Global Yeast Market to Reach $5.4 Billion by 2022 - Owing to the Growth of the Bakery Industry & Increasing Demand for Convenience Food
DUBLIN, August 25, 2017 /PRNewswire/ --
The "Yeast Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global yeast market has witnessed a steady growth over the last few years. The market size is projected to reach USD 5.40 Billion by 2022, at a CAGR of around 9.0% from 2017 to 2022. The growth of the bakery industry and increasing demand for convenience food are the major drivers that have contributed to the growth of the market.
The yeast market, by type, is segmented into baker's yeast, brewer's yeast, wine yeast, bioethanol yeast, feed yeast, and others (nutritional and supplement yeast). The increasing trend of consumption of processed food items and bakery foods is leading to a high demand for baker's yeast in developing economies.
By application, the market has been segmented into food, feed, and others (including pharmaceutical and industrial). The yeast application in the food segment has been increasing due to the increasing use of yeast in snack seasonings, ready-to-eat meals, processed fish, meat and analogs, dairy, bakery, beverages, and dietary supplements.
By form, the market has been segmented into fresh yeast, dry yeast, instant yeast, and others (including bread machine and rapid-rise yeast). The fresh yeast segment accounted for the largest market due to its wide use in bakery products such as bread, biscuits, and pastries.
The specialty yeast market, by type, is segmented into yeast extracts, and yeast autolysates, other yeast derivatives, and others. Other yeast derivatives include yeast flavor enhancers, yeast saccharides, and yeast pigments, and others include nucleotides, minerals, and vitamins. The need for developing high performing yeast at the lowest prices for the highly competitive end-product market is the key driver of the specialty yeast market.
The global yeast market was dominated by Europe in 2016. North America is projected to be the fastest-growing market from 2017 to 2022. The European yeast market is witnessing growth due to the increasing consumption of processed food products, increasing alcohol consumption, and increasing awareness about the nutritive value of yeast.
Companies Mentioned
- Alltech (U.S.)
- Angelyeast Co. Ltd. (China)
- Archer Daniels Midland Company (U.S.)
- Associated British Foods PLC (U.K.)
- Bakels (Switzerland)
- Beldem (Belgium)
- Bio Springer (France)
- Biomin Holding GmbH (Austria)
- Cargill (U.S.)
- Chr. Hansen Holding A/S (Denmark)
- Diamond V. (U.S.)
- Kerry Group PLC (Ireland)
- Koninklijke DSM N.V. (Netherlands)
- Lallemand Inc. (Canada)
- (10+ Others)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Yeast Market, By Type
7 Yeast Market, By Application
8 Yeast Market, By Form
9 Yeast Market, By Region
10 Specialty Yeast Market, By Type
11 Yeast & Specialty Yeast Market, By Species
12 Specialty Yeast Market, By Region
13 Competitive Landscape
14 Company Profiles
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/j8l767/yeast_market_b
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