YEAST INGREDIENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global yeast ingredients market is estimated to be valued at USD 2.98 Bn in 2024. The market is expected to reach USD 5.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. The global yeast ingredients market has been growing rapidly over the past few years due to the increasing demand for bakery and savory products. Yeast ingredients such as active dry yeast, instant yeast, and others are widely used in various food applications for their leavening properties. The rise in fast-paced lifestyle has boosted the consumption of convenience snacks and ready-to-eat meals where yeast ingredients play a vital role. Moreover, growing health consciousness among consumers has augmented the demand for fresh and artisanal breads produced using natural yeast extracts. Various product innovations targeted at health-savvy customers will continue to propel the market ahead over the next several years.
Market Dynamics
The global yeast ingredients market is driven by factors such as rising disposable income, growing population, and changing dietary habits of consumers. Rapid urbanization coupled with busier lifestyles has boosted the demand for packaged food and on-the-go breakfast items incorporating yeast ingredients. However, price volatility of raw materials required for yeast production can hamper the market growth. Moreover, increasing awareness about gluten sensitivity is prompting a shift to gluten-free products, which poses a challenge. On the positive side, emerging applications of yeast extracts in sauces, soups, and functional food provide tremendous opportunities for manufacturers. Industry players are investing in R&D to develop organic and clean label yeast products catering to health-conscious consumers.
Key Features of the Study
- This report provides in-depth analysis of the global yeast ingredients market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global yeast ingredients market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Lesaffre, Associated British Foods plc (ABF), Archer Daniels Midland Company (ADM), Lallemand Inc., Angel Yeast Co., Ltd., Koninklijke DSM N.V., BASF SE, BioCare Copenhagen, Synergy Flavors, Alltech, Inc., Nutraceutical Corporation, AAK AB, Hain Celestial Group, Inc., Kemin Industries, Inc., and Yeast & Co. Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global yeast ingredients market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global yeast ingredients market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Yeast Ingredients Market' - Global forecast to 2031
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