Bioethanol Yeast Global Market Report 2024

The bioethanol yeast market size has grown rapidly in recent years. It will grow from $17.81 billion in 2023 to $20.14 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. Historical growth can be attributed to rising demand for renewable energy, government policies and mandates, escalating concerns about environmental impact, expansion of biofuel production facilities, and advancements in yeast strain development.

The bioethanol yeast market size is expected to see rapid growth in the next few years. It will grow to $33.99 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. Forecasted growth relies on renewable energy focus, biofuel blending mandates, fermentation tech innovations, global biofuel industry expansion, and collaborative market partnerships. Major trends include R&D collaborations, co-fermentation strategies, NGS adoption, developing region market expansion, and regulatory support for biofuels.

The anticipated rise in the consumption of bakery products and alcoholic beverages is expected to drive the growth of the bioethanol yeast market in the future. Bakery products and alcoholic beverages encompass a range of food items crafted from fermented sugars found in fruits, grains, and other ingredients, enhancing taste and texture. Bioethanol yeast plays a crucial role in the preparation of various bakery foods, including yeast-leavened bread and rolls, contributing to the desired flavor, texture, and improved nutritional profile. Additionally, yeast fermentation is a key process in the production of alcoholic beverages such as beer, whisky, and wine, contributing to increased alcohol content. For instance, a report published by the US Bureau of Labor Statistics in September 2022 highlighted a 15.9% increase in spending on alcoholic beverages in 2021 compared to the previous year. The report also noted a substantial 69.4% growth in expenditure on alcohol outside the home, showcasing changing consumer habits. Furthermore, a trend sector analysis by the Government of Canada revealed that retail sales of baked products experienced a compound annual growth rate (CAGR) of 4.6% from 2017 to 2021, reaching a global value of US$407.2 billion. The surge in the consumption of bakery products and alcoholic beverages is a key driver propelling the growth of the bioethanol yeast market, as this yeast variety remains integral to the production processes of these widely consumed items.

The projected increase in the global population is anticipated to drive the growth of the bioethanol yeast market in the coming years. As population figures rise, there is a growing emphasis on the exploration and utilization of alternative and sustainable energy sources. This emphasis contributes to an increased demand for bioethanol, a renewable fuel produced through fermentation processes involving bioethanol yeast. For example, data from the French Institute for Demographic Studies (INED) in July 2022 revealed that the global population reached approximately 8 billion in 2022 and is expected to reach 9.7 billion by the year 2050. This significant population growth underscores the heightened need for sustainable solutions to meet the energy demands associated with an expanding populace. The increasing global population acts as a driving force behind the growth of the bioethanol yeast market, as bioethanol remains a crucial component in the pursuit of sustainable and eco-friendly energy alternatives.

Product innovations are emerging as a prominent trend in the bioethanol yeast market, with major companies prioritizing research and development to introduce novel solutions and maintain their market positions. An illustrative example is the launch of Innova Quantum by Novozymes A/S, a biotechnology company based in Denmark, in October 2021. Innova Quantum represents a comprehensive fermentation solution that includes advanced yeast and customized enzyme solutions. Innova Quantum stands out among yeast varieties due to its notable advantages, such as a 2-3% increase in ethanol yield and a reduced need for yeast nutritional supplements. Furthermore, it demonstrates the capability to extend fermentation times to 60 hours or more, contributing to higher ethanol yields and improved processing efficiencies for ethanol plants. This product innovation highlights the industry's commitment to enhancing the performance and efficiency of bioethanol production through the development of cutting-edge solutions such as Innova Quantum.

Major companies in the bioethanol yeast market are directing their efforts towards the development of innovative solutions, including the introduction of yeast analysis web apps. A "Yeast Analysis Web App" typically refers to an online application or platform designed for the analysis of yeast-related data and information. As an example, in October 2023, Oculyze GmbH, a technology company based in Germany, launched the 'Oculyze Bioethanol Web App. The Oculyze Bioethanol Web App is designed to revolutionize yeast analysis and fermentation optimization, streamlining the entire process for increased speed, precision, and cost-effectiveness. This online application automatically and rapidly analyzes the concentration, viability, and budding count of bioethanol yeast cells, marking a significant advancement compared to conventional manual counting techniques. Key features of the application include speedy and accurate yeast cell analysis, separation of clumped cells, a pitch rate calculator, fermentation tracking, automated and customized documentation, reliable results every time, and a potential shake-up in bioethanol production processes. This focus on developing innovative solutions such as yeast analysis web apps reflects the commitment of major companies to advancing technology and improving efficiency in bioethanol production within the bioethanol yeast market.

In August 2021, Angel Yeast Co, a China-based food company specializing in yeast biotech, completed the acquisition of Bio Sunkeen Co for a deal valued at US$15.4 million. The strategic objective of this acquisition is to enhance Angel Yeast's production capacity and expand its global market presence by leveraging its technological capabilities in the yeast market. Shandong Bio Sunkeen Co, the acquired entity, is a China-based company focused on bioethanol yeast, including yeast extract.

Major companies operating in the bioethanol yeast market report are Kagome Co. Ltd., Cargill Incorporated, Archer-Daniels-Midland Company, Associated British Foods PLC, Ohly, Koninklijke DSM N.V, Kerry Group PLC, POET LLC, Groupe Soufflet, Green Plains Inc., Lesaffre, Novozymes A/S, Angel Yeast Co. Ltd., Alltech, Sensient Technologies Corporation, ICC Brazil, Lallemand Inc., Alto Ingredients, Chr. Hansen A/S, Leiber GmbH, Corbion, Kemin Industries Inc., Algol Chemicals, Puratos Group, LanzaTech, BIORIGIN, Algist Bruggeman NV, Kothari Fermentation and Biochem Ltd., Omega Yeast Labs LLC, Foodchem International Corporation, AB Mauri, Oriental Yeast Co. Ltd., Pacific Ethanol Inc., Fermentis (Société Industrielle Lesaffre)

Europe was the largest region in the bioethanol yeast market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global bioethanol yeast market during the forecast period. The regions covered in the bioethanol yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bioethanol yeast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Bioethanol yeast comes in two primary forms such as yeast extract and autolyzed yeast. Yeast extract, obtained through autolysis and hydrolysis techniques from fresh yeast, serves as a vital organic nitrogen source in bioethanol fermentation processes. The predominant yeast genera utilized include saccharomyces and kluyveromyces, available in active, instant, and fresh variants. These yeasts find diverse applications across industries, including food production, animal feed, biofuel generation, cleaning and disinfection, among others.

The bioethanol yeast market research report is one of a series of new reports that provides bioethanol yeast market statistics, including bioethanol yeast industry global market size, regional shares, competitors with a bioethanol yeast market share, detailed bioethanol yeast market segments, market trends and opportunities, and any further data you may need to thrive in the bioethanol yeast industry. This bioethanol yeast market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bioethanol yeast market consists of sales of saccharomyces and kluvveromvces bioethanol yeast. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.