Global Yeast Market Size, Share, Industry Trends and Manufacturers Analysis up to 2021 Forecast
Global Yeast market is segmented on the basis of type,
application, specialty yeast and geography. Yeast is used in the process of
fermentation for its abilities in imparting better aroma, aiding carbon
release, taste, texture and flavor to food. Yeast is important ingredient in
the bakery industry and globally increasing demand for bakery goods, especially
in the developing economies such as China, India, countries in South America,
Africa and other regions is expected to significantly boost the volume use of
yeast.
Further, the increase in global consumption of alcohol has
resulted in increasing production of alcoholic beverages such as beer and wine.
The major factors driving the growth of the yeast market are positive trend in
consumption of alcoholic beverage, increasing demand for functional bakery
products, and enhanced production of animal feed augmented with minerals. However,
growing competition for basic raw materials is one the major hindrances in the
growth of the yeast market. In the years to come, yeast market will have a huge
opportunity with respect to replacement of molasses with filtered dates and
also from increasing concerns over the usage of artificial flavor enhancer.
Based on type, the yeast market is segmented into baker’s yeast,
brewer’s yeast, wine yeast, feed yeast, bio-ethanol yeast, nutritional yeast,
supplement yeast, industrial yeast and so on. Baker’s yeast accounted for the
biggest share; followed by brewer’s yeast in 2015. In the same year, Europe did
account for the greatest share in baker’s yeast. North America did contribute
for the second-largest share. The demand on the part of baker’s yeast is driven
by the increasing demand for high-value baked goods such as cookies and cakes
that are marketed at the global level by large companies.
Based on application, the yeast market is segmented into food
& beverage sector, feed sector, pharmaceutical & industrial sector and
so on. Based on form, the yeast market is segmented into dry yeast, instant
yeast, fresh yeast and other includes bread machine yeast and rapid-rise yeast.
The “fresh yeast” market’s growth is directly proportional to the trend
shifting toward fast and processed food consumption, bakery items in
particular. Fresh yeast is broadly used in bakery products such as pastries and
breads as it has good fermenting qualities and does provide an excellent taste.
Europe was the biggest market for fresh yeast and accounted for maximum share
in 2015. Asia Pacific is, at present, one of the most promising markets for
fresh yeast, as the demand is continuously increasing with increase in
population and altering demand for processed food products.
Based on specialty yeast, the yeast market is segmented into yeast
extracts, yeasts auto lysates, yeast beta-glucan, yeast derivatives (includes
yeast flavor enhancers, yeast saccharides and yeast pigments), nucleotides, minerals,
vitamins and so on. Based on geography, the yeast market is segmented into
Europe, Latin America, Asia Pacific, North America and Middle East &
Africa. The North America and Europe are the market leaders but in future
competition is likely to increase in the market of Asia Pacific region. The key
players of yeast industry are Angel Yeast Co. Ltd., All tech, Associated
British Foods Plc, Chr. Hansen A/S, Koninklijke DSM N.V., Lallemand Inc.,
Leiber GmbH, Lesaffre Group, Sensient Technologies, Oriental Yeast Co. Ltd.,
Cargill, Ab Mauri, Ab Vista, Bio Springer S.A., Bio Springer S.A., Angel Yeast
Co. Ltd. and Synergy Flavors.
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