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3. Yeast Market Size & Share - Industry Growth Predictions

The global yeast market size 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 yeast industry is expected to see significant growth in the coming years, driven by several key factors:

• Rising Demand for Bakery Products and Alcoholic Beverages: Bread, cakes, pastries, beer, wine, and spirits all rely on yeast for fermentation, and the global consumption of these products is on the rise. This is due to a number of factors, including increasing urbanization, rising disposable incomes, and growing popularity of convenient and flavorful food and drinks.
• Shifting Consumer Preferences Towards Organic and Healthy Products:  Consumers are becoming more health-conscious and are demanding organic and natural ingredients in the products they consume. This is driving the growth of the organic yeast market, which is expected to see significant growth in the coming years.
• Growth of the Asia Pacific Region: The Asia Pacific region is the fastest-growing market for yeast, driven by factors such as increasing urbanization and a rising demand for processed and convenience foods. China is the largest market for yeast in the Asia Pacific region, followed by India and Japan.
• Increasing Use of Yeast in Biotechnology and Pharmaceuticals:  Yeast is increasingly being used in the production of biofuels, enzymes, and other industrial products. It is also being used in the development of new drugs and vaccines. This is expected to be a major growth driver for the yeast market in the coming years.

To know about the assumptions considered for the study download the pdf brochure

Yeast Market Share - Global Industry Landscape

The yeast industry features numerous key players vying for market dominance. Among the forefront are top companies such as:

• Alltech (US)
• AngelYeast Co., Ltd (China)
• Lallemand Inc. (Canada)
• ICC (Brazil)
• Leiber (Germany)
• Lesaffre (France)
• Laffort (France)
• Agrano GmbH & Co. KG (Germany)
• UNIFERM GmbH & Co. KG (Germany)
• Chr. Olesen (Denmark)

Alltech (US)

The Alltech Company, based in the US, plays a significant role in the yeast market. They are renowned for their innovative approaches in yeast production and application across various industries. Alltech focuses on developing yeast-based solutions for animal nutrition, human health, and industrial applications. Their research and development efforts continuously drive advancements in yeast technology, enhancing its efficacy and expanding its uses. Additionally, Alltech's global presence and strong distribution network ensure widespread access to their yeast products, further solidifying their position as a key player in the market.

AngelYeast Co., Ltd (China)

The AngelYeast Co., Ltd, based in China, is a prominent player in the yeast market with a focus on yeast production and related products. They are known for their extensive range of yeast-based solutions catering to the food and beverage, animal feed, and pharmaceutical industries. AngelYeast's commitment to research and development ensures the continuous innovation and improvement of their yeast products, meeting the evolving needs of their customers. With a strong global presence and a reputation for quality and reliability, AngelYeast is a leading contributor to the growth and development of the yeast market worldwide.

Lallemand Inc. (Canada)

Lallemand Inc., is a major player in the yeast market renowned for its expertise in yeast and other microbial products. With a focus on fermentation technology, Lallemand serves various industries including baking, brewing, winemaking, and animal nutrition. Their innovative yeast strains and fermentation solutions are widely utilized by food and beverage producers worldwide. Lallemand's commitment to research and development ensures the continual advancement of their products, enabling them to meet the diverse needs of their customers and maintain a strong presence in the global yeast industry.

ICC (Brazil)

The ICC (Instituto de Ciências da Carne), based in Brazil, is a significant contributor to the yeast market, particularly in the field of yeast extract production. ICC specializes in developing yeast extracts for use in food and beverage applications, offering solutions for flavor enhancement, seasoning, and functional ingredients. Their research and development efforts focus on optimizing yeast extract properties and applications, catering to the evolving demands of the food industry. With a strong presence in Brazil and expanding global reach, ICC plays a vital role in providing high-quality yeast-based products to the market.

Leiber (Germany)

Leiber, based in Germany, specializing in the production of yeast-based ingredients for animal nutrition and human health. With a focus on yeast derivatives such as yeast beta-glucans and yeast extracts, Leiber offers solutions for improving immune function, digestive health, and overall well-being. Their commitment to quality and innovation ensures the development of cutting-edge yeast products that meet the stringent requirements of their customers worldwide. Leiber's expertise and reputation make them a trusted partner in advancing the application of yeast in various industries.

Lesaffre (France)

Lesaffre, headquartered in France, is a major global player in the yeast market, renowned for its expertise in yeast and fermentation products. With a history dating back over 160 years, Lesaffre offers a wide range of yeast solutions for baking, brewing, winemaking, animal nutrition, and pharmaceutical applications. Their innovative yeast strains and fermentation technologies drive advancements in various industries, ensuring optimal product performance and quality. Lesaffre's commitment to research, sustainability, and customer satisfaction solidifies its position as a leader in the global yeast market, serving diverse markets across the globe.

Related Report:

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