Market Overview
The yeast market is set to grow at a CAGR of 8.86% during the forecast period 2017 to 2023. As per the market research report, the market will hit USD 5398.5 million in terms of valuation by the end of 2023. The market growth will be driven by the rising consumption of bakery products. Based on the research report, the rising intake of alcoholic beverages will accelerate growth in the market till 2023. Although shrinking research and development budgets will have a negative impact on the global yeast market’s growth during this period. The intense demand for key raw materials is predicted to be a key challenge which could become a strong threat from 2017 to 2023 to companies.
The market report published by expert analysts includes primary and secondary data and suggests that type, applications, and form segments are anticipated to witness tremendous growth till 2023. Factors such as the growing focus on enhancing the production will become key growth drivers during the forecast period and the demand for animal feed is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the lower awareness level among farmers which could negatively affect activities taking place across the market. The lack of effective communication is another challenge the market could face till 2023.
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Market Segmentation
The yeast market is segregated into different market segments based on type, applications, and form. For a comprehensive analysis of the market, the type, applications, and form segments are further split into smaller segments. The type segment is categorized into baker’s yeast, bioethanol yeast, brewer’s yeast, feed yeast, wine yeast, and others. Furthermore, based on form, the global market is also segmented into foods, beverages, feed, and others. Based on the market segmentation analysis, the report covers market forecasts. On the basis of applications, the global market is split into sub segments including dry, instant, fresh, and others.
Strong demand for bakery products across the world will support the market growth from 2017 to 2023. As per the market research report, the global market for yeast is anticipated to grow at a healthy rate across all the type, applications, and form segments. However, the presence of active threats such as the fluctuating prices of raw materials could hamper the market growth. Business activities across yeast have also been examined and studied by yeast industry’s experienced analysts. The yeast market research report covers findings with predictions and forecasts till 2023.
Regional Overview
The yeast market, with its product and service related segments, is spread across the world. Yeast based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The growing health awareness is anticipated to be a major factor for growth across the yeast space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The yeast sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Yeast based businesses in these regional markets are anticipated to grow due to the rising demand for good quality convenience food during the forecast period 2017 to 2023. Although the market’s growth could be affected by the lack of developed infrastructure. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.
Competitive Landscape
Yeast based organizations are profiled in the market research report. The yeast market along with companies and segments has been studied. The analysis of yeast based business is also done to identify key challenges and strengths of these companies. The global yeast market research report covers SWOT analysis, Porter’s Five Force analysis of major yeast related organizations. The strategy and other key details of these companies for the forecast period 2017 to 2023 are covered in the report. Improving consumer relations is anticipated to support the market growth as the market is set to grow at a CAGR of 8.86% and reach a value of US$5398.5 million by 2023.
Industry News
Biohymn Biotechnology, a Chinese firm that specialises in the manufacture of yeast and yeast extracts, has acquired a majority stake in Lesaffre. The deal, according to Lesaffre, is in line with the company's aim of improving its position in the Chinese sector and maintaining closer proximity to its customers. Since the 1980s, Lesaffre seems to have had operations in Asia, producing the Saf-Instant yeast product. Lesaffre bought a yeast plant in Ming Guang, near Nankin, some 186 miles from Shanghai, in 1999. In collaboration with the sugar manufacturer Donta, new facilities were commissioned in Laibin, Guangxi, in 2010. Eventually, in 2015, the company agreed to buy a controlling stake in Sungain in Chongzuo.
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