Market Leaders: Associated British Foods Plc and ADM are Focusing on Expanding their Businesses to Consolidate their Position in the Market
The global specialty yeast market size is estimated to valued at USD 3.2 billion in 2022 and is projected to reach USD 4.6 billion by 2027, recording a CAGR of 7.0%, in terms of value during the forecast period. The demand for specialty yeast, from various industries, has been increasing in recent years because they cater to a wide range of applications such as food, beverage, feed, and other applications such as healthcare, biotechnology, personal care, and cosmetics.
Key players in this market include Associated British Foods Plc (UK), ADM (US), Lallemand Inc. (Canada), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Kerry Group Plc. (Ireland), Lesaffre (France), AngelYeast Co., Ltd. (China), Biorigin (Brazil), Kemin Industries, Inc. (US) among others.
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The key players are focusing heavily on improving their market shares, while their newer start-ups are being established rapidly in the market. The specialty yeast market can be classified as a competitive market with the top five players accounting for a market share of 35-40%, at present at the global level. There are numerous local players in the form of existing and emerging companies in several countries, particularly in Asian markets.
Associated British Foods Plc (UK) is one of the global leaders in the food processing industry. The company is a market leader in specialty yeast industry which has a host of product offerings that cater to a range of applications such as savory products, bakery products, healthcare and feed. The company caters to the specialty yeast market with its subsidiaries Ohly (Germany) and AB Mauri (UK), and has been continuously engaging in launching new products and enhancing their R&D capabilities to consolidate their position in the industry. The company has also been focusing on strengthening their manufacturing and distribution capabilities in Asia Pacific markets such as China by establishing partnerships with local players.
ADM (US) is a multinational food processing company and is among the key players in the specialty yeast industry. The company has a strong geographical presence across 170 countries with a supreme distribution network and supply chain management system which is supported by 450 crop procurement locations, 330 food and feed ingredient manufacturing facilities and 62 innovation centers. The company caters to the feed industry with its specialty yeast products that is focused towards improving and supporting the growth and immunity of feed animals. The company has been continuously expanding their production capabilities to cater to the rising demand in the specialty yeast industry.
Related Reports:
Specialty Yeast Market by Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, and Other Yeast Derivatives), Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), Application and Region – Global Forecast to 2027
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