Dry Yeast Market Set to Double by 2034, Fueled by Bakery and Brewing Industries Growing Demand

Dry Yeast Market
Dry Yeast Market

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.

Growth is underpinned by rising awareness about the importance of nutrition-enhanced animal foods. As pet ownership rises, consumers are looking for healthier food options. Dry yeast helps achieve this objective. They assist in improving digestion and reduce the risk of diseases.

More recently, veganism has dictated dietary preferences, owing to growing environmental degradation concerns posed due to production of animal-based foods. Additionally, vegan feeds are richer in nutritional content and improve feed quality. This shifting consumer trend is compelling manufacturers to incorporate dry yeast in animal feed production.

Palatability is an important factor while selecting animal feeds. Dry yeast helps in this regard by imparting an umami taste, thereby indulging the sensory experience of animals. Based on these trend, the dry yeast market will experience a major uptick across the aforementioned forecast period.

“Surging popularity of yeast-derived products is compelling manufacturing to diversify existing portfolios by introducing new products in collaboration with other players and expansion of their production capabilities,” Nandini Roy Choudhury, Client Partner at Future Market Insights

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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$ 103.7 billion by 2034
  • 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

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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.

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

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Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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