Yeast Market Surpasses US$ 6.04 Billion in 2023, Projected to Expand at 8.61% CAGR through 2030 ⅼ Renub Research

Table of Contents

According to Renub Research, the projected value of the global yeast market is about US$ 10.77 billion via 2030. Yeast, a eukaryotic, microscopic fungus with unmarried oval cells that reproduce through budding, can convert sugar into carbon dioxide and alcohol. It is found in various products, consisting of snack flavorings, bakery objects, alcoholic drinks, meat products, salty foods, sauces, and nutritional dietary supplements. Due to its wealthy diet content and excessive dietary protein levels, yeast is extensively used to provide various meal items.

The worldwide yeast market reached US$ 6.04 billion in 2023 and is expected to grow at a CAGR of 8.61% from 2024 to 2030. The increasing worldwide population and the growing food and beverage (F&B) area force the yeast market. Yeast performs a vital function in improving products exceptional aroma, texture, and flavor while accelerating fermentation strategies. Increased intake of bakery objects and alcoholic beverages similarly drives the demand for yeast. Moreover, developing a focus on the dietary blessings of inactive dietary yeast undoubtedly impacts the market, supporting electricity levels, immune function, and glucose sensitivity and improving pores, skin, hair, and nail health. Additionally, yeast is utilized in ethanol manufacturing for biofuels and bioremediation, contributing to market growth. Rising utilization of dietary yeast, especially amongst vegans, and investments in R&D for progressive yeast products additionally make contributions to the tremendous market outlook.

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Yeast products, appreciably dietary yeast is gaining reputation for their health benefits and are rich in vital vitamins, nutrients, minerals, and amino acids. This enchantment for health-aware buyer is fueling demand. Yeast also plays an important role in biofuel manufacturing, mainly ethanol fermentation, aligning with the growing emphasis on renewable electricity sources and greenhouse gas reduction will boosts yeast market. Besides the meals and beverage sector, yeast unearths huge business packages in prescription drugs, animal feed, cosmetics, and agriculture, expanding its market reach similarly because of its reliance on yeast for various techniques and products.

Dry yeast meets modern consumer demands for convenience, efficiency, and practicality, boasting extended shelf life, accessible storage, and convenient transportation.

Dry yeast stands as the undisputed leader in the global yeast market. Numerous factors, including extended shelf life, accessible storage, and convenient transportation, drive its widespread adoption. These qualities align perfectly with the demands of modern consumers seeking practical and efficient solutions. Dry yeast’s dominance is further solidified by its versatility, making it suitable for various applications in various industries such as food and beverage, pharmaceuticals, and biotechnology. With its proven track record and numerous advantages, dry yeast remains the preferred choice among consumers and industries worldwide.

Yeast’s extensive utilization in baking, fermentation, and flavor enhancement firmly establishes its significance within the food industry.

Yeast’s pivotal role in diverse culinary techniques positions food applications as a leading segment in the global yeast market. Whether it’s fermenting dough for bread, enhancing flavors in beverages, or contributing to the fermentation process in brewing, yeast plays a fundamental role in numerous food production processes. Its versatility and ability to impart unique characteristics to food products make it indispensable in the food industry. As consumer demand for quality, flavorful foods continue to rise; yeast remains a crucial ingredient driving innovation and growth in the global food market.

A flourishing food and beverage sector and a strong baking tradition drive the robust demand for yeast in the United States.

The United States holds a substantial share of the global yeast market thanks to its thriving food and beverage industry and strong baking culture. With a diverse culinary landscape and a penchant for innovative food products, the country’s demand for yeast remains consistently high. Additionally, the growing preference for homemade baked goods and artisanal food items further drives yeast consumption. As a result, the United States maintains a prominent position in the global yeast market, contributing significantly to its overall growth and development.

Key Players

Key companies in the global yeast market include Dun & Bradstreet Holdings, Conagra Brands, Inc. (U.S.), Danone S.A. (France), ADM (U.S.), Associated British Foods PLC (U.K.), General Mills Inc. (U.S.), Koninklijke DSM N.V., Kerry Group Plc., and Sensient Technologies Corporation.

Forms – Global Yeast Market breakup in 4 viewpoints:

1.    Dry Yeast

2.    Instant Yeast

3.    Fresh Yeast

4.    Others

Application – Global Yeast Market breakup in 5 viewpoints:

1.    Food

2.    Beverages

3.    Bioethanol

4.    Pharmaceuticals

5.    Feed

Countries – Global Yeast Market breakup in 18 viewpoints:

1.    North America

1.1    United States

1.2    Canada

2.    Latin America

2.1    Mexico

2.2    Brazil

3.    Europe

3.1    United Kingdom

3.2    Germany

3.3    France

3.4    Italy

3.5    Spain

3.6    Netherlands

4.    Asia Pacific

4.1    China

4.2    Japan

4.3    India

4.4    South Korea

4.5    Australia

5.    Middle East & Africa

5.1    United Arab Emirates

5.2    South Africa

6.    Rest of the World

All the Key players have been covered from 3 Viewpoints:

•    Overview

•    Recent Developments

•    Revenue Analysis

Companies Analysis:

1.    Dun & Bradstreet Holdings

2.    Conagra Brands, Inc. (US)

3.    Danone SA (France), ADM (U.S)

4.    Associated British Foods PLC (UK)

5.    General Mills Inc. (US)

6.    Koninklijke DSM N.V.

7.    Kerry Group Plc.

8.    Sensient Technologies Corporation.

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