The dry yeast market is estimated to be valued at USD 50.36 billion in 2024. The dry yeast is predicted to rise at a moderate CAGR of 7.4% from 2024 to 2034. The global market is anticipated to reach USD 102.7 billion by 2034.
The global market is experiencing steady growth due to increasing demand from various end-use industries such as bakery, brewing, and wine-making. Dry yeast offers several advantages over fresh yeast, including longer shelf life, easier storage, and transportation.
The rise in consumer preference for convenience foods and baked goods is driving the demand for dry yeast products. Additionally, advancements in food processing technologies and the growing popularity of specialty and artisanal bread are further propelling market growth.
Manufacturers focus on product innovation, such as developing yeast strains with enhanced functionality and performance, to meet evolving consumer needs and preferences.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 50.36 billion |
| Projected Market Value in 2034 | USD 103.7 billion |
| Value-based CAGR from 2024 to 2034 | 7.4% |
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Between 2019 and 2023, the dry yeast market demonstrated a steady growth trajectory with a historical CAGR of 4.4%. This growth was driven by increasing demand from the bakery, brewing, and wine-making industries, along with advancements in food processing technologies.
Looking ahead to the period from 2024 to 2034, the market is anticipated to experience even more robust expansion, with a forecasted CAGR of 7.4%. This accelerated growth is expected to be fueled by evolving consumer preferences, rising disposable income levels, and further innovations in product development.
| Historical CAGR from 2019 to 2023 | 4.4% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 7.4% |
The provided table highlights the top five countries in terms of revenue, with the United Kingdom and France leading the list. In the United Kingdom, the vibrant baking culture, characterized by a diverse array of bread varieties, pastries, and cakes, fuels significant demand for dry yeast. The rise of artisanal bakeries and cafes, coupled with increasing interest in home baking, further boosts the usage of dry yeast products.
In France, renowned for its exquisite bread culture, dry yeast is widely used in traditional baguettes, croissants, and viennoiseries. The penchant of France for freshly baked goods and the thriving wine industry, which relies on yeast for fermentation, contribute to the substantial utilization of dry yeast in France.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 6.9% |
| Germany | 8.3% |
| Italy | 6.7% |
| France | 9.2% |
| The United Kingdom | 10.2% |
Dry yeast is used in the United States due to the flourishing bakery industry and the widespread consumption of baked goods nationwide.
The popularity of bread, pastries, and other baked products in households and commercial establishments drives the demand for dry yeast. The growing trend towards artisanal and specialty bread further contributes to the demand for high-quality dry yeast in the United States.
Germany has a rich tradition of baking, with bread being a staple part of the German diet. The strong baking culture and the prevalence of traditional bread varieties drive significant demand for dry yeast.
The thriving beer industry in Germany relies heavily on yeast for fermentation and also contributes to the substantial usage of dry yeast.
In Italy, dry yeast is predominantly used to produce various types of bread, pizza, and pasta, integral components of Italian cuisine. The culinary heritage of the country, characterized by a deep appreciation for high-quality ingredients and traditional recipes, sustains the demand for dry yeast.
The growing popularity of artisanal baking and the expansion of the Italian bakery market further support dry yeast usage in Italy.
France, renowned for its exquisite bread and pastry traditions, is a major consumer of dry yeast. The people of France have a strong affinity for freshly baked bread, baguettes, croissants, and other viennoiseries, driving consistent demand for dry yeast in bakeries, patisseries, and households nationwide.
The wine industry, which relies on yeast for fermentation, contributes to the significant usage of dry yeast in France.
The vibrant baking culture, fueled by diverse bread varieties, cakes, and pastries, drives substantial demand for dry yeast. British consumers have a penchant for freshly baked goods, and the proliferation of artisan bakeries and cafes further boosts dry yeast usage in the country.
The United Kingdom growing interest in home baking and the rise of specialty bread trends contribute to the increasing demand for dry yeast.
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The below section shows the leading segment. The unfortified base accounts for a market share of 78.4% in 2024. Based on nature, the conventional segment is anticipated to hold a dominant market share of 95.4% in 2024.
Consumers increasingly seek healthier options and are drawn to unfortified dry yeast due to its purity and simplicity. A significant driver in the conventional segment of the dry yeast market is consumers continued preference for traditional and familiar products.
| Category | Market Share |
|---|---|
| Unfortified | 78.4% |
| Conventional | 95.4% |
In 2024, the unfortified base emerged as the leading segment, capturing a substantial market share of 78.4%. This dominance indicates a strong preference among consumers and manufacturers for unfortified dry yeast products devoid of additional additives or enhancements.
The popularity of the segment could be attributed to perceived purity, versatility in various food applications, and compatibility with diverse dietary preferences.
The conventional segment is poised to maintain its dominance in nature, projected to hold a commanding market share of 95.4% in 2024. This segment comprises dry yeast products manufactured using traditional methods without incorporating genetically modified organisms (GMOs) or synthetic additives.
The continued preference for conventional dry yeast underscores the importance of natural and minimally processed ingredients for consumers, aligning with evolving preferences towards clean labels and sustainable food products.
In the competitive landscape of the dry yeast market, key players vie for market share through strategies such as product innovation, strategic partnerships, and geographic expansion. Emerging players focus on niche segments and differentiation strategies to carve out their market niche.
Intense competition prompts companies to invest in research and development to enhance product quality and meet evolving consumer preferences, driving innovation and growth in the market. Some of the key developments are
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 50.36 billion |
| Projected Market Valuation in 2034 | USd 102.7 billion |
| Value-based CAGR 2024 to 2034 | 7.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Product Type, Form, Base, Nature, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Kerry Group; Bio Springer S.A; Koninklijke DSM N.V.; Lallemand Inc.; Sensient Technologies Corporation; Leiber GmbH; KOHJIN Life Science Co., Ltd; Angel Yeast Co., Ltd; Titan Biotech Ltd; Associated British Foods Plc |
As of 2024, the market for dry yeast is expected to be valued at USD 50.36 billion.
By 2034, the market value of the dry yeast is expected to reach USD 102.7 billion.
From 2024 to 2034, dry yeast market is expected to flourish at a CAGR of 7.4%
The conventional segment is expected to account for a market share of 95.4% in 2024.
The United Kingdom is likely the top-performing market, with a CAGR of 10.2%.
| Estimated Market Size (2024E) | USD 615.2 million |
|---|---|
| Projected Market Value (2034F) | USD 991.5 million |
| Value-based CAGR (2024 to 2034) | 5.1% |
| Expected Base Year Value (2023) | USD 3.83 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 5.98 billion |
| Estimated Growth (2023 to 2033) | 4.6% CAGR |
| Estimated Market Value (2023) | USD 449.5 million |
|---|---|
| Projected Market Value (2033) | USD 711.0 million |
| Value-based CAGR (2023 to 2033) | 4.7% |
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