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The global market for yeast & yeast extracts has witnessed continued demand during the last few years and is projected to reach USD 7.88 billion at a CAGR of 9.1% during the forecasted period 2020 to 2024. Increase in versatile demand across various industries including food and beverages, animal feed, pharmaceuticals and academics & research Institutes will continue to drive the yeast and yeast extracts market in the coming decade. Higher demand from the downstream markets and higher availability of various products during the fermentation process will support the yeast market growth in the coming years. In addition to it, increased adoption of biofuels will also drive demand for yeast.
The yeast market, based on type, is segmented into baker’s yeast, brewer’s yeast, and wine yeast. The baker’s yeast segment dominated the market share and the brewer’s yeast segment is projected to grow at the highest CAGR during the forecast period. The yeast and yeast extracts market, based on application, and is segmented into food and beverages, animal feed, pharmaceuticals and for Academics & Research Institutes studies. Food and beverages finds a significant application for yeast usage and is projected to grow at the highest CAGR during the forecast period.
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Major Key Players
This report includes a study of strategies such as mergers and acquisitions, product launches by the major yeast and yeast extract market players. It further includes product portfolios, developments of leading major players which includes.
- Angel Yeast Co., Ltd
- DSM N.V
- Kerry Group
- LESAFFRE Group
- British Foods Plc
- LEIBER GMBH
- Shaanxi GUANJIE Technology Co., Ltd
- Synergy Flavors and
- LALLEMAND Inc
- The global Yeast and Yeast Extract Market is projected to USD 7.88 billion by 2024
- Bakers segment accounted for the largest market share in 2015 growing at CAGR of 8.9%
Study Objectives of Yeast and Yeast Extract Market Forecast to 2024
- Detailed analysis for individual micro and macro markets for yeast and yeast extract
- To estimate market size by type, form, yeast extract product type application and region
- To understand the supply and demand dynamics of yeast and yeast extract
- To provide region level market analysis and future outlook for U.S., Europe, China, Japan, and South-East Asia
- Company profiling of major players & competitive positioning for the yeast and yeast extract market
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