Dublin, April 17, 2024 (GLOBE NEWSWIRE) -- The "Yeast - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Yeast Market to Reach $11.6 Billion by 2030
The global market for Yeast estimated at US$6.2 Billion in the year 2023, is projected to reach a revised size of US$11.6 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2023-2030.
In this competitive scenario, the global market share percentages in 2023 and 2020 reflect the dynamics within the yeast market. Despite pandemic challenges, the outlook for the yeast market remains positive, buoyed by major demand growth drivers like bread and other baked products. Emerging markets and new product offerings are expected to fuel growth, with developing countries leading the charge due to their lower per capita consumption, offering substantial market potential.
Baker's Yeast, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Brewer's Yeast segment is estimated at 8.2% CAGR for the next 8-year period.
The pandemic had a significant impact on the snack food and bakery market, particularly affecting the demand for yeast due to COVID-19 lockdowns. Home baking surged, driving up the need for yeast, while packaging limitations for dried yeast in the retail segment became apparent. In the US, consumers sought yeast-less baking recipes or rationed yeast amid shortages.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 10.8% CAGR
Europe remains the largest region for yeast consumption, while Asia is rapidly emerging as a key market, driven by the affordability factor and strong demand for pastries and cakes.
The Yeast market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 8.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.
MARKET OVERVIEW
- Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
- Stagflation and Risk of Recession: New Challenges Emerge for the Global Market
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022, 2023 and 2024
- Pandemic Impact on Snackfood and Bakery Market
- Demand for Yeast for Home Baking Rises on Account of COVID-19 Lockdowns
- Packaging Limitations for Dried Yeast for the Retail Segment Highlighted by the Pandemic
- People in the US Sought Yeast-less Baking Recipes or Rationed Yeast
- Competitive Scenario
- Yeast - Global Key Competitors Percentage Market Share in 2023 (E)
- Yeast Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Market Snapshots
- Global Market Prospects & Outlook
- Impact of Pandemic on Yeast Market
- Bread and Other Baked Products: Major Demand Growth Drivers
- Emerging Markets and New Products to Drive Growth
- Developed Markets Dominate Consumption, While Developing Countries Spearhead Growth
- Global Yeast Market - Geographic Regions Ranked by CAGR (Value Sales) for 2023-2030: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
- Lower Per Capita Consumption Offers Huge Market Potential in Developing Countries
- Europe Remains the Largest Region
- Asia: A Fast Emerging Market for Bread, and Yeast
- Affordability Factor Spurs Strong Demand for Pastries and Cakes
- Yeast: Product Overview
- Physico-Chemical Characteristics of Fresh and Dry Yeast (in Terms of Nitrogen Percentage in Dry Matter, Ashes Percentage in Dry Matter, pH (After Rehydration) and Dry Matter Percentage in Yeast
- Baker's Yeast - Nutritional Data of Fresh and Dry Baker's Yeast in Terms of Fats, Carbohydrates, Proteins, Minerals (as % in Dry Matter) and Vitamins (mg/100g) and Energy Value (as Kcal per 100g of Dry Matter)
- Common Types of Yeast
- Forms of Yeast
- Yeast Production Process
- Overview of Key End-Use Applications
- Recent Market Activity
- Select Innovations & Advancements
- Select Global Brands
MARKET TRENDS & DRIVERS
- Yeast Market: Key Market Trends, Long Term Drivers and Deterrents
- Popularity of Functional Bakery Products Augurs Well for Baker's Yeast
- How Yeast Contributes to Upliftment of Bakery Market?
- Sophisticated Lifestyles Elevate Alcoholic Beverage Consumption, Drive Yeast Demand
- Changing Consumer Preferences Boosting Innovations in Brewing Industry
- Better Yeasts for Better Winemaking
- H2S and EC Prevent Yeasts from Generating Widespread Interest in Wine Industry
- Boosting Yeast Biodiversity to Facilitate Production of Novel Flavors and Aromas in Beer
- Availability of Wide Range of Hops
- Growing Popularity of Natural Ingredients in Processed Foods Drives Demand for Yeast
- Surging Popularity of Probiotic Functional Foods: A Strong Case for Yeast Demand Growth
- World Functional Food Ingredients Market by Geographic Region - Annual Sales in US$ Million for Years 2023 and 2030
- Global Dietary Supplements Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
- Customized Yeast Solutions: A Refreshingly New Product Differentiation Strategy
- Specialty Yeast Grows in Popularity to Make Cash Registers Ring
- Yeast Extracts Find Applications in Reducing Sodium Levels in Food Products
- Red Yeast Rice Attracting Negative Attention Due to Toxins and Side Effects
- Filtered Dates Extract: Potential for Replacing Molasses in Yeast Production
- Live Yeast Cultures in Animal Nutrition
- Continued Interests in Nutritional Practices
- Live Yeasts to Help Prevent Clinical and Sub-clinical Acidosis in Ruminants
- Live Yeast Cultures in Equine Nutrition for Alleviating Digestive Disturbances
- Live Yeast to Aid in the Health of Breeding, Lactating Mother Animals and Offsprings
- Yeast Production for Animal Feed
- World Animal Feed Additives Market by Geographic Region - Annual Sales in US$ Thousand for Years 2023 and 2030
- Lallemand's Titan Technology Ensures Probiotic Yeast Stability in Feed Processing
- Global Market for Probiotics in Animal Feed by Microbial Genus (in %) for 2024E
- Global Animal Feed Enzymes Market Breakdown by Application (in %) for 2024E
- Advancements and Innovation in the Yeast Market
- Yeast Innovation Delivers Unmatched Performance for Bioenergy Industry
- Nutrient-Dense Proteins from Yeast for Plant-Based Foods
- Yeast Innovations in Recent Past
FOCUS ON SELECT PLAYERS(Total 111 Featured)
- Alltech, Inc.
- Angel Yeast Co., Ltd.
- Associated British Foods plc
- Chr. Hansen A/S
- Imperial Yeast
- Kerry Group Plc
- Laffort SA
- Lallemand, Inc.
- Leiber GmbH
- Lesaffre Group
- Novus International, Inc.
- Oriental Yeast Co., Ltd.
- Royal DSM N.V.
- Synergy Flavours Ltd
- UNIFERM GmbH & Co. KG
- Zeus IBA SRL
For more information about this report visit https://www.researchandmarkets.com/r/iicleh
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