Sarasota, FL, Aug. 31, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Yeast Market by Form (Instant, Fresh and Dry Yeast), by Type (Brewers, Bakers, Bio-ethanol, Wine, Feed and Other type), by Specialty Yeast (Yeast Autolysis, Yeast Extract and ß-glucan) for Food and feed: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for yeast market was valued at over USD 2.96 billion in 2015, is expected to reach above USD 4.86 billion in 2021 and is anticipated to grow at a CAGR of above 8.6 % between 2016 and 2021.
Yeast is the single celled eukaryotic organisms classified into fungus kingdom. Yeast is aerobic, anaerobic or facultative in nature and can grow in acidic conditions. It is present on all living cells including small intestine. Edible yeast is non toxic and has properties like rising which helps in fermenting and resulting in great taste. Some of the major applications of yeast are baking, brewing, fermentation, bioremediation, industrial fuels and nutritional supplements.
Browse 60 Market Tables and 31 Figures spread through 110 Pages and an in-depth TOC on "Yeast Market - Global Size, Shares, Trends, Segment & Forecast to 2021”
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Increasing demand for yeast from the bakery due to high consumption of bakery products drives the yeast market. Other factors contributing to the growth of yeast market are surging use of specialty yeast in the processed and packed food. Also, high demand of bio-ethanol as fuel stimulates the growth of the market. Growing demand for alcoholic beverages has led to high production of wine and other beverages in turn increase the demand for yeast. Though, yeast based products have low shelf life and allergies caused due to consumption of some yeast species may hinder the growth of market. Specialty yeast contains MSG; therefore stringent regulations are led by the government on its use. Nevertheless, untapped opportunities for the use of yeast in various industries are likely to open new avenues for the yeast market in the coming years.
Based on yeast form the yeast market can be segmented as instant yeast, fresh yeast and dry yeast. Fresh yeast is considered to be the potential segment owing to high use of fresh yeast in bakery product mainly in breads and puffs due to great taste and high rising properties. Further the yeast can be segmented on the basis of type that are brewers, bakers, bio-ethanol, wine, feed and other types. Bakers and brewers are the leading segments due to high use of yeast in this industrial sector. Yet, wine and feed are likely to show high growth prospects in the coming years.
Browse the full "Yeast Market by Form (Instant, Fresh and Dry Yeast), by Type (Brewers, Bakers, Bio-ethanol, Wine, Feed and Other type), by Specialty Yeast (Yeast Autolysis, Yeast Extract and ß-glucan) for Food and feed: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/yeast-market
Specialty yeast is product originating from natural food yeast, which is used for nutrition, health and taste. Some of the key specialty yeast are yeast autolysis, yeast extract and ß-glucan. Yeast is majorly used in food and feed industry. Food segment is the most prominent market segment due to high use of yeast in food industry such as bakery, wine and breweries.
North America dominated the yeast market and is estimated to experience moderate growth rate in the forecast period due to saturation of the market. Further, key players are moving towards the Asia Pacific and Latin America. Feed yeast market is driven by high per capita consumption of meat. Feed yeast is cost efficient as compared to the other conventional feed supplements and are considered to be less harmful then antibiotics. Europe is the second largest market for yeast due to high consumption of bakery products. Europe accounted for approximately 30% of total share of yeast market. However it is projected that Europe will have sluggish growth over the period due to the mature feed yeast market.
Asia Pacific is witnessing an unprecedented boom for yeast industry in recent times. This is mainly contributed by increasing demand for processed food and rising disposable income from the emerging countries such as India and China. Asia Pacific accounted for around 26% of total global share of yeast market in 2015. The market in India and China is said to maintain its position owing to high demand for bakery products and alcoholic beverages. Asia Pacific is one of the top producers for feed yeast market. Factors supporting the growth of yeast market in this region are changing lifestyle, increasing disposable income resulting in high expenditure for the processed, packed and baked food. Also high nutritional content and great taste shift the preference over the conventional food to the baked fermented foods items.
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Latin America is anticipated to grow at higher rate owing to the shift in preference. Easy availability of processed and baked food in Latin America fuels the growth of yeast market. There has been tremendous demand for wine and alcoholic beverages in Brazil which results in growth of brewer and wine industry in turn grows the market for yeast in Latin America. Middle East and Africa are likely to show decent growth in the near future due to improving living standards, developing economy and accessibility of raw materials.
Presence of various vendors in the market forces the companies to focus on R&D for innovative and cost effective products. AngelYeast Co., Ltd, Koninklijke DSM N.V., Synergy Flavors, Leiber GmbH, Chr. Hansen Holding A/S, Associated British Foods plc, Lallemand Inc., Oriental Yeast Co., Ltd., Alltech and Lesaffre Group among others are some of the major players in the yeast market.
This report segments the yeast market as follows:
Yeast Market: Form Segment Analysis
- Instant yeast
- Fresh yeast
- Dry yeast
Yeast Market: Type Segment Analysis
Yeast Market: Specialty Type Segment Analysis
- Yeast autolysis
- Yeast extract
Yeast Market: Application Segment Analysis
Yeast Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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