Yeast Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Yeast Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Yeast Market is projected to be valued at around US$ 10.77 billion by 2030, according to Renub Research. Yeast, a versatile microorganism in the fungi kingdom, is pivotal in diverse biological and industrial procedures. Saccharomyces cerevisiae, usually used in baking and brewing, ferments sugars to provide carbon dioxide, contributing to dough leavening and alcohol manufacturing. Beyond its culinary applications, yeast is vital in biotechnology, producing prescription drugs and biofuels. Its precise capability to undergo aerobic and anaerobic respiration makes it adaptable to diverse environments. With its importance in bio-processing and as a model organism for clinical research, yeast is a fundamental microbe with wide-ranging implications in fields from food manufacturing to medication and biotechnology.

Global Yeast Market is anticipated to experience a CAGR of 8.61% between 2024 and 2030

Global demand for yeast is surging, driven by the need for fresh bread, pastries, and baked items in bakeries and houses internationally. The comfort trend boosts the popularity of ready-to-bake products with yeast, providing an easy way to experience freshly baked items. Yeast's pivotal role in fermenting alcoholic drinks, including beer, wine, and spirits, aligns with the increasing intake of those drinks, specifically in rising markets. This multifaceted demand, spanning bakery essentials and beverage fermentation, propels yeast as a critical player to satisfy the cravings for comfort and culinary delights throughout diverse worldwide markets.

Yeast, identified for its dietary richness in vitamin B, protein, and fiber, finds utility in diverse sectors. Its focus drives market growth, from veggie burgers to supplements and animal feed. The company has ventured into biofuels, yeast for sustainable options, and pharmaceutical programs related to vaccines and enzymes, expanding its market reach. In regional contexts, Asia Pacific, propelled by a monetary boom and rising incomes, is a crucial growth-driving force, emphasizing the want to adapt to local tastes. Meanwhile, Europe's established markets are aware of quality ingredients and specialty yeasts, contributing to a sustained boom across various industries and applications in the global yeast market. Hence, the worth of the Global Yeast Market was US$ 6.04 Billion in 2023.

The role of yeast is expanding in response to the growing demand for gut-friendly food, influencing the production of fermented items like probiotic beverages, kombucha, and kimchi. Tailoring yeast strains complements performance and fermentation processes and introduces functionalities that include specific flavors or vitamins. Technological improvements in production and cultivation bring automation, optimizing procedures, and reducing waste. The future envisions personalized brewing with home kits featuring customized yeast strains for crafting unique beers. Sustainability involves repurposing by products for animal feed or bioplastics while using renewable power sources to limit the environmental impact on yeast production. Heightened customer scrutiny prompts transparency and traceability regulations in the yeast supply chain.

The dry yeast form commands leadership in the worldwide yeast market

By forms, the global yeast market is fragmented into Dry Yeast, Instant Yeast, Fresh Yeast, and Others. With more extended shelf life, accessible storage, and convenient transportation, dry yeast meets modern consumer preferences for practicality and efficiency. Its intense composition guarantees consistent quality and reliable performance in diverse applications, from baking to brewing. The dry form's versatility also caters to commercial-scale manufacturing and household usage, contributing to its enormous adoption. Due to the preferred choice, the dry yeast position's cost-effectiveness, extended shelf stability, and flexibility propel its dominance in the dynamic and evolving global yeast market.

Food applications take the lead in the international yeast market because of yeast's vital position in diverse culinary techniques

By application, the global yeast market is categorized into Food, Beverages, Bio-ethanol, Pharmaceuticals, and Feed. Yeast's immense use in baking, fermenting, and improving flavors solidifies its role in the food industry. It is essential in bread, pastries, and fermented goods, contributing to their texture and flavor. The expediting demand for bakery products and the recognition of diverse cuisines internationally fuel yeast consumption. Moreover, yeast's versatility extends to savory dishes, snacks, and plant-based protein options. As purchaser options evolve, the pivotal role of yeast in enhancing food quality and diversity guarantees its prominence in the global market.

United States commands a significant proportion of the global yeast market

By countries, the global yeast market is divided into United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, Italy, Spain, Netherlands, China, Japan, India, South Korea, Australia, United Arab Emirates, South Africa, and Rest of the World. A thriving food and beverage industry and the sturdy baking culture in the United States propel yeast demand. The country's affinity for diverse cuisines, from traditional bread to modern fermented products, amplifies yeast utilization. Moreover, an excessive incidence of health-aware purchasers seeking nutritional yeast for its benefits contributes to market growth. The presence of crucial yeast manufacturers, technological improvements, and stringent high-quality requirements, in addition, solidify the USA's distinguished function, making it a giant contributor to the dynamic and evolving global yeast market.

Key Players

Leading businesses in the global yeast market are Dun & Bradstreet Holdings, Conagra Brands, Inc. (US), Danone SA (France), ADM (U.S), Associated British Foods PLC (UK), General Mills Inc. (US), Koninklijke DSM N.V., Kerry Group Plc., Sensient Technologies Corporation.

In 2023- AB Vista, a top yeast manufacturer, revealed a new corn yeast strain that generates ethanol more efficiently.
In 2023- Lallemand Biofuels, a subsidiary of Lallemand Inc., unveiled a new yeast strain that can withstand high temperatures and convert various feedstock into bioethanol.

Renub Research report titled “Global Yeast Market By Forms (Dry Yeast, Instant Yeast, Fresh Yeast, and Others), Application (Food, Beverages, Bioethanol, Pharmaceuticals, and Feed), Countries (United States, Canada, Mexico, Brazil, United Kingdom, Germany, France, Italy, Spain, Netherlands, China, Japan, India, South Korea, Australia, United Arab Emirates, South Africa, and Rest of the World), Companies Analysis (Dun & Bradstreet Holdings, Conagra Brands, Inc. (US), Danone SA (France), ADM (U.S), Associated British Foods PLC (UK), General Mills Inc. (US), Koninklijke DSM N.V., Kerry Group Plc., Sensient Technologies Corporation)” provides a complete study of Global Yeast Industry.

Forms – Global Yeast Market breakup in 4 viewpoints:

1. Dry Yeast
2. Instant Yeast
3. Fresh Yeast
4. Others

Application – Global Yeast Market breakup in 5 viewpoints:

1. Food
2. Beverages
3. Bioethanol
4. Pharmaceuticals
5. Feed

Countries – Global Yeast Market breakup in 18 viewpoints:

1. North America

1.1 United States
1.2 Canada

2. Latin America

2.1 Mexico
2.2 Brazil

3. Europe

3.1 United Kingdom
3.2 Germany
3.3 France
3.4 Italy
3.5 Spain
3.6 Netherlands

4. Asia Pacific

4.1 China
4.2 Japan
4.3 India
4.4 South Korea
4.5 Australia

5. Middle East & Africa

5.1 United Arab Emirates
5.2 South Africa

6. Rest of the World

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Companies Analysis:

1. Dun & Bradstreet Holdings
2. Conagra Brands, Inc. (US)
3. Danone SA (France), ADM (U.S)
4. Associated British Foods PLC (UK)
5. General Mills Inc. (US)
6. Koninklijke DSM N.V.
7. Kerry Group Plc.
8. Sensient Technologies Corporation.