Future Market Insights’ research indicates that during the estimated period, the Smoked Yeast market is expected to grow at a CAGR of 6.10%. Forecasts indicate that the market will increase in value from US$ 665.8 million in 2023 to US$ 1,203.6 million in 2033.
The global market for yeast is anticipated to increase greatly as a result of its expanding use in the food industry and other industries. Typically, the brewing and baking industries employ smoked yeast. Since smoked yeast is abundant in calcium, vitamins, and between 40 and 50 percent protein, it is frequently used as a supplement. One typical biotechnology product is smoked yeast. Raw material shortages are likely to result in imbalances between supply and demand, which could be dangerous for business growth.
What is Driving Demand for Smoked Yeast?
The global market for smoked yeast is being driven by increased demand from the food and beverage sectors, as well as increased knowledge among individuals about the health and nutritional value of smoked yeast in food.
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Yeast is used in the fermentation industry not only in the food industry to make bread, wine, and beer, but also in other sectors such as the biofuel industry to make ethanol. Smoked yeast is becoming more popular, especially among vegans.
As a result, with an increase in the vegan population, this product has also observed high demand. Smoked yeast is commonly used as a condiment in a variety of foods because of its flavor, which helps to mimic the taste of cheese in vegetarian meals, thicken dressings and sauces, and to stimulate nutrients. As customers turn to vegan products, this aspect contributes to the growth of the smoked yeast industry.
The Demand for Smoked Yeast in the Pharmaceutical Industry Likely to Boost its Sales
Protein-based drugs are the pharmaceutical industry’s fastest-growing ingredients for treating viral, allergic, and cardiovascular disorders. The fermentation of yeast is a necessary part of the manufacturing process for these products. If the number of diseases among patients rises, the demand for pharmaceutical proteins expands, contributing to the development of the smoked yeast market.
The US and Canada Smoked Yeast Market Outlook
Because of the increasing need for smoked yeast and its applications in the fruit, feed, and pharmaceutical industries, the United States and Canada are expected to halt significant growth in the near future.
The smoked yeast market is expected to rise due to increasing demand for practical bakery products, rising developments in the consumption of alcoholic drinks, and increased production of mineral-rich animal feed.
Who are the Key Manufacturers and Suppliers of Smoked Yeast?
Some of the major manufacturers and suppliers of smoked yeast are:
- Alltech Inc.
- Angel Yeast Co. Ltd
- Cargill Incorporated
- Lallemand Inc.
- Titan biotech limited
- Halcyon Proteins Pvy. Ltd
- Associated British Foods
- Kerry Group PLC.
Smoked Yeast Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Key Segments of Smoked Yeast Market
By Source:
- Baker’s yeast
- Brewer’s yeast
By Application:
- Food
- Alcoholic Beverages
- Feed and Pet food
- Pharmaceuticals
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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