Yeast & Bacteria for Food Production in the US - Industry Market Research Report

Yeast & Bacteria for Food Production in the US - Industry Market Research Report

Yeast & Bacteria for Food Production in the US

Producers of yeast and bacteria for making food have faced more volatile conditions through the end of 2023. While traditional markets for yeast and bacteria like beer production have grown, demand from downstream bakeries has edged downward as recent health trends have led consumers to moderate their consumption of baked goods. Still, consumption of these staple products fluctuates little from year to year, representing a steady flow of demand for manufacturers of yeast and bacteria used in food production. Meanwhile, new markets for products have emerged. Craft beer brewing, which often boasts specialized strains of yeast, has boomed through the end of 2023, creating a wave of demand for yeast and bacteria. Also, health benefits of probiotic bacteria in dairy products like yogurt have also been touted by nutritional science, boosting demand. In turn, IBISWorld projects yeast and bacteria production revenue to dip at CAGR of 0.2% to $906.9 million through the end of 2023. Although the economy continues to recover from the pandemic, revenue will drop at a projected 0.7% in 2023.

Producers of yeast and bacteria used for food production include establishments primarily engaged in producing yeasts and bacteria used in human and animal food and beverages as flavor enhancers, bakery goods, brewing and health and dietary supplements.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.