Overview and Scope
Fresh compressed yeast refers to the fresh cream yeast that has been compacted into little blocks after being drained of the majority of its water. It can be dissolved in liquid to assist it in dispersing in the dough, but it is also simple to crush and add directly to the dough during the process of mixing.
Sizing and Forecast
The fresh compressed yeast market size has grown strongly in recent years. It will grow from $4.64 billion in 2023 to $5.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to bakery industry growth, staple in traditional baking methods, food processing industry expansion, rising population and urbanization, health consciousness and natural ingredients.
The fresh compressed yeast market size is expected to see strong growth in the next few years. It will grow to $6.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to specialty and artisanal baked goods, expansion of quick-service restaurants, gluten-free and allergen-free product development, globalization of baked goods consumption, e-commerce growth in food ingredients sales. Major trends in the forecast period include research in yeast strain development, sustainable and eco-friendly practices, microbial fermentation technologies, technological advancements in packaging, clean-label and non-gmo products.
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Segmentation & Regional Insights
The fresh compressed yeast market covered in this report is segmented-
1) By Product Type: Baker’s Yeast, Brewer’s Yeast, Bio-ethanol Yeast, Feed Yeast
2) By Form: Fresh Yeast, Active Dry Yeast, Instant Yeast, Other Forms
3) By Application: Functional Food, Beverage Segment, Feed, Other Applications
Asia-Pacific was the largest region in the fresh compressed yeast market in 2023. The regions covered in the fresh compressed yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for bakery products is expected to propel the growth of the fresh compressed yeast market going forward. Bakery products are food items that are usually produced in a bakery that manufactures and sells flour-based baked products such as cookies, cakes, pastries, bread, and pies. Fresh yeast or compressed yeast is frequently used in bakery items such as bread, rolls, and other yeast-raised baked foods. It has a short shelf life and should be used within a few days. Fresh compressed yeast is one of the important ingredients that are used in baking bakery products. For instance, in October 2022, according a stats sourced from Euromonitor International, 2022 published on Government of Canada official website, retail sales of baked goods in US reaching $67.9 billion in 2021 and is expected to reach US$75.8 billion in 2026. Therefore, the increasing demand for bakery products is driving the growth of the fresh compressed yeast market going forward.
Key Industry Players
Major companies operating in the fresh compressed yeast market report are Angel Yeast Co. Ltd., Lesaffre Nordic AB, Associated British Foods PLC, Chr. Hansen A/S, Lallemand Inc., Leiber GmbH, Oriental Yeast Co. Ltd., Alltech Inc., Synergy Flavors Inc., Kerry Group, Blue Bird India Pvt. Ltd., Koninklijke DSM N.V., AB Mauri Food Inc., Kothari Fermentation and Biochem Ltd., Levapan S.A., Sensient Technologies, Mérieux Nutritionals, Florio Colori S.P.A., IFC Solutions, Omron Corporation, The Merck Group, The Lonza Group, Haarmann & Reimer GmbH, Givaudan SA, Dohler Group, The Archer-Daniels-Midland Company, Nutrition Plus, Symrise AG, Puratos Group, Pak Group B.V.
The fresh compressed yeast market report table of contents includes:
1. Executive Summary
2. Fresh Compressed Yeast Market Characteristics
3. Fresh Compressed Yeast Market Trends And Strategies
4. Fresh Compressed Yeast Market – Macro Economic Scenario
5. Global Fresh Compressed Yeast Market Size and Growth
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31. Global Fresh Compressed Yeast Market Competitive Benchmarking
32. Global Fresh Compressed Yeast Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fresh Compressed Yeast Market
34. Fresh Compressed Yeast Market Future Outlook and Potential Analysis
35. Appendix
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