Sarasota, FL -- (SBWIRE) -- 08/07/2018 -- The new report by the Zion Market Research on the "Yeast Market by Type (Baker's Yeast, Brewer's Yeast (Dry Yeast, Fresh Yeast, Instant Yeast, and Others), Wine Yeast, Bioethanol Yeast, Feed Yeast, and Others (Nutritional and Supplement Yeast)); by Application (Food and Beverage (Bakery, Alcoholic Beverages, Prepared Food, Non-Alcoholic, Beverages, and Others), and Feed and Others); By Form (Dry Yeast, Fresh Yeast, Instant Yeast, and Others)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017– 2026" has a vast information about the market and its potential. The global yeast market was valued at around USD 4,155 million in the year 2017 and it is expected to reach approximately USD 8,940 million by 2026. The global yeast market is expected to exhibit a CAGR of around 9% between 2018 and 2026.

The volume of the global yeast market in 2017 was around 1,120 kilotons - and it is expected to reach approximately 2,220 kilotons by 2026 with an expected CAGR of around 8% during the forecast period.

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The key factors -that are triggering the growth of the yeast market include increasing demand for convenience products and rising nutritional benefits of the yeast. Yeast is mostly used in bakery products owing to its ability to enhance flavor & taste in bread, croissants, and Danish pastries have increased the demand for yeast globally. High demand for specialized yeast, for improving the product quality of food & beverages will drive the market over the forecast period. Yeast is also used in food supplements such as probiotics. Moreover, the rise in consumer preference for natural food ingredients is expected to boost the growth of the yeast industry globally.

Our research analysts came up with the conclusion that the rising demand for organic yeast and increasing awareness concerning healthy food consumption is expected to accelerate the demand for the yeast market in the coming years.

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Baker's yeast, brewer's yeast, wine yeast, bioethanol yeast, feed yeast, and others (nutritional and supplement yeast) are the major types of yeast. The Baker's yeast segment accounted for a major share in the yeast market in 2017. The increasing consumption of fast and processed food such as bread, pizza, and other bakery products owing to changing lifestyle is expected to propel the growth of the segment over the forecast period. Since, baker's yeast is easy to culture and is readily available it is being increasingly utilized in the biological, chemical, and genetic researchers. Owing to the increased applications of the Baker's yeast this segment held the largest market share.

The food and beverage segment dominated the yeast market in 2017 by the application. The segment accounted for the more than 80% revenue share in 2017 in the global yeast market. The rising consumption of bakery food and alcohol are the key factors contributing towards the increased market share of this segment in the global market

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Dry yeast, fresh yeast, and instant yeast are the major forms of yeast which are globally available. Moreover, compressed yeast, rapid rise yeast, cream yeast, etc. are the other forms of yeast available in the market. The dry yeast accounted for the highest share in the global yeast market in 2017. Dry yeast is more popular since they are convenient to handle and have a long shelf life, and hence the segment accounted for the highest market share.

The market is growing at a significant CAGR in the developed regions. Europe registered an influential share in the yeast market in 2017. Italy, Germany, and France accounted for more than 50% of share in the Europe yeast market. In Europe, U.K. is expected to register the highest CAGR over the forecast period to reach a value of around USD 480 million by end of 2026. The increasing consumption of processed food and growing demand for nutritional yeast are the primary factors contributing towards the major share of the region in the global yeast market.

The major market players in the yeast market are Nutreco N.V., Oriental Yeast Co., Ltd., Pacific Ethanol, Inc., Synergy Flavors, Inc., Leiber GmbH, Koninklijke DSM N.V., Lallemand Inc., Alltech, Inc., Angel Yeast Co. Ltd., Archer Daniels Midland Company, Cargill, Incorporated, Chr. Hansen Holding A/S, Kerry Group Plc., Associated British Foods Plc., Bio Springer S.A., Biomin Holding GmbH, Lesaffre, LEVAPAN, and Sensient Technologies Corporation, among others.