Yeast and Yeast Extract Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.01 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Yeast and Yeast Extract Market Analysis
Yeast and Yeast Extract Markets are projected to grow at a CAGR of 10.01% during the forecast period.
The increasing demand from the end-user sectors, such as food and beverages, is significantly contributing to the growth of the yeast and yeast extracts market. There is a huge market for baker's yeast, as it is extensively used for enhancing the quality of bakery goods.
As yeast products especially specialty yeast derivatives can enhance flavors, they are utilized in food and beverage items. Yeast extracts are distinct from other yeast products in terms of flavor, which has increased the demand for specialty yeast in the market. One of the main factors propelling the market for yeast and yeast extract is a rise in alcohol consumption. Given that yeast is a key component in the creation of alcoholic beverages like wine and beer and that there has been an increase in global consumption of these drinks over the past few years, which in turn has led to an increase in demand for yeast. As a result, the yeast market is being driven by the rising demand for high-quality wines and beers. According to the United States Department of Commerce, in 2021, in the United States, wine was sold in about 450.6 million 9-liter cases.
Moreover, 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. The yeast and yeast extract are highly utilized in nutritional supplements, baked products, and probiotics. Apart from that, the breaker's yeast is being utilized for several medical purposes for making antibiotics which in turn boosts the growth of the yeast and yeast extract market globally.
Yeast and Yeast Extract Market Trends
Increasing Demand for Bakery Products
Currently, bread is a food staple in many cultures across the globe, which is majorly driving the demand for baker's yeast, as bread is typically made from wheat flour dough and baker's yeast. Moreover, packed baked goods, such as cakes, are expected to witness significant demand in the upcoming years, owing to the rising preference for eating packed cakes as snacks, mainly among children across the globe. Rising consumption of bread as it is a cost-effective and easily available staple food, along with an increasing number of nuclear families, mainly in the European region, has led to a boost in demand for bakery products which in turn increases the utilization of baker's yeast. For instance, Germany witnessed exponential growth in the demand for bread, pastries, and other baked goods. According to the UN Comtrade data, in the year 2021, Germany imported bread worth USD 3.06 billion which was higher than the imports of the prior year, i.e. USD 2.71 billion. The growth of yeast and yeast extracts has grown proportionally with the bakery industry across the globe.
Furthermore, bread and bakery product sales have been driven by the ongoing surge in demand for free-from ranges and specialty bread and the impact of inflation on retail prices, which is further driving the demand for baker's yeast in bread and bakery product application. However, with the rising demand for Italian cuisine all over the world various manufacturers bringing forward the latest product innovations with the utilization of baker's yeast while manufacturing vegan cheese, such factors are expected to lead to the market's expansion in the near future.
Asia-Pacific Holds the Major Market Share
Asia-Pacific is one of the leading regions in the global yeast and yeast extracts market, driven by robust demands for clean-label ingredients and additives - flavors and flavor enhancers exhibiting clean taste and aroma are escalating the market growth of yeast and yeast extracts. In Asia, increasing demand for processed foods, coupled with increasing awareness about health-conscious products, is significantly propelling the growth of the bakers' yeast market in the region, which is, in turn, driving the growth of the market studied. The Asia-Pacific market for yeast and yeast extracts is driven by the growing consumption of baked goods and confectionery products.
The potential for bio-ethanol yeast in this region is also promising, given the evolving energy mix of different economies. Moreover, China dominates the market in the yeast and yeast extract market as the huge volume of yeast is being manufactured and supplied by several leading players like AB Mauri, Lesaffre, Angel yeast, and Biosukeen, among others. This is due to the huge demand for yeast and yeast extracts across various industries within the nation as well as in other regions. For instance, according to the UN Comtrade data, in the year 2021, the export value of beer from China was USD 278.97 million. The growth of various industries that use yeast and yeast extracts has been propelling the market studied across the region.
Yeast and Yeast Extract Industry Overview
The yeast and yeast extract is a highly fragmented market with the presence of a large number of global players across the globe. Some of the major key players in the yeast and yeast extract market globally include Koninklijke DSM N.V., Angel Yeast Co. Ltd., Lallemand Inc., Associated British Foods plc, and Lesaffre Group among others. Owing to this factor, the key players are embarking on mergers and acquisitions as one of their key strategies to achieve consolidation and optimize their offerings. However, these players focus on leveraging opportunities posed by emerging markets to expand their product portfolio to cater to the requirements of various product segments. The giant manufacturers have intensified their R&D efforts in order to develop niche and innovative products based on the requirements of the end-user industry.
Yeast and Yeast Extract Market Leaders
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Koninklijke DSM N.V.
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Angel Yeast Co. Ltd.
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Lallemand Inc.
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Associated British Foods plc
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Lesaffre Group
*Disclaimer: Major Players sorted in no particular order
Yeast and Yeast Extract Market News
- November 2022: At the Food Ingredients Europe in 2022 trade event in Paris, France, yeast technology player Angel Yeast revealed its plans to continue marketing its cutting-edge yeast-based solutions in the European market and develop new solutions. These solutions included yeast extract flavor items and yeast proteins for plant-based milk.
- September 2022: At Bakery China 2022, Angel Yeast announced that it has created the newest dry yeast product, Premium Dry Yeast, to meet many of the current baking challenges.
- July 2021, Biospringer under the parent company Lesaffre's has decided to expand its production facility in Cedar Rapids by 50% at its yeast extract. With this expansion, the company will be able to produce a large volume of products also it includes new process equipment.
Yeast and Yeast Extract Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Baker's Yeast
- 5.1.2 Brewer's Yeast
- 5.1.3 Distiller's and Wine Yeast
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5.2 Specialty Yeast
- 5.2.1 Yeast Extracts
- 5.2.2 Autolysates
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5.3 Form
- 5.3.1 Fresh Yeast
- 5.3.2 Active Dry Yeast
- 5.3.3 Instant Yeast
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5.4 Application
- 5.4.1 Food and Beverages
- 5.4.2 Feed Industry
- 5.4.3 Biofuel Industry
- 5.4.4 Other Applications
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5.5 Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.1.4 Rest of North America
- 5.5.2 Europe
- 5.5.2.1 United Kingdom
- 5.5.2.2 Germany
- 5.5.2.3 France
- 5.5.2.4 Russia
- 5.5.2.5 Italy
- 5.5.2.6 Spain
- 5.5.2.7 Rest of Europe
- 5.5.3 Asia-Pacific
- 5.5.3.1 India
- 5.5.3.2 China
- 5.5.3.3 Japan
- 5.5.3.4 Australia
- 5.5.3.5 Rest of Asia-Pacific
- 5.5.4 South America
- 5.5.4.1 Brazil
- 5.5.4.2 Argentina
- 5.5.4.3 Rest of South America
- 5.5.5 Middle-East and Africa
- 5.5.5.1 South Africa
- 5.5.5.2 Saudi Arabia
- 5.5.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Strategies Adopted by Leading Players
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Associated British Foods plc
- 6.3.2 Angel Yeast Co. Ltd.
- 6.3.3 AEB Group SpA
- 6.3.4 Chr. Hansen A/S
- 6.3.5 Koninklijke DSM N.V.
- 6.3.6 Kerry Group Plc
- 6.3.7 Mitsubishi Corporation Life Sciences Group (Kohjin Life Sciences)
- 6.3.8 Lallemand Inc.
- 6.3.9 Leiber GmbH
- 6.3.10 Kemin Industries Inc.
- 6.3.11 Lesaffre Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Yeast and Yeast Extract Industry Segmentation
Yeast can be described as a microscopic fungus that consists of specific oval cells that reproduce by budding and are proficient in converting sugar into carbon dioxide and alcohol. Yeast extracts are the cell culture of yeast that is being utilized as a flavoring agent and food additives. The global yeast and yeast extract market is segmented by type, specialty yeast, form, application, and geography. Based on type, the market is segmented into baker's yeast, brewer's yeast, and distiller's and wine yeast, and further, by specialty yeast, the market is segmented into yeast extracts and autolysates. Based on form, the market is segmented into fresh yeast, active dry yeast, and instant yeast. By application, the market is further segmented into food and beverages, feed industry, biofuel industry, and other applications. The study provides an analysis of the yeast and yeast extract market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | Baker's Yeast | |
| Brewer's Yeast | ||
| Distiller's and Wine Yeast | ||
| Specialty Yeast | Yeast Extracts | |
| Autolysates | ||
| Form | Fresh Yeast | |
| Active Dry Yeast | ||
| Instant Yeast | ||
| Application | Food and Beverages | |
| Feed Industry | ||
| Biofuel Industry | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Yeast and Yeast Extract Market Research FAQs
What is the current Yeast and Yeast Extract Market size?
The Yeast and Yeast Extract Market is projected to register a CAGR of 10.01% during the forecast period (2024-2029)
Who are the key players in Yeast and Yeast Extract Market?
Koninklijke DSM N.V., Angel Yeast Co. Ltd., Lallemand Inc., Associated British Foods plc and Lesaffre Group are the major companies operating in the Yeast and Yeast Extract Market.
Which is the fastest growing region in Yeast and Yeast Extract Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Yeast and Yeast Extract Market?
In 2024, the Asia-Pacific accounts for the largest market share in Yeast and Yeast Extract Market.
What years does this Yeast and Yeast Extract Market cover?
The report covers the Yeast and Yeast Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Yeast and Yeast Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Yeast and Yeast Extract Industry Report
Statistics for the 2024 Yeast and Yeast Extract market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Yeast and Yeast Extract analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
