Global Yeast Industry: Share, COVID-19 Overview, Application, Growth and Forecast 2023
Yeast Market Definition:
Yeast is a unicellular fungus used in a number of applications
across the food and beverage and healthcare sectors. There are a number of varieties
of yeast in use in the global yeast market, with the Ascomycete yeast being
used in applications such as bread making, beer making, wine making, etc. and
Saccharomyces yeast being used in a number of industries. Growing use in the
food and beverage industry is likely to be the major driver for the global
yeast market, as the demand for bakery products such as bread and alcoholic
beverages such as beer has grown rapidly over the last few years, in line with
the growing disposable income of the consumers in developed as well as
developing regions across the world.
Yeast Market Scenario and Key Restraints:
The global yeast market is expected to exhibit a CAGR of
8.86% over the forecast period from 2017 to 2023, reaching a valuation of USD
5,398.5 million, according to a new research report from Market Research Future
(MRFR). The global yeast market is studied in comprehensive detail in the
report, which provides markers for the market’s likely progress over the
forecast period as well as information about the leading segments and key
players within the market.
This is likely to be the major driver for the global yeast
market over the forecast period, as urban centers in the developing world
as well as developed countries have become major markets for bread-based
products as well as beer.
Access Report @ https://www.marketresearchfuture.com/reports/yeast-market-5543
Yeast Market Competitive Analysis:
Leading players in the global COVID-19 analysis on yeast
market report include Associated British Foods
plc, Angel Yeast, Lesaffre, Novozymes, Kerry Group plc, Kothari Fermentation
and Biochem Ltd., Pak Group, BSG CraftBrewing, Oriental Yeast Co. Ltd., Omega
Yeast Labs LLC, Synergy Flavors, Koninklijke DSM NV, Leiber GmbH, Lallemand
Inc., and Chr. Hansen AS.
Yeast Market Segmentation:
The Global yeast market size is
segmented on the basis of type, form, application, and region.
On the basis of type, the global yeast industry is
segmented into baker’s yeast, brewer’s yeast, feed yeast, wine yeast,
bioethanol yeast, and others. Baker’s yeast is likely to dominate the global
yeast market over the forecast period due to the widespread use of yeast in
bakery products. In spite of the growing applications of yeast in other,
industrial applications, the traditional role of yeast remains in breadmaking,
which is reflected in the global yeast market, wherein baker’s yeast accounted
for more than 44% of the global yeast market in 2016. Bioethanol yeast is also
likely to be a major segment of the global yeast market over the forecast
period due to the growing government support for bioethanol production and use.
The segment is likely to exhibit a rapid 9.97% CAGR over the forecast period.
On the basis of form, the global yeast market is
segmented into fresh, instant, dry, and others. Dry yeast is likely to dominate
the global yeast market over the forecast period with instant yeast
experiencing growth at the highest rate. Dry yeast accounted for more than 31%
of the global yeast market in 2016.
On the basis of application, the global yeast market is segmented
into foods, beverages, feeds, and others. Foods dominate the global yeast
market at present thanks to the widespread popularity of bakery products and
the consequent rise in the demand for yeast all over the world. However, the
feed segment is likely to exhibit the highest growth rate over the forecast
period, with the segment expected to exhibit a 9.40% CAGR over the forecast
period.
Regional Analysis:
Europe was the dominant consumer in the global yeast market in
2016 and is likely to retain a leading role throughout the forecast period due
to the growing consumption of bakery products and fermented alcoholic beverages
in the region. The region accounted for more than 33% of the global yeast
market in 2016. North America is also likely to make rapid progress in the
global yeast market thanks to the growing demand for yeast in traditional
breadmaking and beer making applications as well as industrial and healthcare
research
Read more reports at: https://www.marketresearchfuture.com/categories/food-beverages-nutrition-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our team of researchers are studying Covid19 and its impact
on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of market and industries. Cordially
get in touch for more details.
About Market Research Future
At Market
Research Future (MRFR), we enable our customers to unravel
the complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality
market research and intelligence services to our clients. Our market research
studies by products, services, technologies, applications, end users, and
market players for global, regional, and country level market segments, enable
our clients to see more, know more, and do more, which help to answer all their
most important questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Comments
Post a Comment