Introduction:
Yeast is a single-cell microorganism that is widely used in the food and beverage industry for the production of bread, beer, wine, and other fermented products. Yeast is also used as a nutritional supplement in animal feed and as a source of enzymes for various industrial applications. The global yeast market has been growing steadily over the past few years, driven by increasing demand for yeast-based products and the growing trend towards healthy and natural food ingredients. In this report, we will analyze the current state of the yeast market, identify key market trends, and discuss future growth prospects.
Need More Insights on Competitor Analysis of the report, Request for Sample@ https://www.persistencemarketresearch.com/samples/23347
Market Size and Growth:
According to a report by Persistence Market Research, the global yeast market size was valued at USD 3.9 billion in 2018 and is projected to reach USD 6.1 billion by 2026, growing at a CAGR of 5.4% during the forecast period. The increasing demand for bakery products, beer, and wine is the primary factor driving the growth of the yeast market. Additionally, the growing trend towards plant-based diets and natural food ingredients is also contributing to the growth of the yeast market, as yeast is a vegan-friendly and natural source of protein and other nutrients.
Segmentation:
The global yeast market can be segmented by type, form, application, and region. Based on type, the yeast market can be categorized into baker’s yeast, brewer’s yeast, wine yeast, bioethanol yeast, and others. Baker’s yeast is the largest segment of the yeast market, accounting for the majority of the market share. Based on form, the yeast market can be divided into dry yeast and fresh yeast. Dry yeast is the most popular form of yeast, as it has a longer shelf life and is more convenient to use. Based on application, the yeast market can be segmented into food and beverages, animal feed, and other industrial applications. The food and beverages segment is the largest application segment of the yeast market, accounting for the majority of the market share.
If You want to Purchase Specific Insights By Segment/Region/Competitor, Request For Customization@ https://www.persistencemarketresearch.com/request-customization/23347
Regional Analysis:
The yeast market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europe is the largest market for yeast, accounting for the majority of the market share. This is due to the high consumption of bakery products, beer, and wine in the region. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for yeast-based products in countries such as China, India, and Japan.
Competitive Landscape:
The yeast market is highly competitive, with several players operating in the market. Some of the major players in the yeast market include Angel Yeast Co., Ltd., Lesaffre Group, Lallemand Inc., Associated British Foods plc, Koninklijke DSM N.V., and Kerry Group plc. These players are adopting various strategies such as mergers and acquisitions, partnerships, and new product launches to strengthen their position in the market.
If You Want To Know The Business Opportunity/Market Value, Purchase The Premium Insight @ https://www.persistencemarketresearch.com/checkout/23347
Conclusion:
The global yeast market is growing steadily, driven by the increasing demand for yeast-based products and the growing trend towards healthy and natural food ingredients. Baker’s yeast is the largest segment of the yeast market, while Europe is the largest market for yeast. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The yeast market is highly competitive, with several players operating in the market.
Read More Trending “PMR Exclusive Article”- https://www.prnewswire.com/news-releases/global-fresh-yeast-market-expected-to-witness-a-cagr-of-6-0-over-the-forecast-period-2018-2026-persistence-market-research-806864043.html
About us:
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Contact Us:
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com