Yeast Market size was valued at US$ 4.68 Bn in 2022 and the total revenue is expected to grow at 9.61 % from 2023 to 2029, reaching nearly US$ 8.90 Bn

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Yeast Market Overview:

The purpose of this study is to provide a thorough examination of the Yeast market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Yeast market’s growth. The study also offers a comprehensive analysis of the market’s value chain.

Market Scope:

The research method used to assess and anticipate the Yeast market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Yeast market was calculated using the revenue of significant enterprises.

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

Drivers:

The yeast market has experienced significant growth in recent years due to several key drivers. First and foremost, the rising demand for yeast in the food and beverage industry has been a major driving force. Yeast is widely used as a leavening agent in baking, contributing to the production of bread, cakes, and pastries with desirable texture and taste. Additionally, the growing popularity of fermented foods and beverages, such as beer, wine, and yogurt, has further bolstered the demand for yeast as a vital ingredient in their production processes.

Another crucial factor driving the yeast market is the increasing awareness and preference for natural and organic products among consumers. Yeast is a naturally occurring microorganism that serves as an excellent alternative to synthetic additives and chemical agents. This has led to a shift towards yeast-based products in various industries, including the pharmaceutical and cosmetic sectors.

Segmentation:

By Type

The Baker's Yeast, Brewer's Yeast, Wine Yeast, Feed Yeast, Bioethanol Yeast, and Others segments make up the Yeast Market. In 2022, the segment that sold baker's yeast had the biggest market share, with . The low cost and numerous uses of baker's yeast in the livestock and food industries are among its benefits. Demand for bakery goods rises in tandem with the market for baker's yeast. Rising demand in emerging nations is being driven by a rise in the demand for baked foods, particularly bread.

By Application

Food, Feed, and Others make up the segments of the yeast market. The Food segment accounted for the greatest market share of in 2022, and it is anticipated that over the forecast period, it would expand at the highest CAGR of 3.8% in the Yeast Market. The growth of the yeast market in the food industry is anticipated to be aided by rising demand for clean-label and free-from products as well as rising consumption of organically derived components. A wide range of food products, including alcoholic and non-alcoholic beverages, functional meals, chilled and frozen foods, baked goods, snacks, and savoury dishes, use yeast. Yeast-processed foods include bread, deep-fried dough pieces, and rice products that have undergone fermentation.



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Key Players:

The major players covered in the Yeast market report are

1. Associated British Foods plc
2. Lesaffre Group
3. Koninklijke DSM N.V.
4. AngelYeast Co., Ltd
5. Chr. Hansen Holding A/S
6. Lallemand Inc.
7. Alltech, Inc.
8. Leiber GmbH
9. Oriental Yeast Co., Ltd.
10. Synergy Flavors
11. Cargill,
12. Pacific Fermentation Industries
13. Kerry Inc.
14. Halcyon Proteins Pvt Ltd.
15. SUBONEYO Chemicals Pharmaceuticals P Limited.,
16. Novozymes,
17. ZeusIba
18. Biorigin
19. Foodchem International
20. LEVAPAN PANAMÁ
21. Pakmaya

Key Questions Answered in the Yeast Market Report are:

Which segment grabbed the largest share in the Yeast market?
How was the competitive scenario of the Yeast market in 2020?
Which are the key factors responsible for the Yeast market growth?
Which region held the maximum share in the Yeast market in 2020?


COVID-19 Impact Analysis on Yeast Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Yeast market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Yeast industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.

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