Bakers Yeast Market - Forecast(2023 - 2028)

Bakers Yeast Market Overview

Report Coverage

Key Takeaways

• Geographically, Europe Bakers Yeast Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for bakers yeast for bioethanol production.
• The increase in the adoption of active dry yeast as a leavening agent in bakery products is driving the Active Dry Yeast segment. However, the inaccessibility of raw materials required in the production of baker’s yeast is one of the major factors that is said to reduce the growth of the Bakers Yeast Market.
• Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Bakers Yeast Market report.

Bakers Yeast Market Size, By Product Type, 2020-2026 (USD Million)

Bakers Yeast Market Segment Analysis - By Product Type

The Bakers Yeast Market based on the Product Type can be further segmented into Active Dry Yeast and Inactive Dry Yeast. The Active Dry Yeast segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.6% over the period 2021-2026. This growth is owing to the factors such as the increase in the adoption of active dry yeast as a leavening agent and the growing awareness about the benefits of active dry yeast. The rise in the adoption of active dry yeast for baking bread is driving the growth of the Bakers Yeast Market. The Inactive Dry Yeast segment held the second-largest share in 2020 owing to the factors such as the growing adoption of inactive dry yeast in various food products to enhance the nutritional profile of the product and the rise in the demand for inactive dry yeast for making malt beverages. It is produced by growing Saccharomyces cerevisiae on sugarcane molasses and has all essential amino acids and minerals.

Bakers Yeast Market Segment Analysis - By Application

The Bakers Yeast Market based on the Application can be further segmented into Cakes, Bread, Pastries, Biscuits, and Others. The Cakes segment held the largest share in 2020 owing to the factors such as the increase in the demand for single cell microorganisms like baker’s yeast to produce cakes and the rise in the investment by the key players to develop quality cake products using bakers yeast (saccharomyces cerevisiae). The rise in the adoption of nutritional baker’s yeast for cake products owing to its excellent source of vitamins and minerals is driving the growth of the Bakers Yeast Market. The Bread segment is estimated to be the fastest-growing segment with a CAGR of 6.8% over the period 2021-2026. This growth is owing to the factors such as the rise in the adoption of baker’s yeast (saccharomyces cerevisiae) as a leavening agent in bread products and the growing consumption of bread as a staple food among the working population.

Bakers Yeast Market Segment Analysis - By Geography

The Bakers Yeast Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Europe segment held the largest share with 30% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for baker’s yeast for bioethanol production and an increase in the consumption of bread as a staple food among the working population. The increasing demand for single-cell microorganisms like baker’s yeast to produce cakes is driving the growth of the Bakers Yeast Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for inactive dry yeast for making malt beverages and the growing investment by the key players to develop nutritional bakers yeast to enhance its applications as a leavening agent.

Bakers Yeast Market Drivers

Rise in the Adoption of Bakers Yeast in Bakery Products

Increase in the Demand for Nutritional Bakers Yeast

Bakers Yeast Market Challenges

Inaccessibility of Raw Materials Required in the Production of Bakers Yeast

Bakers Yeast Market Competitive Landscape:

Partnerships/Product Launches:

• In June 2019, Associated British Foods Plc has entered into a partnership with Yihai Kerry Arawana Holdings Co Ltd for the production and distribution of baker’s yeast products and to operate a new yeast plant in the Taha industrial zone in China for increasing its capacity.
• In April 2019, Lallemand Inc has launched a new brand for fresh baker’s yeast in the North American region to offer tailored yeast solutions for its applications, such as lean dough, rich dough, frozen dough, and sweet dough to attract the customers in the region.
• In February 2019, Lesaffre International Corporation has launched a baker yeast product for the Japanese bread industry to enhance focusing on reducing baking times and speeding up processes and to provide exceptional texture and flavor for the bakery products.

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