The yeast market is a diverse and dynamic sector with applications spanning various industries, including food and beverage, pharmaceuticals, and agriculture.

Yeast Market Size

The global yeast market size, estimated to be valued at USD 5.5 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 8.5 billion by 2029, indicating a robust CAGR of 8.9% during the forecast period.

Factors Driving the Yeast Market Growth

The bakery industry has seen significant growth globally, particularly in emerging economies, driven by urbanization and evolving consumer preferences. This expansion has resulted in a notable increase in yeast demand, a vital component in bread-making. Yeast acts as the leavening agent that facilitates fermentation, giving bread its desired texture. In emerging markets, the growing preference for convenient and affordable food options, including packaged bread and pastries, has further boosted yeast demand.

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Data from Agriculture Canada highlights this trend, showing that bread sales in the US rose from USD 23,541 million in 2018 to USD 30,018 million in 2022. This increase reflects shifting consumer habits and growing bread consumption, particularly in the US. As bread remains a staple food for many, the demand for yeast, essential for fermentation and the development of bread’s texture and flavor, has surged accordingly.

As a result, yeast producers are expanding their production capacities to meet the growing needs of bakeries adapting to consumer preferences. With bread sales continuing to rise, the yeast market is expected to benefit further from the bakery industry’s expansion, both in the US and worldwide, as consumers increasingly turn to baked goods for convenience and satisfaction.

The Feed Sector’s Expanding Yest Market Share: A Focus on Enhanced Nutrition

The increasing demand for yeast-based feed solutions reflects a broader shift towards sustainable and efficient agricultural practices. With companies such as Phileo by Lesaffre (France) introducing innovative products like the Actisaf Sc 47 HR+ probiotic for the poultry sector, there’s a clear emphasis on meeting this demand through research-driven solutions. These yeast-based additives offer a range of benefits, including improved feed efficiency, enhanced gut health, and better nutrient digestibility, leading to improved animal performance and welfare. As such, investments in launching new yeast-based feed products not only cater to current market demands but also drive forward the industry’s commitment to innovation and sustainability.

Yeast Market Trends

  • Health and Wellness: Increasing consumer awareness about health benefits associated with yeast, such as probiotics in nutritional yeast, is driving market growth.
  • Rising Demand for Processed Foods: The growth in the processed food sector is fueling the demand for baker’s yeast and other yeast products.
  • Craft Brewing Boom: The rise of craft breweries has increased the demand for specialty and high-quality yeast strains.
  • Sustainable Solutions: Yeast is gaining attention as a sustainable alternative in various applications, including biofuels and biodegradable products.

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In North America, the US dominates the yeast market due to rising trade opportunities.

The rise in trade opportunities has positioned the United States as a dominant force in the yeast industry within North America. With a notable export volume of USD 147 million in 2022, the United States emerged as the sixth-largest exporter of yeast globally, showcasing its significant presence in the international market. Notably, the main destinations for US Yeast exports include Canada, Mexico, and Japan, indicating a diverse reach across different regions. Moreover, the fastest-growing export markets for US Yeast, such as Canada, Italy, and Japan, highlight the country’s ability to capitalize on expanding trade avenues. Additionally, while the United States imports substantial amounts of Yeast, totaling USD 439 million in 2022, its status as the largest importer globally provides leverage in negotiating favorable trade terms and strengthening its position as a dominant player in the North American yeast market. This robust trade activity underscores the United States’ growing influence and competitiveness in the global Yeast trade landscape, particularly within the US region.

Top Yeast Manufacturers in World

  • ADM (US)
  • Associated British Foods plc (UK)
  • Alltech (US)
  • AngelYeast Co., Ltd (China)
  • Lallemand Inc. (Canada)
  • ICC (Brazil)
  • Leiber (Germany)
  • Lesaffre (France) 

Key Questions Addressed by Yeast Market Report

Who is the largest producer of yeast?

How big is the yeast industry?

Which region hold the largest yeast industry share?