Yeast Market (Dry, Instant, Fresh) to Hit a CAGR of 8.9% to 2021 Led by European Regions

Jul 05, 2016, 06:00 ET from ReportsnReports

PUNE, India, July 5, 2016 /PRNewswire/ --

The worldwide yeast market report is segmented on the basis type, application, and species along with specialty yeast market by type and by region with the projection of size growth in terms of value and the expected compound annual growth rate (CAGR) between the periods of 2016-2021.

Complete report on global yeast market spread across 225 pages, profiling 11 companies and supported with 171 tables and 71 figures is now available .

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 raising demand for bakery products. The market is also driven due to positive trend in alcoholic beverage consumption.

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.

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.

The growth of fresh yeast market is directly linked to the increasing trend of processed and fast food consumption, especially bakery items. Fresh yeast is extremely perishable and requires refrigeration. It is widely used in bakery products such as breads and pastries as it has good rising qualities and provides excellent taste. Europe was the largest market for fresh yeast and accounted for the maximum share in 2015. As per the emerging global trend, Asia-Pacific is presently one of the most promising markets for fresh yeast, as its demand is continuously increasing with the rise in population and changing demand of processed food products.

The global yeast & specialty yeast market is dominated by leading players such as Associated British Foods plc (U.K.), Angel Yeast 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.). Order a copy of 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, ß-glucan), & by Region - Global Trend & Forecast to 2021 research report at .

In the process of determining and verifying, the global yeast & specialty yeast market market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (15%), Tier 2 (30%) and Tier 3 (55%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (38%), Directors Level (29%) and others (33%) from various key organizations operating in the global yeast & specialty yeast market. The primary interviews were conducted worldwide covering regions such as APAC (72%), North America (12%), Europe (10%), and RoW (6%).

On a related note, another research on Yeast Ingredients Market Global Trends & Forecast to 2020 says, the global market for yeast ingredients is projected to grow at competitive CAGRs of 8.2% and 8.0%, in terms of value and volume respectively, from 2015 to 2020. The global consumption of yeast ingredients was 213.8 KT, and is projected to grow at a competitive CAGR of 8.0% during the forecast period. The European region accounted for the largest share in the market for yeast ingredients in 2014. Companies like Associated British Foods plc, Kerry Group plc, Royal DSM N.V., Sensient Technologies Corporation, Angel Yeast Co., Ltd, Lesaffre Group, Leiber GmbH and LALLEMAND Inc. have been profiled in this 192 pages research report available at .

Explore more reports on the Food and Beverages market at .

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