The global yeast market is projected to witness a CAGR of 8.38% during the forecast period to reach a total market size of US$7.037 billion by 2023, increasing from US$4.341 billion in 2017.
Changing lifestyle patterns across the globe has led to the increased demand for alcoholic beverages, convenience food products which, in turn, is boosting the demand for yeast as an additive for food processing. APAC region will witness the fastest regional market growth owing to expanding urbanization, adoption of Western culture, and corresponding growth of processed food and beverage industry in countries such as India and China. However, stringent food safety regulations are likely to threaten the growth of the yeast market.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global yeast value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the market.
Major industry players profiled as part of the report are Chr. Hansen Holding A/S, Alltech, AB Vista, Lesaffre Yeast Corporation, and LALLEMAND, INC. among others.
|Market size value in 2017||US$4.341 billion|
|Market size value in 2023||US$7.037 billion|
|Growth Rate||CAGR of 8.38% from 2017 to 2023|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Form, Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Chr. Hansen Holding A/S, Alltech, AB Vista, Lesaffre Yeast Corporation, LALLEMAND, INC., Biospringer, AngelYeast Co., Ltd., Cargill, Incorporated, AB Mauri India Pvt Ltd.|
|Customization scope||Free report customization with purchase|
Active Dry Yeast
Distiller’s and Wine Yeast
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What is the size of the global yeast market?
A1. Yeast market was valued at US$4.341 billion in 2017.
Q2. What will be the yeast market size by 2023?
A2. The yeast market is projected to reach a total market size of US$7.037 billion by 2023.
Q3. What are the growth prospects for the yeast market?
A3. The global yeast market is projected to witness a CAGR of 8.38% during the forecast period.
Q4. Who are the major players in the global yeast market?
A4. Major industry players profiled as part of the yeast market report are Chr. Hansen Holding A/S, Alltech, AB Vista, Lesaffre Yeast Corporation, and LALLEMAND, INC. among others.
Q5. Which region holds the largest market share in the yeast market?
A5. The Asia Pacific region is anticipated to hold a significant share in the global yeast market owing to expanding urbanization, adoption of Western culture, and corresponding growth of the processed food and beverage industry in countries such as India and China.