Indonesia Yeast Market Report 2023: Size, Trends, Industry, Share, Revenue, Analysis, Growth, Value, Segmentation, Outlook and Competitive Landscape 2019-2029

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Dec 15, 2023, 12:30 ET

DUBLIN, Dec. 15, 2023 /PRNewswire/ -- The "Indonesia Yeast Market | Size, Trends, Industry, Share, Revenue, Analysis, Growth, Value, Segmentation, Outlook & COVID-19 IMPACT :Market Forecast?By Type,?By Form,?By Application,?By Regions?and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Indonesia Yeast Market revenue size is projected to grow at a CAGR of 5.1% from 2023E-2029F

The market is expected to grow in the future due to an increasing demand for bakery goods in Indonesia along with increased disposable incomes, evolving lifestyles, and a growing desire for quick and easy meals, which in turn may benefit the yeast industry.

Additionally, major hotel chains are expanding their presence in the country for instance IHG announced intentions to expand its Holiday Inn, Holiday Inn Express, and Crowne Plaza hotel brands by opening 15 additional properties throughout Indonesia by 2024 this would result into an increase in the demand for yeast in the restaurants and hotel chains, and it will further boost the Indonesia Yeast Industry.

Indonesia Yeast Market witnessed a significant growth in recent years owing to growing food and beverage industries in Indonesia. The food and beverage industry grew by 3.75% in the first quarter of 2022, higher than the first quarter of 2021 which recorded 2.45% growth. According to Indonesian Wheat Flour Producers Association (Aptindo) Indonesia's consumption of wheat has increased, from 0.4% in 2020 to 4.6% in 2021.

Moreover, in ethanol industry, the Indonesian government is planning to invest in the production of biofuels, particularly ethanol for instance by 2025, the government urges to record a 25% increase in the proportion of biofuels in the nation's energy mix which would further drive the demand for ethanol. Yeast used as a primary ingredient in the production of biofuel is expected to drive the growth of ethanol market. However, Indonesia yeast market witnessed contraction, in revenues, during 2020 on the account of fall in revenues from the commercial sector, halting of several projects on account of nationwide lockdowns owing to the spread of COVID-19.

Indonesia Yeast Market Synopsis

Indonesia Yeast Market registered a growth of 6.49% in value shipments in 2021 as compared to 2020 and a decrease of -3.38% CAGR in 2021 over a period of 2017. In Yeast Market Indonesia is becoming more competitive as the HHI index in 2021 was 7672 while in 2017 it was 8850. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.

Indonesia has reportedly relied more on imports to meet its growing demand in Yeast Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Yeast Market in 2021 was 151.96 while in 2017 it was 765.62.

China, France, Belgium, Singapore and Switzerland were among the top players of the market in 2021, where China acquired the largest market share of 87.1% with a shipment value of 14.37 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Yeast Market.

In 2017 China had the largest market share of 93.89% with the shipment value of 17.28 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.

Market by Type

Baker's yeast is expected to witness a significant growth in the coming years in comparison to its counterpart's brewer's yeast, wine yeast bioethanol yeast and feed yeast as it is being predominantly used for the baking purposes. Baker's yeast segment which is becoming increasingly popular will become one of the most significant reasons for the Indonesia Yeast Market Growth.

Market by Form

Owing to rising interest in bakery products across Indonesia, the demand for active yeast and fresh yeast would witness significant growth in forthcoming years as it is mostly used in baking active and fresh yeasts are utilised as they are more convenient and easier to use.

Market by Application

As the population grows overall and middle- to upper-class consumer classes also grows, it is anticipated that the food along with beverage market will continue to expand steadily in Indonesia, which is anticipated to expand the application of yeast in the food industry.

Market by Regions

On account of Java being the most populous region in Indonesia, along with key developments in the food and beverage industry, Java is projected to grow faster in comparison to other regions, i.e, Sumatra, Kalimantan, Sulawesi; thus, the Java region is likely to generate more revenues in Indonesia Yeast Market in near future.

Key Highlights of the Report

Indonesia Yeast Market Outlook
Historical Data and Forecast of Indonesia Yeast Revenues & Volume for the Period 2019 - 2029F
Indonesia Yeast Market Trend Evolution
Indonesia Yeast Market Drivers and Restraints
Indonesia Yeast Porter's Five Forces
Indonesia Yeast Industry Life Cycle
Historical Data and Forecast of Indonesia Yeast Market Revenues & Volume By Type for the Period 2019 - 2029F
Historical Data and Forecast of Indonesia Yeast Market Revenues & Volume By Form for the Period 2019 - 2029F
Historical Data and Forecast of Indonesia Yeast Market Revenues By Application for the Period 2019 - 2029F
Key Performance Indicators
Indonesia Yeast Import Export Trade Statistics
Market Opportunity Assessment
Indonesia Yeast Top Companies Market Share
Indonesia Yeast Competitive Benchmarking By Technical and Operational Parameters
Company Profiles
Key Strategic Recommendations

Company Profiles

Lesaffre Group
Lallemand Inc.
Angel Yeast Co., Ltd
Koninklijke DSM N.V.
Kerry Group
AB Mauri Group
Chr. Hansen Holding A/S
Archer-Daniels-Midland Company
Alltech

Market Scope and Segmentation

By Type

Baker's Yeast
Brewer's Yeast
Wine Yeast
Bioethanol Yeast
Feed Yeast

By Form

Fresh
Active
Instant
Others

By Application

Food
Beverages
Bioethanol
Pharmaceuticals
Feed
Others

By Regions

Java
Sumatra
Kalimantan
Sulawesi
Others

For more information about this report visit https://www.researchandmarkets.com/r/7xa1nk

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