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Bakers Yeast Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 100 Pages
  • June 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4771825
UP TO OFF until Sep 30th 2023
The global bakers yeast market is expected to grow at a helathy CAGR of 5.1% during the forecast period, 2022-2027.

The COVID-19 pandemic has significantly affected the food and beverages industries across the globe. There was shift in demand for health-based food products during the pandemic and consumers started adopting healthier lifestyle and nutrients in their daily meal. The demand for bakery products reduced with increased focus on healthy food and reduction in high-sugar and high-calorie based foods by people across the globe, negatively impacting demand for baker's yeast. On the other hand, with increased time at home and shutdown of the food outlets outside, a rediscovery of baking and making bread took off across the globe, which is driving increased demand for baker's yeast as compared with pre-COVID-19 levels.

The increasing demand from the end-user sectors, such as food and beverages, is significantly contributing to the growth of the yeast market. There is a huge market for bakers yeast, as it is extensively used for enhancing the quality of bakery goods. Application of compressed yeasts in the bakery industry is growing at a faster rate, due to the increased consumer preference for convenience and packed food products.

The increasing demand for organic yeast offerings is one of the key trends in the yeast market. Organic food ingredients are gaining traction, owing to the health benefits associated with organic products. Several key vendors are launching organic yeast, for example, Biospringer (Lesaffre) launched Springer Organic Baker’s Yeast Extract in 2016.

Key Market Trends

Increasing Demand For Bakery Products

Packed baked goods, such as cake, are expected to witness significant demand in the upcoming years, owing to the rising preference for eating packed cakes as snack, mainly among children across the world. Pizza consumption has been trending at its highest level in the past four years and is showing growth in pizza-focused concepts across channels, which is also expected to drive the demand for baker’s yeast during the forecast period. Bread and bakery product sales have been driven by the ongoing surge in demand for free-from ranges and specialty bread and the impact of inflation on retail prices, which is further driving the demand for baker’s yeast in bread and bakery product application.

Europe Remains the Largest Region in Baker's Yeast Market

The European bakery market are well-established in terms of the supply chain, product array, distribution channels, and consumer preferences. Innovations and new product development are increasingly observed in the indulgence categories, like cakes, pastries, and cookies. Increasing demand for processed foods, coupled with increasing awareness about health-conscious products is significantly propelling the growth of the baker's yeast market in the European region, which is in turn, driving the growth of the market studied. Several health-claims associated with bakery products, like “organic”, “no additives/preservatives”, and “low/no/reduced allergen”, etc., have been attracting higher sales, as the baby-boomer generation is extremely health conscious, and thus, they tend to dictate the purchasing scenario of bakery products in the region.

Competitive Landscape

The global bakers yeast market is moderately consolidated with some global players, like Associated British Foods PLC (ABF), Lesaffre International, Lallemand Inc., and various regional players majorly from the European region. Companies, such as Lesaffre International, even have an organic range of baker’s yeast, and claims optimum performance in the long-term. This offers an edge to the companies in the international market, especially within Europe. Expansion remained the most preferred strategy in the global baker yeast market, with companies continuously expanding their production capacity and distribution network.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Form
5.1.1 Liquid/ Cream Bakers Yeast
5.1.2 Solid Bakers Yeast
5.1.3 Dry or Powdered Bakers Yeast
5.1.4 Other Forms
5.2 Geography
5.2.1 North America United States Canada Mexico Rest of North America
5.2.2 Europe Germany United Kingdom France Italy Russia Spain Rest of Europe
5.2.3 Asia -Pacific India Australia China Japan Rest of Asia-Pacific
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle East & Africa United Arab Emirates South Africa Rest of Middle East & Africa
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Associated British Foods PLC
6.3.2 Kothari Fermentation And Biochem Ltd
6.3.3 Angel Yeast Co. Ltd
6.3.4 Lesaffre International
6.3.5 LALLEMAND Inc.
6.3.6 Oriental Yeast India Pvt Ltd
6.3.7 Goodrich Group
6.3.8 Fadayeast.Com
6.3.9 AGRANO Gmbh & Co. KG

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Associated British Foods PLC
  • Kothari Fermentation And Biochem Ltd
  • Angel Yeast Co. Ltd
  • Lesaffre International
  • Oriental Yeast India Pvt Ltd
  • Goodrich Group
  • Fadayeast.Com
  • AGRANO Gmbh & Co. KG