The Global Yeast Ingredients Market is Estimated to Witness High Growth

Author : Prachi CMI | Published On : 04 Feb 2025

Yeast is a single-celled fungus that is known to leaven bread and add flavor and aroma to food products. Yeast ingredients such as active dry yeast, instant yeast, and yeast extracts are widely used in various food applications such as bakery, meat, sauces, dairy, and beverages. Yeast ingredients help improve texture, shelf-life and sensory attributes of food products. The growing popularity of convenience and ready-to-eat foods among consumers has augmented the demand for yeast ingredients from the food industry.

The Global Yeast Ingredients Market is estimated to be valued at US$ 2.98 billion in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the yeast ingredients market are 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.

Yeast Ingredients Market Growth provides lucrative growth opportunities owing to rising consumer preference for organic, clean-label and natural food products. Yeast ingredients offer an sustainable and natural solution to manufacturers for producing clean-label products without compromising on quality and taste.

Globally, the market is witnessing strong growth in Asia Pacific and Latin America due to rising incomes, evolving tastes and growing awareness about benefits of yeast ingredients. Key market players have been making investments in these regions to leverage the increase in demand for healthful and convenient food options.

Market drivers

The global yeast ingredients market growth can majorly be attributed to the rising demand from the food and beverage industry. Food processing companies extensively use yeast ingredients to enhance sensory appeal, nutritional value and shelf life of various food products. With increasing demand for sustainable and natural food ingredients, yeast derivatives are viewed favorably as they are considered Generally Recognized as Safe (GRAS) by regulatory bodies. The abundant availability and affordability of yeast extract make it an suitable ingredient for manufacturers.

Political: Yeast ingredients market is regulated by food safety bodies in various countries and regions. Their regulations influence the production, packaging and distribution of yeast ingredients.

Economic: Economic growth and changing consumer lifestyle and spending habits impact the demand for yeast ingredients. Fluctuations in raw material prices also affect the cost of yeast ingredients production.

Social: Rising health consciousness and preferences for nutritious food have increased the demand for yeast ingredients. Changing food habits and openness to experiment with cuisines using various yeast ingredients is also a key social trend.

Technological: Advancements in yeast cultivation techniques have improved yields. New processing methods help optimize nutrient content and extend shelf-life of yeast ingredients. Automated production lines have increased output volumes.

The yeast ingredients market in terms of value is currently concentrated in North America and Europe. High health awareness and growing demand for baked goods among consumers in countries like the US, Canada, Germany, UK, France etc have boosted the market size in these regions.

Asia Pacific is poised to be the fastest growing regional market for yeast ingredients. Rising disposable incomes, growing population, urbanization and changing lifestyles are fueling the demand for bakery and convenience food products in countries like China, India and other Asian nations. Increasing imports of yeast ingredients to cater to this demand is driving the market growth in Asia Pacific.

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About Author:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)