New York, NY, May 24, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Yeast Market by Type (Baker’s Yeast, Brewer’s Yeast (Dry Yeast, Fresh Yeast, Instant Yeast, and Others), Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others (Nutritional and Supplement Yeast)); by Application (Food and Beverage (Bakery, Alcoholic Beverages, Prepared Food, Non-Alcoholic, Beverages, and Others), and Feed and Others); By Form (Dry Yeast, Fresh Yeast, Instant Yeast, and Others)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017– 2026’’ .
According to the report, global yeast market was valued at around USD 4,155 million in the year 2017 and it is expected to reach approximately USD 8,940 million by 2026. The global yeast market is expected to exhibit a CAGR of around 9% between 2018 and 2026.
Browse through 402 Tables & 115 Figures spread over 110 Pages and in-depth TOC on "Global Yeast Market Size & Share 2017 Report: Industry Type, Segments, Companies and Forecast 2017– 2026”.
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Market Report Highlights:
- Emerging economies of the Asia Pacific such as India and China are expected to experience a significant market growth owing to the increasing number of yeast manufacturers and consumers in the countries.
- Lack of awareness about the benefits of yeast in underdeveloped economies may affect the growth of yeast market in the coming years.
- High demand for specialized yeast, for improving the product quality of food & beverages will drive the growth of the market over the forecast period.
- Yeast is mostly used in bakery products owing to its ability to enhance flavor & taste in bread, croissants, and Danish pastries have increased the demand for yeast globally.
- The raising awareness about yeast nutritional values are expected to boost the global yeast market during the forecast period.
- Baker’s yeast dominated the type segment of the yeast market in 2017. The growing consumption of processed foods is expected to propel the growth of the yeast market in the coming years.
- Bioethanol yeast segment is expected to register more than 11% of CAGR during the forecast period in the global yeasts market. Increasing demand for bioethanol as a fuel is expected to propel the growth of the segment in the coming years.
- The instant yeast is expected to register a CAGR of more than 9.2% over the forecast period.
- Increasing awareness about consuming healthy food is increasing the preference for organic food ingredients due to the health benefits they offer is expected to generate significant opportunity for the yeast market in the coming years.
- The growing industrialization and raising awareness about yeast is expected to propel the growth of the market in the developing countries.
- Europe holds a dominant position in the global yeast market with around 32% share in 2017.
- China is the leading country in the yeast market in the Asia Pacific.
- The Asia Pacific is expected to register high growth in the global yeasts market.
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According to the analysts and insights shared by the industry experts during primary research, demand for organic yeasts is expected to open up many opportunities for the yeast market. The growing health conscious individuals will propel the demand for organic yeasts since conventional yeasts make use of ammonia or other compounds as a nitrogen source and the organic yeasts use plant-derived nitrogen source.
The key factors -that are triggering the growth of the yeast market include increasing demand for convenience products and rising nutritional benefits of the yeast. Yeast is mostly used in bakery products owing to its ability to enhance flavor & taste in bread, croissants, and Danish pastries have increased the demand for yeast globally. High demand for specialized yeast, for improving the product quality of food & beverages will drive the market over the forecast period. Yeast is also used in food supplements such as probiotics. Moreover, the rise in consumer preference for natural food ingredients is expected to boost the growth of the yeast industry globally .
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The volume of the global yeast market in 2017 was around 1,120 kilotons - and it is expected to reach approximately 2,220 kilotons by 2026 with an expected CAGR of around 8% during the forecast period.
Baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast, and others (nutritional and supplement yeast) are the major types of yeast. The Baker’s yeast segment accounted for a major share in the yeast market in 2017. The increasing consumption of fast and processed food such as bread, pizza, and other bakery products owing to changing lifestyle is expected to propel the growth of the segment over the forecast period. Since, baker’s yeast is easy to culture and is readily available it is being increasingly utilized in the biological, chemical, and genetic researchers. Owing to the increased applications of the Baker’s yeast this segment held the largest market share.
Browse the full " Yeast Market by Type (Baker’s Yeast (Dry Yeast , Fresh Yeast, Instant Yeast, and Others), Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others (Nutritional and Supplement Yeast)); Application (Food and Beverage (Bakery, Alcoholic Beverages, Prepared Food, Non-Alcoholic, Beverages, and Others), and Feed and Others); By Form (Dry Yeast, Fresh Yeast, Instant Yeast, and Others)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017– 2026 " report at https://www.zionmarketresearch.com/report/yeast-market
The food and beverage segment dominated the yeast market in 2017 by the application. The segment accounted for the more than 80% revenue share in 2017 in the global yeast market. The rising consumption of bakery food and alcohol are the key factors contributing towards the increased market share of this segment in the global market Dry yeast, fresh yeast, and instant yeast are the major forms of yeast which are globally available. Moreover, compressed yeast, rapid rise yeast, cream yeast, etc. are the other forms of yeast available in the market. The dry yeast accounted for the highest share in the global yeast market in 2017. Dry yeast is more popular since they are convenient to handle and have a long shelf life, and hence the segment accounted for the highest market share.
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The market is growing at a significant CAGR in the developed regions. Europe registered an influential share in the yeast market in 2017. Italy, Germany, and France accounted for more than 50% of share in the Europe yeast market. In Europe, U.K. is expected to register the highest CAGR over the forecast period to reach a value of around USD 480 million by end of 2026. The increasing consumption of processed food and growing demand for nutritional yeast are the primary factors contributing towards the major share of the region in the global yeast market.
The major market players in the yeast market are Nutreco N.V., Oriental Yeast Co., Ltd., Pacific Ethanol, Inc., Synergy Flavors, Inc., Leiber GmbH, Koninklijke DSM N.V., Lallemand Inc., Alltech, Inc., Angel Yeast Co. Ltd., Archer Daniels Midland Company, Cargill, Incorporated, Chr. Hansen Holding A/S, Kerry Group Plc., Associated British Foods Plc., Bio Springer S.A., Biomin Holding GmbH, Lesaffre, LEVAPAN, and Sensient Technologies Corporation, among others.
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The global yeast market is segmented on the basis of the type, application, form, and the geographical regions.
Global Yeast Market: Type Segment Analysis
- Baker’s Yeast
- Dry yeast
- Fresh yeast
- Instant Yeast
- Others
- Brewer’s Yeast
- Wine Yeast
- Bioethanol Yeast
- Feed Yeast
- Others (Nutritional and Supplement Yeast)
Global Yeast Market: Application Segment Analysis
- Food and Beverage
- Bakery
- Alcoholic Beverages
- Prepared Food
- Non-Alcoholic
- Beverages
- Others
- Feed and Others
Global Yeast Market: Form Segment Analysis
- Dry yeast
- Fresh yeast
- Instant Yeast
- Others
Global Yeast Market: Regional Segment Analysis
- North America
- US
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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