According to a new market report by Lucintel, the future of the yeast market looks promising with opportunities in the bakery products, alcoholic beverage, and feed market. The yeast market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are growth of the bakery industry, increase in demand for convenience food products, positive growth trend in alcoholic beverages consumption, growth in demand for bioethanol as a fuel, and increase in demand for specialty yeast products.
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Yeast is used in the process of fermentation for its abilities in aiding carbon - release, imparting better aroma, taste, texture, and flavor to food and beverage. In this market, baker’s yeast, brewer’s yeast, wine yeast, feed yeast, and bioethanol yeast are the major product types. Baker's yeast is the largest segment.
Within the yeast market, dry, instant, and fresh are the major form of yeast.
Europe is the largest market over the forecast period due to increasing consumption of processed food products, increasing alcohol consumption, and increasing awareness about the nutritive value of yeast.
Associated British Foods, Angel Yeast, Lallemand, Leiber, Lesaffre, Alltech, Chr. Hansen Holdings, Koninklijke DSM, Oriental Yeast, and Synergy Flavors are among the major manufacturers in the yeast market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the yeast market by product, application, form, and region. Lucintel has prepared a comprehensive research report titled "Yeast Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the yeast market by product, application, form, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Baker’s Yeast
Brewer’s Yeast
Wine Yeast
Feed Yeast
Bioethanol Yeast
Others
By Application [$M shipment analysis for 2013 – 2024]:
By Form [$M shipment analysis for 2013 – 2024]:
Dry Yeast
Instant Yeast
Fresh Yeast
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/yeast-market.aspx or helpdesk@lucintel.com.
About Lucintel
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