Yeast Market

[186 Pages Report] According to MarketsandMarkets, the global yeast market size is estimated to be valued at USD 3.9 billion in 2020 and is projected to reach USD 6.1 billion by 2025, recording a CAGR of 9.6%. Yeast, being one of the most versatile microorganisms, is used in the production of food & beverage products. The commercialization of yeast has resulted in a transition phase in the yeast industry. The market for yeast is growing globally due to the increase in demand for bakery products, the trend of buying alcoholic beverages worldwide, and global demand for bioethanol as a fuel.

The demand for naturally-sourced food additive witnesses a significant increase due to the growing health concerns among consumers, which is projected to drive the growth of the market. However, food safety regulations for the use of red yeast extract products is a key factor that is projected to inhibit the growth of this market in developed regions.

By type, the baker’s yeast segment is projected to account for the largest share in the market

The baker’s segment is projected to dominate the market, based on type, during the forecast period. This is attributed to the cost-effectiveness and wide application areas of baker’s yeast in industries, such as food and feed. The growth of the baker’s yeast market is directly linked to the increase in the consumption of bakery items. The rise in consumption of bakery products, particularly bread, in developed regions is projected to drive the growth of the baker’s yeast market. Moreover, according to the All India Bread Manufacturer’s Association (AIBMA), India’s estimated per capita consumption of bread is nearly 1.5 kg to 1.75 kg. Thus, the increase in consumption of bakery products, particularly bread, contributes to the growth of the baker’s yeast segment in the market during the forecast period.

By application, the food segment is projected to account for a larger share in the market during the forecast period

Based on the application, the market is segmented into food and feed. The food segment is estimated to account for a larger share due to the high consumption of bakery products. The rising consumption of naturally-extracted ingredients with the increasing demand for clean-label and free-from products, which is projected to drive the growth of this  market in the food industry. However, major players, such as AngelYeast Co., Ltd. (China), Associated British Food PLC (UK), and Oriental Yeast Co., Ltd. (Japan), are constantly witnessing an increase in production to cater to the requirements in the food industry.

Europe is projected to account for the largest share during the forecast period

In 2019, Europe accounted for the largest share in the market. The processed food and bakery industries in the European region are witnessing significant growth due to the change in lifestyles of consumers and an increase in disposable income levels. The European yeast market is witnessing significant growth due to the increase in consumption of processed food products, the rise in alcohol consumption, and awareness about the nutritive value of yeast. The market in the European Union is mainly concentrated on bread production applications. The increase in the consumption of cakes, bread, pastries, as well as alcoholic beverages has led to an increase in demand for yeast in European countries.

Key Market Players

Key players in this market include AngelYeast Co., Ltd. (China), Lesaffre Group (France), Lallemand Inc. (Canada), Associated British Foods PLC (UK), Alltech (US), and Chr. Hansen Holdings A/S (Denmark).

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Scope of the Report

Target Audience

• Raw material manufacturers and suppliers
• Research institutions
• Government bodies
• Distributors
• End-users (food, feed, and the beverage industry)

Type

• Baker’s yeast
• Brewer’s yeast
• Probiotics yeast
• Wine yeast
• Other types

Genus

• Saccharomyces
• Kluyveromyces
• Other genera

Form

• Active
• Instant
• Fresh

Application

• Food
  • Bakery
  • Beverages
  • Prepared meals
  • Other food applications
• Feed
  • Cattle
  • Poultry
  • Swine
  • Other feed applications

By Region

• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)

Recent Developments

• In January 2019, Kerry Group launched its first non-GMO yeast named “Acryleast” for effective reduction of acrylamide levels up to 90% without affecting the taste and texture of food & beverages. This new product launch helped the company to strengthen its clean label product range.
• In January 2020, Lesaffre Group set up a new baking center for its subsidiary, Lesaffre Ivoire, in Abidjan, West Africa, for providing innovative bread-making solutions. This new establishment would help the company to serve its customer base in West Africa, increase its production capacity, and expand its geographic reach.
• In October 2019, Lallemand Inc. set up a new specialty yeast manufacturing facility in Passau, Germany. This new establishment helped the company to serve its customer base in Europe, increase its production capacity, and expand its geographic reach.
• In November 2018, Alltech expanded its production facility by setting up a new manufacturing plant in Pune (India) for feed products. This expansion helped the company to expand its customer base in Asia Pacific and production capacity.
• In December 2019, AngelYeast Co., Ltd. launched a new natural flavor-enhancing solution for plant-based foods and beverages in Europe. This product launch will help the company to strengthen its portfolio and increase its customer base in Europe.

Key Questions Addressed by the Report:

• What are the growth opportunities in the yeast market?
• What are the major food application areas for yeast?
• What are the key factors affecting market dynamics?
• What are some of the significant challenges and restraints that the industry faces?
• Which are the key players operating in the market, and what initiatives have they undertaken over the past few years?

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