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Global Yeast Market, 2015 – 2021

Global yeast market will grow USD 4.86 billion by 2021, growing at a CAGR of 8.6

Yeast

Yeast Market Specialty yeast is product originating from natural food yeast, which is used for nutrition, health, and taste. Some of the key specialty yeast are yeast autolysis, yeast extract, and ß-glucan. Yeast is majorly used in food and feed industry. Food segment is the most prominent market segment due to high use of yeast in food industry such as bakery, wine, and breweries. The yeast market was dominated by North America in 2015. This was mainly contributed to high consumption of bakery products along with the majority of shares in wine and brewery industry. However, North America and Europe are anticipated to experience sluggish growth in forecast period due to saturation of yeast market. Asia Pacific is expected to be the fastest growing market owing to rising discretional income and changing preference over the conventional foods towards fast and processed foods. The yeast market in Asia-Pacific is projected to maintain its market in the coming years due to growing bakery and wine industry. There has been tremendous growth of wine industry in Brazil; this is likely to augment yeast market growth in Latin America. The Middle East and Africa is expected to show sustainable growth in the next years owing to rising living standards along with increasing disposable incomes and presence of abundant raw resources. The presence of various vendors in the market forces the companies to focus on R&D for innovative and cost-effective products. AngelYeast Co., Ltd, Koninklijke DSM N.V., Synergy Flavors, Leiber GmbH, Chr. Hansen Holding A/S, Associated British Foods plc, Lallemand Inc., Oriental Yeast Co., Ltd., Alltech and Lesaffre Group among others are some of the major players in the yeast market. Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/yeast-market

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