Yeast Market:
Overview
The humankind has known hundreds of
yeast varieties, but none is perhaps as popular in industry circles as that
used in production of leavened baked products. Saccharomyces cerevisiae has
gained immense popularity in the production of wide variety of baked products
such as breads, rolls, pastries, and doughnuts. Yeast is also extensively used
in winemaking and distilling, driving the sales in the yeast market. Advances in
breadmaking technology has offered a robust impetus to the expansion of the
yeast market. Yeast has gained intense commercial steam in stay-at-home
commodity.
Over the years, the yeast market has
benefitted from efforts to characterize these species. This has spurred the use
of commercial sour-dough starters. Some of the major varieties in the yeast
market are wine yeast, probiotic yeast, and brewer’s yeast.
The study offers industry-validated
data on the growth prospects and revenue estimations of various segments in the
yeast market. It also offers historical figures and lays down framework for
analyzing strategic landscape.
Yeast Market: Key
Trends
The commercialization of yeast has
gathered force on the back of the rising industrial use in food and feed
production, where the various varieties of it are used as additive. Widespread
demand for bakery products in various parts of the world has offered a robust
fillip to the utilization of yeasts. The growth opportunities in the yeast
market has also been fueled by the growing potential of yeast in making of
bioethanols. Rising popularity of yeast-based feed products is boosting the
yeast market.
Growing production of wine and beer
to meet the needs of developed countries is spurring growth in the yeast
market. Consumption of feed yeast has also gained momentum from the rising
demand yeast-based feed products in the livestock industry. Focus on improving
the health of animals is a key trend boosting the yeast market. Growing
interest in instant yeast will propel new avenues in the yeast market.
Yeast Market:
Competitive Analysis and Key Developments
Beer connoisseurs are unlocking new
flavors in beer by foraging and home brewing with yeast. In recent months of
COVID-19 lockdown, interest in cultivating wild yeast has reinvigorated
interest in yeast market. A small number of people in developed nations have
taken to wild yeast starters in homebrewing. Such initiatives are no doubt
stirring interest in the potential of the yeast market. An interesting trend
here is the use of cell phone apps in identifying the required species of yeast
used in homebrewing. Brewing companies in the U.S. have seen such trends
gaining some attention among beer lovers.
Innovations in the food and feed
additive industry have been intensifying competition in the yeast market with
aspiring players jostling for getting a stronghold therein in near
future. Some of the promising players in the yeast market are Chr. Hansen
Holdings A/S, Alltech, Associated British Foods PLC, Lallemand Inc., Lesaffre
Group, and AngelYeast Co., Ltd.
Yeast Market:
Regional Assessment
Some of the key regional markets
comprise North America, Europe, the Middle East and Africa, Latin America, and
Asia Pacific. Several developed and developing countries in these regions have
been hotspot of opportunities for players in the global yeast market. Growing
initiatives on trying new recipes of yeast in homebrewing and wine making in
developed countries, such as in North America, has reinforced the growth
potential in the yeast market. Further, Asia Pacific has seen rapidly rising
utilization of yeast in meeting the needs of wide variety of bakery products.
Europe has also seen substantial
uptake of yeast-based feed products in the swine industry. Rise in feed
production in European nations has helped ramped up lucrative opportunities for
yeast producers. The regional market is expected to rise at promising potential
during the next few years.
