[183 Pages Report] The Yeast Market size was estimated at USD 6.84 billion in 2023 and expected to reach USD 7.38 billion in 2024, at a CAGR 7.88% to reach USD 11.65 billion by 2030.
Yeasts are unicellular eukaryotic fungi with an organelle in a mature eukaryotic cell. Yeast is generally a fungus used in making beer and wine and for making bread to puff and lightweight. The continuous expansion of the food & beverage sector and the growing baking industry drive yeast usage worldwide. The presence of nutritional benefits in yeast-based is benefiting the market's growth. Stringent government regulations on using yeast and yeast products hamper the market growth. Increasing research & development activities to accelerate the usage of yeast by market vendors is anticipated to provide opportunities for the growth of the market. The ongoing efforts by market innovators to develop organic yeats owing to growing consumer inclination toward sustainability and veganism are expected to benefit the market growth.
The growing consumer inclination toward alcoholic beverages and bakery products is expanding the application of yeast across the Americas, Europe, and Asia-Pacific. The yeast market in the Americas is growing exponentially, with well-established market players and increasing investments to expand the production capabilities of yeast. An emerging number of start-ups focusing on developing yeast for biofuels, healthcare, and proteins is expected to create a platform for market growth in Europe. According to the research, in 2021, China was the top yeast-producing country globally, subsequently benefiting the development of the market in the Asia-Pacific. The increasing livestock population in India, and China, is expanding the demand for animal feed, subsequently expanding yeast usage in Asia-Pacific. The emergence of home baking and new cafes and restaurants focusing on serving various bakery products and alcoholic beverages is anticipated to boost market growth across Asia-Pacific and Europe.
Baker's yeast, primarily Saccharomyces cerevisiae, is indispensable in the baking sector for fermenting dough, which is vital for bread's rise and flavor enhancement. Bioethanol yeast encompasses specialized yeast strains, predominantly saccharomyces cerevisiae, optimized for bioethanol production, a sustainable fuel derived from the fermentation of sugar sources found in crops like corn and sugarcane. The energy sector benefits from Bioethanol Yeast, which ferments sugars into bioethanol, a sustainable fuel, thanks to strains selected for their high ethanol resistance. Brewer's Yeast, encompassing Saccharomyces cerevisiae and Saccharomyces pastorianus, is crucial in crafting beer, contributing to its alcohol content, carbonation, and nuanced flavors. Feed yeast enriches diets with proteins, vitamins, and minerals in animal nutrition, bolstering gut health and immune response among livestock and aquaculture. Wine yeast, particularly Saccharomyces cerevisiae strains, is fundamental in transforming grape sugars into alcohol, defining the wine's distinctive taste and aroma profile.
In animal nutrition, yeast enhances the quality of feed and increases the health and productivity of livestock by improving digestion, bolstering the immune system, and fostering a beneficial gut microbiome. The yeast derivatives, including yeast culture and cell walls, are prized for their pathogen-binding capabilities and promotion of beneficial microbial growth. Within the food sector, yeast's critical role extends beyond baking, contributing to the fermentation process in alcoholic beverages and serving as a natural additive in non-alcoholic products. The utility of yeast in enhancing flavors, textures, and nutritional values underscores its versatility. Yeast is a vital source of B-complex vitamins in health and life sciences, playing pivotal roles in pharmaceuticals, dietary supplements, and biotechnological research. Recombinant DNA technology aids in producing vaccines and therapeutic proteins, while its high beta-glucan content supports immune health and cholesterol management. In scientific studies, the utilization of yeast, particularly Saccharomyces cerevisiae, offers invaluable insights into cell biology and genetics, propelling advancements in medical research and drug development.
The market dynamics represent an ever-changing landscape of the Yeast Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Yeast Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Yeast Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Yeast Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the Yeast Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Yeast Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Yeast Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Yeast Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Yeast Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Yeast Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Yeast Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Yeast Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Yeast Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Revyve secures Euro 8M for patented technology that extracts functional ingredients from brewer’s yeast
As a market research analyst focusing on yeast, it is important to stay informed of current developments in the industry. A recent article from Food Matters Live provides an interesting insight into how Revyve has secured 8 million euros in funding to develop functional ingredients using yeast. The article states that this investment allows the company to further explore the potential of yeast as an alternative ingredient for food and beverage applications. Through this, Revyve hopes to reduce the need for artificial additives and create more natural and sustainable ingredients for consumers. As a result, it will be interesting to observe how this investment impacts the food industry in the future, potentially leading to more sustainable and natural products for consumers. [Published On: 2023-05-03]
Angel Yeast Announces Plans to Beef up Supply and Innovation Capabilities In Response to Increasing Global Yeast Demand
Angel Yeast, a leading global yeast producer and biotechnology innovator, recently announced plans to expand its supply capabilities and further invest in research and development in response to the growing global demand for its products. This expansion allows Angel Yeast to meet customers' needs worldwide and capitalize on new opportunities in the international market. The increased focus on innovation also positions Angel Yeast to stay ahead of competitors with product quality, functionality, and safety breakthroughs. These upgrades and investments demonstrate the company’s commitment to meeting customer needs while continuing to be an industry leader. With this strategic approach, Angel Yeast is well-positioned to remain dominant in the worldwide yeast market. [Published On: 2023-02-20]
White Labs Adds Dry Yeast to its Fermentation Portfolio
White Labs has responded to customer demands for high-quality yeast products as the craft beer industry grows by introducing its dry yeast line. Offering five different types of dry yeast strains, White Labs can now meet the needs and preferences of various markets. White Labs is well-positioned to become a significant player in the fermentation portfolio market with a concentration on quality control. Adding the dry yeast line offers brewers increased convenience, cost efficiency, and greater flexibility to create unique-tasting beers. This new product line enables White Labs to provide customers with various yeasts for their brewing needs. [Published On: 2023-02-16]
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Yeast Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
The report delves into recent significant developments in the Yeast Market, highlighting leading vendors and their innovative profiles. These include Agrano GmbH & Co. KG, Alltech, Inc., Angelyeast Co., Ltd., Antheia, Inc., Archer Daniels Midland Company, Associated British Foods PLC, AvantGen, Inc., Berkeley Yeast, BioInFood, Biorigin, BOSH MEDIA LTD., CB Therapeutics, Chr. Hansen Holding A/S, DuPont de Nemours, Inc., Foodchem International Corporation, ICC Brazil, Keliff's, Kerry Group PLC, Koninklijke DSM N.V., Kothari Fermentation & Biochem Ltd., LACHANCEA LLC, Lallemand Inc., Leiber GmbH, Lesaffre & CIE, Levapan S.A., Liaoning Joysun Group Co. , Ltd., Merck KGaA, Mitsubishi Corporation, Neogen Corporation, Nippon Paper Industries Co., Ltd., Nourish Ingredients Pty Ltd., Novozymes A/S, Oriental Yeast Co., Ltd., OYC EU B.V., Pacific Fermentation Ind. Ltd., Pakmaya by Pak Gıda Üretim ve Pazarlama A.Ş., Renaissance, Sensient Technologies Corporation, Specialty Biotech Co.,Ltd., Synergy Flavors, Inc., Thai Foods International Co., Ltd., The EVERY Company, Thermo Fisher Scientific, Inc., Titan Biotech Limited, Transomic Technologies, Inc., UNIFERM GmbH & Co. KG, White Labs, and ZEUS IBA S.R.L..
This research report categorizes the Yeast Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Baker’s Yeast
- Bioethanol Yeast
- Brewer’s Yeast
- Feed Yeast
- Wine Yeast
- Form
- Flakes
- Liquid
- Powder
- Application
- Feed
- Food
- Health & Life sciences
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Yeast Market, by Type
- Yeast Market, by Form
- Yeast Market, by Application
- Americas Yeast Market
- Asia-Pacific Yeast Market
- Europe, Middle East & Africa Yeast Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 290]
- List of Companies Mentioned [Total: 48]
Yeast, being nutritionally rich in various vitamins, minerals, and proteins, is consumed as a favorable food product by fitness and health enthusiasts in the form of products such as cereals and breads. Given the rapid pace of development of metabolic engineering and yeast fermentation technology, it comes as no surprise that the usage of yeast for beverage production and bakery applications is fast expanding. The usage of yeast to produce sustainable bioethanol is another reason for its growing popularity.
Research and investment initiatives have pushed the creation of newer strains of yeast capable of producing products having better taste and healthy properties. In September 2023, a startup company, Yeap, received investment from Lasaffre to upcycle yeast into a functional protein. Such instances showcase the potential of emerging startups to flourish in the yeast industry.
Advanced genomic technologies, such as CRISPR, allow researchers to tweak the genome and physiology of yeast and gain better insights into the mechanism used by yeast to make such diverse food items. AI has found itself at the forefront of precision fermentation technology in March 2023, when scientists from Imperial College London used AI to optimize yeast strains.
The application potential of yeasts and its products knows no upper bounds, and as the demand for tasteful food products gains momentum, the utilization of yeasts will increase tremendously.
Yeast in Bakery Products:
One of the primary uses of yeast is in producing bread and bakery products. Yeast helps in the fermentation process that allows bread dough to rise, making it fluffy and soft. Yeast also adds flavor and aroma to the bread, making it more appealing to consumers. The use of yeast in the production of bakery products is essential, and the demand for these products has been growing.
Yeast in Fermented Food Products:
Aside from bakery products, yeast is also used to produce fermented food products such as cheese, beer, wine, and yogurt. In beer and wine production, yeast plays a crucial role in the fermentation process that converts sugars into alcohol. The flavor and aroma of beer and wine also depend on the type of yeast used in the process. In cheese and yogurt production, yeast contributes to the taste, texture, and aroma of the final product.
Yeast Varieties:
Different types of yeast are used in food production, and each variety has its distinct features and applications. The most commonly used yeast for bakery and fermented food products is Saccharomyces cerevisiae or baker’s yeast. This variety is known for its ability to ferment sugars quickly and produce carbon dioxide, making it perfect for baking and brewing. Other varieties of yeast, such as Candida milleri and Kluyveromyces marxianus, are also used in the production of fermented food products.
Yeast Improvers and Enhancers:
Yeast improvers and enhancers are additives that are added to yeast to improve its function and efficiency. These additives include emulsifiers, enzymes, and dough conditioners that boost bakery products' quality, shelf-life, and texture. The use of yeast improvers and enhancers has become popular in the industry, and the demand for these additives is increasing.
Health Benefits of Yeast:
Aside from its contribution to food production, yeast also offers several health benefits. Yeast is considered a rich source of protein and includes essential vitamins and minerals such as vitamin B, iron, and zinc. It also contains probiotics that can prove beneficial for gut health. Yeast has been found to boost the immune system and can help in the prevention of diseases such as cancer, diabetes, and heart disease.
Yeast plays a vital role in the food and beverage industry, specifically in the production of bakery and fermented food products. Its unique ability to ferment sugars into carbon dioxide and alcohol has made it an essential ingredient in food production. Understanding the scope of the yeast and its applications in food production can help us appreciate the role it plays in our daily lives. The growing demand for bakery and fermented food products has increased interest and knowledge about yeast, and it is expected to keep growing in the years to come.
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