Market Size of Bakers Yeast Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Baker's Yeast Market Analysis
The global bakers yeast market is expected to grow at a helathy CAGR of 5.1% during the forecast period, 2022-2027.
The COVID-19 pandemic has significantly affected the food and beverages industries across the globe. There was shift in demand for health-based food products during the pandemic and consumers started adopting healthier lifestyle and nutrients in their daily meal. The demand for bakery products reduced with increased focus on healthy food and reduction in high-sugar and high-calorie based foods by people across the globe, negatively impacting demand for baker's yeast. On the other hand, with increased time at home and shutdown of the food outlets outside, a rediscovery of baking and making bread took off across the globe, which is driving increased demand for baker's yeast as compared with pre-COVID-19 levels.
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.
