Yeast Market is Expected to Reach Strong Growth during 2019-2024 – IMARC Group
by Rahul Rastogi Market Research AnalystAccording to the latest report by IMARC Group,
titled “Yeast
Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2019-2024”, the global yeast market size has witnessed
moderate growth during 2013-2018. Yeast is a single-celled fungus that is
used in the production of bread, beer and wine. It is responsible for leavening
the dough and imparting fermentation to the product. Among the different types
of yeast, commercial yeast, also known as Saccharomyces Cerevisiae, is the most
widely used and consists of 50 percent protein with high amounts of vitamins
B1, B2, niacin, and folic acid. It is also added as a savory seasoning in a
wide variety of vegan dishes, such as pasta, vegetables, and salads, for
imparting a nutty and cheesy flavor.
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Global Yeast Market Trends:
The increasing consumption of bakery products has
led to a rise in the demand for yeast. Furthermore, the growing awareness about
the high nutrient content and health benefits of inactivated nutritional yeast
has escalated its sales as a dietary supplement. Its consumption is widely
known to boost energy levels, support the immune system, promote skin, hair and
nail growth, and improve glucose sensitivity. Besides its food applications,
yeast is also utilized in the non-food sectors. It is employed for producing
ethanol in the biofuel industry and plays a crucial role in environmental
applications like bioremediation and removal of heavy metals from wastewater.
Moreover, the ongoing research and development (R&D) activities have led to
the introduction of novel capabilities to produce new yeast products, extend
substrate range, as well as increase its scope of application in food
ingredients and additives. This is anticipated to provide vast opportunities to
the market players in the upcoming years. Looking forward, the market value is
projected to expand at a CAGR of around 8% during 2019-2024.
Market Summary:
· Based
on the form, the market has been segmented as dry, instant, fresh and other
forms of yeasts.
· On
the basis of the type, the market has been segregated into baker’s, brewer’s,
wine, bioethanol, feed and others.
· The
market has been categorized based on the application into food, feed and
others. Food application is further divided into bakery, alcohol beverages, prepared
food.
· Region-wise,
the market has been classified into North America, Asia Pacific, Europe, Middle
East and Africa, and Latin America.
· The
competitive landscape of the market has also been examined with some of the key
players being Associated British Foods Plc, Lesaffre & CIE,
Angel Yeast Co., Ltd, Cargill, Incorporated, Chr. Hansen A/S, Alltech
Group, Lallemand Inc., Koninklijke DSM N.V., Nutreco N.V., Kerry Group
plc, Synergy Flavors, Inc., The Archer Daniels Midland Company, Oriental Yeast
Company Limited, Diamond V Mills, Inc. (Diamond V), Pacific Ethanol, Inc. and
Leiber GmbH.
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Figure: https://www.imarcgroup.com/global-yeast-market
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Created on Nov 11th 2019 01:55. Viewed 467 times.