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

Report Scope:

Report Features

Description

Market Size (2023)

USD 5.1 Billion

Forecasted Value (2030)

USD 10.1 Billion

CAGR (2024 – 2030)

10.3%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

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)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major 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

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Yeast Market, by  Product Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Active Dry Yeast

   4.2. Instant Yeast

   4.3. Baker's Yeast

   4.4. Brewer's Yeast

   4.5. Nutritional Yeast

   4.6. Other Yeast Types

5. Yeast Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Food and Beverages

   5.2. Animal Feed

   5.3. Pharmaceuticals

   5.4. Biofuels

   5.5. Other Applications

6. Yeast Market, by Form (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Dry

   6.2. Liquid

7. Yeast Market, by Distribution Channel (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Online Retailers

   7.2. Supermarkets/Hypermarkets

   7.3. Convenience Stores

   7.4. Direct Sales

   7.5. Other Channels

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Yeast Market, by  Product Type

      8.2.7. North America Yeast Market, by Application

      8.2.8. North America Yeast Market, by Form

      8.2.9. North America Yeast Market, by Distribution Channel

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Yeast Market, by  Product Type

               8.2.10.1.2. US Yeast Market, by Application

               8.2.10.1.3. US Yeast Market, by Form

               8.2.10.1.4. US Yeast Market, by Distribution Channel

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Lesaffre

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. AB Mauri

   10.3. Angel Yeast Co., Ltd.

   10.4. Lallemand Inc.

   10.5. Saccharomyces Cerevisiae

   10.6. Alltech

   10.7. Pakmaya

   10.8. Chr. Hansen

   10.9. Kerry Group

   10.10. Biorigin

   10.11. VIVESCIA Industries

   10.12. Orba Yeast

   10.13. Synergy Flavours

   10.14. Yeaststar

   10.15. Wacker Chemie AG

11. Appendix

A comprehensive market research approach was employed to gather and analyze data on the Yeast Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Yeast Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Yeast Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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