Brewer’s Yeast Market Forecasts to 2030 – Global Analysis By Form (Liquid and Dry), Sales Channel (Indirect Sales and Direct Sales), Application, End User and By Geography

Brewer’s Yeast Market Forecasts to 2030 – Global Analysis By Form (Liquid and Dry), Sales Channel (Indirect Sales and Direct Sales), Application, End User and By Geography

According to Stratistics MRC, the Global Brewer’s Yeast Market is accounted for $5.19 billion in 2023 and is expected to reach $10.97 billion by 2030 growing at a CAGR of 11.3% during the forecast period. Beer is made with brewer's yeast, which is derived from the single-celled fungus Saccharomyces cerevisiae. It is a rich source of minerals, including complex vitamins, protein-B, selenium, and chromium, which is a vital trace mineral that helps the body maintain normal blood sugar levels. It's regarded as a byproduct of making beer. Brewer’s yeast enhances flavor profiles and acts as a leavening agent in baked goods.

According to the International Foundation for Gastrointestinal Disorders, around 10-15% of the population suffer from IBS or irritable bowel syndrome.

Market Dynamics:

Driver:

Growing popularity of craft beer

Craft breweries often prioritize quality and innovation, utilizing a diverse range of yeast strains to create unique flavor profiles. Brewer's yeast, a key ingredient in beer fermentation, is essential for achieving desired taste, aroma, and consistency in craft brews. This demand has prompted yeast manufacturers to expand their product offerings, providing a wider selection of strains suited for various brewing techniques and flavor profiles. Additionally, the growing consumer interest in craft beer has led to an increase in homebrewing activities, further fueling the demand for quality yeast products.

Restraint:

Price volatility of raw materials

Fluctuations in the prices of these raw materials can directly impact the cost of producing brewer's yeast. When prices surge, manufacturers face increased production costs, which are often passed on to consumers. This can result in reduced demand as buyers seek out more cost-effective alternatives or adjust their purchasing habits. However, price instability complicates long-term planning and investment for businesses within the market, potentially hindering growth and innovation.

Opportunity:

Rising awareness about health benefits

Brewer's yeast, a rich source of nutrients including protein, B vitamins, and minerals, has gained traction as a natural supplement for various health purposes. With increasing interest in holistic health and wellness, consumers are actively seeking out products that offer nutritional value and potential health benefits. Brewer's yeast is known to support digestion, boost immunity, and promote overall well-being, making it appealing to health-conscious individuals. Moreover, its potential role in improving skin health and managing conditions like diabetes further contributes to its popularity.

Threat:

Limited product differentiation

Brewer's yeast, commonly used in brewing and baking, faces challenges due to the lack of diverse product offerings. With minimal differentiation among products, companies struggle to carve out unique market positions or capture niche consumer segments effectively. This homogeneity fosters intense competition solely based on price and distribution channels rather than product features or benefits. Without substantial product differentiation, the market lacks incentives for investments in research and development, stifling innovation and impeding the introduction of novel products.

Covid-19 Impact:

Initially, the closure of bars, restaurants, and breweries worldwide led to a decrease in demand for beer and subsequently for brewer’s yeast, a key ingredient in brewing. This decline in demand resulted in surplus yeast inventory for many yeast producers. This unexpected shift in demand dynamics strained the supply chain, causing disruptions in yeast distribution and pricing fluctuations. However, the pandemic-induced economic downturn affected the purchasing power of consumers, influencing their spending habits and further impacting the market.

The Feed Supplements segment is expected to be the largest during the forecast period

Feed Supplements segment is expected to be the largest during the forecast period by leveraging the rich nutritional profile and functional benefits of brewer’s yeast. In the feed supplements sector, it is increasingly recognized for its ability to improve animal health, enhance growth rates, and boost immunity in livestock such as poultry, swine, and cattle. Its inclusion in animal diets helps to optimize nutrient absorption, promote gut health, and mitigate the use of synthetic additives. Moreover, brewer’s yeast serves as a sustainable alternative to traditional feed ingredients, aligning with the growing consumer demand for natural and eco-friendly agricultural practices.

The Nutraceutical Manufacturers segment is expected to have the highest CAGR during the forecast period

Nutraceutical Manufacturers segment is expected to have the highest CAGR during the forecast period. Brewer’s yeast, a rich source of vitamins, minerals, and proteins, has garnered significant attention from nutraceutical manufacturers due to its myriad health benefits. They are developing novel formulations and delivery systems to cater to specific consumer demands, such as dietary supplements, functional foods, and beverages. By capitalizing on the growing consumer interest in natural and functional ingredients, nutraceutical manufacturers are expanding the application scope of brewer’s yeast, thereby driving market growth and fostering a dynamic ecosystem of health-promoting products.

Region with largest share:

Asia Pacific region commanded the largest market share throughout the extrapolated period. As consumers in this region increasingly embrace Western dietary habits, including a preference for health and wellness products, there has been a surge in demand for Brewer’s Yeast due to its numerous nutritional benefits. Brewer’s Yeast is rich in protein, vitamins, and minerals, making it popular among health-conscious consumers seeking natural supplements. Additionally, the growing awareness of the health benefits associated with Brewer’s Yeast, such as improved digestion and immunity, has further fueled its demand across the region.

Region with highest CAGR:

Asia Pacific region is poised to hold profitable growth over the projection period. Government regulations in the Asia Pacific region are playing a pivotal role in enhancing the Brewer's Yeast Market. Stringent quality standards and regulations imposed by governments in the region ensure the safety and quality of products, thereby bolstering consumer trust and market growth. Regulatory frameworks across the region often incentivize the adoption of sustainable practices and the production of high-quality brewer's yeast.

Key players in the market

Some of the key players in Brewer’s Yeast market include Chr. Hansen Holding A/S, Lallemand, Inc, Lesaffre Group, Kerry Group, Associated British Food plc, White Labs, Archer Daniels Midland Company, HEBEI Tomato Industry Co Ltd, Angel Yeast Co., Ltd, Cargill, Incorporated and Oriental Yeast Co. Ltd.

Key Developments:

In September 2023, Leiber declared the establishment of its inaugural facility in the United States. The construction of the U.S. manufacturing facility will occur in stages, progressively enhancing its processing capacities and expanding the array of products offered.

In June 2023, Fermentis launched its new yeast SafŒno FV 19 for making fruity red wines. This yeast strain has a low consumption of malic acid during the fermentation process, which aids in maintaining a high total acidity in the wine. It produces high levels of black and red fruit aromas, such as cherry, pomegranate, blackberry, and black currant.

In February 2023, White Labs introduced WLP001- California Ale Yeast in an active dry format, broadening its product range within the market.

In September 2022, Lallemand Brewing, a business unit of Lallemand Inc., launched its new yeast strain LalBrew NovaLager. The non-GMO strain is a hybrid of Saccharomyces pastorianus. It has a fast fermentation time, high attenuation, and high flocculation. It also has a clean flavor profile with slight esters over a wide temperature range. The strain is available in 500g packs and 11g sachets

Forms Covered:
• Liquid
• Dry

Sales Channels Covered:
• Indirect Sales
• Direct Sales

Applications Covered:
• Feed Supplements
• Food Supplements
• Other Applications

End Users Covered:
• Beverages
• Nutraceutical Manufacturers
• Pharmaceutical
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances