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Yeast Market Size & Share Sees Big Growth by 2024

With the presence of a large pool of participants, the Global yeast market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Nutreco N.V., Oriental Yeast Company Limited, Leiber GmbH, Koninklijke DSM N.V., and Bio Springer S.A. are some of the key vendors of yeast across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the yeast market study.

In a major breakthrough that can elevate yeast market revenue, on September 13, 2018, OrganiGram Holdings Incorporation—a licensed producer of medical cannabis in Canada—invested US$ 10 million in Hyasynth Biologicals Incorporation, a Canada-based biotech firm & leader in biosynthesis & cannabinoids science, for developing cannabinoids from yeast.

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As estimated in this report, the global yeast market stood at US$ 4,155 million in the year 2017. Witnessing a tremendous rise during the period from 2018 to 2025, the revenue in this yeast market is expected to reach US$ 8,940 million by the end of the forecast period. The main types available in this yeast market are baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, and others. Among them, the demand for baker’s yeast is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Dietary Benefits Derived Through Product Consumption To Soar Market Growth

“Immense popularity of convenience products along with large-scale nutritional benefits derived from yeast is expected to enlarge the scope of yeast market in the years to come,” says the author of this study. Apart from this, massive demand for specialized yeast to enhance the product quality of food & beverages is likely to boost the expansion of yeast market over the ensuing years. In addition, growing consumer trend towards usage of food ingredients as well as food supplements such as probiotics will further influence the surge of yeast market in the upcoming years.

Global Yeast Market

Massive Consumption Of Processed Food To Support Europe Maintain Dominance

Regionally, Europe has been leading the worldwide yeast market and is anticipated to continue on the dominant position in the years to come, states the yeast market study. Rise in the intake of processed food and prominent demand for nutritional yeast is the main factor behind the dominance of the Europe yeast market. The high number of market players being headquartered in Europe is another significant factor that is supporting the expansion of this regional yeast market. For the record, Italy, France, UK, and Germany are the major regional revenue pockets.

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The global yeast market is segmented as follows:

By Type

  • Baker’s Yeast
    • Dry yeast
    • Fresh yeast
    • Instant Yeast
    • Others
  • Brewer’s Yeast
  • Wine Yeast
  • Bioethanol Yeast
  • Feed Yeast
  •  Others (Nutritional and Supplement Yeast)

By Application

  • Food and Beverage
    • Bakery
    • Alcoholic Beverages
    • Prepared Food
    • Non-Alcoholic
    • Beverages
    • Others
  • Feed and Others

By Form

  • Dry yeast
  • Fresh yeast
  • Instant Yeast
  • Others

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By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About the author

Hiren Sam

As one of the lead news writers at global news journal, Hiren’s specialization lies in the science, technology, Health & business domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Hiren’s take on the impact of digital technologies across the technology, health and business domains gives his writing a fresh and modern outlook.

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