Yeast Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The yeast market is expected to grow steadily. The current market is expected to reach a size of $ 4.49 billion in 2024, and is expected to reach $ 6.52 billion by 2035. The growth rate will be 3.77% from 2025 to 2035. It is mainly because of the increasing demand for yeast in the food and beverage industry, such as bread, beer and wine, and the rising popularity of nutritional yeast among health-conscious consumers. Also, the development of fermentation technology and the trend of plant-based diets will also help to promote the development of the market. The major yeast companies in the world, such as Lesaffre, AB Mauri, and Angel Yeast, are actively involved in strategic cooperation to expand their market share. In recent years, they have reorganized their business strategies, focusing on a number of activities, including establishing a strategic partnership to develop new yeast applications, increasing R & D investment to improve the quality of yeast products, and launching new yeast strains for specific industrial applications. The trend of the market is still developing, and these companies will continue to grow.

Regional Market Size

Regional Deep Dive

Yeast market is a dynamically growing market in many regions, driven by increasing demand from the food and beverage industry, particularly in the baking and brewing applications. North America and Europe are leading in terms of innovation and product development, while the Asia-Pacific region is growing rapidly, owing to the increase in the purchasing power and the changing preferences of consumers. The Middle East and Africa are gradually becoming important markets, owing to the growing interest in fermented foods. In Latin America, there is a trend towards natural and organic yeasts, which is in line with the overall trends in the health and well-being of consumers.

Europe

• Europe is witnessing a surge in demand for organic yeast products, driven by consumer preferences for natural ingredients, with companies like AB Mauri leading the way in organic yeast production.
• The European Union's stringent regulations on food safety and labeling are pushing manufacturers to innovate and improve transparency in their yeast sourcing and production processes.

Asia Pacific

• The Asia-Pacific region is experiencing rapid growth in the yeast market, particularly in countries like China and India, where increasing urbanization and changing dietary habits are driving demand for bakery products.
• Innovations in yeast technology, such as the development of high-performance yeast strains by companies like Angel Yeast, are enhancing production efficiency and product quality in the region.

Latin America

• Latin America is seeing a shift towards health-conscious products, with a growing demand for natural and organic yeast, prompting companies like BioCare Copenhagen to introduce innovative yeast solutions.
• Cultural factors, such as the popularity of traditional baking methods, are influencing the yeast market, with local bakeries increasingly seeking high-quality yeast to enhance their artisanal products.

North America

• The North American yeast market is heavily influenced by the growing trend of craft brewing, with companies like Anheuser-Busch InBev investing in innovative yeast strains to enhance flavor profiles.
• Regulatory changes, such as the FDA's updated guidelines on food additives, are encouraging the use of natural yeast products, prompting companies like Lesaffre to expand their product lines to meet consumer demand for clean-label ingredients.

Middle East And Africa

• In the Middle East and Africa, the growing popularity of traditional fermented foods is boosting the yeast market, with local companies like Al-Ahram Beverages investing in yeast production to cater to regional tastes.
• Government initiatives aimed at promoting food security and local production are encouraging investments in the yeast sector, leading to increased availability of locally sourced yeast products.

Did You Know?

“Did you know that yeast is not only used in baking and brewing but also plays a crucial role in the production of biofuels and pharmaceuticals?” — International Journal of Food Microbiology

Segmental Market Size

Yeast is the subject of the utmost interest and is of great utility to the food and beverage industries. It is a field which is experiencing a resurgence of interest, in consequence of the ever-increasing demand for natural and organic products. In the same way, the increasing popularity of artisan breads and artisan beers, together with the trend towards a more healthy diet, which favours fermentation processes, are all factors contributing to this growing demand. Moreover, the regulatory trend towards 'clean label' products is a further reason for yeast to be viewed as a natural and desirable ingredient in many different products. This area is now well established, with companies such as AB InBev and Unilever being at the forefront of new and innovative applications. In essence, yeast is used in baking, brewing and bio-ethanol production. It is a versatile product which has proved its worth in a wide variety of different applications. Yeast has been in use for many years in the production of bread, but it is now finding other uses, particularly in the field of animal feeds. The development of new strains of yeast is influenced by such factors as genetic engineering and the optimization of fermentation processes.

Future Outlook

The Yeast market is expected to grow at a CAGR of 3.77% from 2024 to 2035. The growing demand for fermented products such as bread, beer and pro-biotics is expected to propel the market. Moreover, the growing use of yeast in the biofuel and pharmaceutical industries is expected to drive the market. The use of yeast in the food and beverage industry is expected to increase from 50.0% in 2024 to 60.0% by 2035. The development of genetically modified yeast strains that enhance fermentation and flavor profiles is expected to drive market growth. The government support to the biofuel and food industry is expected to propel the market. The emergence of plant-based diets and the growing popularity of craft beers are expected to create new opportunities for yeast manufacturers. The companies that are able to harness these trends and invest in research and development are expected to benefit from the growing yeast market.