Market Size of Bakers Yeast Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Baker's Yeast Market Analysis
The global bakers yeast market is expected to grow at a helathy CAGR of 5.1% during the forecast period, 2022-2027.
The COVID-19 pandemic has significantly affected the food and beverages industries across the globe. There was shift in demand for health-based food products during the pandemic and consumers started adopting healthier lifestyle and nutrients in their daily meal. The demand for bakery products reduced with increased focus on healthy food and reduction in high-sugar and high-calorie based foods by people across the globe, negatively impacting demand for baker's yeast. On the other hand, with increased time at home and shutdown of the food outlets outside, a rediscovery of baking and making bread took off across the globe, which is driving increased demand for baker's yeast as compared with pre-COVID-19 levels.
The increasing demand from the end-user sectors, such as food and beverages, is significantly contributing to the growth of the yeast market. There is a huge market for bakers yeast, as it is extensively used for enhancing the quality of bakery goods. Application of compressed yeasts in the bakery industry is growing at a faster rate, due to the increased consumer preference for convenience and packed food products.
The increasing demand for organic yeast offerings is one of the key trends in the yeast market. Organic food ingredients are gaining traction, owing to the health benefits associated with organic products. Several key vendors are launching organic yeast, for example, Biospringer (Lesaffre) launched Springer Organic Baker's Yeast Extract in 2016.
Baker's Yeast Industry Segmentation
Baker's yeast is the common name for the strains of yeast commonly used in baking bread and other bakery products. The scope of the report gives market data on sales of baker's yeast in various forms across the globe. The baker's yeast is present in four forms which include Compressed/ Solid Yeast, Liquid/Cream Yeast, Dry or Powdered Bakers Yeast and other forms across the globe. The market is studied in terms of its growth for different regions which includes North America, Europe, Asia-Pacific and Rest of world. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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| Liquid/ Cream Bakers Yeast | |
| Solid Bakers Yeast | |
| Dry or Powdered Bakers Yeast | |
| Other Forms |
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Bakers Yeast Market Size Summary
The bakers yeast market is experiencing a dynamic shift, driven by evolving consumer preferences and industry trends. The COVID-19 pandemic initially led to a decline in demand for bakery products as consumers shifted towards healthier food options. However, the increased time spent at home and the closure of food outlets sparked a resurgence in home baking, boosting the demand for bakers yeast. This trend is further supported by the growing consumer preference for convenience and packaged food products, particularly in the bakery sector. The market is also witnessing a rise in demand for organic yeast offerings, as consumers increasingly seek health benefits associated with organic products. Key players in the industry are responding by launching organic yeast products, catering to this growing segment.
The European region plays a significant role in the bakers yeast market, with a well-established supply chain and consumer preferences favoring indulgent baked goods. The demand for processed foods and health-conscious products is propelling market growth, with health claims like "organic" and "no additives/preservatives" driving sales. The market is moderately consolidated, with major players such as Associated British Foods PLC, Lesaffre International, and Lallemand Inc. leading the way. These companies are expanding their production capacities and distribution networks to maintain a competitive edge. Innovations in bakery products, particularly in indulgence categories, are expected to further drive the demand for bakers yeast, with trends like pizza consumption and specialty bread gaining traction.
Bakers Yeast Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Form
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2.1.1 Liquid/ Cream Bakers Yeast
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2.1.2 Solid Bakers Yeast
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2.1.3 Dry or Powdered Bakers Yeast
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2.1.4 Other Forms
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Russia
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2.2.2.6 Spain
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2.2.2.7 Rest of Europe
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2.2.3 Asia -Pacific
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2.2.3.1 India
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2.2.3.2 Australia
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2.2.3.3 China
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2.2.3.4 Japan
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East & Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle East & Africa
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Bakers Yeast Market Size FAQs
What is the current Bakers Yeast Market size?
The Bakers Yeast Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Bakers Yeast Market?
Associated British Foods PLC, Kothari Fermentation And Biochem Ltd, Lesaffre International, Oriental Yeast India Pvt Ltd and AngelYeast Co., Ltd are the major companies operating in the Bakers Yeast Market.
