Global Brewer’s Yeast Market Size To Worth USD 10.91 Billion By 2032 | CAGR of 8.9%.
Category: Consumer GoodsGlobal Brewer’s Yeast Market worth USD 10.91 Billion By 2032
According to a research report published by Spherical Insights & Consulting, The Global Brewer’s Yeast Market size is to grow from USD 4.65 billion in 2022 to USD 10.91 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period.
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Browse key industry insights spread across 200 pages with 130 Market data tables and figures & charts from the report on the "Global Brewer’s Yeast Market Size, Share, and COVID-19 Impact Analysis, By Product (Dry, Fresh, Instant Dry, and Liquid), By Form (Powder, Tablet, Flake, and Liquid), By Application (Food and Feed), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/brewer-s-yeast-market
Brewer's yeast, also known as Saccharomyces cerevisiae, is a type of fungus used in brewing beer and baking. It is highly nutritious, packed with protein, B-complex vitamins, minerals, and dietary fiber. Brewer's yeast is commonly used as a dietary supplement due to its potential health benefits. It can support the immune system, aid digestion, promote energy production, regulate blood sugar levels, and improve skin health. Beyond its role in brewing and baking, brewer's yeast has gained popularity as a natural and nutrient-rich supplement. With its diverse range of nutrients and potential health benefits, brewer's yeast offers a valuable addition to a balanced and healthy lifestyle.
The instant dry segment is expected to grow at a CAGR of around 8.7% during the forecast period
Based on the product, the global brewer’s yeast market is segmented into dry, fresh, instant dry, and liquid. The instant-dry product segment is expected to showcase the highest growth rate during the forecast period in the brewer's yeast market. Instant-dry yeast offers distinct advantages, including faster and easier activation without the need for pre-hydration. This convenience factor has garnered significant attention and preference from both commercial and home bakers. The instant-dry yeast reduces preparation time, simplifies the baking process, and enhances efficiency in large-scale operations. Additionally, the rising demand for ready-to-use ingredients in the food industry and the growing popularity of home baking and convenience products contribute to the anticipated high growth of the instant-dry product segment in the brewer's yeast market.
The powder form segment held the largest market share with more than 35.6% in 2022.
Based on the form, the global brewer’s yeast market is segmented into powder, tablet, flake, and liquid. The powder form has emerged as the dominant force in the brewer's yeast market, capturing a significant share of the overall market. Powdered brewer's yeast offers several advantages that contribute to its dominance, the powder form provides ease of handling, storage, and accurate dosage measurement, making it convenient for manufacturers and end-users. It can be easily incorporated into various food and beverage applications, including baking, smoothies, and nutritional supplements. The powdered Brewer's yeast exhibits better solubility, ensuring smooth integration into liquid-based products and enhancing its versatility. Additionally, the powder form offers longer shelf life and improved stability compared to other forms, reducing the risk of spoilage and enhancing its market appeal.
Asia-Pacific is predicted to grow at a significant CAGR of around 9.2% over the projected period
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Based on region, the Asia Pacific region is expected to experience significant growth in the brewer's yeast market over the forecast period. The region has a large and growing population, with increasing disposable incomes and changing consumer preferences. As the awareness of the health benefits of Brewer's yeast rises, the demand for natural and nutritional products is expected to surge in Asia Pacific. The booming food and beverage industry in countries like China, India, and Japan presents immense market potential. The rise of craft breweries and the growing popularity of specialty beers further drive the demand for Brewer's yeast in the region. Additionally, the increasing adoption of Western dietary habits and the rise of vegetarianism/veganism contribute to the expanding market for brewer's yeast in Asia Pacific.
Some of the major players in the global brewer’s yeast market include Associated British Food PLC, Lesaffre Group, Alltech, Leiber GmbH, Angel Yeast Co., Ltd., Lallemand, Inc., F.L. Emmert, Nutreco N.V., Biomin, Shandong Bio Sunkeen Co., Ltd., and Archer Daniels Midland Company.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global brewer’s yeast market based on the below-mentioned segments:
Brewer’s Yeast Market, By Product
- Dry
- Fresh
- Instant Dry
- Liquid
Brewer’s Yeast Market, By Form
- Powder
- Tablet
- Flake
- Liquid
Brewer’s Yeast Market, By Application
- Food
- Feed
Brewer’s Yeast Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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