According to the analysis of Reports and Data, the global yeast market was valued at USD 3.26 Billion in 2018 and expected to reach USD 5.89 Billion by the year 2026, at a CAGR of 8.82%. Yeast is a single-cell microorganism that can originate with or without oxygen. In contact with air, it converts sugar into biomass energy and Co2. Whereas in the lack of oxygen, it does not grow effectively, and the sugar energy is transformed into its derivatives such as ethanol glycerol and C02. As it is a precious resource of vitamins and high dietary proteins and commonly used in the production of food products, including cheese, vinegar, sourdoughs bread, vegetables, and fermented meat.
This report covers the recent COVID-19 incidence and its impact on Yeast Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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Companies considered and profiled in the market study
Associated British Foods (UK), Archer Daniels Midland (US), Lallemand (Canada), Chr. Hansen (Denmark), Koninklijke DSM N.V (Netherlands), Kerry (Ireland), Lesaffre (France), Angel Yeast (China), Biorigin (Brazil), Beldem (Blegium), Kemin Industries (US), Leiber (Germany), Synergy Flavors (UK), Nutreco N.V (Netherlands), Levex (Turkey)
On the basis of type, the market has been segmented as follows: (Volume Metric Tons, Revenue, USD Billion; 2019-2026)
Baker’s
Brewer’s
Wine
Bioethanol
Feed
Others
On the basis of form, the market has been segmented as follows: (Volume Metric Tons, Revenue, USD Billion; 2019-2026)
Dry
Instant
Fresh
Others
On the basis of application, the market has been segmented as follows: (Volume Metric Tons, Revenue, USD Billion; 2019-2026)
Food
Beverages
Feed
Others (pharmaceuticals, chemicals, cosmetics, and personal care products)
Regional Outlook (Volume Metric Tons, Revenue, USD Billion; 2019-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Further key findings from the report suggest
Baker’s yeast segment is expected to grow rapidly at a higher CAGR during the forecast period in developing regions due to increased use in bakery products. Based on the application, food sub-segment is growing due to increased use in processed food, dairy products, dietary supplements, and bakery. The market based on specialty yeast type is categorized into yeast extracts and autolysates that are the special types of yeasts.
By form, the market has categorized into dry, instant, fresh, and others (including bread machine and rapid-rise). The fresh segment accounted for the largest market due to its wide use in bakery products such as bread, biscuits, and pastries.
North America forms the notable market share for yeast globally due to the large consumer base and high consumption of alcohol in the region. The APAC segment is also majorly contributing to the overall growth of the market with a CAGR of about 10.2% due to the high demand for bakery goods is a major driver in the yeast market.
Witnessing such high demand in the APAC segment, in June 2019, Associated British Foods plc and Yihai Kerry Arawana Holdings Co., Ltd, a subsidiary of Wilmar International Limited has executed a joint venture in China for the manufacture, sale, and distribution of yeast and bakery ingredients. The joint venture will obtain existing Chinese yeast and bakery ingredients activities of AB Mauri, a division of ABF, and will leverage Yihai Kerry Arawana’s supply chain, extensive sales, and distribution network and local market expertise in China.
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