The global instant dry yeast market is projected to achieve a valuation of USD 652.3 million in 2022, rising to USD 984.9 million by 2032. Over this period, the market is expected to grow at a compound annual growth rate (CAGR) of 5.1%. Previously, from 2016 to 2021, the market recorded a CAGR of 4.1%. The market’s expansion is driven by escalating demand for bakery products.
Yeast, a type of fungus, plays a crucial role in converting sugar into alcohol. It is a key ingredient in both the bakery and beverage industries. Instant dry yeast, unlike active dry yeast with its larger granular structure, features a finer texture. Introduced in the late 1970s following the introduction of active dry yeast, instant dry yeast quickly gained popularity in the market.
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Market Regional Outlook:
Regional segment for the market of Instant Dry Yeast is divided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and MEA. Among these segment Europe and North America is expected to be the leader of instant dry yeast market share globally, and is expected to be dominant in the forecaster period. In Europe region the countries like Germany and France are the key market for instant dry yeast. In terms of revenue Asia Pacific is the expected to be the third leading contributor in the instant dry yeast market, followed by Latin America.
Market Drivers:
The market of instant dry yeast is increasing due to the multiple use of instant dry yeast in the food & beverage and pharmaceutical industry. With the arrival of new market players in the global market is anticipated to boost the growth of instant dry yeastmarketglobally during the forecast period. Instant dry yeast are now used very much in the field of biotechnology in order to make biofuels from agricultural food waste. Instant dry yeast are also used to make various kinds of chemicals.
The instant dry yeast market is driven mainly by the end user industries such as bakery and brewery. Yeast is a daily used item which is required at every home, which is used for fermentation process of various The cost of production of instant dry yeast is also very low as it mainly comes from molasses which is the end product of sugarcane, hence the cost of instant dry yeast is low, which will defiantly drive the market of instant dry yeast to a great extant in the forecast period.
Market Key Players:
- Angel Yeast Co.
- ACH Foods
- LALLEMAND Inc.
- Pakmaya
- Laffort SA
- Alltech Inc.
- Oriental Yeast Co. Ltd.
- Renaissance BioScience Corp.
- Imperial Yeast
- DCL Yeast Ltd.
- Agrano GmbH & Co. KG
- Leiber GmbH
- UNIFERM GmbH & Co. KG.
- Novus International, Inc.
- Koninklijke DSM N.V.
- Kerry Group PLC
- Chr. Hansen Holding A/S
Most recent developments surging the popularity of instant dry yeast:
- In June 2019, AB Mauri Food Inc. expanded its headquarters in the city of St. Louis, USA The expansion of this headquarters helped the company in expanding its yeast strain research and development center, which will further develop the company’s output.
- In September 2019, ACH Food Companies, Inc. acquired Anthony’s Goods, a digitally native brand for natural and organic food space. This acquisition is expected to help the company in expanding its product portfolio and thereby increase its customer base.
- In June 2020, Lesaffre group acquired a majority shareholding in Biohymn Biotechnology, a Chinese company that specialized in the production of yeast and yeast extracts to expand its business.
- In July 2019, Lallemand entered into a long-term global partnership with ICC Brazil for the research, development, and supply of inactive yeast products and fractions derived from sugar cane ethanol.
- In October 2018, Angel Yeast Company launched the new premium baking yeast, which provided better performance in cold water resistance, wide sugar content, and heavy oil resistance during the most renowned food exhibition in the world, SIAL, which attracted more than 7,000 exhibitors from 192 countries.
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Key Segments Profiled in the Global Instant Dry Yeast Market
By Application:
- Fermentation
- Clinical Research
By End User:
- Food & Bakery
- Brewery
By Distribution Channel:
- Supermarkets/Hypermarkets
- Medical Stores
- Online Stores
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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