Rising demand for bakery products and demand for bio-ethanol as fuel are driving the market for yeasts. The market is also driven due to positive trends in alcoholic beverage consumption, which are among the major drivers for the yeast market.
Pune, India -- (SBWIRE) -- 07/19/2016 -- The report "Yeast Market by Type (Bakers, Brewers, Wine, Feed, Bio-ethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Species, & Specialty Yeast Market by Type (Yeast Extract, Autolysate, ß-glucan), & by Region - Global Trend & Forecast to 2021", The global yeast market is projected to reach USD 4.95 Billion by 2021 in terms aof value, at a CAGR of 8.9% from 2016 to 2021, and 3,115.2 KT in terms of volume by 2021, at a CAGR of 6.9% from 2016 to 2021. The demand for bio-ethanol yeast for fuel production and rising demand for bakery and confectionary products have been contributing to the growth in the yeast market.
Browse 171 market data Tables and 71 Figures spread through 225 Pages and in-depth TOC on "Yeast Market - Global Trend & Forecast to 2021"
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"Baker's yeast segment captured the largest market share in 2015"
The baker's yeast segment accounted for the largest share and was followed by the brewer's yeast segment in 2015. All applications considered for the yeast products are those that are commercially available and traded. In the same year, Europe accounted for the largest share in 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.
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"Fresh yeast captured the largest market share in 2015"
The growth of fresh yeast market is directly linked to the increasing trend of processed and fast food consumption, especially bakery items. Fresh yeast is extremely perishable and requires refrigeration. It is widely used in bakery products such as breads and pastries as it has good rising qualities and provides excellent taste. Europe was the largest market for fresh yeast and accounted for the maximum share in 2015. As per the emerging global trend, Asia-Pacific is presently one of the most promising markets for fresh yeast, as its demand is continuously increasing with the rise in population and changing demand of processed food products.
Significant growth for yeast & specialty yeast is observed in the Asia-Pacific region
Yeast has tremendous market opportunities in the food industry around the world. The Asia-Pacific food & beverages sector is significantly influenced by consumer preference for healthy eating, the trend of natural and organic food consumption, and the growing demand for convenience food products. The demand for yeast-based products is continuously increasing in the Asia-Pacific region due to changing lifestyles and increasing disposal income of consumers who demand more processed food such as bakery products. Increasing awareness about the health benefits derived from yeast is also the prime factor driving the demand for yeast in this region. China and India are emerging markets for baker's yeast, as its demand is continuously increasing with the increase in population and changing consumption trends of bakery products.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Associated British Foods plc (U.K.), AngelYeast Co., Ltd (China), Lesaffre Group (France), Chr. Hansen Holding A/S (Denmark), and Koninklijke DSM N.V. (The Netherlands). Other players in this segment include Lallemand Inc. (Canada), Alltech (U.S.), Leiber GmbH (Germany), Oriental Yeast Co., Ltd.(Japan), and Synergy Flavors (U.K.).
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