The dry yeast market is estimated to be valued at US$ 50.36 billion in 2024. The dry yeast is predicted to rise at a moderate CAGR of 7.4% from 2024 to 2034. The global market is anticipated to reach US$ 102.7 billion by 2034.
Rising knowledge of the nutritional value of animal meals is driving growth. As pet ownership grows, customers seek better feeding options. Dry yeast aids in achieving this purpose. They help to improve digestion and minimise disease risk.
Veganism has recently been the norm due to growing environmental concerns about the manufacturing of animal-based goods. Furthermore, vegan foods are higher in nutritional value and increase feed quality. This shifting consumer preference is driving firms to use dry yeast in animal feed production.
Palatability is a key consideration when purchasing animal feeding. Dry yeast contributes to this by adding an umami taste, which enhances animals’ sensory experiences. Based on these trends, the dry yeast market would enjoy significant growth during the projected period.
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Key Takeaways from FMI’s Dry Yeast Market Report
- Active dry yeast shall be the most extensively used culture to enhance pet feeds in the forecast period
- Rising veganism trends are accelerating organic dry yeast usage
- Global dry yeast market shall surpass US$ 40 Mn by 2020-end
- Dry yeast market has transitioned from being a niche market to a mainstream market
- Europe shall emerge as a revenue powerhouse of the dry yeast market, attributed to surging awareness about healthy foods
Dry Yeast Market- Key Trends
- Rising preference for clean label ingredients by consumers shall underpin dry yeast market growth in the forecast period
- Humanization of pets is bolstering appetite for high quality and premium pet food options, providing traction to the dry yeast market
- Blanket ban on antibiotics usage in animal feeds is auguring demand for dry yeast as an effective substitute
- High prices of yeast-based feeds renders them unaffordable to low and middle-income consumers, restricting growth prospects
Dry Yeast Market- Regional-wise Analysis
- Europe to spearhead the global growth, with France & Germany being primary revenue generators
- Rising demand for clean label foods is stimulating the European dry yeast market growth
- North America accounts for over 1/5th revenue share, exhibiting a CAGR of 6.1% from 2020-2030
- India accounts for 13% of the total dry yeast usage in animal feeds in the Asia-Pacific market
Dry Yeast Market- Competitive Landscape
Prominent players in the dry yeast market include Bellarise, SAF Instant Yeast, ADY, Kerry Group, ADM, Sensient Technologies Corporation, Associated British Foods, Red Star Active Dry Yeast and Titan Biotech Ltd., to name a few. These players are concentrating on introducing new products to enhance their product portfolio.
Titan Biotech, for instance, manufactures the Yeast Extract Powder Type 1 for usage in non-alcohol based foodstuffs. Likewise, ADM Animal Nutrition introduced yeast protein for animals in 2018. Recently, in 2020, it also launched the NutriPass L encapsulated lysine supplement for bovine animals, especially for lactating cows and growing cattle.
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Dry Yeast Market Taxonomy
Product Type
- Active Dry Yeast
- Inactive Dry Yeast
Form
- Powder
- Flakes
- Tablet Capsule
Base
- Fortified
- Unfortified
Nature
- Organic
- Conventional
Sales Channel
- B2B
- B2C
- Modern Trade
- Specialty Stores
- Convenience Store
- Online Retail
- Other Sales Channel
Region/Country
North America
- U.S
- Canada
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Europe
- EU-5
- BENELUX
- Russia
- Poland
- Rest of Europe
South Asia
- India
- Pakistan
- Sri Lanka
East Asia
- China
- Japan
- South Korea
Oceania
- Australia
- New Zealand
Middle East & Africa
- GCC
- Turkey
- South Africa
- Rest of MEA
Get Valuable Insights into the Dry Yeast Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global dry yeast Market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the dry yeast market, allowing readers to glean qualitative and quantitative information which will enable them to take informed market decisions in the upcoming forecast period.
Dry Yeast Market Outlook & Key Findings
- Dry yeast market is estimated to be grow at a CAGR of 6.9% during the forecast period 2020-2030
- Pet owners have become increasingly conscious about health & well-being of pets captivating towards organic formulations, unfolding growth opportunities for dry yeast market
- Increasing demand for vegetarian and vegan pet food in European countries
- From being product belonging to a niche segment, dry yeast has transitioned to one of the top performing category in the animal feed industry.
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