Yeast Market Introduction

Yeast is a type of fungus that is widely used in the food and beverage industry for fermentation and as a leavening agent. It is an important ingredient in the production of bread, beer, wine, and other fermented foods. Yeast is also used in the pharmaceutical industry to produce antibiotics, vitamins, and other medicinal products.The global yeast market is expected to grow at a steady pace in the coming years, driven by the increasing demand for bakery products and alcoholic beverages. The market is also expected to benefit from the growing popularity of plant-based diets and the use of yeast as a protein source in animal feed.The market is segmented into different types of yeast, including baker's yeast, brewer's yeast, and bioethanol yeast. Baker's yeast is the most commonly used yeast in the food industry, while brewer's yeast is primarily used in the production of beer and wine. Bioethanol yeast is used in the production of biofuels.The yeast market is highly competitive, with major players such as Lesaffre Group, Associated British Foods PLC, Angel Yeast Co. Ltd., and Lallemand Inc. dominating the market. These companies are focusing on research and development to improve the quality and efficiency of yeast products and to meet the changing needs of consumers.

Yeast Market Size

The global yeast market was valued at around USD 3.5 billion in 2020 and is projected to grow at a CAGR of approximately 8.2% from 2021 to 2028. The market is expected to reach a value of approximately USD 6.1 billion by 2028.The increasing demand for bakery products, such as bread and pastries, is one of the key factors driving the growth of the yeast market. The demand for yeast as a natural and vegan protein source in animal feed is also expected to contribute to the growth of the market. Moreover, the increasing popularity of plant-based diets and the demand for plant-based protein sources are expected to create new opportunities for the yeast market.Geographically, the Asia Pacific region is expected to be the fastest-growing market for yeast during the forecast period, due to the increasing demand for bakery and alcoholic products in countries such as China, India, and Japan. Europe and North America are also major markets for yeast, owing to the high consumption of bakery and alcoholic products in these regions.

Yeast Market Share

The global yeast market is highly competitive, with several major players holding a significant market share.  the leading players in the yeast market include:

1. Lesaffre Group: Lesaffre is a global player in the yeast market, with a market share of around 23%. The company offers a wide range of yeast products, including baker's yeast, brewer's yeast, and bioethanol yeast.
2. Associated British Foods PLC: Associated British Foods is another major player in the yeast market, with a market share of around 17%. The company offers yeast products under the brand name of "AB Mauri" and has a strong presence in the bakery industry.
3. Angel Yeast Co. Ltd.: Angel Yeast is a China-based company that specializes in the production and distribution of yeast products. The company has a market share of around 13% and offers a wide range of yeast products for different applications.
4. Lallemand Inc.: Lallemand is a Canadian company that offers yeast products for the food, beverage, and pharmaceutical industries. The company has a market share of around 9% and is known for its high-quality yeast products.
5. Chr. Hansen Holding A/S: Chr. Hansen is a Danish company that offers a wide range of yeast products for the food and beverage industry. The company has a market share of around 7% and is known for its innovative yeast products.

These companies are constantly investing in research and development to improve the quality and efficiency of their yeast products and to meet the changing needs of consumers.

Yeast Market Trends

Here are some of the recent trends in the global yeast market:

1. Increasing demand for natural and clean-label products: Consumers are increasingly seeking natural and clean-label products, which has led to the growing demand for yeast products that are free from artificial ingredients and additives.
2. Rising popularity of plant-based diets: The growing trend towards plant-based diets and the demand for plant-based protein sources have led to an increased demand for yeast products as a source of protein in plant-based foods.
3. Technological advancements in yeast production: Advances in biotechnology have led to the development of new and improved yeast strains that are more efficient and cost-effective to produce.
4. Increasing demand for gluten-free products: With the rising prevalence of gluten intolerance and celiac disease, there is a growing demand for yeast products that are gluten-free.
5. Expansion of the biofuels industry: The expansion of the biofuels industry is driving the demand for yeast products used in the production of bioethanol.
6. Shift towards online retail: The COVID-19 pandemic has accelerated the shift towards online retail, and this trend is expected to continue in the yeast market as well, with more consumers purchasing yeast products online.
7. Focus on sustainability: The growing awareness about environmental sustainability has led to a focus on sustainable production practices and the use of renewable energy sources in yeast production.

Yeast Market Driving factors

Here are some of the key driving factors behind the growth of the global yeast market:

1. Growing demand for bakery products: The demand for yeast products is being driven by the increasing consumption of bakery products such as bread, cakes, and pastries, especially in emerging markets.
2. Increasing demand for alcoholic beverages: The demand for yeast products is also being driven by the growing demand for alcoholic beverages such as beer and wine.
3. Growing popularity of plant-based diets: The growing trend towards plant-based diets and the demand for plant-based protein sources have led to an increased demand for yeast products as a source of protein in plant-based foods.
4. Technological advancements in yeast production: Advances in biotechnology have led to the development of new and improved yeast strains that are more efficient and cost-effective to produce.
5. Expansion of the biofuels industry: The expansion of the biofuels industry is driving the demand for yeast products used in the production of bioethanol.
6. Increasing awareness about the health benefits of yeast: Yeast is rich in vitamins, minerals, and other nutrients, and there is growing awareness about the health benefits of yeast consumption.
7. Growing demand for natural and clean-label products: Consumers are increasingly seeking natural and clean-label products, which has led to the growing demand for yeast products that are free from artificial ingredients and additives.
8. Rising demand for animal feed: Yeast is increasingly being used as a natural and vegan protein source in animal feed, which is driving the demand for yeast products in the animal feed industry.

Yeast Market Reginal Analysis

Here is a regional analysis of the global yeast market:

1. North America: North America is a major market for yeast, driven by the high consumption of bakery and alcoholic products in the region. The US is the largest market in North America, followed by Canada and Mexico.
2. Europe: Europe is another major market for yeast, driven by the high consumption of bakery products in the region. The UK, Germany, France, Italy, and Spain are the major markets in Europe.
3. Asia Pacific: The Asia Pacific region is expected to be the fastest-growing market for yeast during the forecast period, due to the increasing demand for bakery and alcoholic products in countries such as China, India, and Japan. Other major markets in the region include Australia, South Korea, and Indonesia.
4. Latin America: Latin America is a growing market for yeast, driven by the increasing consumption of bakery products and the growing popularity of alcoholic beverages in the region. Brazil and Mexico are the major markets in Latin America.
5. Middle East and Africa: The Middle East and Africa region is a small but growing market for yeast, driven by the increasing consumption of bakery products and the growing popularity of alcoholic beverages in the region. The UAE, Saudi Arabia, and South Africa are the major markets in the region.

The yeast market in each region is influenced by factors such as consumer preferences, food regulations, and the level of competition among manufacturers. Each region also has unique opportunities and challenges for yeast manufacturers, such as the demand for natural and clean-label products in North America and Europe, and the growing popularity of plant-based diets in Asia Pacific.

Yeast Market Forecasts 2030

The global yeast market is expected to continue growing over the next decade, driven by various factors such as increasing demand for bakery products, the growing popularity of plant-based diets, and the expansion of the biofuels industry. Here are some forecasts for the yeast market up to 2030:

1. Market size: The global yeast market is projected to reach a value of USD 9.1 billion by 2030, growing at a CAGR of 8.1% during the forecast period.
2. Product types: The market for yeast extract is expected to grow the fastest during the forecast period, due to the increasing demand for natural and clean-label ingredients in food products.
3. Applications: The food and beverage segment is expected to continue to be the largest application segment of the yeast market, driven by the increasing consumption of bakery and alcoholic products.
4. Regions: Asia Pacific is expected to be the fastest-growing region for the yeast market during the forecast period, due to the increasing demand for bakery and alcoholic products in the region.
5. Drivers: The key drivers of the yeast market during the forecast period are expected to be the increasing demand for natural and clean-label products, the growing popularity of plant-based diets, and the expansion of the biofuels industry.
6. Challenges: Some of the challenges facing the yeast market during the forecast period include fluctuations in raw material prices, intense competition among manufacturers, and changing consumer preferences.

Overall, the yeast market is expected to experience steady growth over the next decade, with opportunities for manufacturers to capitalize on trends such as the increasing demand for natural and clean-label products and the growing popularity of plant-based diets.

Yeast Market Key Industry Players

Here are some of the key industry players in the global yeast market:

1. Lesaffre Group: Lesaffre Group is a leading global player in the yeast market, offering a range of yeast products for various applications such as bakery, fermented beverages, and animal nutrition.
2. Associated British Foods plc: Associated British Foods is a multinational food processing and retailing company, and one of the largest yeast manufacturers in the world.
3. Angel Yeast Co., Ltd.: Angel Yeast is a China-based company that specializes in yeast and yeast derivatives, with a wide range of products for applications such as bakery, food seasoning, and animal nutrition.
4. Lallemand Inc.: Lallemand is a global company that produces yeast and other microbial products for various industries such as food, beverages, and animal nutrition.
5. Koninklijke DSM N.V.: DSM is a global science-based company that produces a wide range of products, including yeast and yeast extracts for various applications such as food and animal nutrition.
6. Kerry Group plc: Kerry Group is a multinational food ingredients and flavorings company, with a range of yeast-based products for applications such as bakery, savory, and animal nutrition.
7. AB Mauri: AB Mauri is a global yeast and bakery ingredients company, with a range of products for various applications such as baking, brewing, and animal nutrition.
8. Oriental Yeast Co., Ltd.: Oriental Yeast is a Japan-based company that produces yeast and yeast extracts for various applications such as bakery, food seasoning, and animal nutrition.

These key industry players have a strong presence in the global yeast market, with a focus on innovation, product development, and expansion into new markets. They also face intense competition from other players in the market, and must continuously adapt to changing consumer preferences and market trends.