Yeast Market Bolstered by Ongoing R&D Activities to Diversify Functionality

According to IMARC Group, the global yeast market has witnessed moderate growth during 2013-2018. Yeast is a eukaryotic organism that plays a crucial role in the fermentation process. It converts sugar into alcohol, carbon dioxide and other compounds that are used for baking and producing alcoholic beverages. It is an essential source of high dietary proteins, vitamins and enzymes. The presence of these nutrients helps in boosting energy levels, supporting the immune system, promoting skin, hair and nail growth, and improving glucose sensitivity. In recent years, researchers have developed various new techniques of propagation, isolation and industrial production to improve yeast strains to meet the increased demand from the food industry.

Yeast has a high significance in the food and beverage industry due to its nutritional value and ability to enhance taste, flavor, color and stability of various products. It is also used in primary cultures for producing certain fermented foods like fermented meat, and bakery and dairy products. Apart from this, it is employed for producing ethanol in the biofuel industry, which assists in reducing environmental pollution, minimizing crude oil consumption and removing heavy metals from wastewater. Owing to the diversified functionality of yeast, numerous players in the industry have increased their production capacity, with the integration of advanced technologies, which in turn has enabled them to offer innovative products. Moreover, continuous research and development (R&D) activities have helped in the expansion of the substratum spectrum and widen its scope of application in the food ingredient and additives manufacturing. Looking forward, the market is projected to grow at a CAGR of around 8% during 2019-2024.

Fresh yeast exhibits a clear dominance in the global market

At present, fresh yeast is the most popular form, holding the largest market share. It is biologically produced by feeding yeast cells with water, oxygen and sugar so that they begin to grow and divide. It is highly perishable and needs to be used within a shorter time span. Also, it consists of higher moisture content than other forms due to which it is mainly utilized to prepare bakery products. Other significant forms of yeast are instant and dry.

Baker’s yeast dominates the market across the globe

Based on the type, baker’s yeast accounts for the majority of the market share as it is majorly used for the production of bread. Some of the other product types include brewer’s, wine, bioethanol, and feed.

Food represents the largest application segment

The market has been categorized based on the application into food and feed. Amongst these, food applications dominate the market. Yeast is used in the preparation of bakery products, alcoholic beverages, processed foods, among others.

Europe holds the leading position in the market

Europe currently exhibits a clear dominance in the market owing to the huge investments being made to advance the technologies to produce specialty yeast products in the region. Other major markets North America Europe, Asia Pacific, Latin America, and Middle East and Africa.

The competitive landscape of the market has also been analyzed, with some of the key players being Associated British Foods Plc, Lesaffre & CIE, Angel Yeast Co., Ltd., Cargill Incorporated, Chr. Hansen A/S, Alltech Group, Lallemand, Inc., Koninklijke DSM N.V., Nutreco N.V., Kerry Group plc, Synergy Flavors, Inc., The Archer Daniels Midland Company (ADM), Oriental Yeast Company Ltd. (OYC), Diamond V Mills, Inc. (Diamond V), Pacific Ethanol, Inc. and Leiber GmbH.

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About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the yeast industry, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development

Imarc Group is a leading market research and consulting company that offers management strategy and market research worldwide.