(Entertainment-NewsWire.com, August 08, 2019 ) The report "Yeast Market by Type (Bakers, Brewers, Wine, Feed, Bioethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Specialty Yeast by Type (Yeast Extracts and Autolysates), and Region - Global Forecast to 2022" The Yeast Market Is Projected To Account for a Value of USD 5.4 Billion By 2022 Increasing adoption of a health-enriching diet is becoming the new norm among consumers, which is significantly influencing the budget allocation decisions of manufacturers. To maintain their health, consumers are increasingly spending on protein-rich food products such as fermented meat, dairy products, bakery products, and vegetables. Consumers also include fermented food products in their diets, which have encouraged manufacturers to utilize various yeast products. According to MarketsandMarkets, the yeast market is projected to account for a value of USD 5.4 billion by 2022, recording a CAGR of 9.0%.
Browse 117 market data Tables and 49 Figures spread through 189 Pages and in-depth TOC on "Yeast Market - Global Forecast to 2022 "
The Demand for Yeast To Remain Concentrated in the Food Segment Through 2022
Consumers are increasingly becoming sensitive to the impact of food products on their health and have become conscious about the ingredients used. Also, increasing prevalence of diseases such as diabetes and obesity has encouraged manufacturers in the food industry to develop products that are specific to the health requirements of consumers. Manufacturers focus on utilizing various yeast products to enhance the quality and nutrition quotient of food products. Due to these factors, the demand for yeast continues to remain high in the food segment of the yeast market.
The Bioethanol Segment Is Projected To Record the Fastest Growth in the Yeast Market During the Forecast Period
With governments across countries introducing various regulations about low emission rates, manufacturers focus on allocating their budget to environment-friendly and cost-effective alternatives. To comply with the regulations, manufacturers are utilizing yeast such as Saccharomyces cerevisiae to ferment glucose or sucrose and produce ethanol. It helps in the enzymatic degradation of lignocellulosic feedstock and produces bioethanol, which is gaining acceptance as an alternative to gasoline. Due to these factors, the bioethanol segment is projected to record the fastest growth in the yeast market during the forecast period.
The Yeast Market in Asia Pacific To Witness Significant Growth Through 2022
In parallel to the growth in population in various countries of the region, the preference for health-enriching and natural food ingredients remains high. As customers in this region increasingly prefer opting for nutrient-dense food products, manufacturers are increasingly investing in various yeast products to align with their diet requirements. Increasing consumption of fermented food products, such as kefir and pickles, has led to a surge in demand for yeast among manufacturers of the food & beverage industry. On account of these factors, the market is projected to record significant growth by 2022.
Leading players operating in the yeast market include AngelYeast Co., Ltd (China), Associated British Foods plc (UK), Lesaffre Group (France), Koninklijke DSM N.V. (Netherlands), and Chr. Hansen Holding A/S (Denmark). Key players in this market are adopting strategies such as expansions and new product developments to enhance their presence across regions.
Overall, the yeast market is projected to witness significant growth during the forecast period. To gain a leading position, manufacturers are identifying market trends to align their products with consumer requirements. These strategies are further projected to contribute to the growth of the market.
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