The global Yeast market reached a value of about USD 4.10 billion in 2021. The industry is projected to grow at a CAGR of around 8.2% in the forecast period of 2022-2027 to reach a value of about USD 6.57 billion by 2027.
The global Yeast industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The use of the product in food products is primarily driving the market's growth. In the industry report, the key demand indicator is the highest category spender by region—Europe.
Yeasts are single-celled eukaryotic microorganisms that reproduce asexually via budding or binary fission, produce ascospores, and are capable of digesting carbohydrates. It belongs to the fungus kingdom and is believed to account for 1% of all known fungal species. Yeasts may be found in soils and on plant surfaces throughout the planet, and they're especially plentiful in sugary media like flower nectar and fruits. The Yeast industry report comprises segments by application (food and baking, alcohol wine fermentation, animal feed, inactivated yeast applications, and yeast extract) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The European region holds the largest share in the market due to the changes in consumer habits and a rise in disposable money, the processed food and bread sectors in Europe. As a result, of the surge in processed food consumption, increased alcohol use, and increased knowledge of yeast's nutritional significance, the market is developing in the region. The increasing demand for bread items has led to the highest usage of yeast components in the country's bakery and brewers’ industries.
The industry is being driven by the extensive application of the product in the food and beverage (F&B) business. Yeasts are commonly employed in the fermentation process of various products, particularly in the bakery sector, which is a pioneer in yeast as a critical component. Bread, rye bread, whole wheat loaves of bread, buns, white bread, brown bread, and various other bakery items are in high demand across the world. Demand for bread items has increased due to increased urbanisation and the shift toward western consumption patterns. It is commonly used to make alcoholic drinks, bakery goods, and ready-to-eat (RTE) food products. It improves the product's quality, fragrance, texture, and flavour and speeds up the fermentation process driving the industry's expansion.
However, Stringent controls enforced by regulatory agencies and governments are limiting the market growth.
The global Yeast industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Yeast regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Asexual reproduction through budding, in which a tiny bud is generated on the parent cell, is the most prevalent mechanism of vegetative development in yeast. The parent cell's nucleus divides into two daughter nuclei, which go into the daughter cell. The bud grows until it detaches from the parent cell and becomes a new cell. The daughter cell is usually smaller than the mother cell during the bidding process. Certain yeasts, such as Schizosaccharomyces pombe, replicate through splitting rather than blossoming, ensuing in two daughter cells of a similar size.
The industry is witnessing growth due to increased demand for nutritional yeast, particularly among vegans. It's used as a condiment in various recipes because of its nutty and cheesy flavour, which helps to stimulate the taste of cheese in vegan foods, thicken sauces and dressings, and provide a nutritional boost. Due to growing health concerns among customers, demand for organically based food additives is expected to expand significantly, propelling the market forward. It is also used as a critical nutrient in the production of animal feeds which is furthering the industry's expansion. The market is being propelled forward by the product's application in a wide range of applications in the cosmetic sector and the rising demand for bioethanol as a fuel.
The regional markets for the industry can be divided into Europe, North America, the Asia Pacific, South America, and the Middle East and Africa.
The yeast industry's primary tactics include product launches, mergers and acquisitions, joint ventures, and R&D operations. By decreasing salt content, saturated fats, and sugar, major yeast firms are focused on better product creation to boost people's health and wellness.
Lesaffre Group opened a new baking centre in Abidjan, West Africa, in January 2020 for its subsidiary, Lesaffre Ivoire, to provide innovative bread-making solutions. This new location will allow the firm to service its West African customers better, boost manufacturing capacity, and expand its geographic reach.
Kerry Group released its first non-GMO yeast, "Acryleast," in January 2019 to effectively reduce acrylamide levels by up to 90% without altering the flavour and texture of food and drinks. The introduction of this new product aided the corporation is expanding its clean label product line.
1. Executive Summary
2. Yeast Industry Snapshot
2.1. Yeast Market Outlook
2.2. Yeast Industry Analysis by Application
2.2.1. Food and Baking
2.2.2. Alcohol Wine Fermentation
2.2.3. Animal Feed
2.2.4. Inactivated Yeast Applications
2.2.5. Yeast Extract
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Yeast Value Chain Analysis
5. Yeast Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Yeast Cost Structure
9. Yeast Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Yeast Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. AngelYeast Co., Ltd.
14.2. Lallemand Inc
14.3. Lasaffre Yeast Corporation
14.4. Associated British Foods
14.5. Leiber GmbH
The global Yeast market size was valued at USD 4.10 billion in 2021.
As per the end-use provided, the Food and baking segment is anticipated to lead the market between 2022 and 2027.
The significant demand for the product in various food and beverage products is one of the essential drivers of the Yeast market growth.
Angel Yeast, Lallemand, Lasaffre Yeast Corporation, AB Mauri, and Leiber GmbH are some of the key players in the market.
The Europe region of the Yeast industry holds a significant share in the market.
The global Yeast market attained a value of USD 4.10 billion in 2021, driven by the extensive application of the product in the food and beverage (F&B) business. Yeasts are commonly employed in the fermentation process in various products like bread, alcohol, ready-to-eat (RTE) food products, etc., boosting the market growth. It is also used in animal feed as a crucial ingredient that further propels the industry's expansion. Also, aided by the growing use of the product in vegan products, animal feed, and rising demand for bioethanol as a fuel, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8.2%. The market is projected to reach USD 6.57 billion by 2027. Some of the leading players in the industry are Angel Yeast, Lallemand, Lasaffre Yeast Corporation, AB Mauri, and Leiber GmbH.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 134 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027 to reach a value of around 167 thousand tonnes by 2027.Read More
Email Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.Read More
Email Delivery Price: $ 999.00
The global Artificial Intelligence Market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.Read More