Bakers Yeast Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Bakers Yeast Market is segmented by Form into Compressed/ Solid Yeast, Liquid/Cream Yeast, Dry or Powdered Bakers Yeast and Other Forms & Geography and Geography

Market Snapshot

bakers yeast market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Europe
CAGR: 5.1 %

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Market Overview

Global Bakers Yeast market is forecasted to reach USD 2.84 billion by 2024, growing at a CAGR of 5.1% during the forecast period, 2019-2024

  • 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.

By Form
Liquid/ Cream Bakers Yeast
Solid Bakers Yeast
Dry or Powdered Bakers Yeast
Other Forms
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Rest of Europe
Asia -Pacific
India
Australia
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
South Africa
Rest of Middle East & Africa

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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.

Bakers Yeast Market 1

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.

Bakers Yeast Market�2

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables & Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Form

      1. 5.1.1 Liquid/ Cream Bakers Yeast

      2. 5.1.2 Solid Bakers Yeast

      3. 5.1.3 Dry or Powdered Bakers Yeast

      4. 5.1.4 Other Forms

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Russia

        6. 5.2.2.6 Spain

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia -Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 Australia

        3. 5.2.3.3 China

        4. 5.2.3.4 Japan

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 UAE

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Associated British Foods PLC

      2. 6.1.2 Kothari Fermentation And Biochem Ltd

      3. 6.1.3 Angel Yeast Co. Ltd

      4. 6.1.4 Lesaffre International

      5. 6.1.5 LALLEMAND Inc.

      6. 6.1.6 Oriental Yeast India Pvt Ltd

      7. 6.1.7 Goodrich Group

      8. 6.1.8 Fadayeast.Com

      9. 6.1.9 AGRANO Gmbh & Co. KG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Bakers Yeast Market market is studied from 2016 - 2026.

The Bakers Yeast Market is growing at a CAGR of 5.1% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

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.

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