According to the latest market research study released by Technavio, the global yeast market is expected to grow at a CAGR of around 9% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global yeast market based on type:
Global yeast market shares by type 2015
|
Baker’s yeast |
42.15% |
|
Brewer’s yeast |
23.02% |
|
Feed yeast |
14.95% |
|
Industrial yeast |
8.97% |
|
Bioethanol yeast |
5.68% |
|
Wine yeast |
5.23% |
Source: Technavio
The top five revenue contributing type segments are discussed below:
Global baker’s yeast market
In 2015, the baker’s yeast segment accounted for the highest share of around 42% of the global yeast market. This segment is expected to continue to dominate the market by posting an impressive CAGR of around 9% during the forecast period. Baker’s yeast is a unicellular mold that is reproduced through a process known as yeast budding.
“The growth of the global baker’s yeast market is directly proportional to the increasing consumption of processed food, especially bakery items. China is experiencing high growth in the baker’s yeast market owing to the increasing demand for bakery products in both the retail and food services,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global brewer’s yeast market
This segment is anticipated to grow at a CAGR of around 9% during the forecast period. Brewer’s yeast is made from a single-celled fungus, Saccharomyces cerevisiae, and has a bitter taste. The growing demand for alcoholic beverages, which use yeast during the fermentation process, drives growth in this market segment. In addition, several health benefits associated with the consumption of brewer’s yeast is also propelling growth in this segment. Brewer’s yeast has been found to be effective in preventing antibiotic-associated diarrhea and relapsing colitis caused by Clostridium difficile. It is considered as a probiotic owing to its nutrient contents such as vitamin B, iron, potassium, protein, zinc, chromium, selenium, and magnesium.
Global feed yeast market
Yeast is used in animal nutrition to improve digestion and health of the animals. Feed yeast has many benefits such as enhancement of digestibility, growth promotion, and improvement of the immune system. Feed yeast is a cost-effective nutritive supplement for animals and has negligible harmful effects to animals. APAC and Europe are the largest markets for feed yeast, and collectively accounted for a market share of more than 50% in 2015.
Global industrial yeast market
Yeast is widely used for various applications in industrial biotechnology. Various players in the market are coming together to develop improved industrial yeast strains. For instance, in June 2016, Meiogenix and Lesaffre entered an agreement to develop improved industrial yeast strains consuming the PhoeniX technology developed by Meiogenix. The technology controls the natural meiotic recombination process and generates proficiently non-genetically modified recombined yeast cells particularly for industrial strains where meiosis is impeded.
Global bioethanol yeast market
The increasing demand for bioethanol as a fuel drives growth in this market. The production of bioethanol is increasing significantly due to its surging use as car fuel. However, the global decline in the oil prices has decreased the demand for bioethanol. Some of the major fuel-consuming countries, such as Brazil and the US are extensively using bioethanol to maintain sustainability in the fuel consumption and reduce dependency on crude oil. It is projected that these countries will continue using the bioethanol during the forecast period.
The top leading vendors operating in the global yeast market are:
- AB Mauri Food
- AB Vista
- Alltech
- Chr. Hansen
- Lallemand
- Lesaffre
Other prominent vendors in the market include Bakels, Chaitanya Group of Industries, Crystal Pharma, Kothari Fermentation and Biochem, Novozymes, Puratos Group, Sagar Chemicals, Suboneyo Chemicals Pharmaceuticals, and Synergy Flavors.
A more detailed analysis is available in the Technavio report titled, ‘Global Yeast Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Baking Ingredients Market 2016-2020
- Global Cosmetic Preservatives Market 2016-2020
- Global Probiotic Drinks Market 2016-2020
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