Global Yeast Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Form (Active Dry Yeast, Fresh Yeast, Instant Yeast), By Type (Baker’s Yeast, Brewer’s Yeast, Nutritional Yeast, Distiller’s And Wine Yeast), By Application (Food, Beverage, Animal Feed, Others), And By Geography - Forecasts From 2022 To 2027

The global yeast market is projected to witness a CAGR of 9.63% during the forecast period to reach a total market size of US$7.544 billion by 2027, increasing from US$3.963 billion in 2020.

Changing lifestyle patterns across the globe have led to an increased demand for alcoholic beverages, and 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 the processed food & beverage industry in countries such as India and China. However, stringent food safety regulations are likely to threaten the growth of the yeast market.

The popularity of Processed Food Items to Drive the Market

The growing worldwide popularity of baking items such as bread, biscuits, cookies, cakes, and so on, there has caused an increasing demand for yeast products. Changing lifestyles, growing spending capacity on food & beverages increased consumption of packaged food, and the inclining popularity of baking and confectionery among consumers around the world are expected to drive the global yeast market. Yeast is responsible for converting sugar into energy, carbon dioxide, and biomass in the presence of oxygen. Being an abundant source of vitamins and other dietary proteins, yeast can be widely used in the production of items like bread, vinegar, sourdoughs, cheese, fermented food products, and vegetables. Adding to that, the growing demand for nutritional yeast from the vegan population has been generating revenue streams for the market players.

Rising demand for organic yeast to augment market growth

Consumers have been progressively incorporating organic items into their usual diet which has caused an increase in the demand for organic products. Organic yeast is farmed and processed according to the methods of organic farming practices. Organic agriculture aids in the provision of raw elements on which yeast is developed. Unlike conventional yeast, which makes use of ammonia or other related chemicals as nitrogen supply, organic yeast uses a plant-based nitrogen source. The fermentation process uses several types of plant-derived substances, which provide the yeast with all of the nutrition it requires for its flourishment. Organic yeast has been witnessing a high demand as a result of these reasons, particularly in regions like North America and Europe. However, organic yeast has a lesser market share than conventional yeast products at the moment, but it is anticipated to gain traction in the future years due to rising urbanization and health awareness among the people. For instance, Lallemand Inc. produces organic yeast, derived from organic agriculture for its utilization in organic food and fermented beverages. The organic yeast tastes savoury and helps in the addition of flavor in a wide range of applications.

Key Developments

• In January 2020, Lesaffre Group set up a novel baking center for its subsidiary, Lesaffre Ivoire, in Abidjan, West Africa, for the provision of innovative bread-making solutions. This establishment would help the company to cater to its customer base in West Africa, grow its production capacity, and also, expand its geographic reach.
• In December 2019, AngelYeast Co., Ltd. launched a new natural flavor-enhancing solution for plant-based foods and beverages in the European region. This product launch helped the company to strengthen its portfolio and grow its customer base in Europe.
• In October 2019, Lallemand Inc. set up a novel specialty yeast manufacturing facility in Passau, Germany. This establishment helped the company to cater to its customer base in Europe, grow its production capacity, and also, expand its geographic reach.
• In January 2019, Kerry Group launched its very first non-GMO yeast, called "Acryleast" for the effective reduction of acrylamide levels of up to 90% without affecting the taste or the texture of food and beverages. This new product launch has helped the company to strengthen its clean-label product range.

COVID-19 Insights

The outbreak of the COVID-19 pandemic caused a slowdown in many industries around the world due to the mandated lockdowns and implementation of social distancing by various governments across the globe. However, during the pandemic, the rise of the interest in baking at home propelled the sales of yeast around the world.

Global Yeast Market Scope:

Segmentation

• By Form
  • Active Dry Yeast
  • Fresh Yeast
  • Instant Yeast
• By Type
  • Baker’s Yeast
  • Brewer’s Yeast
  • Nutritional Yeast
  • Distiller’s and Wine Yeast
  • Others
• By Application
  • Food
  • Beverage
  • Animal Feed
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • Isreal
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global yeast market?
A1. Yeast Market was valued at US$3.963 billion in 2020.

Q2. What are the growth prospects for the yeast market?
A2. The yeast market is projected to witness a CAGR of 9.63% during the forecast period.

Q3. What factors are anticipated to drive the yeast market growth?
A3. Changing lifestyle patterns across the globe have led to an increased demand for alcoholic beverages, and convenience food products which, in turn, is boosting the demand for yeast as an additive for food processing.

Q4. What will be the yeast market size by 2027?
A4. The global yeast market is projected to reach a market size of US$7.544 billion in 2027.

Q5. How is the global yeast market segmented?
A5. The yeast market has been segmented by form, type, application, and geography.