The growth forecast for the yeast market suggests a modest expansion, with a market size estimated at US$ 3.83 billion in 2023. The estimated CAGR of 4.6% from 2023 to 2033 suggests that the global worth of the yeast market is anticipated to soar to an impressive US$ 5.98 billion by 2033.
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2023) | US$ 3.83 billion |
| Anticipated Forecast Value (2033) | US$ 5.98 billion |
| Estimated Growth (2023 to 2033) | 4.6% CAGR |
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Sustainable and Cleaner Fuel Alternatives drive the Demand for Yeast
In recent years, there has been a great demand for renewable and environmentally friendly fuels, like bioethanol. Yeast acts as a natural fermenting agent that converts the sugar from biomass sources such as corn, sugarcane, or cellulosic materials into ethanol. As more economies and industries turn towards a more sustainable fuel alternative, the significance of yeast, too, will increase in these sectors.
Bioethanol is considered a cleaner alternative to fossil fuels. This environmental awareness has led to government incentives and regulations favoring bioethanol, further boosting the market size for yeast. Subsequently, many research institutes are dedicated to innovative bioethanol production processes that often require specialized yeast strains that can enhance ethanol yields and improve fermentation efficiency.
Soaring Significance in Bioremediation Facilitates Yeast Market Growth
Yeast has been used in the food and beverage industry for ages, but advancements in food science have also opened new avenues for yeast in various other sectors. Yeast is used in bioremediation processes to clean up environmental pollutants. Certain strains of yeast can break down or absorb contaminants, making them valuable in wastewater treatment and soil remediation. This ability of yeast has attracted a lot of attention as the manufacturing world seeks eco-friendly pollution control solutions.
Apart from this, there is also a huge demand for yeast in the agricultural sector. Yeast can help break down contaminants in the soil and convert them into less harmful substances. In some cases, yeast is also used in conjunction with other microorganisms, such as bacteria, to enhance the bioremediation process. In emerging economies like India, Brazil, etc., where there is substantial emphasis on organic farming, the consumer demand for yeast is rising exponentially.
Principal Consultant
According to Future Market Insights, the market for yeast in the recent past has not seen a significant change. The market has been growing at a very steady pace and is estimated to follow the same pattern in the coming decade as well. As the world faced shutdowns of restaurants and recreational spaces due to the pandemic, the yeast market growth experienced a slowdown. But this same plunge was balanced by the rapid expansion of the pharmaceutical industry in the said period.
With developing economies and leading industry players focusing more on their carbon footprints, the yeast market will likely gain impetus in the coming decade, the signs of which are evident if one analyses the current market trend.
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2018) | US$ 3.09 billion |
| Anticipated Forecast Value (2022) | US$ 3.67 billion |
| Estimated Growth (2018 to 2022) | 4.4% CAGR |
Baker's yeast is one of the most fundamental ingredients in bread and bakery production. Bread is a staple food in many cultures around the world, and it is produced in large quantities. When it comes to product type, Baker’s yeast has the largest contribution to the overall global revenue of the yeast market, with a share of 33.30%. Bread and bakery products, including pastries and pizza dough, are consumed daily by millions of people globally, resulting in a high demand for baker’s yeast
| Attributes | Details |
|---|---|
| Product Type | Baker’s Yeast |
| Market share | 33.30% |
Baker's yeast has been a key ingredient in traditional and artisanal bread making since the beginning of times, both for residential as well as commercial purposes. Unlike some yeast applications that may have seasonal or niche demand, the demand for bread and bakery products is relatively constant throughout the year, contributing to a steady and consistent revenue stream for baker's yeast manufacturers.
Due to the high demand for bread and bakery products, baker's yeast is produced on a large scale as bread is not just consumed in a specific region but across the world. This global market reach creates suitable conditions for manufacturers to produce and distribute baker’s yeast to a relatively larger consumer base. This is also why there is a huge demand for innovations in baking techniques, thus driving demand for baker's yeast in recent years.
Dry yeast is the most popular form in the yeast market for several reasons, and its popularity contributes significantly to the overall yeast market. On the basis of form, the yeast market is segmented into fresh and dry yeast, where the latter dominates the market with a revenue share of 54.50%. The primary advantage of dry yeast is its extended shelf life compared to fresh yeast, making it easy for manufacturers to store and distribute it across borders.
Dry yeast is curated to have a consistent fermentation property, ensuring reliable and predictable results in bread and bakery product production. This consistency ensures similar culinary processes across the world, making it popular in the restaurant and food and beverage industry.
| Attributes | Details |
|---|---|
| Form | Dry Yeast |
| Market share | 54.50% |
The dry form of yeast is considered more hygienic and safer to handle than fresh yeast. It reduces the risk of adulteration and microbial growth during storage and distribution. This makes dry yeast the most user-friendly and convenient to use, appealing to a wider consumer base. It can also be exported and imported more easily than fresh yeast, making it a preferred choice for international trade in the global yeast market.
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| Countries | CAGR (2023 to 2033) |
|---|---|
| United States | 3.9% |
| China | 2.3% |
| Japan | 5.9% |
| India | 7.9% |
| Germany | 6.1% |
Like many other parts of the world, India has experienced a substantial surge in the craft brewing industry. Craft breweries produce small batches of personalized and artisanal beers, which has led to a higher demand for a variety of yeast strains that can enhance the overall experience of craft beers. The yeast market is estimated to have a remarkable growth rate of 7.9% CAGR during the forecast period of 2023 to 2033.
Apart from craft beer, yeast is also used in the production of other fermented beverages, such as cider and mead. As the demand for these beverages grows, so does the demand for yeast strains suitable for their fermentation processes.
The COVID-19 pandemic brought about significant changes in consumer behavior and lifestyle patterns, including a notable surge in home baking activities. As more households began baking bread and other baked goods regularly, they needed a steady supply of yeast, contributing to increased sales of fresh and dry yeast products.
In the next decade, the yeast market is anticipated to grow at a substantial rate of 6.1% CAGR. Also, many individuals these days consider cooking, especially baking, therapeutic, which has also made it a family activity. This trend has significantly contributed to the growth of the yeast market in Germany.
Japanese consumers, like the rest of the world, are becoming more health-conscious, and yeast products, especially nutritional yeast, are seen as a source of vitamins, minerals, and protein, contributing to the overall market for yeast and yeast-related products. The Japanese yeast market is, thus, estimated to foresee a notable growth of 5.9% CAGR in the next ten years.
This rapid growth is also linked to the rising popularity of home baking and cooking due to the influence of TV shows and social media. Yeast also has diverse applications in Japanese cuisine beyond bread, including the production of soy sauce, miso, and sake.
The United States is home to one of the largest industrial hubs in the world. As industries focus on eco-friendly solutions, there has been a noticeable expansion in the overall market for yeast in these sectors. Evidently, the US yeast market will grow at a steady pace of 3.9% CAGR owing to recessionary times in the next ten years.
Yeast is a critical component in the production of bioethanol, a renewable fuel source for industries. As the demand for yeast increases, yeast manufacturing companies are exploring innovative techniques to harness yeast from sustainable production methods.
Due to yeast's easy availability and procurement process, numerous international companies are in the global yeast market. The long shelf life of dry yeast enables yeast manufacturers across the world to store and distribute yeast across international borders. There is a very limited scope of innovation in the procurement process of yeast as consumers generally prefer untreated and clean yeast products, making the process consistent throughout the ages.
Recent Developments in the Yeast Market:
The global yeast market is estimated at US$ 3.83 billion in 2023.
The United States is the largest consumer of yeast and yeast-related products.
The yeast market will grow at a steady pace of 4.6% CAGR, surpassing US$ 5.98 billion in 2033.
Fleischmann's RapidRise is the most popular brand for yeast.
The food and beverage industry forms the largest consumer pool for the yeast market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Baker’s Yeast
5.3.2. Bi-ethanol Yeast
5.3.3. Feed Yeast
5.3.4. Wine Yeast
5.3.5. Brewer’s Yeast
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Form, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Form, 2023 to 2033
6.3.1. Dry Yeast
6.3.2. Fresh Yeast
6.3.3. Instant Yeast
6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Form
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Form
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Form
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Form
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By Form
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Form
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By Form
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Form
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By Form
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Form
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By Form
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Form
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By Form
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Form
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Type
15.1.2.2. By Form
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Type
15.2.2.2. By Form
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Type
15.3.2.2. By Form
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Type
15.4.2.2. By Form
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Type
15.5.2.2. By Form
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Type
15.6.2.2. By Form
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Type
15.7.2.2. By Form
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Type
15.8.2.2. By Form
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Type
15.9.2.2. By Form
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Type
15.10.2.2. By Form
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Type
15.11.2.2. By Form
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Type
15.12.2.2. By Form
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Type
15.13.2.2. By Form
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Type
15.14.2.2. By Form
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Type
15.15.2.2. By Form
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Type
15.16.2.2. By Form
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Type
15.17.2.2. By Form
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Type
15.18.2.2. By Form
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Type
15.19.2.2. By Form
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Type
15.20.2.2. By Form
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Type
15.21.2.2. By Form
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Type
15.22.2.2. By Form
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Type
15.23.2.2. By Form
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Form
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Alltech Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Ab Mauri
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Ab Vista
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Chr. Hansen
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Bio Springer S.A.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Angel Co. Ltd
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Cargill Incorporated
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Dsm N.V.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Kerry Group Plc
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Lesaffre Group
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Royal DSM N.V.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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