Fresh Compressed Yeast Global Market Report 2024

The fresh compressed yeast market has grown strongly in recent years. It will grow from $4.64 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to bakery industry growth, staple in traditional baking methods, food processing industry expansion, rising population and urbanization, health consciousness and natural ingredients.

The fresh compressed yeast market is expected to see strong growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The forecasted growth in the upcoming period can be ascribed to the development of specialty and artisanal baked goods, the expansion of quick-service restaurants, advancements in gluten-free and allergen-free product offerings, the global consumption of baked goods, and the increasing prevalence of e-commerce in food ingredient sales. Noteworthy trends expected in the forecast period encompass research focused on yeast strain development, the adoption of sustainable and eco-friendly practices, advancements in microbial fermentation technologies, and innovations in packaging technology.

The anticipated growth in the fresh compressed yeast market is driven by the increasing demand for bakery products. Bakery products, including cookies, cakes, pastries, bread, and pies, are integral to the food industry. Fresh compressed yeast plays a crucial role in the baking of items such as bread and rolls. Despite its short shelf life, fresh compressed yeast is a key ingredient in various yeast-raised baked goods. For instance, according to statistics from Euromonitor International published on the Government of Canada's official website in October 2022, retail sales of baked goods in the US reached $67.9 billion in 2021 and are projected to reach $75.8 billion in 2026. Hence, the escalating demand for bakery products is a significant factor driving the growth of the fresh compressed yeast market.

The increasing demand in the beverage industry is expected to contribute to the growth of the fresh compressed yeast market. The beverage industry encompasses the production, distribution, and sale of various beverages for human consumption. Fresh compressed yeast is favored in the beverage industry due to its efficiency in fermentation, flavor development, consistent quality, ease of handling, nutritional content, sustainability, shelf life, and versatility. For example, as reported by Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $435.3 billion in 2021 and reached $506 billion in 2022, with expectations to reach $857 billion by 2025. Consequently, the rising demand in the beverage industry is a driving force behind the growth of the fresh compressed yeast market.

Technological advancements represent a significant trend gaining traction in the fresh compressed yeast market. Major companies in this market are embracing new technologies to maintain their competitive positions. An example is EvodiaBio, a Denmark-based producer of natural aromas, which introduced an innovative yeast-based technology solution for the beverage industry in December 2022. This method facilitates cost-effective and long-term biotechnological production of volatile fragrance molecules from beans. By utilizing this approach, brewers can avoid depleting limited plant resources and significantly reduce water and CO2 emissions by over 90%. This modified yeast has the potential to enhance the flavor of non-alcoholic beer while offering a more environmentally responsible alternative to hop harvesting, shipping, and processing.

Leading companies in the fresh compressed yeast market are concentrating on introducing innovative products with unique benefits to boost their revenues. One such product is premium dry yeast, meticulously prepared and processed to ensure optimal performance in various baking and brewing applications. Angel Yeast Co. Ltd., a China-based yeast and yeast extract manufacturer, launched premium dry yeast in September 2022 to address baking challenges such as strong organic acids, high sugar content, and high salt content. The yeast's resistance to these obstacles enables it to maintain activity in dough, thereby enhancing the quality of baked items. Premium dry yeast offers novel benefits, including extended shelf life, improved performance, and resilience to cold shock and challenging production conditions.

In August 2021, Angel Yeast Co. Ltd. acquired the yeast-related assets of Shandong Bio Sunkeen Co. Ltd. for $15.4 million. This strategic acquisition expands, diversifies, and enriches Angel's portfolio by providing additional pathways for yeast production from hydrolyzed corn glycogen. It allows the company to leverage local corn resources more fully, addressing the industry's molasses constraint. Shandong Bio Sunkeen Co. Ltd. is a China-based manufacturer of yeast products operating in the fresh compressed yeast market.

Major companies operating in the fresh compressed yeast market report are Angel Yeast Co. Ltd., Lesaffre Nordic AB, Associated British Foods plc, Chr. Hansen A/S, Lallemand Inc., Leiber GmbH, Oriental Yeast Co. Ltd., Alltech Inc., Synergy Flavors Inc., Kerry Group, Blue Bird India Pvt. Ltd., Koninklijke DSM N.V., AB Mauri Food Inc., Kothari Fermentation and Biochem Ltd., Levapan S.A., Sensient Technologies, Mérieux Nutritionals, Florio Colori S.P.A., IFC Solutions, Omron Corporation, The Merck Group, The Lonza Group, Haarmann & Reimer GmbH, Givaudan SA, Dohler Group, The Archer-Daniels-Midland Company, Nutrition Plus, Symrise AG, Puratos Group, Pak Group B.V.

Asia-Pacific was the largest region in the fresh compressed yeast market in 2023. The regions covered in the fresh compressed yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fresh compressed yeast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products derived from fresh compressed yeast include baker’s yeast, brewer’s yeast, bio-ethanol yeast, and feed yeast. Baker's yeast refers to yeast strains commonly used in bread baking, facilitating the conversion of sugar in the dough into carbon dioxide and ethanol, resulting in lighter and more flavorful bread. Fresh compressed yeast is available in various forms such as fresh yeast, active dry yeast, instant yeast, and others, finding applications in functional food, the beverage segment, feed, and other industries.

The fresh compressed yeast market research report provides fresh compressed yeast market statistics, including fresh compressed yeast industry global market size, regional shares, competitors with an fresh compressed yeast market share, detailed fresh compressed yeast market segments, market trends and opportunities, and any further data you may need to thrive in the fresh compressed yeast industry. This fresh compressed 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 fresh compressed yeast market consists of sales of active dry yeast and rapid-rise 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.


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