Yeast Market by Type (Baker's, Brewer's, Wine, Feed, Bio-ethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Species, & Specialty Yeast Market by Type (Yeast Extract, Autolysate, B-glucan), & by Region - Global Trend & Forecast to 2021
The global yeast & specialty yeast market is projected to reach USD 4.95 billion by 2021 in terms of value, at a CAGR of 8.9% from 2016 to 2021 and 3,115.2 KT by 2021 in terms of volume, at a CAGR of 6.9% from 2016 to 2021. The primary factors driving the global success of yeast & specialty yeast market are rising demand for bakery products. The market is also driven due to positive trend in alcoholic beverage consumption.
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"Food segment led the market with the largest share in 2015"
The yeast market is segmented on the basis of its applications into food, feed, and others, which include pharmaceutical and industrial. The food application is further segmented into bakery, alcoholic beverages, non-alcoholic beverages, prepared food, and others which include nutritional supplements and snacks. Yeast witnessed the widest application in the food industry and is projected to grow at the highest CAGR by 2021, as the consumption of bread, wine, and other such products made from yeast is increasing all over the world.
"Europe the largest market for yeast & specialty yeast in 2015"
The European yeast market is witnessing growth due to increasing consumption of processed food products, increased alcohol consumption, and awareness about the nutritive value of yeast. Bakery items are produced on a large scale in European regions and therefore the demand for baker's yeast is continuously increasing in these regions.
Given below is the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.
* By Company Type: Tier 1 - 15%, Tier 2 - 30%, and Tier 3 - 55%
* By Designation: C level - 38%, Director level - 29%, and Others - 33%
* By Region: APAC - 72%, North America - 12%, Europe - 10%, and RoW - 06%
The global yeast & specialty yeast market is dominated by leading players such as Associated British Foods plc (U.K.), AngelYeast Co., Ltd (China), Lesaffre Group (France), Chr. Hansen Holding A/S (Denmark), and Koninklijke DSM N.V. (The Netherlands). Other players in this segment include Lallemand Inc. (Canada), Alltech (U.S.), Leiber GmbH (Germany), Oriental Yeast Co., Ltd.(Japan), and Synergy Flavors (U.K.).
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Newly released market study: Yeast Market - Global Trend & Forecast to 2021
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001