Yeast is a key ingredient in the creation of many goods in the food and beverage sector, including animal feeds, probiotic drinks, alcoholic and non-alcoholic beverages and yeast extract. In order to improve the quality of bread goods, yeast is primarily used by the baking industry. The yeast market is expected to continue to expand during the forecast period due to the rising demand from these end-user industries which already contributes significantly to market growth.
The rising demand for yeast from end-user industries such as food and beverages is fueling the market’s expansion. Bakers yeast has a large market because it is widely used to improve the quality of bakery goods. Because of the increased consumer preference for convenience and packaged food products, the use of compressed yeasts in the bakery industry is growing at a faster rate.
Data Bridge Market Research analyses that the yeast market was valued at USD 4.63 billion in 2021 and is expected to reach the value of USD 6.75 billion by 2029, at a CAGR of 8.7% during the forecast period of 2022-2029.
Yeasts are unicellular eukaryotic fungi that have a completely different mechanism than bacteria and other prokaryotic microorganisms. Yeast contains nearly all of the organelles found in a mature eukaryotic cell. The most important are the nucleus, golgiapparatus, mitochondria, endoplasmic reticulum, vacuole, and cytoskeleton. The particle size of yeast cells is typically 510m. Budding and, on rare occasions, fission are the primary modes of reproduction. Cell morphology, physiology, immunology, and molecular biology techniques can be used to identify and characterise yeast. Yeast’s natural habitat may include soil, water, plants, animals, and insects, with plant tissues serving as a special habitat.
Global yeast market is categorized into three notable segments which are based on basis of type, form and application. On the basis of type, the market is segmented into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, feed yeast and others.
Baker’s yeast segment is dominating the global yeast market
Baker’s yeast segment is dominating the market with the market share of 47.13% due to the higher utilization of the yeast to improve the texture of dough and high demand of nutritional bakery product have led their utilization in baking goods.
The bakery industry is a pioneer in the use of yeast as an important ingredient. Breads, rye breads, whole wheat bread, buns, white breads, brown breads, and many other bakery products are in high demand worldwide. These dominant factors are propelling the market.
On the basis of form, the market is segmented into fresh yeast, active dry yeast, instant yeast and others.
Fresh yeast segment is dominating the global yeast market
Fresh yeast segment is dominating the market with the market share of 55.18% as these yeast is majorly preferred for the baking goods and high utilization of the yeast in baking goods have comprised the highest market share.
On the basis of application, the market is segmented into food, beverages, bioethanol, pharmaceuticals and feed. Food segment is dominating the market with the market share of 46.34% as yeast is majorly preferred in cakes, bread and snacks to improve the texture dough and growing development of nutritional fermented products have led their dominance.
The rise of urbanisation and Western culture has resulted in an increase in demand for bakery products. The demand for yeast is being driven by the enrichment of animal feed products and rising alcoholic consumption.