Baker's Yeast Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Baker's Yeast Market Analysis
The global bakers yeast market is expected to grow at a helathy CAGR of 5.1% during the forecast period, 2022-2027.
The COVID-19 pandemic has significantly affected the food and beverages industries across the globe. There was shift in demand for health-based food products during the pandemic and consumers started adopting healthier lifestyle and nutrients in their daily meal. The demand for bakery products reduced with increased focus on healthy food and reduction in high-sugar and high-calorie based foods by people across the globe, negatively impacting demand for baker's yeast. On the other hand, with increased time at home and shutdown of the food outlets outside, a rediscovery of baking and making bread took off across the globe, which is driving increased demand for baker's yeast as compared with pre-COVID-19 levels.
The increasing demand from the end-user sectors, such as food and beverages, is significantly contributing to the growth of the yeast market. There is a huge market for bakers yeast, as it is extensively used for enhancing the quality of bakery goods. Application of compressed yeasts in the bakery industry is growing at a faster rate, due to the increased consumer preference for convenience and packed food products.
The increasing demand for organic yeast offerings is one of the key trends in the yeast market. Organic food ingredients are gaining traction, owing to the health benefits associated with organic products. Several key vendors are launching organic yeast, for example, Biospringer (Lesaffre) launched Springer Organic Baker's Yeast Extract in 2016.
Baker's Yeast Market Trends
This section covers the major market trends shaping the Bakers Yeast Market according to our research experts:
Increasing Demand For Bakery Products
Packed baked goods, such as cake, are expected to witness significant demand in the upcoming years, owing to the rising preference for eating packed cakes as snack, mainly among children across the world. Pizza consumption has been trending at its highest level in the past four years and is showing growth in pizza-focused concepts across channels, which is also expected to drive the demand for baker's yeast during the forecast period. Bread and bakery product sales have been driven by the ongoing surge in demand for free-from ranges and specialty bread and the impact of inflation on retail prices, which is further driving the demand for baker's yeast in bread and bakery product application.
Europe Remains the Largest Region in Baker's Yeast Market
The European bakery market are well-established in terms of the supply chain, product array, distribution channels, and consumer preferences. Innovations and new product development are increasingly observed in the indulgence categories, like cakes, pastries, and cookies. Increasing demand for processed foods, coupled with increasing awareness about health-conscious products is significantly propelling the growth of the baker's yeast market in the European region, which is in turn, driving the growth of the market studied. Several health-claims associated with bakery products, like “organic”, “no additives/preservatives”, and “low/no/reduced allergen”, etc., have been attracting higher sales, as the baby-boomer generation is extremely health conscious, and thus, they tend to dictate the purchasing scenario of bakery products in the region.
Baker's Yeast Industry Overview
The global bakers yeast market is moderately consolidated with some global players, like Associated British Foods PLC (ABF), Lesaffre International, Lallemand Inc., and various regional players majorly from the European region. Companies, such as Lesaffre International, even have an organic range of baker’s yeast, and claims optimum performance in the long-term. This offers an edge to the companies in the international market, especially within Europe. Expansion remained the most preferred strategy in the global baker yeast market, with companies continuously expanding their production capacity and distribution network.
Baker's Yeast Market Leaders
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Associated British Foods PLC
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Kothari Fermentation And Biochem Ltd
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Lesaffre International
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Oriental Yeast India Pvt Ltd
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AngelYeast Co., Ltd
*Disclaimer: Major Players sorted in no particular order
Baker's Yeast Market News
In 2020, Lesaffre Group has has acquired majority stake in Inner Mongolia Biohymn Biotechnology CO.,LTD, a China based company specialized in the production of yeast and yeast extracts.
In 2018, Angel Yeast Co. Ltd unveiled its new purpose-built yeast and biotechnology R&D Center in China. The new center spans a total area of 36,000sqm and can house up to 1,500 people engaged in R&D and related work with the aim to transform the complex into a leading global yeast technology research platform and a world-class biotechnology product R&D center.
Baker's Yeast Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Form
5.1.1 Liquid/ Cream Bakers Yeast
5.1.2 Solid Bakers Yeast
5.1.3 Dry or Powdered Bakers Yeast
5.1.4 Other Forms
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Russia
5.2.2.6 Spain
5.2.2.7 Rest of Europe
5.2.3 Asia -Pacific
5.2.3.1 India
5.2.3.2 Australia
5.2.3.3 China
5.2.3.4 Japan
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East & Africa
5.2.5.1 United Arab Emirates
5.2.5.2 South Africa
5.2.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Associated British Foods PLC
6.3.2 Kothari Fermentation And Biochem Ltd
6.3.3 Angel Yeast Co. Ltd
6.3.4 Lesaffre International
6.3.5 LALLEMAND Inc.
6.3.6 Oriental Yeast India Pvt Ltd
6.3.7 Goodrich Group
6.3.8 Fadayeast.Com
6.3.9 AGRANO Gmbh & Co. KG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Baker's Yeast Industry Segmentation
Baker's yeast is the common name for the strains of yeast commonly used in baking bread and other bakery products. The scope of the report gives market data on sales of baker's yeast in various forms across the globe. The baker's yeast is present in four forms which include Compressed/ Solid Yeast, Liquid/Cream Yeast, Dry or Powdered Bakers Yeast and other forms across the globe. The market is studied in terms of its growth for different regions which includes North America, Europe, Asia-Pacific and Rest of world. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Form | |
| Liquid/ Cream Bakers Yeast | |
| Solid Bakers Yeast | |
| Dry or Powdered Bakers Yeast | |
| Other Forms |
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Baker's Yeast Market Research FAQs
What is the current Bakers Yeast Market size?
The Bakers Yeast Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Bakers Yeast Market?
Associated British Foods PLC, Kothari Fermentation And Biochem Ltd, Lesaffre International, Oriental Yeast India Pvt Ltd and AngelYeast Co., Ltd are the major companies operating in the Bakers Yeast Market.
Which is the fastest growing region in Bakers Yeast Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bakers Yeast Market?
In 2024, the Europe accounts for the largest market share in Bakers Yeast Market.
What years does this Bakers Yeast Market cover?
The report covers the Bakers Yeast Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bakers Yeast Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Baker's Yeast Industry Report
Statistics for the 2024 Baker's Yeast market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Baker's Yeast analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Baker's Yeast Market Report Snapshots
