Dry Yeast Market

Dry Yeast Market Outlook from 2024 to 2034

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%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

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%

Dry Yeast Market Drivers

• Growing demand from the bakery, brewing, and wine-making industries.
• Increasing popularity of convenience foods and baked goods.
• Advancements in food processing technologies.
• Surge in consumer preference for natural and clean-label ingredients.

Dry Yeast Market Challenges

• Disruptions in the supply chain, such as transportation delays or logistical issues, can affect the timely delivery of dry yeast products to customers.
• Maintaining consistent quality standards throughout the production process is crucial, as variations in quality can impact the performance of dry yeast in various applications.
• Compliance with regulations and standards related to food safety and labeling adds complexity and cost to producing and distributing dry yeast products.
• Sustainability and environmental impact are growing concerns for consumers and regulators, prompting companies to adopt eco-friendly practices.

Country-wise Analysis

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%

Flourishing Bakery Industry Drives Demand in the United States

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.

Rich Baking Tradition Sustains Dry Yeast Usage in Germany

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.

Culinary Heritage Fuels Demand for Dry Yeast in Italy

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.

Bread Culture Boosts Dry Yeast Usage in France

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.

Vibrant Baking Culture Spurs Dry Yeast Demand in the United Kingdom

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.

Category-wise Insights

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%

Unfortified Segment to Hold a Significant Share in the Market

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.

Conventional Segment to Hold a Dominant Share in the Market

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.

Competitive Landscape

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

• In September 2022, Lesaffre et Compagnie completed the acquisition of Recombia Biosciences, a biotechnology firm known for its expertise in high-throughput genome editing and synthetic biology. This strategic move enhances Lesaffre's capabilities in research and development, enabling it to innovate and offer cutting-edge solutions in the yeast market.
• In August 2021, Angel Yeast Co., Ltd., in collaboration with its joint venture, announced the acquisition of Shandong Bio Sunkeen Co., Ltd. This acquisition aims to broaden Angel Yeast's product portfolio and strengthen its market position.

Key Coverage of Dry Yeast Market Report

• Adjacent Study on Dry Yeast Market Basket, Baker’s Yeast Market, Dry Wine Yeast Market
• Opportunity Analysis of Dry Yeast Wholesale Market
• Dry Yeast Price Fluctuations
• Demand for Instant Dry Yeast in the United States
• Dry Yeast Market Size, Current Insights and Demographic Trends

Report Scope

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

Dry Yeast Market - Key Segments

By Product Type:

• Active Dry Yeast
• Inactive Dry Yeast

By Form:

• Powder
• Flakes

By Base:

• Fortified
• Unfortified

By Nature:

• Organic
• Conventional

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

Frequently Asked Questions

What is the expected worth of the dry yeast market in 2024?

As of 2024, the market for dry yeast is expected to be valued at USD 50.36 billion.

What is the anticipated market value for the dry yeast in 2034?

By 2034, the market value of the dry yeast is expected to reach USD 102.7 billion.

What is the projected forecast CAGR for the dry yeast market from 2024 to 2034?

From 2024 to 2034, dry yeast market is expected to flourish at a CAGR of 7.4%

Based on nature, which segment dominates the dry yeast market?

The conventional segment is expected to account for a market share of 95.4% in 2024.

Which country is likely to dominate the dry yeast market?

The United Kingdom is likely the top-performing market, with a CAGR of 10.2%.