“Increasing demand for processed food, and the growth of the brewery industry are bound to propel the growth of the global yeast market during the forecast period.”
This research report titled ‘Global Yeast Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Manjunath Reddy, a lead analyst at Technavio for food research, “Increasing demand for processed food, and the growth of the brewery industry are bound to propel the growth of the global yeast market during the forecast period.”
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The report segments the global yeast market into the following six types of yeast, of which the top four segments are discussed in detail below.
- Baker's yeast
- Brewer's yeast
- Feed yeast
- Industrial yeast
- Bioethanol yeast
- Wine yeast
Global baker's yeast market
The baker’s yeast market is expected to grow at a CAGR of close to 9% during the forecast period. Baker's yeast is a unicellular mold that is reproduced through a process known as budding. The growth of the global baker's yeast market is directly linked to the increasing consumption of processed food, especially bakery items.
The global bakery market is expected to grow at a CAGR of more than 7% during the forecast period. China is experiencing high growth in the baker's yeast market due to increase in the demand for bakery products in both retail and food services.
Global brewer's yeast market
The brewer’s yeast market is expected to grow at a CAGR of 9% during the forecast period. Brewer's yeast is made from a single-celled fungus, Saccharomyces cerevisiae, and has a bitter taste. This market is mainly driven by the growing demand for alcoholic beverages, which use yeast during the fermentation process.
There are various health benefits associated with the consumption of brewer's which has been found to be effective in preventing antibiotic-associated diarrhea and elapsing colitis caused by Clostridium difficile. It is considered a probiotic as it contains nutrients, such as chromium, vitamin B, protein, selenium, potassium, iron, zinc, and magnesium.
Global feed yeast market
The feed yeast market is expected to grow at a CAGR of over 9% during the forecast period. Yeast is used in animal nutrition to enhance digestion and health of the animals. Feed yeast has many benefits, such as promoting growth, enhancing digestion, and improving the immune system.
“Feed yeast is a cost-effective nutritive supplement for animals with negligible harmful effects. However, the lack of awareness among the consumers is hampering the growth of the market,” says Manjunath.
Global industrial yeast market
The industrial yeast market is expected to grow at a CAGR of close to 8% during the forecast period. Yeast is widely used for various applications in industrial biotechnology. Various players in the market are coming together to develop improved industrial yeast strains. In June 2016, Meiogenix and Lesaffre entered an agreement to develop improved industrial yeast strains using the PhoeniX technology developed by Meiogenix. The technology controls the natural meiotic recombination process and efficiently generates non-genetically modified recombined yeast cells particularly for industrial strains.
The top vendors highlighted by Technavio’s food and beverage research analysts in this report are:
- AB Mauri Food
- AB Vista
- Chr. Hansen
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