Yeast Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the global yeast market from 2023 to 2033, discussing market size, growth rates, trends, region-specific insights, and industry leaders. It aims to equip stakeholders with vital data for informed decision-making.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.20 Billion |
| CAGR (2023-2033) | 7.3% |
| 2033 Market Size | $10.73 Billion |
| Top Companies | Lesaffre, AB Mauri, Angel Yeast, Bakery Sensation |
| Last Modified Date | 15 Nov 2024 |
Yeast Market Report (2023 - 2033)
Yeast Market Overview
What is the Market Size & CAGR of Yeast market in 2023?
Yeast Industry Analysis
Yeast Market Segmentation and Scope
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Yeast Market Analysis Report by Region
Europe Yeast Market Report:
Europe's yeast market was valued at $1.64 billion in 2023, with projections to grow to $3.39 billion by 2033. This growth is attributed to a well-established food processing industry and rising health consciousness among consumers.Asia Pacific Yeast Market Report:
In 2023, the Asia Pacific yeast market was valued at $0.98 billion, projected to grow to $2.03 billion by 2033. The demand is primarily driven by rapid urbanization, increasing disposable income, and expanding food and beverage industries.North America Yeast Market Report:
North America held a market size of $1.84 billion in 2023, expected to reach $3.81 billion by 2033. The growth is influenced by strong consumer demand for natural and organic products and innovations in fermentation technologies.South America Yeast Market Report:
The South American yeast market was valued at $0.35 billion in 2023, with forecasts suggesting growth to $0.72 billion by 2033. The expanding baking and brewing industries are contributing to this growth.Middle East & Africa Yeast Market Report:
In 2023, the Middle East and Africa yeast market was valued at $0.38 billion, growing to $0.79 billion by 2033. The market is bolstered by increasing bakery production and a growing population leading to enhanced food consumption.Request a custom research report for industry.
Yeast Market Analysis By Product Type
Global Yeast Market, By Product Type Market Analysis (2023 - 2033)
In 2023, the market size for various product types was as follows: Active Dry Yeast at $2.74 billion, Liquid Yeast at $1.22 billion, Fresh Yeast at $0.64 billion, and Nutritional Yeast at $0.60 billion. By 2033, Active Dry Yeast is expected to grow to $5.66 billion, Liquid Yeast to $2.52 billion, Fresh Yeast to $1.33 billion, and Nutritional Yeast to $1.23 billion, driven by increasing demand for convenience and health-oriented food products.
Yeast Market Analysis By Application
Global Yeast Market, By Application Market Analysis (2023 - 2033)
The baking application dominates the yeast market, with a size of $2.38 billion in 2023, projected to reach $4.91 billion by 2033. Brewing follows with $1.19 billion in 2023, predicting growth to $2.46 billion. Winemaking and bioethanol production applications are also growing, highlighting the diverse applications of yeast across several industries.
Yeast Market Analysis By Strain Type
Global Yeast Market, By Strain Type Market Analysis (2023 - 2033)
The strain type segmentation shows that Saccharomyces yeast is leading with a market value of $4.20 billion in 2023, anticipated to grow to $8.67 billion by 2033, while Non-Saccharomyces strains, valued at $1.00 billion in 2023, are expected to increase to $2.06 billion as interest in varied fermentation processes rises.
Yeast Market Analysis By Region Market
Global Yeast Market, By Region Market Market Analysis (2023 - 2033)
The regional analysis provides insights into the distinct market trends and demand drivers across Asia Pacific, North America, Europe, South America, and the Middle East and Africa, helping stakeholders understand the competitive landscape effectively.
Yeast Market Analysis By Distribution Channel
Global Yeast Market, By Distribution Channel Market Analysis (2023 - 2033)
The sales distribution channels are classified into online and offline. The online segment is growing rapidly, contributing $4.20 billion in 2023 and forecasted to reach $8.67 billion by 2033, while the offline segment is anticipated to expand from $1.00 billion to $2.06 billion, reflecting the evolving consumer purchasing behaviors.
Yeast Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Yeast Industry
Lesaffre:
A global player in the yeast market, Lesaffre specializes in fermentation products and is recognized for its high-quality yeast strains used in baking, brewing, and bioethanol production.AB Mauri:
AB Mauri offers a range of yeast and bakery ingredients, focusing on innovation to meet evolving consumer demands and sustainability in fermentation technologies.Angel Yeast:
Angel Yeast is headquartered in China and is one of the largest yeast manufacturers in Asia, known for its diverse product range and significant market share in the global industry.Bakery Sensation:
Bakery Sensation provides premium yeast products tailored for professional bakers, contributing to the industry's growth through quality assurance and customer-focused services.We're grateful to work with incredible clients.
