Yeast Market By Product Type (Active Dry Yeast, Instant Yeast, Baker's Yeast, Brewer's Yeast, Nutritional Yeast), By Application (Food and Beverages, Animal Feed, Pharmaceuticals, Biofuels), By Form (Dry, Liquid), By Distribution Channel (Online Retailers, Supermarkets/Hypermarkets, Convenience Stores, Direct Sales), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Yeast Market was valued at USD 5.1 billion in 2023 and will surpass USD 10.1 billion by 2030; growing at a CAGR of 10.3% during 2024 - 2030.

The yeast market is growing rapidly due to the increasing demand for this versatile microorganism across various sectors such as food and beverages, pharmaceuticals, biofuels, and animal feed. Yeast, a critical ingredient in baking, brewing, and fermentation, plays an essential role in enhancing the taste, texture, and nutritional value of food products. The market is also witnessing a rising application of yeast in health supplements, biofuels, and the animal feed industry, driven by shifting consumer preferences towards sustainable and functional food ingredients. With the growing trend of plant-based diets and an increasing focus on sustainability, the yeast market is expected to expand significantly in the coming years.

Active Dry Yeast is Largest Owing to High Demand in Baking & Brewing

Among various product types, Active Dry Yeast holds the largest share in the yeast market. This type of yeast is widely used in the baking industry due to its reliability, long shelf life, and ease of use. Active dry yeast plays a crucial role in dough fermentation, helping achieve the desired texture and volume in baked goods. Additionally, the brewing industry heavily relies on active dry yeast for fermentation processes, making it a key ingredient in the production of beer and other alcoholic beverages. The consistent demand for bakery products and beverages continues to drive growth in this segment, with increasing consumer preferences for artisanal bread, craft beer, and other fermented products.

Food and Beverages Application is Fastest Growing Owing to Increased Consumption

The Food and Beverages application segment is the fastest growing within the yeast market. Yeast's role in food and beverage production is vital for fermentation, flavor enhancement, and texture improvement. In recent years, there has been a surge in demand for fermented foods and beverages, such as kombucha, kefir, and sourdough bread, driven by growing health consciousness and the rising popularity of probiotic-rich foods. Yeast is also increasingly used for its functional benefits, including its ability to fortify food with essential nutrients like B-vitamins and protein. As consumer preferences for natural and functional ingredients grow, the demand for yeast in the food and beverages industry is expected to continue its rapid expansion.

Liquid Yeast Form is Largest Owing to Versatility in Use

The Liquid Yeast form is the largest segment in the yeast market due to its versatility and ease of use. Liquid yeast is preferred by many commercial producers in the food and beverage industry, particularly in large-scale baking and brewing operations, where precise fermentation control is essential. Liquid yeast offers advantages in terms of consistency, ease of activation, and the ability to produce a wide range of flavors and aromas in fermented products. Additionally, liquid yeast is crucial in the production of biofuels and pharmaceuticals, where its high fermentation efficiency and ease of scaling are particularly valued. The demand for liquid yeast is expected to increase as more industries adopt fermentation-based processes.

Supermarkets/Hypermarkets Distribution Channel is Largest Owing to Consumer Accessibility

The Supermarkets/Hypermarkets distribution channel is the largest segment in the yeast market. This channel plays a crucial role in making yeast products readily available to consumers, especially in the food and beverage sector. Supermarkets and hypermarkets provide a wide range of yeast products, from active dry yeast for baking to specialized yeast varieties for brewing and nutritional supplements. The convenience and accessibility of these retail outlets contribute significantly to the growth of the yeast market, particularly as consumer demand for baking ingredients and health products increases. As the popularity of home baking and cooking continues to rise, supermarkets and hypermarkets remain a dominant distribution channel for yeast products.

Europe is Largest Region Owing to Strong Demand in Food & Beverage Industry

Europe holds the largest share of the global yeast market, primarily due to the high demand for yeast in the food and beverage industries. Europe has a long history of yeast use, particularly in the production of bread, beer, and other fermented products. The region is home to some of the world's largest breweries and bakeries, which continue to drive demand for yeast. Additionally, Europe is at the forefront of innovation in the yeast sector, with many companies focusing on yeast-based ingredients for health and nutrition. The region's strong focus on sustainability and organic food products also contributes to the growth of the yeast market, as consumer preferences shift toward natural and functional ingredients.

Competitive Landscape and Leading Companies

The yeast market is highly competitive, with several key players dominating the global landscape. Lesaffre, AB Mauri, Angel Yeast Co., Ltd., Lallemand Inc., and Chr. Hansen are among the leading companies in the yeast market. These companies focus on innovation and expanding their product portfolios to cater to the diverse needs of various industries, including food and beverages, pharmaceuticals, and biofuels. In addition to their strong presence in traditional yeast applications like baking and brewing, these companies are increasingly investing in the development of specialized yeast strains for functional foods, animal feed, and sustainable biofuel production. The competition is expected to intensify as the demand for sustainable and health-oriented yeast products continues to rise.

Recent Developments:

• Lesaffre, a leading yeast producer, acquired a South African yeast company to expand its footprint in the African market and enhance its yeast production capabilities.
• AB Mauri entered into a strategic partnership with ADM to improve the supply chain and distribution of yeast products, aiming to meet rising demand in the global food and beverage sector.
• Angel Yeast introduced a new range of instant dry yeast, enhancing product performance for commercial bakeries and improving baking efficiency.
• Lallemand Inc. expanded its operations in the Asia-Pacific region, opening a new production facility in China to meet growing demand for yeast in Asia.
• Chr. Hansen received regulatory approval for a new yeast-based probiotic product, targeting the growing market for gut health supplements, with plans for global distribution.

List of Leading Companies:

• Lesaffre
• AB Mauri
• Angel Yeast Co., Ltd.
• Lallemand Inc.
• Saccharomyces Cerevisiae
• Alltech
• Pakmaya
• Chr. Hansen
• Kerry Group
• Biorigin
• VIVESCIA Industries
• Orba Yeast
• Synergy Flavours
• Yeaststar
• Wacker Chemie AG

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