About Yeast-
Yeast are single-celled microscopic fungi. They can be found all over the world in soils, on plant surfaces, and in sugary environments like flower nectar and fruits. The food industry has witnessed a rise in the consumption of fermented food products such as yogurt, pickles, and sauces and, some traditional Asian foods such as Kimchi and Kempeh. Owing to its fermenting property, yeast has been widely used on a large scale for fermentation in the production of these foods, eventually driving the demand for yeast in the global market. With the increase in the bakery industry and rising demand for ease, food is one of the factors that are boosting the Global Yeast market. Yeast is a fermenting agent that is used in bread and for alcohol fermentation which is widely adopted leading to an increase in demand for the food and beverages industry and contributing to market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is concentrated by a few players. Increased competition for basic raw materials among yeast manufacturers is the major barrier in the market. Price, quality, and innovation are the factors that contribute to competition among key vendors. However, competitive strategies are also adopted by yeast manufacturers to sustain among the competitors in the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Europe Yeast- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lesaffre (France), Lallemand Inc. (Canada), AB Mauri (United Kingdom), Associated British Foods plc (U.K), Kerry Group plc. (Ireland), DuPont (United States), Novozymes A/S (Denmark), BASF SE (Germany), Synergy flavours (U.K) and Praj Industries (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are DSM (Netherlands), Ohly (Germany) and Alltech (United States).
Segmentation Overview
AMA Research has segmented the market of Europe Yeast- market by Type (Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bioethanol Yeast, Feed Yeast and Others), Application (Food and Beverages, Wine, Feed and Others) and Region.
On the basis of geography, the market of Yeast- has been segmented into Europe (United Kingdom, Ireland, Rest of Europe). If we see Market by Form, the sub-segment i.e. Dry Yeast will boost the Yeast- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Speciality Yeast, the sub-segment i.e. Yeast Autolysis will boost the Yeast- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Specialty Yeasts
Market Growth Drivers:
Rising Demand for Bakery Products and Growth of the Animal Feed Industry
Challenges:
Limited Shelf Life
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Focus on Biofuels and Industrial Products and Demand for Natural Food Additives
Market Leaders and their expansionary development strategies
In January 2024, Lallemand Inc., a Canadian company specializing in yeast-based ingredients acquired Swiss biotech company Evolva AG. This acquisition is aimed to focus on researching, developing, and commercializing natural yeast-derived ingredients.
In February 2024, Novozymes, a Danish industrial biotech business, launched Innova Fit, a non-GM yeast technology that according to the company overcomes biofuel production bottlenecks produced by traditional and basic yeast.
Key Target Audience
Manufacturer, Government Bodies, Research Center, Suppliers & Distributors, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.