Market Definition:

Yeast is a unicellular fungus used in a number of applications across the food and beverage and healthcare sectors. There are a number of varieties of yeast in use in the global yeast market, with the Ascomycete yeast being used in applications such as bread making, beer making, wine making, etc. and Saccharomyces yeast being used in a number of industries. Growing use in the food and beverage industry is likely to be the major driver for the global yeast market, as the demand for bakery products such as bread and alcoholic beverages such as beer has grown rapidly over the last few years, in line with the growing disposable income of the consumers in developed as well as developing regions across the world.

Market Scenario and Key Restraints:

The global yeast market is expected to exhibit a CAGR of 8.86% over the forecast period from 2017 to 2023, reaching a valuation of USD 5,398.5 million, according to a new research report from Market Research Future (MRFR). The global yeast market is studied in comprehensive detail in the report, which provides markers for the market’s likely progress over the forecast period as well as information about the leading segments and key players within the market.

This is likely to be the major driver for the global yeast market over the forecast period, as urban centers in the developing world as well as developed countries have become major markets for bread-based products as well as beer.

Access Report @ https://www.marketresearchfuture.com/reports/yeast-market-5543

Competitive Analysis:

Leading players in the global yeast market include Associated British Foods plc, Angel Yeast, Lesaffre, Novozymes, Kerry Group plc, Kothari Fermentation and Biochem Ltd., Pak Group, BSG CraftBrewing, Oriental Yeast Co. Ltd., Omega Yeast Labs LLC, Synergy Flavors, Koninklijke DSM NV, Leiber GmbH, Lallemand Inc., and Chr. Hansen AS.

Industry Updates:

In January 2018, Researchers at the Tel Aviv University developed a method to utilize yeast as a model for studying metabolic disorders. Such progressive applications could be vital for the global yeast market’s growth over the forecast period.

Segmentation:

The Global yeast market is segmented on the basis of type, form, application, and region.

On the basis of type, the global yeast market is segmented into baker’s yeast, brewer’s yeast, feed yeast, wine yeast, bioethanol yeast, and others. Baker’s yeast is likely to dominate the global yeast market over the forecast period due to the widespread use of yeast in bakery products. In spite of the growing applications of yeast in other, industrial applications, the traditional role of yeast remains in breadmaking, which is reflected in the global yeast market, wherein baker’s yeast accounted for more than 44% of the global yeast market in 2016. Bioethanol yeast is also likely to be a major segment of the global yeast market over the forecast period due to the growing government support for bioethanol production and use. The segment is likely to exhibit a rapid 9.97% CAGR over the forecast period.



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