The global yeast market is anticipated to propel at a phenomenal CAGR of around 9% throughout the assessment period from 2022 to 2032. The global market is expected to grow due to rising health concerns among consumers, and demand for organic food additives is expected to increase significantly, propelling the market forward.
Yeast is known for its versatility and is known for being a diverse organism whose services are employed by pharmaceutical and food & beverage industries in the production of their products over the forecast period. Yeast is known to be a rich source of protein, vitamin B, and minerals such as chromium, selenium, copper, and zinc, among several others. Yeast has the maximum utilization in the food and beverage industry owing to its ability to enhance fermentation, and impart aroma, taste, texture, and flavor to food.
Among all the fermenting agents available worldwide, yeast is considered the most consistent attributed to its ability to aid carbon release effectively. In the biotechnology and pharmaceutical industries, yeast is used as a biofuel and dietary supplement, respectively.
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Key Takeaways
- The surging demand for natural yeast among vegans is anticipated to assist the market march forward over the projection period. In addition to that, there are numerous health benefits associated with the regular taking of organic food products such as yeast.
- The various health benefits of organic food products such as yeast comprise skin rejuvenation, eyesight improvement, bolstering of the immune system, protection, and cholesterol reduction. Furthermore, yeast can also act as an antioxidant that helps in protection against oxidative damage.
- Owing to the rise in awareness concerning the importance of consuming organic food products, the nutritional yeast fresh market is expected to witness significant growth within the foreseeable period as consumers are ready to spend on healthy food products.
- Throughout the assessment period, the baker’s sector is expected to dominate the market in terms of type. This is due to baker’s yeast’s cost-effectiveness and wide range of applications in sectors such as food and feed.
- The utilization of yeast in the food and beverage industry can be traced down to decades in the production of diverse products such as alcoholic beverages, non-alcoholic beverages, animal feeds, yeast extract, and probiotic drinks. Yeast is often used by the bakery industry to enhance the quality of bakery goods.
- The increasing demand from such end-use sectors has a significant contribution to the yeast market’s growth and this factor is projected to drive the market further within the forecast period from 2022 to 2032.
Competitive Landscape
The crucial players in the global yeast market are focusing on diversifying its end-use abilities by concentrating on research and development activities. In addition to that, key market players are meticulously working towards mergers and acquisitions to cater to the diverse customer base. Furthermore, technological advancements are making it possible for dominant companies in the global landscape to diversify the application of yeast which can lead to higher sales over the forecast period.
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More Insights into the Yeast Market
Since consumer lives are significantly changing and a sharp rise has been witnessed in disposable income among the majority of the population, this has resulted in major growth in the European area over the forecast period.
The European region is anticipated to dominate the global yeast market as it remains the largest region in the yeast market attributed to the increase in demand for processed foods and the rise in awareness regarding the health benefits of consuming yeast products within the region.
The yeast market has been estimated to witness a minor decline in the global landscape since the raw materials available for production are scarce, and every key player in the industry is in competition for the little that is available. The market might be forced to shut down if there are no alternatives for the yeast market.
Attributing to the increase in partnership among key players combined with the yeast market expansion to several other regions where they are earlier absent, the industry is expected to experience significant growth within the assessment period.
A significant increase in the utilization of yeast has been witnessed over the years due to the rising health concerns among consumers along with the rising demand for organic food additives is expected to increase significantly, augmenting the market forward.
By Flavours:
- Honey (100%)
- Honey with Menthol
- Honey with Lemon
- Honey with Eucalyptus
- Honey with Other Flavours
By Form:
- Powder
- Granular
By Sales Channel:
- Direct Sales/B2B
- Indirect Sales/B2C
- Supermarket/Hypermarket
- Retail Stores
- Specialty Stores
- General Grocery Stores
- Online Stores
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