Yeast Market to Partake Significant Development During 2017 to 2022

The report "Yeast Market by Type (Bakers, Brewers, Wine, Feed, Bioethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Specialty Yeast by Type (Yeast Extracts and Autolysates), and Region - Global Forecast to 2022" The Yeast Market Is Projected To Account for a Value of USD 5.4 Billion By 2022 Increasing adoption of a health-enriching diet is becoming the new norm among consumers, which is significantly influencing the budget allocation decisions of manufacturers.

To maintain their health, consumers are increasingly spending on protein-rich food products such as fermented meat, dairy products, bakery products, and vegetables. Consumers also include fermented food products in their diets, which have encouraged manufacturers to utilize various yeast products. According to MarketsandMarkets, the yeast market is projected to account for a value of USD 5.4 billion by 2022, recording a CAGR of 9.0%.

Market Dynamics

Growth in bakery industry

The increasing preference for ready-to-cook products over traditional food products and changing food consumption habits of consumers are driving the growth of the bakery industry, thus driving the demand for baker’s yeast. Innovations in the bakery industry, such as packaged food products, gluten-free products, and specific dietary food products, play a vital role in the growth of the bakery products market. The increase in demand for baker’s yeast is positively contributing to the overall market growth.

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Growth in demand for bioethanol as a fuel

The increase in demand for bioethanol and improved technologies has fueled the production of bioethanol. Saccharomyces cerevisiae is a species of yeast used for bioethanol-based fermentation of seaweed hydrolysate. The requirement for alternative fuel is growing globally, thus driving the demand for bioethanol as a fuel which in turn creates the need for higher production of yeast.

Use of new yeast based raw materials

Sugarcane molasses is one of the main raw materials used by yeast manufacturers, for several decades. The change in its availability has forced yeast manufacturers to develop a raw material that equals the quality of yeast derived through molasses. Glucose syrup and corn steep liquor are used as alternatives to molasses substrates during the baking process, and are also cheaper than molasses. The replacement of molasses would not only help in combating its scarcity as a raw material, but also provide opportunities for more yeast-based raw materials. This move possesses high growth potential for yeast demand in this industry.

In parallel to the growth in population in various countries of the region, the preference for health-enriching and natural food ingredients remains high. As customers in this region increasingly prefer opting for nutrient-dense food products, manufacturers are increasingly investing in various yeast products to align with their diet requirements. Increasing consumption of fermented food products, such as kefir and pickles, has led to a surge in demand for yeast among manufacturers of the food & beverage industry. On account of these factors, the market is projected to record significant growth by 2022.

Leading players operating in the yeast market include AngelYeast Co., Ltd (China), Associated British Foods plc (UK), Lesaffre Group (France), Koninklijke DSM N.V. (Netherlands), and Chr. Hansen Holding A/S (Denmark). Key players in this market are adopting strategies such as expansions and new product developments to enhance their presence across regions.

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Overall, the yeast market is projected to witness significant growth during the forecast period. To gain a leading position, manufacturers are identifying market trends to align their products with consumer requirements. These strategies are further projected to contribute to the growth of the market.