Yeast Market Size, Share, Trends & Forecast | 2031 (2024)

Yeast Market size was valued at USD 4362.6 million in 2019 and is poised to grow from USD 4755.65 million in 2023 to USD 9337.73 million by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

Yeast is one of the most versatile microbes, and its services are used in the pharmaceutical and food and beverage sectors to manufacture their products. It is high in protein, B vitamins, and minerals like chromium, selenium, copper, and zinc. Because of its capacity to improve fermentation and contribute aroma, taste, texture, and flavor to food, yeast is employed in the food and beverage sector. Because of its ability to successfully aid carbon release, yeast is regarded as the most consistent fermenting agent accessible globally. It is employed as a biofuel and food supplement in the biotechnology and pharmaceutical industries, respectively.

Yeast has a short shelf life and a wide range of applications in the food and beverage industries. Increased bakery and alcoholic beverage consumption is driving the global market. The global market is being shaped by an increasing preference for a healthy lifestyle, as well as the consumption of nutritious and necessary quantities of vitamins and minerals. Because it has just achieved a large client base, there is a significant need for enrichment choices. Further, organic and specialty markets have also gained substantial traction among the users owing to the wide market applications.

US Yeast Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Yeast market is segmented based on nature, type, form, genus, application, distribution channel, and region. Based on the nature, the Yeast Market is segmented into organic and conventional. Based on the type, the Yeast Market is segmented into baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast. Based on the form, the Yeast Market is segmented into active, instant, fresh. Based on the genus, the Yeast Market is segmented into saccharomyces, kluyveromyces. Based on the application, the Yeast Market is segmented into food, feed, beverages. Based on the distribution channel, the Yeast Market is segmented into offline, online. Based on the region Yeast Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Yeast Market Analysis by Type

Based on the yeast market type, it is segmented into baker’s yeast, brewer’s yeast, wine yeast, probiotics yeast. Among these, the baker’s yeast segment of the market is projected to hold the most substantial share in the market. This is due to baker's yeast's low cost and wide range of applications in industries such as food and feed. The expansion of the baker's yeast market is closely related to the increase in bakery item consumption. The rise in bakery product consumption, particularly bread, in developed nations is expected to drive the expansion of the baker's yeast industry. Furthermore, the All-India Bread Manufacturers Association (AIBMA) estimates that India's per capita bread consumption is between 1.5 and 1.75 kg. As a result, increased consumption of bakery products, notably bread, adds to the market growth of the baker's yeast segment throughout the forecast period.

Yeast Market Driver

• Yeast products are in high demand due to the expanding popularity of baking items such as bread, cakes, biscuits, cookies, and so on around the world. Changing lifestyles, increased spending capacity on food and beverages, packaged food consumption, and the appeal of baking and confectionery among consumers worldwide drive the global yeast industry. In the presence of oxygen, yeast turns sugar into energy, biomass, and carbon dioxide. Because yeast is a good source of vitamins and other dietary proteins, it can be used to make bread, cheese, vinegar, sourdoughs, fermented foods, and vegetables. Furthermore, increased vegan demand for nutritional yeast is producing revenue streams for market participants. Furthermore, an increased demand for feed has also upsurged the demand for feed yeast market; which significantly creates a scope for the market.

Yeast Market Restraint

• Despite various advantages offered by yeast, there are some factors that hinders the growth of the global market. Stringent government regulations for yeast and yeast derivative products are expected to limit the use of yeast which hinders the market growth.

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.

Yeast Market Top Player’s Company Profiles

• AB Mauri
• Lesaffre
• Angel Yeast Co. Ltd.
• Lallemand Inc.
• Koninklijke DSM N.V.
• Oriental Yeast Co. Ltd.
• Kerry Group
• Chr. Hansen Holding A/S
• Pak Group
• Biorigin
• Leiber GmbH
• Alltech Inc.
• Synergy Flavors
• Levex
• DCL Yeast Ltd.
• ICC Brazil
• Kothari Fermentation and Biochem Ltd.
• Kemin Industries Inc.
• Ohly
• Associated British Foods plc (ABF Ingredients)

Yeast Market Recent Developments

• In September 2022, Angel Yeast Co., Ltd. launched the new dry yeast product Premium Dry Yeast to address the baking challenges at Bakery China 2022 -- a global largest event serving the entire value chain for the bakery and confectionery market.

• In January 2020, Lesaffre Group established a new baking center in Abidjan, West Africa, for its subsidiary, Lesaffre Ivoire, to provide innovative bread-making solutions. This new facility would allow the company to better service its customers in West Africa, boost manufacturing capacity, and broaden its geographic reach.

• Rising demand for organic yeast will help the industry grow: With the increase in demand for organic products, consumers are gradually adding organic foods into their regular diet. Organic yeast is grown and processed using organic farming methods. Organic agriculture supplies the raw materials for yeast development. Organic yeast, as opposed to conventional yeast, uses a plant-based nitrogen source instead of ammonia or similar compounds. Various plant-derived compounds are used in the fermentation process to provide the yeast with all of the nutrition it needs to thrive. However, organic yeast has a lower value share than conventional yeast products, but it is expected to gain traction in the next years due to increased urbanization and consumer health awareness.

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, global yeast market analysis is done based on nature, type, form, genus, application, distribution channel, and region. Based on the nature, the conventional segment of the market is projected to hold a substantial share. Based on the type, baker’s yeast segment of the market is projected to hold a substantial share. Based on the form, the instant segment of the market is projected to hold a substantial share. Based on the genus, saccharomyces segment of the market is projected to hold a substantial share. Based on the application, the food segment of the market is projected to hold a substantial share. Based on the distribution channel, the online segment of the market is projected to hold a substantial share. Based on the region, the North America and Europe region are projected to hold substantial shares.