The specialty yeast global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Specialty Yeast Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The specialty yeast market size has grown strongly in recent years. It will grow from $2.7 billion in 2023 to $2.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in food and beverage industry, expansion of bioethanol production, animal nutrition industry growth, demand for gluten-free products, globalization of food supply chains..
The specialty yeast market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to plant-based protein trends, focus on sustainable practices, emergence of alternative proteins, expansion of craft brewing, prebiotics and digestive health, health-conscious consumer base.. Major trends in the forecast period include clean label and natural ingredients, advancements in yeast biotechnology, customized yeast solutions for food industry, research on yeast-based nutraceuticals, technological advancements..
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Scope Of Specialty Yeast Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Specialty Yeast Market Overview
Market Drivers –
Increasing consumption of alcoholic beverages is expected to contribute to the growth of the specialty yeast market going forward. Alcoholic beverages are used to maintain optimum temperature, viscosity, and pressure during the production of alcoholic beverages. Specialty yeast is frequently employed in food and beverage such as alcoholic beverages to improve flavor, and fermentation which raises consumer demand for food items and expands the number of food and beverage production facilities, as a result, increasing consumption of alcoholic beverages increases the demand for specialty yeast market. For instance, in December 2021, according to IWSR Drinks Market Analysis Limited, a UK-based media company, the online sales of alcoholic beverages from grocery stores are expected to reach $ 42 billion by 2025. Therefore, the rise in the consumption of alcoholic beverages drives the specialty yeast market.
Market Trends –
Innovative products are the key trend gaining popularity in the specialty yeast market. Major companies operating in the specialty yeast market are developing innovative specialty yeast. For instance, in January 2022, Ohly, a Germany-based manufacturing company, launched a yeast-based chicken flavor enhancer named OHLY SAV-R-MEAT PBD. This enhancer delivers a juicy and dark-meat chicken flavor with a high umami impact. It is specially designed for low-sodium meat applications and takes inspiration from traditional cooking methods. OHLY offers a variety of yeast-based ingredients, including those derived from peas and beans, yeast extracts, and enzymes that improve protein taste and functionality.
The specialty yeast market covered in this report is segmented –
1) By Type: Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Other Type
2) By Species: Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Other Species
3) By Application: Food, Beverages, Feed, Other Application
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Regional Insights –
Asia-Pacific was the largest region in the specialty yeast market in 2023. The regions covered in the specialty yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the specialty yeast market report are Associated British Foods plc, Archer-Daniels-Midland Company, Lallemand Inc., Chr. Hansen Holding A/S, Kerry Group plc, Angel Yeast Co. Ltd., Biorigin SAS, Leiber GmbH, Synergy Flavors LLC, Aria Ingredients Inc., Halcyon Proteins Pty. Ltd., Agrano GmbH & Co. KG, AEB Group S.r.l., Jeevan Biotech Pvt. Ltd., Titan Biotech Ltd., Koninklijke DSM N.V., Levex Chemicals Inc., Lesaffre Group, Alltech Inc., Kemin Industries Inc., Beldem B.V., DSM Food Specialties B.V., A.G. Scientific Inc., Anchor Yeast Co. Ltd., Bacchus Yeast Co. Ltd., Bakers Yeast Co. Ltd., Best Flavors Inc., Cargill Incorporated, Ceres Inc., ConAgra Brands Inc., Corbion plc, CSM Bakery Solutions, Dairytech Inc. .
Table of Contents
1. Executive Summary
2. Specialty Yeast Market Report Structure
3. Specialty Yeast Market Trends And Strategies
4. Specialty Yeast Market – Macro Economic Scenario
5. Specialty Yeast Market Size And Growth
…..
27. Specialty Yeast Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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