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The global yeast market size reached approximately USD 5.25 billion in 2023. The market is further projected to grow at a CAGR of 9% between 2024 and 2032, reaching a value of USD 11.41 billion by 2032.
Yeast is a single-celled eukaryotic microorganism that is classified as the member of the fungus kingdom. It converts starch and sugar into alcohol and carbon dioxide through the process of fermentation and is found in various baked goods, sauces, alcoholic beverages, and nutritional supplements, among others.
On the basis of type, the market is divided into baker’s yeast, brewer’s yeast, probiotics yeast, and wine yeast, among others. Based on genus, the market is segregated into saccharomyces and kluyveromyces, among others. On the basis of form, the market is classified into dry yeast, instant yeast, and fresh yeast, among others.
Based on application, the market is categorised into food and feed, among others, with the food category subdivided by type into bakery, alcoholic beverages, and prepared food, among others. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global yeast market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The food segment is expected to account for a significant portion of the market over the forecast period. This growth can be attributed to the increasing awareness about the benefits of yeast such as the ability to provide protection against oxidative damage by acting as an antioxidant. Furthermore, the taste, texture, and availability of various flavours and varieties in baked products is boosting their consumption and increasing the demand for yeast.
Europe is anticipated to account for a significant share of the market in the coming years, due to the rising demand for processed foods, alcoholic beverages, and growing awareness about the health benefits of consuming probiotic yeast. Increased pet adoption and growing livestock health awareness is also boosting the demand for yeast.
Moreover, the rising consumption of organic food products due to growing health concerns is increasing the demand for organic baked goods including breads, bolstering the requirement for baker’s yeast and aiding the growth of the yeast market in Europe.
Associated British Foods Plc, headquartered in London, United Kingdom, is a food processing and retailing company that is one of the largest producers of baker’s yeast and sugar. They are also one of the major producers of enzymes, lactose, and emulsifiers.
Lesaffre & CIE is one of the world’s largest producers and manufacturers of yest. Lesaffre is known for marketing and manufacturing solutions for health care, baking, biotechnology, and food service sectors.
Angel Yeast Co., Ltd. specialises in mass production of yeast and yeast derivatives. They are known to provide high Umami yeast extracts, basic yeast extracts, flavoured yeast extracts, and rich peptides yeast extracts.
Other major players in the yeast market include Chr. Hansen Holding A/S, Lallemand Inc, Koninklijke DSM N.V, Kerry Group Plc, Leiber GmbH, Sensient Technologies Corporation, and Halcyon Proteins Pty. Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Genus |
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Breakup by Form |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Yeast Market Analysis
8.1 Key Industry Highlights
8.2 Global Yeast Historical Market (2018-2023)
8.3 Global Yeast Market Forecast (2024-2032)
8.4 Global Yeast Market by Type
8.4.1 Baker’s Yeast
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Brewer’s Yeast
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Probiotics Yeast
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Wine Yeast
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Yeast Market by Genus
8.5.1 Saccharomyces
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Kluyveromyces
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Yeast Market by Form
8.6.1 Dry Yeast
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Instant Yeast
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Fresh Yeast
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Yeast Market by Application
8.7.1 Food
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.1.3 Breakup by Type
8.7.1.3.1 Bakery
8.7.1.3.2 Alcoholic Beverages
8.7.1.3.3 Prepared Food
8.7.1.3.4 Others
8.7.2 Feed
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Yeast Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Yeast Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Yeast Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Yeast Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Yeast Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Yeast Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code- 210210)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Associated British Foods Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Lesaffre & CIE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Angel Yeast Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Chr. Hansen Holding A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Lallemand Inc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Koninklijke DSM N.V
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Kerry Group Plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Leiber GmbH
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Sensient Technologies Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Halcyon Proteins Pty. Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Yeast Market: Key Industry Highlights, 2018 and 2032
2. Global Yeast Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Yeast Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Yeast Historical Market: Breakup by Genus (USD Billion), 2018-2023
5. Global Yeast Market Forecast: Breakup by Genus (USD Billion), 2024-2032
6. Global Yeast Historical Market: Breakup by Form (USD Billion), 2018-2023
7. Global Yeast Market Forecast: Breakup by Form (USD Billion), 2024-2032
8. Global Yeast Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Yeast Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Yeast Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Yeast Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Yeast Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Yeast Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Yeast Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Yeast Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Yeast Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Yeast Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Yeast Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Yeast Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Yeast Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Yeast Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Importing Countries by Volume
23. Major Exporting Countries by Volume
24. Major Importing Countries by Value
25. Major Exporting Countries by Value
26. Global Yeast Market Structure
The market reached a value of approximately USD 5.25 billion in 2023.
The market is projected to grow at a CAGR of 9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 11.41 billion by 2032.
The major market drivers include rising demand from the feed sector and growing awareness about the benefits of probiotic yeast.
The key trends fuelling the growth of the market include increased bread consumption and rising popularity of alcoholic beverages such as wine.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of yeast available in the market include baker’s yeast, brewer’s yeast, probiotics yeast, and wine yeast, among others.
The key players in the market are Associated British Foods Plc, Lesaffre & CIE, Angel Yeast Co., Ltd., Chr. Hansen Holding A/S, Lallemand Inc, Koninklijke DSM N.V, Kerry Group Plc, Leiber GmbH, Sensient Technologies Corporation, and Halcyon Proteins Pty. Ltd., among others.
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