Market Size of Yeast And Yeast Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.36 % |
| Fastest Growing Market | North America |
| Largest Market | Asia |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Yeast and Yeast Ingredients Market Analysis
The global yeast and yeast ingredients market is valued at USD 2.6 billion for the current year and is projected to register a CAGR of 7.36% during the forecast period.
- The yeast and yeast ingredients find increased application in processed food & beverages due to their several valuable applications. For instance, in pet food applications, yeast ingredients make in-situ flavors and savory aromas and enhance the taste, resulting in increased palatability. Also, the yeast ingredients market in developing countries is evolving due to the rapidly growing demand for livestock products. Yeast extracts are widely used in various fields, namely food flavoring agents and additives, animal feed additives, microbial fermentation, and cosmetic supplements across the globe.
- With improving living standards globally, consumers are now increasingly seeking healthy, nutritious, and safe food options. Players are capitalizing on customers' needs by offering yeast ingredients, considered natural, high-quality products, to meet diverse food flavor requirements with essential dietary nutrients. These factors are thus promoting the enhanced usage of yeast and yeast ingredients across different application areas like food & beverages, pharmaceuticals, food & pet foods, and others across the globe.
- However, specific potential side effects of the use of yeast in different foods and beverages exist. Yeast may cause unpleasant digestive side effects if introduced too quickly. Some yeast products may contain compounds like tyramine, triggering headaches or migraine attacks and sometimes leading to inflammatory bowel disease (IBD). Thus, such side effects may hamper the demand for yeast and yeast ingredients during the study period.
Yeast and Yeast Ingredients Industry Segmentation
Yeast ingredients provide a range of functions in food manufacturing. It is generally available in different forms, including compressed, dried/granular, cream, and liquid.
The global yeast and yeast ingredients market is segmented by type, application, and geography. By type, the market is segmented into yeast extracts, yeast autolysates, yeast beta-glucan, and yeast derivatives. By application, the market is segmented into food and beverages, pharmaceuticals, feed and pet foods, and other applications. The food and beverage segment is further divided into bakery and confectionery, beverages, and others. By geography, the market is segmented into emerging and established markets across the globe, including North America, Europe, Asia, South America, and Middle East & Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| By Type | |
| Yeast Extracts | |
| Yeast Autolysates | |
| Yeast Beta-Glucan | |
| Yeast Derivatives |
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| Pharmaceuticals | |||||
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| Other Applications |
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Yeast And Yeast Ingredients Market Size Summary
The yeast and yeast ingredients market is experiencing significant growth, driven by their increasing application in processed foods and beverages. These ingredients are particularly valued for their role in enhancing flavors and aromas, especially in pet foods, and are gaining traction in developing regions due to the rising demand for livestock products. The market is further bolstered by the global trend towards healthier, nutritious, and safe food options, with consumers seeking natural and high-quality products that offer essential dietary nutrients. This demand is reflected across various sectors, including food and beverages, pharmaceuticals, and pet foods. However, potential side effects associated with yeast consumption, such as digestive issues and the presence of compounds like tyramine, could pose challenges to market growth.
The bakery and confectionery sector is a major driver of demand for yeast and yeast ingredients, as they are crucial for fermentation processes that enhance the quality of baked goods. The growing popularity of natural nutrition and organic products has led to increased sales of whole wheat, gluten-free, and additive-free products, prompting manufacturers to introduce organic variants. The Asia-Pacific region holds the largest market share, supported by the rising popularity of baked goods and increased household consumption. The market is highly competitive, with key players focusing on innovation, mergers, and expansions to strengthen their market presence. Notable developments include the introduction of new yeast-based products and investments in production capacity to meet the evolving consumer demands.
Yeast And Yeast Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increased Consumption of Baked Goods
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1.1.2 Demand for Indigenous Fermented Foods
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1.2 Market Restraints
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1.2.1 Potential Side-effects of Yeast
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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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 Type
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2.1.1 Yeast Extracts
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2.1.2 Yeast Autolysates
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2.1.3 Yeast Beta-Glucan
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2.1.4 Yeast Derivatives
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2.2 By Application
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2.2.1 Food & Beverages
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2.2.1.1 Bakery & Confectionery
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2.2.1.2 Beverages
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2.2.1.3 Other Food and Beverages
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2.2.2 Pharmaceuticals
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2.2.3 Feed & Pet Food
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Yeast And Yeast Ingredients Market Size FAQs
What is the current Global Yeast and Yeast Ingredients Market size?
The Global Yeast and Yeast Ingredients Market is projected to register a CAGR of 7.36% during the forecast period (2024-2029)
Who are the key players in Global Yeast and Yeast Ingredients Market?
Associated British Foods plc, DSM, Angel Yeast Co. Ltd., Lesaffre Yeast Corporation and Lallemand Inc. are the major companies operating in the Global Yeast and Yeast Ingredients Market.
