Yeast Market Research Report: Information By Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Feed Yeast, Bioethanol Yeast, And Others), Form (Dry, Instant, Fresh, And Others) Application (Foods, Beverages, Feed, Others) Region

Pune, India -- (SBWire) -- 12/12/2019 --Yeast Market Scenario

Global Yeast Market is in a constant growth owing to persistent demand and prosperity of end-user industries such as food & beverages, and pharmaceuticals, among others. According to Market Research Future (MRFR), the global Yeast Market is expected to garner a valuation of USD 5398.5MN by the end of 2023. In its recently published analysis, MRFR also asserts that the market would register a CAGR of over 8.86% over the assessment period (2017-2023)

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Extensive uptake of yeast owing to its criticality in its end users is the key driving force behind the substantial market demand. New product development and expanding application profile, such as the growing adoption of biofuels represents an attractive market opportunity for the market. The recent advances in biofuel technology, such as the development of biofuels using marine yeast would provide a new avenue for the market. Yeast is also finding growing applications in the production of animal feed.

Bioengineered yeast is another green ocean strategy that can yield high benefits. Bioengineered yeast is being developed to produce medicines when chemical pathways are difficult or expensive. By inserting genes of other plants or bacteria into the yeast, they can be designed and coded for use in the environment, restricting the growth of common yeast cells. The bioengineered yeasts can have higher efficiency than conventional yeast.

Industry/ Innovation/ Related News

Mar 21, 2019---- Toyota is expected to launch yeast strains for US cellulosic ethanol. Lallem and Biofuels & Distilled Spirits (LBDS), signed an agreement with Toyota for the production and marketing of Toyota's XyloAce yeast strains aimed at the cellulosic ethanol production industry in the US. XyloAce is highly efficient fermenting xylose and arabinose. Moreover, it is also claimed to be highly resistant to fermentation-inhibiting substances such as acetic acid. It has one of the highest ethanol fermentation density levels in the world, resulting in increased profitability for cellulosic ethanol producers.

Major Players

Players leading the global Yeast Market include Koninklijke DSM NV (The Netherlands), Associated British Foods PLC (UK), Angel Yeast (China), Synergy Flavors (US), Lallemand Inc. (Canada), Leiber GmbH (Germany), Kothari Fermentation and Biochem Ltd. (India), Kerry Group PLC (Ireland), Omega Yeast Labs, LLC (US), Oriental Yeast Co., Ltd. (Japan), Pak Group (US), Lesaffre (France), Novozymes (Denmark), BSG CraftBrewing (US), Chr. Hansen A S (Denmark), among others.

Global Yeast Market – Segments

MRFR has segmented the report into four dynamics to widen the scope of understanding,

By Type Baker's Yeast, Brewer's Yeast, Wine Yeast, Feed Yeast, Bioethanol Yeast, and others.

ByForm : Dry, Instant, Fresh, and others.

By Application : Foods, Beverages, Feed, and others.

By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.

Global YeastMarket – Regional Analysis

Europe accounted for the highest market share of 33.02% in 2017 in the global yeast market. Europe is also expected to continue dominating the largest market share in the future. High consumption of bakery goods and fermented beverages owing to the large presence of industries such as dairy, beverages in nations like Germany, France, and Italy is driving the persistent high market share of the Europe yeast market. The strong tradition of fermented products is expected to sustain the dominance of Europe yeast market.

The North American market is projected to drive faster growth of 9.52% owing to the recent positive trends in probiotic nutrients and the expansive demand for yeast from the animal feed industry. The Asia Pacific Yeast Market is growing and is expected to emerge as a promising market. Growing dairy consumption and the burgeoning beverage industry is providing new avenues to the growth of the regional market.

Global Yeast Market – Competitive Landscape

The Yeast Market is highly fragmented and consecutively highly competitive due to the presence of several big and small players. However, the critical function of yeast play in the production process helps sustain a long-term relationship between the manufacturers and the suppliers. The high dependence of end-product quality on the yeast culture makes quality consideration top the buying decision of end-users. Thus, long term collaboration with end-users helps sustain the price of the yeast.

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Manufacturers of yeast use a variety of distributions and appropriate modifications to ensure high quality and consistency of the product. Horizontal market development is the prime strategy used by firms in the market. Manufacturers possess state of the art labs and production units to eliminate the chances of cross-contamination and the negative domino effect produced. They are also investing in strong sales, climate-controlled distribution network to validate the quality of their product to the end-user.