Market Trends of Bakers Yeast Industry
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.
