Yeast Market Report 2024-2032, Industry Growth Opportunity, and Forecast

According to the latest report by IMARC Group, titled “Yeast Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the yeast market Report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global yeast market size reached US$ 7.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.

Yeast Market Trends:

The global market is majorly driven by the increasing demand for yeast across various industries, particularly in food and beverages. Yeast is a crucial ingredient in the production of bread, beer, and other fermented products, making it indispensable in the bakery and brewery sectors. The rising consumption of bakery items, especially in urban areas, has significantly boosted the demand for yeast.

Additionally, the growing popularity of craft beer and other alcoholic beverages is contributing to the rising utilization of yeast in brewing processes. The expanding trend of home baking, accelerated by the COVID-19 pandemic, has also increased consumer demand for yeast products.

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Leading Key Players Operating in the Yeast Industry:

• Associated British Foods Plc
• Lesaffre & CIE
• Angel Yeast Co., Ltd
• Cargill, Incorporated
• Chr. Hansen A/S
• Alltech Group
• Lallemand Inc.
• Koninklijke DSM N.V.
• Nutreco N.V.
• Kerry Group plc
• Synergy Flavors, Inc.
• The Archer Daniels Midland Company
• Oriental Yeast Company Limited
• Diamond V Mills, Inc. (Diamond V)
• Pacific Ethanol, Inc.
• Leiber GmbH

Yeast Market Scope & Growth Analysis:

The global yeast market encompasses a wide range of products, including baker’s yeast, brewer’s yeast, wine yeast, and bioethanol yeast. The food and beverage industry remains the dominant sector, with bakery and alcoholic beverages accounting for the largest share of yeast consumption. North America and Europe lead the market due to their well-established food industries and high levels of yeast application in baking and brewing. However, the Asia-Pacific region is expected to witness significant growth, driven by the increasing demand for bakery products, alcoholic beverages, and rising livestock production in countries like China and India. In terms of market analysis, innovation in yeast strains and the development of specialty yeast products are playing a crucial role in expanding the market.

Manufacturers are focusing on creating yeast products that cater to specific needs, such as gluten-free, organic, and non-GMO variants, to meet the growing consumer demand for healthier and more sustainable food ingredients. Additionally, advancements in yeast fermentation technologies are enhancing production efficiency and expanding the range of applications for yeast in various industries. The growing popularity of functional foods and beverages is also driving the incorporation of yeast as a source of essential nutrients, further supporting market growth.

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Yeast Market Report Segmentation:

Breakup by Form:

• Dry Yeast
• Instant Yeast
• Fresh Yeast
• Others

Fresh yeast accounts for the majority of the market share.

Breakup by Type:

• Baker’s Yeast
• Brewer’s Yeast
• Wine Yeast
• Bioethanol Yeast
• Feed Yeast
• Others

Baker’s yeast holds the largest share of the industry.

Breakup by Application:

• Food

• Bakery
• Alcoholic Beverages
• Prepared Food
• Others

• Feed
• Other Applications

Food represents the leading market segment.

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Europe leads the market, accounting for the largest yeast market share.

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