Yeast Market, 2015–2021

Yeast Market
North America dominated the yeast market in 2015 owing to high use of yeast in processed and
bakery. Also, consumption of yeast in wine and brewery industry fuels the yeast market.
However, saturation of yeast industry is likely to affect the growth of market in forecast period
in these regions. Asia Pacific is considered to grow at fastest pace and continues to gain traction
in the coming years. This is mainly attributed to rapidly growing bakery and wine industry.
Moreover, rising disposable income along with high attraction for fast and processed food
stimulates the growth of yeast market in this region.
Latin America is anticipated to show high growth prospects in coming years owing to growing
breweries industry in Brazil and increasing demand for bakery products. Middle East and Africa
is projected to experience decent growth due to abundant raw material resources coupled with
rising living standards and surging disposable income.
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Some of the major players in the yeast market are AngelYeast Co., Ltd, Koninklijke DSM N.V.,
Cargill Incorporated, Synergy Flavors, Leiber GmbH, Chr. Hansen Holding A/S, Associated British
Foods plc, Bio Springer S.A, Lallemand Inc., Oriental Yeast Co., Ltd., Dsm N.V., Alltech and
Lesaffre Group among others. Associated British Foods plc and Lesaffre Group are considered to
be the most prominent players in the yeast market. Presence of multiple players in the market
causes price competitiveness, forcing companies to focus on R&D for innovative and cost
effective products.