Dublin, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The "Bioethanol Yeast Market Size, Share & Trends Analysis Report By Product Type (Baker's, Brewer's), By Application (Cleaning & Disinfection, Biofuel), By Region (North America, MEA), And Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global bioethanol yeast market size is expected to reach USD 32.67 billion by 2028, registering a CAGR of 14.04% over the forecast period. The market is driven by the rising awareness about sustainable alternatives over petrochemical feedstock, such as biofuels, coupled with the rapidly expanding food and beverages industry.
There is a rising demand for bioethanol yeasts-based disinfection and sanitation products at present owing to the surging requirement to improve hygiene in hospitals, offices, and other public places to inhibit the spread of the infectious COVID-19 disease among staff and patients. The market is also driven by the rising awareness among people about personal hygiene. Furthermore, governments in Europe and North America have implemented stringent regulations for the use of chemical-based formulations, which is expected to boost the product demand, thereby supporting market growth.
However, the product cost is majorly dependent on raw material prices. The costs associated with the procurement of raw materials directly influence the overall cost of bioethanol yeast production. The prices of feedstock, such as corn, gasoline, crude oil, wheat, and soybean oil, are the major factors affecting the product costs. The supply-demand dynamics of the global market are expected to fluctuate owing to the rising demand and shortage of supply. The product is application-specific, which prompts companies to majorly adopt value-based pricing. Bioethanol yeast is composed of similar materials but with different areas of application, it needs to be treated differently as it provides an opportunity for manufacturers to increase their margins without increasing their production costs.
Moreover, the growth of the bakery sector in Europe, especially in Germany, as the country is the largest consumer of rolls and bread in the world, is anticipated to positively impact the product demand over the forecast period. In terms of supply and demand at a global level, manufacturers are inclined toward raw material procurement as the key raw materials used in product manufacturing are crop residues. These products are already in a state of oversupply, they also attract demand from other markets, such as biofuel and biogas generation, which negates the overcapacity of raw material availability.
Bioethanol Yeast Market Report Highlights
- In terms of volume, the baker's yeast product segment accounted for a prominent share in the market in 2020 and is expected to witness steady growth over the forecast period
- The cleaning & disinfection segment is projected to register the fastest CAGR over the forecast period due to the increasing cleaning and disinfection activities amid the COVID-19 pandemic
- In 2020, North America accounted for the highest revenue share of the global market due to increased focus on biofuel production coupled with household hygiene practices
- Increasing mergers & acquisitions and new product development activities by key industry participants are anticipated to pave way for higher product demand worldwide
Companies Mentioned
- Novozymes
- Associated British Foods Plc
- Angelyeast Co., Ltd.
- DSM
- Lallemand Inc.
- Leiber Gmbh
- Lesaffre
- Foodchem International Corporation
- Biorigin
- Synergy Flavors
- Ab Mauri
- Omega Yeast Labs, Llc.
- Pak Holding
- Cargill, Incorporated
- lto Ingredients, Inc.
- Chr. Hansen Holding A/S
- Oriental Yeast Co., Ltd.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Bioethanol Yeast Market: Market Variables, Trends & Scope
3.1 Market lineage outlook
3.1.1 Global bioethanol market outlook
3.1.2 Global bioethanol yeast market outlook
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.3.1 Raw material trends
3.3.2 Manufacturing trends
3.3.3 Price trend analysis
3.4 Regulatory framework
3.5 Market dynamics
3.5.1 Market driver analysis
3.5.1.1 Growing demand for bakery products
3.5.1.2 Changing consumer preferences
3.5.2 Market restraint analysis
3.5.2.1 Low profit margins from refineries
3.5.3 Industry challenges
3.6 Impact of Covid-19
3.7 Business environment analysis: bioethanol yeast market
Chapter 4 Bioethanol Yeast Market: Product Type Estimates & Trend Analysis
4.1 Bioethanol yeast type movement analysis & market share, 2020 & 2028 (Kilotons) (USD Million)
4.2 Baker's Yeast
4.3 Brewer's Yeast
Chapter 5 Bioethanol Yeast Market: Application Estimates & Trend Analysis
5.1 Bioethanol yeast application movement analysis & market share, 2020 & 2028 (Kilotons) (USD Million)
5.2 Food
5.3 Animal Feed
5.4 Biofuel
5.5 Cleaning & Disinfection
5.6 Other Applications
Chapter 6 Regional Estimates & Trend Analysis
6.1 Regional movement analysis & market share, 2020 & 2028 (Kilotons) (USD Million)
6.2 Bioethanol yeast market size & forecasts and trend analysis, by regional, 2017 - 2028 (Kilotons) (USD Million)
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Central & South America
6.2.5 Middle East & Africa
Chapter 7 Competitive Landscape
7.1 Recent developments & impact analysis, by key market participants
7.2 Company/competition categorization (key innovators, market leaders, emerging players)
7.3 Vendor landscape
7.4 Strategic framework
Chapter 8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/f3f3yd
