Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Bioethanol Yeast Market Size is Expected to Grow from USD 17.63 Billion in 2023 to USD 58.84 Billion by 2033, at a CAGR of 12.81% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Bioethanol Yeast Market Size, Share, and COVID-19 Impact Analysis, By Type (Baker's and Brewer's), By Application (Food, Animal Feed, Cleaning & Disinfection, and Biofuel), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Bioethanol yeast refers to a specialized strain of yeast used in the fermentation process to produce bioethanol, which is a renewable energy source obtained from plant biomass. The yeast strains have a crucial role in the process of converting sugars into ethanol, which is used widely as a biofuel for transport and industrial purposes. Bioethanol yeast is engineered for higher fermentation efficiency, which enhances the yield of ethanol. Furthermore, the main driving force behind the bioethanol yeast market is the increasing demand for renewable energy resources globally and the rising emphasis on the reduction of greenhouse gas emissions. Government policies and regulations that encourage the use of biofuels, including tax incentives and mandates, further fuel the expansion of the market. Advancements in genetic engineering have also led to high-yielding yeast strains improving fermentation efficiency and reducing the costs of production, hence providing a boost to the growth of the market. Yet another key driver has been the increasing adoption of bioethanol in transport fuels, especially in countries that strictly adhere to environmental standards. However, several factors may hinder market growth. The high costs associated with the development and commercialization of genetically modified yeast strains limit widespread adoption, particularly in emerging markets.
The brewer’s segment is predicted to hold the greatest market share through the forecast period.
Based on the type, the bioethanol yeast market is classified into baker's and brewers. Among these, the brewer segment is predicted to hold the greatest market share through the forecast period. This is primarily due to the increasing demand for bioethanol in the transportation and industrial sectors, where brewer's yeast is extensively utilized due to its high fermentation efficiency and suitability for large-scale ethanol production. Brewer's yeast is commonly employed in the fermentation of starches, such as those derived from corn, barley, and wheat, which are key feedstocks for bioethanol production.
The biofuel segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the bioethanol yeast market is divided into food, animal feed, cleaning & disinfection, and biofuel. Among these, the biofuel segment is anticipated to hold the greatest market share during the projected timeframe. This is primarily driven by the increasing global demand for renewable energy sources and the growing emphasis on reducing carbon emissions. Bioethanol, derived from the fermentation of sugars using bioethanol yeast, plays a key role as a sustainable biofuel alternative to fossil fuels, particularly in the transportation sector.
North America is estimated to hold the largest bioethanol yeast market share over the forecast period.
North America is estimated to hold the largest bioethanol yeast market share over the forecast period. These trends have increased their support of biofuels due to renewed interest in renewable sources and favorable government policies. Apart from these facts, the region boasts enhanced agriculture practices that ensure consistent feeds like corn and sugarcane, which are indispensable feedstocks for bioethanol production. On top of that, a more demanding consumer preference towards sustainable products and a rising number of biofuel manufacturing units have contributed significantly to this market growth.
Asia-Pacific is predicted to have the fastest CAGR growth in the bioethanol yeast market over the forecast period. It is because of growing urbanization and increasing energy needs. Apart from this, countries like India and Indonesia spend heavily on renewable energy sources like biofuels, in the name of sustainable development. There are sufficient agricultural resources for feedstock supply to produce bioethanol. Besides, improvements in the fermentation process improve production efficiency. This makes bioethanol a more viable option for generating energy across the region.
Competitive Analysis
Major key players in the bioethanol yeast market are Novozymes, Associated British Foods plc, DSM, AB Mauri, Cargill, Inc., AngelYeast Co., Ltd., LALLEMAND Inc., Leiber GmbH, Lesaffre, Foodchem International Corporation, Omega Yeast Labs, LLC., Pacific Ethanol, Inc., Oriental Yeast Co., Ltd.
Key Target Audience
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the bioethanol yeast market based on the below-mentioned segments:
Global Bioethanol Yeast Market, By Type
Global Bioethanol Yeast Market, By Application
Global Bioethanol Yeast Market, By Regional Analysis
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