Yeast Market Expected to Hit 4.3 Billion USD by 2020
The market for yeast & specialty yeast products has a significant impact on food and beverage production. Yeast & specialty yeast products are gaining importance due to their usage in high demand commodities. The yeast market is projected to reach USD 4.3 Billion by 2020, at a CAGR of 9.0%, as studied from 2015 to 2020.
Pune, India -- (SBWire) -- 09/21/2015 --The report "Yeast Market by Type (Baker's, Brewer's, Wine, Feed, Bio-ethanol), Form (Dry, Instant, Fresh), Application (Food, Feed) & Specialty Yeast Products Market by Type (Yeast Extract, Autolysate, ß-glucan) & Region - Global Trend & Forecast to 2020" defines and segments the yeast market with analyses and projections of the size of the market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, and challenges. The market is segmented and the value is projected, on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW). Key countries—the U.S., France, Spain, Germany Brazil, Japan, India, and China—are covered and their market is projected for the next five years.
Browse 166 tables and 66 figures spread through 206 Pages and in-depth TOC on "Yeast Market - Global Trend & Forecast to 2020"
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The value of the yeast market is estimated to be USD 2.8 Billion in 2015 and USD 4.3 Billion by 2020, is projected to grow at a CAGR of 9.0% during the review period. In terms of value, the global market is valued at 2087.5 KT in 2015 with a CAGR of 7.1% forecast to 2020. The market for specialty yeast products is estimated to be USD 1.7 Billion in 2015, at a CAGR of 6.9% In this report, the yeast market is segmented on the basis of form, type, application, and region and is analyzed in terms of value (USD million) and volume (Kilo tons). The specialty yeast products marketed is also segmented on the basis of type and region, with country level market data.
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Baker's Yeast: Largest market segment
The baker's yeast segment accounted for the largest share and was followed by the brewer's yeast segment in 2014. All applications considered for the yeast products are such those that are commercially available and traded. In the same year, Europe accounted for the largest share of the baker's yeast segment. North America contributed the second-largest share. The demand for baker's yeast is driven by the growth in demand for high value baked goods such as cakes and cookies which are marketed globally by large companies.
Yeast Market & Specialty Yeast Products Market, by type
The yeast market consists of the following types: Baker's Yeast, Brewer's Yeast, Wine Yeast, Bio-ethanol Yeast, Feed Yeast. The specialty yeast products market consists of the following types Yeast Extract, Yeast Autolysates, Yeast Beta Glucan Market and Other Yeast Derivatives. The market revenue for yeast in the bakery industry accounted for the largest share in 2014, and was followed by the alcoholic and nutritional supplements in the same year. For bakery industry, Europe was the largest market for yeast in 2014.
The demand for yeast and specialty yeast products is increasing in the market due to its development into varieties of yeast which can have several uses. Multi-national corporations are investing in the research of developing new yeast strains on a global scale, because it is one of the fastest growing markets in the food industry. Existing companies are actively introducing new yeast fermented products and types with different applications to meet the expected demand of the market for baked goods and alcoholic beverages. The use of yeast in the production of bio-ethanol is an opportunity for this market as in recent times there is a requirement for cleaner fuel sources. Regulatory authorities are encouraging producers to use it as an additive in petrol.
Companies such as Alltech Inc. (U.S.), Associated British Foods Plc (U.K.), CHR Hansen A/S (Denmark), Leiber GmbH (Germany), Lesaffre (France), Lallemand (Canada) are the key players of the yeast market. These companies use various strategies to make their products unique, product specific and of premium quality to cater to the varying markets in the food and beverage industry.
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