|Study Period:||2016 - 2026|
|Fastest Growing Market:||North America|
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The global bakers yeast market is forecasted to grow at a CAGR of 5.1% during the forecast period, 2021-2026.
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.
Scope of the Report
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.
|Liquid/ Cream Bakers Yeast|
|Solid Bakers Yeast|
|Dry or Powdered Bakers Yeast|
Key Market Trends
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.
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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.
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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.
In 2019, Lallemand Baking introduces a new brand for fresh bakers yeast, Lal^Ferm, in North America. The new brand offers Bakers tailored yeast solutions for their applications (lean dough, sweet dough, rich dough, frozen dough, flexible proofing, Vitamin D rich, etc.).
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.
Table of Contents
1.1 Study Deliverables & Study Assumptions
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
5.2.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.2.3 Asia -Pacific
126.96.36.199 Rest of Asia-Pacific
5.2.4 South America
188.8.131.52 Rest of South America
5.2.5 Middle East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Associated British Foods PLC
6.1.2 Kothari Fermentation And Biochem Ltd
6.1.3 Angel Yeast Co. Ltd
6.1.4 Lesaffre International
6.1.5 LALLEMAND Inc.
6.1.6 Oriental Yeast India Pvt Ltd
6.1.7 Goodrich Group
6.1.9 AGRANO Gmbh & Co. KG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Bakers Yeast Market market is studied from 2016 - 2026.
What is the growth rate of Bakers Yeast Market?
The Bakers Yeast Market is growing at a CAGR of 5.1% over the next 5 years.
Which region has highest growth rate in Bakers Yeast Market?
North America is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Bakers Yeast Market?
Europe holds highest share in 2020.
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 are the major companies operating in Bakers Yeast Market.