Reports > Consumer Goods And Retailing > Yeast Ingredients Market Report
Yeast Ingredients Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Yeast Ingredients market, covering market size, growth projections, segmentation, and trends from 2023 to 2033. Insights into regional performances and key industry players will also be discussed.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.50 Billion |
| CAGR (2023-2033) | 6.2% |
| 2033 Market Size | $6.48 Billion |
| Top Companies | Lesaffre, Angel Yeast Co., Ltd., Chr. Hansen A/S, AB Mauri |
| Last Modified Date | 15 Nov 2024 |
Yeast Ingredients Market Report (2023 - 2033)
Yeast Ingredients Market Overview
What is the Market Size & CAGR of Yeast Ingredients market in 2023?
Yeast Ingredients Industry Analysis
Yeast Ingredients Market Segmentation and Scope
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Yeast Ingredients Market Analysis Report by Region
Europe Yeast Ingredients Market Report:
Europe is a key market for yeast ingredients, with a valuation of approximately $1.08 billion in 2023 expected to double to $2.00 billion by 2033. The region's well-established bakery and brewing sectors and a growing focus on health foods contribute to its growth.Asia Pacific Yeast Ingredients Market Report:
The Asia Pacific region is witnessing significant growth, with the market projected to increase from $0.60 billion in 2023 to $1.11 billion by 2033. The expanding food and beverage sector, along with rising disposable incomes and changing dietary habits, are primary drivers of growth in countries like China and India.North America Yeast Ingredients Market Report:
The North American yeast ingredients market is anticipated to grow from $1.33 billion in 2023 to $2.47 billion by 2033. Influenced by a strong health and wellness trend, consumers are increasingly turning to nutritional yeast and natural ingredients in their diets.South America Yeast Ingredients Market Report:
In South America, the yeast ingredients market is estimated to grow from $0.15 billion in 2023 to $0.28 billion by 2033. The increasing demand for baked goods, particularly in Brazil and Argentina, is fueling market expansion in this region.Middle East & Africa Yeast Ingredients Market Report:
The Middle East and Africa yeast ingredients market is projected to expand from $0.34 billion in 2023 to $0.63 billion by 2033. The increasing population and rising urbanization in countries such as South Africa and Saudi Arabia are driving demand for yeast in food applications.Request a custom research report for industry.
Yeast Ingredients Market Analysis By Type
Global Yeast Ingredients Market, By Type Market Analysis (2023 - 2033)
The market is primarily segmented by type into liquid, dry, and paste forms. Liquid yeast dominates the market, holding a 65.22% share in 2023 and expected to grow to 65.22% by 2033. Dry yeast, with a 25.29% market share, is also projected to grow from $0.89 billion in 2023 to $1.64 billion by 2033. Paste varieties are smaller, currently valued at $0.33 billion, anticipated to increase to $0.62 billion due to niche market demands.
Yeast Ingredients Market Analysis By Application
Global Yeast Ingredients Market, By Application Market Analysis (2023 - 2033)
By application, the yeast ingredients market is segmented into bakeries, breweries, health and nutrition, pharmaceuticals, and animal feed. Bakeries are the largest segment, holding a 65.22% market share with continued growth driven by rising consumer demand for baked products. Breweries take up 25.29%, while health and nutrition products, alongside pharmaceuticals, stand at 9.49%.
Yeast Ingredients Market Analysis By Form
Global Yeast Ingredients Market, By Form Market Analysis (2023 - 2033)
The market is divided into three main forms: liquid, dry, and paste. Liquid yeast is predominant due to its widespread use in commercial baking and brewing, driving its market size from $2.28 billion in 2023 to $4.23 billion by 2033. Dry yeast follows, growing from $0.89 billion to $1.64 billion, while paste yeast exhibits smaller increments, from $0.33 billion to $0.62 billion.
Yeast Ingredients Market Analysis By End User
Global Yeast Ingredients Market, By End-User Market Analysis (2023 - 2033)
This segment covers applications in food & beverage, pharmaceuticals, and animal feed. The food & beverage sector is the largest consumer of yeast ingredients, projected to dominate overall market shares driven by the baking and brewing industries, accounting for approximately 65.22% of the market. Pharmaceuticals make up 25.29%, focusing on health-related applications, while animal feed is slowly rising at 9.49%.
Yeast Ingredients Market Analysis By Region
Global Yeast Ingredients Market, By Region Market Analysis (2023 - 2033)
Geographical segmentation shows North America and Europe leading in market size, with growing shares in Asia-Pacific and South America. North America is expected to hold 42.94% share fueled by health trends, while Europe comprises 24.44% with a strong bakery sector. Emerging markets in the Asia Pacific region will continue expanding their yeast consumption, targeting both mass and niche segments.
Yeast Ingredients Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Yeast Ingredients Industry
Lesaffre:
Lesaffre is a leading global key player in the yeast industry known for its innovative yeast production technologies and a wide range of yeast products used in baking, brewing, and nutritional supplements.Angel Yeast Co., Ltd.:
Angel Yeast is a major producer and supplier of yeast products globally, specializing in baking and brewing yeasts as well as nutritional yeast, promoting health and wellness benefits.Chr. Hansen A/S:
Chr. Hansen develops and manufactures natural ingredients, including yeast, primarily focusing on food cultures and enzymes for the food and beverage industries.AB Mauri:
AB Mauri specializes in bakery ingredients and yeast products, admired for innovation and sustainability in the baking industry, enhancing the quality of baked goods worldwide.We're grateful to work with incredible clients.
