
Table 74 Rest of Europe: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 75 Rest of Europe: Yeast Market Size, By Type, 2015–2022 (KT)
Table 76 APAC: Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 77 APAC: Yeast Market Size, By Country, 2015–2022 (KT)
Table 78 APAC: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 79 APAC: Yeast Market Size, By Type, 2015–2022 (KT)
Table 80 China: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 81 China: Yeast Market Size, By Type, 2015–2022 (KT)
Table 82 Japan: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 83 Japan: Yeast Market Size, By Type, 2015–2022 (KT)
Table 84 India: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 85 India: Yeast Market Size, By Type, 2015–2022 (KT)
Table 86 Australia: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 87 Australia: Yeast Market Size, By Type, 2015–2022 (KT)
Table 88 South Korea: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 89 South Korea: Yeast Market Size, By Type, 2015–2022 (KT)
Table 90 Rest of APAC: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 91 Rest of APAC: Yeast Market Size, By Type, 2015–2022 (KT)
Table 92 RoW: Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 93 RoW: Yeast Market Size, By Country, 2015–2022 (KT)
Table 94 RoW: Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 95 RoW: Yeast Market Size, By Type, 2015–2022 (KT)
Table 96 Global Specialty Yeast Market Size, By Type, 2015–2022 (USD Million)
Table 97 Global Specialty Yeast Market Size, By Type, 2015–2022 (KT)
Table 98 Global Specialty Yeast Market Size, By Region, 2015–2022 (USD Million)
Table 99 Global Specialty Yeast Market Size, By Region, 2015–2022 (KT)
Table 100 Global Yeast Extracts Market Size, By Region, 2015–2022 (USD Million)
Table 101 Global Yeast Extracts Market Size, By Region, 2015–2022 (KT)
Table 102 Global Yeast Autolysates Market Size, By Region, 2015–2022 (USD Million)
Table 103 Global Yeast Autolysates Market Size, By Region, 2015–2022 (KT)
Table 104 Global Other Yeast Derivatives Market Size, By Region, 2015–2022 (USD Million)
Table 105 Global Other Yeast Derivatives Market Size, By Region, 2015–2022 (KT)
Table 106 Global Other Specialty Yeast Market Size, By Region, 2015–2022 (USD Million)
Table 107 Global Other Specialty Yeast Market Size, By Region, 2015–2022(KT)
Table 108 Global Specialty Yeast Market Size, By Region, 2015–2022 (USD Million)
Table 109 Global Specialty Yeast Market Size, By Region, 2015–2022 (KT)
Table 110 North America: Specialty Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 111 North America: Specialty Yeast Market Size, By Country, 2015–2022 (KT)
Table 112 Europe: Specialty Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 113 Europe: Specialty Yeast Market Size, By Country, 2015–2022 (KT)
Table 114 APAC: Specialty Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 115 APAC: Specialty Yeast Market Size, By Country, 2015–2022 (KT)
Table 116 RoW: Specialty Yeast Market Size, By Country, 2015–2022 (USD Million)
Table 117 RoW: Specialty Yeast Market Size, By Country, 2015–2022 (KT)

List of Figures (49 Figures)

Figure 1 Yeast Market Segmentation
Figure 2 Global Specialty Yeast Market Segmentation
Figure 3 Yeast Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Research Assumptions
Figure 8 Research Limitations
Figure 9 Baker’s Yeast Segment to Lead Global Yeast Market, By Type, 2017–2022 (USD Million)
Figure 10 Yeast Extracts Segment to Lead Global Specialty Yeast Market, By Type, 2017-2022 (USD Million)
Figure 11 Global Yeast Market Size, By Form, 2017 vs 2022 (USD Million)
Figure 12 Global Yeast Market Size, By Application, 2017 vs 2022 (USD Million)
Figure 13 Europe Led Global Yeast Market in 2016
Figure 14 Increasing Demand for Bakery Products, Alcoholic Beverages, and Ethanol to Drive Market Growth During Forecast Period
Figure 15 China, India, and Canada to Record High CAGRs, 2017–2022
Figure 16 APAC to Be Largest Market for Feed Application
Figure 17 Food Segment Held Largest Share, 2016
Figure 18 APAC to Lead Brewer’s Yeast and Feed Yeast Markets
Figure 19 Market Dynamics: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Alcoholic Beverages Consumption Trend, 2013–2015 (Liter Per Capita)
Figure 21 Yeast and Specialty Yeast Supply Chain
Figure 22 Baker’s Yeast Segment to Lead Global Yeast Market, By Type, 2017-2022 (USD Million)
Figure 23 Food Segment to Lead Global Yeast Market, By Application, 2017-2022 (USD Million)
Figure 24 Bakery Sub-Segment to Lead Food Application Segment, By 2022
Figure 25 Yeast Market Share (Value), By Form, 2016
Figure 26 Global Yeast Market Size, By Form, 2017 vs 2022 (USD Million)
Figure 27 Geographic Snapshot (2017–2022)
Figure 28 Global Yeast Market, By Region, 2017–2022 (USD Million)
Figure 29 U.S. to Dominate Yeast Market By 2022
Figure 30 Europe: Yeast Market Size, By Country, 2017 & 2022 (USD Million)
Figure 31 APAC: Yeast Market Size, By Country, 2017-2022 (USD Million)
Figure 32 Yeast Extracts Segment to Record Highest CAGR, By Type, 2017-2022 (USD Million)
Figure 33 Europe Led Global Specialty Yeast Market in 2016
Figure 34 Role of Saccharomyces Cerevisiae Yeast Species in the Production of Fermented Beverages
Figure 35 Role of Pichia Pastoris in Healthcare Application
Figure 36 Global Specialty Yeast Market Growth Rate (2017-2022)
Figure 37 North America: Specialty Yeast Market Share, By Country, 2016 (USD Million)
Figure 38 European Specialty Yeast Market Size, By Country, 2017–2022 (USD Million)
Figure 39 APAC: Specialty Yeast Market Size, By Country, 2017–2022 (USD Million)
Figure 40 Ranking Analysis for Top Five Companies in Global Yeast Market
Figure 41 Yeast Market: Competitive Leadership Mapping, 2017
Figure 42 Associated British Foods PLC: Company Snapshot
Figure 43 Angelyeast Co., Ltd: Company Snapshot
Figure 44 Chr. Hansen Holdings A/S: Company Snapshot
Figure 45 Koninklijke DSM N.V.: Company Snapshot
Figure 46 Nutreco N.V.: Company Snapshot
Figure 47 Cargill: Company Snapshot
Figure 48 Kerry Group PLC: Company Snapshot
Figure 49 Archer Daniels Midland Company: Company Snapshot

The global yeast market has witnessed a steady growth over the last few years. The market size is projected to reach USD 5.40 Billion by 2022, at a CAGR of around 9.0% from 2017 to 2022. The growth of the bakery industry and increasing demand for convenience food are the major drivers that have contributed to the growth of the market.

The yeast market, by type, is segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, and others (nutritional and supplement yeast). The increasing trend of consumption of processed food items and bakery foods is leading to a high demand for baker’s yeast in developing economies.

By application, the market has been segmented into food, feed, and others (including pharmaceutical and industrial). The yeast application in the food segment has been increasing due to the increasing use of yeast in snack seasonings, ready-to-eat meals, processed fish, meat and analogs, dairy, bakery, beverages, and dietary supplements.

By form, the market has been segmented into fresh yeast, dry yeast, instant yeast, and others (including bread machine and rapid-rise yeast). The fresh yeast segment accounted for the largest market due to its wide use in bakery products such as bread, biscuits, and pastries.

The specialty yeast market, by type, is segmented into yeast extracts, and yeast autolysates, other yeast derivatives, and others. Other yeast derivatives include yeast flavor enhancers, yeast saccharides, and yeast pigments, and others include nucleotides, minerals, and vitamins. The need for developing high performing yeast at the lowest prices for the highly competitive end-product market is the key driver of the specialty yeast market.

The global yeast market was dominated by Europe in 2016. North America is projected to be the fastest-growing market from 2017 to 2022. The European yeast market is witnessing growth due to the increasing consumption of processed food products, increasing alcohol consumption, and increasing awareness about the nutritive value of yeast.

Stringent food safety regulations is the major factor restraining the yeast market. Some of the regulations are Regulation (EC) No 834/2007, and in particular Article 20 thereof, which lays down basic requirements for the production of organic yeast. Detailed rules for the implementation of those requirements should be laid down in Commission Regulation (EC) No 889/2008 (2). Also, according to Annex VI (B) to Council Regulation (EEC) No 2092/91 (3), only enzymes normally used as processing aids were allowed to be used in organic processing and enzymes used as food additives would have to be in the list of authorized food additives of Annex VI (A) (A.1) to that Regulation.

The global yeast market is characterized by moderate to low competition. Acquisitions and expansions & investments are the key strategies adopted by the key market players to ensure their growth in the market. The market is dominated by players such as Associated British Foods plc (U.K.), AngelYeast Co., Ltd (China), Lesaffre Group (France), Chr. Hansen Holding A/S (Denmark), and Koninklijke DSM N.V. (Netherlands). Other players include Lallemand Inc. (Canada), Alltech, Inc. (U.S.), Leiber GmbH (Germany), Oriental Yeast Co., Ltd.(Japan), and Synergy Flavors (U.K.).

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