Yeast Market to Witness Revolutionary Growth by 2025
Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Probiotics Yeast), Form (Active, Instant, Fresh), Genus (Saccharomyces, Kluyveromyces), Application (Food, Feed), and Region - Global Forecast to 2025
(EMAILWIRE.COM, December 13, 2021 ) According to MarketsandMarkets, the global yeast market size is estimated to be valued at USD 3.9 billion in 2020 and is projected to reach USD 6.1 billion by 2025, recording a CAGR of 9.6%. Yeast, being one of the most versatile microorganisms, is used in the production of food & beverage products. The commercialization of yeast has resulted in a transition phase in the yeast industry. The market for yeast is growing globally due to the increase in demand for bakery products, the trend of buying alcoholic beverages worldwide, and global demand for bioethanol as a fuel.
Europe is projected to account for the largest share during the forecast period
In 2019, Europe accounted for the largest share in the market. The processed food and bakery industries in the European region are witnessing significant growth due to the change in lifestyles of consumers and an increase in disposable income levels. The European yeast market is witnessing significant growth due to the increase in consumption of processed food products, the rise in alcohol consumption, and awareness about the nutritive value of yeast. The market in the European Union is mainly concentrated on bread production applications. The increase in the consumption of cakes, bread, pastries, as well as alcoholic beverages has led to an increase in demand for yeast in European countries.
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By application, the food segment is projected to account for a larger share in the market during the forecast period
Based on the application, the market is segmented into food and feed. The food segment is estimated to account for a larger share due to the high consumption of bakery products. The rising consumption of naturally-extracted ingredients with the increasing demand for clean-label and free-from products, which is projected to drive the growth of this market in the food industry. However, major players, such as AngelYeast Co., Ltd. (China), Associated British Food PLC (UK), and Oriental Yeast Co., Ltd. (Japan), are constantly witnessing an increase in production to cater to the requirements in the food industry.
Target Audience
1.Raw material manufacturers and suppliers
2.Research institutions
3.Government bodies
4.Distributors
5.End-users (food, feed, and the beverage industry)
Market Drivers
1. Rising demand for bakery products
2.Global demand for bioethanol as a fuel
3.Increase in nutritional benefits from yeast-based feed products
Restraints
1.Competition for basic raw material
2.Willingness of livestock growers to use antibiotics for feed products
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https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268
Opportunities
1.Replacing molasses with other raw materials
2.Technological innovations in the feed industry
3.Yeast as a promising protein source
Europe is projected to account for the largest share during the forecast period
In 2019, Europe accounted for the largest share in the market. The processed food and bakery industries in the European region are witnessing significant growth due to the change in lifestyles of consumers and an increase in disposable income levels. The European yeast market is witnessing significant growth due to the increase in consumption of processed food products, the rise in alcohol consumption, and awareness about the nutritive value of yeast. The market in the European Union is mainly concentrated on bread production applications. The increase in the consumption of cakes, bread, pastries, as well as alcoholic beverages has led to an increase in demand for yeast in European countries.
Request for Sample of this Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=268
By application, the food segment is projected to account for a larger share in the market during the forecast period
Based on the application, the market is segmented into food and feed. The food segment is estimated to account for a larger share due to the high consumption of bakery products. The rising consumption of naturally-extracted ingredients with the increasing demand for clean-label and free-from products, which is projected to drive the growth of this market in the food industry. However, major players, such as AngelYeast Co., Ltd. (China), Associated British Food PLC (UK), and Oriental Yeast Co., Ltd. (Japan), are constantly witnessing an increase in production to cater to the requirements in the food industry.
Target Audience
1.Raw material manufacturers and suppliers
2.Research institutions
3.Government bodies
4.Distributors
5.End-users (food, feed, and the beverage industry)
Market Drivers
1. Rising demand for bakery products
2.Global demand for bioethanol as a fuel
3.Increase in nutritional benefits from yeast-based feed products
Restraints
1.Competition for basic raw material
2.Willingness of livestock growers to use antibiotics for feed products
Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=268
Opportunities
1.Replacing molasses with other raw materials
2.Technological innovations in the feed industry
3.Yeast as a promising protein source
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results