Yeast Market Research Future Insights

The global Yeast market is expected to register a CAGR of 8.78 % from 2022 to 2030 and hold a value of over USD 8.67 Billion by 2030.

The Asia-Pacific yeast market is experiencing rapid growth, driven by the region's growing population and increasing disposable incomes. Yeast is widely used in Asian cuisine, particularly in countries like China, Japan, and South Korea, where fermented foods are an integral part of the diet. The market is characterized by a growing demand for yeast-based products in the food and beverage industry, as well as in pharmaceuticals and animal feed. Major players in the market are focusing on expanding their presence in key markets and introducing new products to cater to the growing demand in the region.

Yeast belongs to the fungus kingdom and is classified as a single-celled eukaryotic creature. Autolysates and yeast extracts are two types of specialized yeast. Yeast and yeast extract is commonly used in baked goods, nutritional supplements, and probiotics. Brewer's yeast is used in the manufacturing of ethanol, baked goods, and antibiotics, among other things. The yeast is also used in the fermentation of alcoholic drinks, where Saccharomyces cerevisiae spices can be detected. The outbreak of COVID-19 has undeniably harmed the food and beverage industries, as well as the yeast market, causing the temporary closure of many manufacturing facilities and a significant drop in demand. However, many companies are taking measures to prevent any future income losses, by nurturing their supply chains and speeding up their operations with the primary goal of containing the spread of covid. Additionally, as countries gradually begin lifting lockdown restrictions, there is hope that the market will make a speedy recovery.

Key Players

Some of the yeast key market players are Associated British Foods PLC (U.K), Hansen A S (Denmark), Angel Yeast (China), Lallemand Inc. (Canada), Lesaffre (France), Leiber GmbH (Germany), Novozymes (Denmark), Koninklijke DSM N.V. (The Netherlands), Kerry Group PLC (Ireland), Synergy Flavors (U.S.), Kothari Fermentation and Biochem Ltd. (India), Omega Yeast Labs LLC (U.S.), Pak Group (U.S.), Oriental Yeast Co. Ltd. (Japan), BSG Craft Brewing (U.S.).

Market Segmentation

The global Yeast market has been segmented into type, application, and forms.

Based on type, the market has been segmented into Bioethanol yeast, Brewer’s yeast, Baker’s yeast, Feed yeast, Wine yeast, and Others. Baker's yeast is most commonly used in baking, where it causes fermentation in the dough which results in softer, fluffier baked goods such as burger buns, pizza bases, cracker biscuits, sweet bread, and various types of bread.

Based on application, the market has been segmented into Animal Feed, Beverages, Foods, and Others. The food and beverage segment is expected to generate significant revenue growth over the forecast period. Among other yeast species, Saccharomyces has a more favorable impact on food and beverage fermentation due to their genetic diversity. Different species can be employed for various applications.

Based on forms, the market has been segmented into Fresh, Instant, Dry, and Others. The dry yeast segment is expected to see significant revenue growth over the forecast period. Dry yeast is the dehydrated form of baker’s yeast that does not require refrigeration and has various benefits such as long shelf life, low production cost, and easy storage.

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