Global Yeast Market Report and Forecast 2024-2032

Global Yeast Market Outlook

The global yeast market size reached approximately USD 5.25 billion in 2023. The market is further projected to grow at a CAGR of 9% between 2024 and 2032, reaching a value of USD 11.41 billion by 2032.

Key Trends in the Market

Yeast is a single-celled eukaryotic microorganism that is classified as the member of the fungus kingdom. It converts starch and sugar into alcohol and carbon dioxide through the process of fermentation and is found in various baked goods, sauces, alcoholic beverages, and nutritional supplements, among others.

• Increasing consumption of bread due to growing availability of various speciality options including sourdough and artisanal bread is a key trend aiding the yeast market growth. The distinctive chewy texture and tangy flavour of sourdough bread is achieved because it is fermented with bacteria and wild yeast.

• Growing awareness about the treatment efficacy of probiotic yeast against various gastrointestinal diseases and their ability to inhibit the pathogenicity of diarrheal infections and to protect the normal microbiota of the human gut is another major factor aiding the market expansion.

• The consumption of wine is rising due to growing popularity of wine tasting events along with online delivery of locally produced wine and increased focus of wine producers on improving the product quality. This increased consumption of wine is bolstering the requirement for wine yeast and fuelling the yeast market expansion.

Market Analysis

On the basis of type, the market is divided into baker’s yeast, brewer’s yeast, probiotics yeast, and wine yeast, among others. Based on genus, the market is segregated into saccharomyces and kluyveromyces, among others. On the basis of form, the market is classified into dry yeast, instant yeast, and fresh yeast, among others.

Based on application, the market is categorised into food and feed, among others, with the food category subdivided by type into bakery, alcoholic beverages, and prepared food, among others. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global yeast market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Associated British Foods Plc

• Lesaffre & CIE

• Angel Yeast Co., Ltd.

• Chr. Hansen Holding A/S

• Lallemand Inc

• Koninklijke DSM N.V

• Kerry Group Plc

• Leiber GmbH

• Sensient Technologies Corporation

• Halcyon Proteins Pty. Ltd.

• Others

Market Share by Application

The food segment is expected to account for a significant portion of the market over the forecast period. This growth can be attributed to the increasing awareness about the benefits of yeast such as the ability to provide protection against oxidative damage by acting as an antioxidant. Furthermore, the taste, texture, and availability of various flavours and varieties in baked products is boosting their consumption and increasing the demand for yeast.

Market Share by Region

Europe is anticipated to account for a significant share of the market in the coming years, due to the rising demand for processed foods, alcoholic beverages, and growing awareness about the health benefits of consuming probiotic yeast. Increased pet adoption and growing livestock health awareness is also boosting the demand for yeast.

Moreover, the rising consumption of organic food products due to growing health concerns is increasing the demand for organic baked goods including breads, bolstering the requirement for baker’s yeast and aiding the growth of the yeast market in Europe.

Competitive Landscape

Associated British Foods Plc, headquartered in London, United Kingdom, is a food processing and retailing company that is one of the largest producers of baker’s yeast and sugar. They are also one of the major producers of enzymes, lactose, and emulsifiers.

Lesaffre & CIE is one of the world’s largest producers and manufacturers of yest. Lesaffre is known for marketing and manufacturing solutions for health care, baking, biotechnology, and food service sectors.

Angel Yeast Co., Ltd. specialises in mass production of yeast and yeast derivatives. They are known to provide high Umami yeast extracts, basic yeast extracts, flavoured yeast extracts, and rich peptides yeast extracts.

Other major players in the yeast market include Chr. Hansen Holding A/S, Lallemand Inc, Koninklijke DSM N.V, Kerry Group Plc, Leiber GmbH, Sensient Technologies Corporation, and Halcyon Proteins Pty. Ltd., among others.

Key Highlights of the Report