Yeast Market

Top Companies in Yeast Industry - Associated British Foods plc (UK), AngelYeast Co., Ltd (China) and Lallemand Inc. (Canada)

The yeast market is estimated at USD 5.5 billion in 2024 and poised to achieve an 8.9% CAGR, reaching USD 8.5 billion by 2029, and is experiencing transformative shifts and innovations. The yeast market represents a dynamic and diverse sector within the food & beverages & feed industry, encompassing products like baker’s yeast, brewer’s yeast, probiotic yeast, and wine yeast. In recent times, there has been a consistent surge in the demand for yeast, driven by various factors, and this upward trajectory appears to continue.

The yeast market serves as a cornerstone in the global food industry, underpinning the production of bread, alcoholic beverages, and an array of fermented products. Essential in baking, yeast acts as a leavening agent, facilitating dough rising and yielding the desirable textures in bread and bakery items. Furthermore, in the realm of alcoholic beverages, yeast's fermentation process is indispensable, transforming sugars into alcohol and contributing to the complex flavor profiles of beer, wine, and spirits.

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Beyond culinary applications, nutritional yeast emerges as a valuable source of vitamins, minerals, and protein, catering particularly to vegetarian and vegan diets. Moreover, the health and wellness sector increasingly explores yeast's probiotic potential while industries leverage its fermentation capabilities for animal feed.

The integration of yeast products into foods and beverages & feeds contributes to their increasing popularity. Advances in processing techniques and the emergence of wide types of yeast broaden the market's appeal, making these products more accessible and attractive to a wider audience. In essence, the yeast market is flourishing as it caters to evolving consumer preferences and embraces technological advancements.

AngelYeast Co., Ltd. (China)

Angel Yeast, a prominent player in yeast fermentation and biotechnology solutions, has made significant strides since its establishment in 1986. It has become a cornerstone in the food & beverage, nutritional, and biotechnology sectors. Its listing on the Shanghai Stock Exchange in 2000 marked a pivotal moment, showcasing its dedication to harnessing yeast biotechnology for human health and environmental sustainability.

Employing over 12,000 individuals worldwide, Angel Yeast operates 16 modern production facilities across 13 cities, catering to customers in more than 100 countries and regions. Its extensive business portfolio encompasses nine core units, including baking, food taste, nutrition & health, and diverse biotechnologies.

With a robust team of over 591 research and development experts, Angel Yeast maintains a steadfast commitment to innovation and quality management. Striving for excellence across all operations, the company fosters global networks and collaborations to ensure the delivery of cutting-edge products and services to its clientele.

Lallemand Inc. (Canada)

Headquartered in Canada, Lallemand Inc specializes in the development, production, and promotion of microorganisms such as yeasts, bacteria, and fungi, along with their derivatives. Offering a broad range of microbiological solutions, Lallemand serves diverse industries such as human and animal health, nutrition, baking, winemaking, brewing, food ingredients, probiotics, and biofuels. The company's yeast products are available across segments, including animal nutrition, brewing, and baking.

With a vast collection of genetically identified and characterized yeast and bacteria strains, Lallemand focuses on replicating, managing, and optimizing natural fermentation processes. Its global footprint extends to over 45 countries, supported by a dedicated workforce of over 5,000 employees and 48 manufacturing plants, including 24 for yeast and 10 for bacteria. Through 11 specialized business units, Lallemand delivers tailored solutions across various sectors, including animal nutrition, health, biofuels, plant care, pharmaceuticals, brewing, and cosmetics. By enhancing natural fermentation processes and addressing evolving industry needs, Lallemand solidifies its position as a leading provider of microbiological solutions worldwide.

Associated British Foods plc (UK)

Associated British Foods is a diversified company with a wide-ranging portfolio of food and ingredients businesses, including the popular retail brand Primark. Its operations are divided into five key segments: grocery, sugar, agriculture, ingredients, and retail. This diverse structure allows the company to cater to various consumer needs and establish a robust global presence.

The ingredients segment plays a vital role in manufacturing and distributing yeast, bakery ingredients, and specialty ingredients for various industries. Through innovative ingredient solutions, the company enhances the taste, texture, and nutritional value of products. In the retail segment, Primark stands out as a popular destination for affordable and fashionable clothing.

Associated British Foods also offers yeast products through its ingredients business segments, including AB Mauri and Fleischmann's YEASTS. AB Mauri, with its roots dating back to 1888, specializes in yeast and bakery ingredients globally. With headquarters in the UK, the company operates 52 plants across 32 countries and distributes its products to over 100 countries worldwide.

Related Reports:

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

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Yeast Market Size,  Share & Growth Report
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