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The yeast market is projected to grow by USD 8.30 billion with a CAGR of 9.66% during the forecast period 2021 to 2026.
This yeast market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers yeast market segmentation by application (food and beverage and feed and other yeast) and geography (Europe, APAC, North America, South America, and the Middle East and Africa). The yeast market report also offers information on several market vendors, including AB Mauri Ltd., Ab Vista, Agrano GmbH and Co. KG, Alltech Inc., AngelYeast Co. Ltd., Cargill Inc., Chr Hansen Holding AS, Imperial Yeast, Kerry Group Plc, Koninklijke DSM NV, LAFFORT, Lallemand Inc., Leiber GmbH, Lesaffre and Cie, Nisshin Seifun Group Inc., Novus International Inc., Renaissance BioScience Inc., and UNIFERM GmbH and Co. KG among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the yeast market. During the COVID-19 pandemic, the demand for the yeast market has been impacted significantly. But a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Yeast Market Driver
The launches of food and beverage products that use yeast varieties are a major factor driving the global yeast market growth. The yeast market is growing due to an increase in demand from end-user industries. The market is driven by high demand for specialized yeast, which is used to improve the quality of food and beverages. Yeast is used for accelerating the fermentation process in food products, thereby imparting improved aroma, flavor, and texture to the product. Thus, many players are launching food and beverages using yeast varieties. Due to such reasons, the growth of the market will be positive during the forecast period.
Key Yeast Market Trend
The growing demand for organic yeast offerings is another factor supporting the global yeast market growth. Organic food ingredients are becoming popular due to their health benefits. Currently, the overall market for organic food ingredients is a niche segment. Organic food ingredients are mostly priced higher than conventional products because of the comparatively high production costs and consumer willingness to pay extra for products containing organic food ingredients. This is because many consumers are concerned about where their food comes from and the impact that it has on the environment and their health. Thus, organic food ingredients are becoming more popular and are believed to be the answer to some of these concerns. However, manufacturers of organic yeast often face challenges like sourcing organic raw materials, dedicating equipment for organic production, and creating organic standards-compliant cleaning and pasteurization processes. This might pose a challenge to the growth of the global yeast market. During the forecast period, several players are expected to launch organic yeast offerings as the demand for organic food ingredients is rapidly increasing.
Key Yeast Market Challenge
The fluctuation in the prices of raw materials for yeast products will be a major challenge for the global yeast market growth during the forecast period. The prices of raw materials for yeast products are often volatile, which further results in uncertainty in the global yeast market. Beet and cane molasses are the major raw materials used in yeast production plants. Hence, fluctuation in the prices of beet and cane molasses (depending on their use in other industrial applications like animal feed and bio-ethanol production) impacts the yeast market. Yeast also grows primarily on sugar products like sugar syrups. Thus, an increase in the overall cost of sugar has a direct impact on the prices of yeast products. Other raw materials like ammonia and phosphoric acid used in yeast production are usually expensive due to their application as fertilizers. Hence, when the prices of yeast are high, the prices of the end-products manufactured using yeast are also impacted. The rising price of raw materials is one of the biggest challenges for the global yeast market.
This yeast market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global yeast market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the yeast market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the yeast market encompasses successful business strategies deployed by the key vendors. The yeast market is fragmented, and the vendors are deploying growth strategies such as product launches, mergers & acquisitions, joint ventures, and R&D activities to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The yeast market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the yeast market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profits and also the optimization and evaluation of business strategies The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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32% of the market’s growth will originate from Europe during the forecast period. France and Germany are the key markets for the yeast market in Europe. Market growth in this region will be faster than the growth of the market in North America and South America.
The rising awareness regarding the use of yeast and its derivatives due to its clean-label status will facilitate the yeast market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, several nations in Europe were affected by the COVID-19 outbreak. To slow down the spread of the disease, regional governments implemented measures such as lockdowns. Manufacturing units in and supply chains for the food and beverage industry faced disruptions in some locations due to the shutdown and travel restrictions. Customers were turned away from restaurants, bars, cafes, and eateries. However, with the availability of COVID-19 vaccines and warmer spring weather providing optimism for the lockdown restrictions being lifted, restaurants, bars, cafes, and eateries across Europe resumed operations in 2021, which is anticipated to drive the growth of the regional yeast market during the forecast period.
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The yeast market share growth in the food and beverage segment will be significant during the forecast period. The global yeast market in the food and beverage sector is growing at a fast pace and is expected to retain its dominant position during the forecast period due to the high demand for specialized yeast to improve the quality of food and beverage products.
This report provides an accurate prediction of the contribution of all the segments to the growth of the yeast market size and actionable market insights on the post-COVID-19 impact on each segment.
Yeast Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.66% |
Market growth 2022-2026 |
$8.30 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.4 |
Regional analysis |
Europe, APAC, North America, South America, and the Middle East and Africa |
Performing market contribution |
Europe at 32% |
Key consumer countries |
US, China, Japan, France, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
AB Mauri Ltd., Ab Vista, Agrano GmbH and Co. KG, Alltech Inc., AngelYeast Co. Ltd., Cargill Inc., Chr Hansen Holding AS, Imperial Yeast, Kerry Group Plc, Koninklijke DSM NV, LAFFORT, Lallemand Inc., Leiber GmbH, Lesaffre and Cie, Nisshin Seifun Group Inc., Novus International Inc., Renaissance BioScience Inc., and UNIFERM GmbH and Co. KG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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