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Yeast Market, Global Forecast, Impact of COVID-19, Industry Trends, by Type, Application, Regions, Growth, Opportunity Company Analysis

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    Report

  • 100 Pages
  • August 2021
  • Region: Global
  • Renub Research
  • ID: 5411839
Yeast is a collection of microorganisms called sac fungi that replicates using their spores as the source of reproduction. Yeast has witnessed increased application in recent years owing to the elevating demand from the end-user sectors such as food and feed. The food industry as a mass has seen a rise in fermented food products such as yoghurt, pickles, sauces, and some traditional Asian foods such as Kimchi and Kempeh. According to the report, Global Yeast Market will reach US$ 7.59 Billion by 2027.



Some of the significant types of yeast available in the global market are brewer’s yeast, baker’s yeast, wine yeast and feed yeast. Indeed, across different regions, particularly in Asia-Pacific, there is a massive market for baker’s yeast, as it is extensively utilized to enhance bakery goods' quality. The application of compressed yeasts globally in the bakery industry is growing faster due to the extended consumer inclination for convenience and packed food products. As per our analysis, Worldwide Yeast Industry is anticipated to expand at a CAGR of 8.10% during the forecast period 2020-2027.

Moreover, the commercialization of yeast has gathered forces on the back of the advancing industrial use in food and feed production, where the numerous varieties of yeasts are used as an additive. Widespread demand for bakery products in different parts of the world has offered a robust fillip to the utilization of yeasts. Contrarily, the consumption of feed yeast has also gained momentum from the rising demand for yeast-based feed commodities in the livestock industry. Focus on promoting the health of animals is the primary purpose of feeding livestock with yeast.

Some of the chief geographical markets comprise North America, Europe and the Asia Pacific. Numerous developed and developing countries in these regions have been a hotspot of opportunities for players in the global yeast market. Growing initiatives on trying new yeast recipes in home brewing and winemaking in developed countries, such as in North America, have strengthened the yeast market's growth potential.

Further, Asia Pacific has seen a rapidly rising utilization of yeast in meeting the needs of a wide diversity of bakery products. Europe has also seen strong uptake of yeast-based feed products in the wine industry. The surge in feed manufacture in European nations has eased ramped up lucrative opportunities for yeast manufacturers. The regional market is anticipated to surge at promising potential during the forecasted period. As per our estimation, it is projected that Global Yeast Market Size was US$ 4.40 Billion in 2020.

Innovations in the food and feed industry have been escalating engagement in the yeast market, with enthusiastic players nudging for getting a stronghold. Remarkable key players existing in the Global Yeast Market are Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes.

Yeast Market Key Developments

Beer connoisseurs are launching new flavours in beer with yeast. In recent months of lockdown due to the pandemic, interest in cultivating wild yeast has reinvigorated attention in the yeast market. A small number of people in evolved nations have taken to fantastic yeast starters in home brewing.

Such initiatives are no doubt stimulating interest in the potential of the yeast market. A notable trend here is the use of cell phone apps to identify the required yeast species used in home brewing. Brewing companies in the U.S. have comprehended such trends augmenting remarkable attention among beer lovers.

COVID-19 Analysis

Amidst the COVID-19 outbreak, major yeast companies focus on healthier product development to promote people’s health and wellbeing by reducing salt content, cutting saturated fats and reducing sugar. With increased time at home and the shutdown of the food outlets outside, a rediscovery of baking and making bread took off across the globe. The demand for yeast has been growing at slow rate compared with pre-COVID-19 levels and at the same as per our analysis the market growth rate will rise during forecast period.

This latest report titled “Yeast Market, Global Forecast by Types (Brewer’s Yeast, Baker’s Yeast, Wine Yeast and Feed Yeast), Application (Food, Feed and Others), Region (North America, Europe, Asia Pacific and Rest of the World), and Company (Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Group and Novozymes); provides a detailed analysis of Global Yeast Industry.

Type - Yeast Market has been covered from 4 viewpoints:

1. Brewer’s Yeast
2. Baker’s Yeast
3. Wine Yeast
4. Feed Yeast

Application - Yeast Market has been covered from 3 viewpoints:

1. Food
2. Feed
3. Others

Regions - Yeast Market has been covered from 4 viewpoints:

1. North America
2. Europe
3. Asia Pacific
4. Rest of World

Company Insights:

  • Overview
  • Company Initiatives
  • Sales Analysis

Companies Covered:

1. Associated British Foods Plc
2. Chr. Hansen Holding A/S
3. Koninklijke DSM N.V.
4. Kerry Group
5. Novozymes
Frequently Asked Questions about the Global Yeast Market

What is the estimated value of the Global Yeast Market?

The Global Yeast Market was estimated to be valued at $4.4 Billion in 2020.

What is the growth rate of the Global Yeast Market?

The growth rate of the Global Yeast Market is 8.1%, with an estimated value of $7.59 Billion by 2027.

What is the forecasted size of the Global Yeast Market?

The Global Yeast Market is estimated to be worth $7.59 Billion by 2027.

Who are the key companies in the Global Yeast Market?

Key companies in the Global Yeast Market include Associated British Foods Plc, Chr. Hansen Holding A/S, Koninklijke DSM N.V. and Novozymes.

Table of Contents


1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Yeast Market
6. Market Share
6.1 By Types
6.2 By Applications
6.3 By Regions
7. By Type
7.1 Brewer’s Yeast
7.2 Baker’s Yeast
7.3 Wine Yeast
7.4 Feed Yeast
8. By Application
8.1 Food
8.2 Feed
8.3 Others
9. By Regions
9.1 North America
9.2 Europe
9.3 Asia Pacific’s
9.4 ROW
10. Company Analysis
10.1 ASSOCIATED BRITISH FOODS PLC
10.1.1 Overviews
10.1.2 Recent Developments
10.1.3 Revenues
10.2 CHR. HANSEN HOLDING A/S
10.2.1 Overviews
10.2.2 Recent Developments
10.2.3 Revenues
10.3 KONINKLIJKE DSM N.V.
10.3.1 Overviews
10.3.2 Recent Developments
10.3.3 Revenues
10.4 KERRY GROUP
10.4.1 Overviews
10.4.2 Recent Developments
10.4.3 Revenues
10.5 NOVOZYMES
10.5.1 Overviews
10.5.2 Recent Developments
10.5.3 Revenues
List of Figure:
Figure-01: Global Yeast Market (Million US$), 2017 - 2020
Figure-02: Forecast for - Global Yeast Market (Million US$), 2021 - 2027
Figure-03: Type - Brewer’s Yeast Market (Million US$), 2017 - 2020
Figure-04: Type - Forecast for Brewer’s Yeast Market (Million US$), 2021 - 2027
Figure-05: Type - Baker’s Yeast Market (Million US$), 2017 - 2020
Figure-06: Type - Forecast for Baker’s Yeast Market (Million US$), 2021 - 2027
Figure-07: Type - Wine Yeast Market (Million US$), 2017 - 2020
Figure-08: Type - Forecast for Wine Yeast Market (Million US$), 2021 - 2027
Figure-09: Type - Feed Yeast Market (Million US$), 2017 - 2020
Figure-10: Type - Forecast for Feed Yeast Market (Million US$), 2021 - 2027
Figure-11: Application - Food Market (Million US$), 2017 - 2020
Figure-12: Application - Forecast for Food Market (Million US$), 2021 - 2027
Figure-13: Application - Feed Market (Million US$), 2017 - 2020
Figure-14: Application - Forecast for Feed Market (Million US$), 2021 - 2027
Figure-15: Application - Others Market (Million US$), 2017 - 2020
Figure-16: Application - Forecast for Others Market (Million US$), 2021 - 2027
Figure-17: North America - Yeast Market (Million US$), 2017 - 2020
Figure-18: North America - Forecast for Yeast Market (Million US$), 2021 - 2027
Figure-19: Europe - Yeast Market (Million US$), 2017 - 2020
Figure-20: Europe - Forecast for Yeast Market (Million US$), 2021 - 2027
Figure-21: Asia Pacific - Yeast Market (Million US$), 2017 - 2020
Figure-22: Asia Pacific - Forecast for Yeast Market (Million US$), 2021 - 2027
Figure-23: Rest of World - Yeast Market (Million US$), 2017 - 2020
Figure-24: Rest of World - Forecast for Yeast Market (Million US$), 2021 - 2027
Figure-25: ASSOCIATED BRITISH FOODS PLC - Global Revenue (Million US$), 2017 - 2020
Figure-26: ASSOCIATED BRITISH FOODS PLC - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-27: CHR. HANSEN HOLDING A/S - Global Revenue (Million US$), 2017 - 2020
Figure-28: CHR. HANSEN HOLDING A/S - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-29: KONINKLIJKE NOVOZYMES N.V. - Global Revenue (Million US$), 2017 - 2020
Figure-30: KONINKLIJKE NOVOZYMES N.V. - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-31: KERRY GROUP - Global Revenue (Million US$), 2017 - 2020
Figure-32: KERRY GROUP - Forecast for Global Revenue (Million US$), 2021 - 2027
Figure-33: NOVOZYMES - Global Revenue (Million US$), 2017 - 2020
Figure-34: NOVOZYMES - Forecast for Global Revenue (Million US$), 2021 - 2027


List of Tables:
Table-01: Global Yeast Market Share by Type (Percent), 2017 - 2020
Table-02: Forecast for - Global Yeast Market Share by Type (Percent), 2021 - 2027
Table-03: Global Yeast Market Share by Application (Percent), 2017 - 2020
Table-04: Forecast for - Global Yeast Market Share by Application (Percent), 2021 - 2027
Table-05: Global Yeast Market Share by Region (Percent), 2017 - 2020
Table-06: Forecast for - Global Yeast Market Share by Region (Percent), 2021 - 2027

Companies Mentioned

  • Associated British Foods Plc
  • Chr. Hansen Holding A/S
  • Koninklijke DSM N.V.
  • Kerry Group
  • Novozymes

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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