Dublin, Dec. 01, 2023 (GLOBE NEWSWIRE) -- The "Brewer's Yeast Market Size, Share & Trends Analysis Report By Product (Dry, Liquid), By Application (Food Supplements, Feed Supplements), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global brewer's yeast market size is anticipated to reach USD 12.08 billion by 2030 and is projected to grow at a CAGR of 9.6% from 2023 to 2030
Brewer's yeast is a type of yeast that is primarily known for its use in brewing beer, but its applications have expanded beyond the brewing industry. One of the primary drivers of this market is the growing demand for natural and functional ingredients in the food and beverage industry.
Brewer's yeast is rich in essential nutrients like B vitamins, protein, and minerals, making it a valuable addition to various food products, including bread, nutritional supplements, and savory snacks. As consumers become increasingly health-conscious and seek products with added nutritional value, the demand for brewer's yeast as a natural source of nutrients has surged.
The rise of the health and wellness trend has played a pivotal role in driving the market for brewer's yeast. The yeast is often touted for its potential health benefits, including immune system support, digestive health, and even potential cholesterol reduction. As consumers become more aware of these health claims and seek out products that promote overall well-being, the demand for brewer's yeast-based supplements and functional foods has grown.
Furthermore, the expanding market for plant-based and vegetarian products has opened up new opportunities for brewer's yeast. It serves as a viable source of protein and flavor enhancement in plant-based food and beverages, helping manufacturers cater to the growing population of individuals looking for meat alternatives or seeking to reduce their animal product consumption. Brewer's yeast also adds a savory and umami flavor profile to these products, making it a versatile ingredient in plant-based cuisines.
The craft beer industry's rapid expansion has led to a substantial rise in the need for brewer's yeast. Craft brewers frequently engage in inventive yeast strain experiments to craft a wide range of beer styles and flavors. This has, in turn, fueled a heightened consumption of brewer's yeast. Genetically engineered brewer's yeast is being employed to augment the flavor characteristics of craft beer.
Brewer's yeast is genetically modified to optimize its utility in the production of craft beer, with the aim of enhancing the final product's flavor profile while mitigating its bitterness. Consequently, the surging popularity of craft beers is anticipated to generate an increased demand for specific yeast varieties.
Brewer's Yeast Market Report Highlights
- Based on product, the dry brewer's yeast segment held the largest revenue share of 71.2% in 2022 in the global market. Dry brewer's yeast offers more consistent results in terms of fermentation and flavor profiles and has a lower risk of contamination due to temperature changes. The lower production and shipping costs of dry yeast contribute to its cost-effectiveness, making it an attractive option for brewers on a budget
- Based on application, the feed supplements segment is projected to grow at a CAGR of 9.2% from 2023 to 2030. Brewer's yeast, with its rich nutritional profile, including protein, B vitamins, and minerals, can be an attractive option as a feed supplement for animals. Brewer's yeast in animal diets can help improve their overall health, growth rate, and productivity
- In terms of region, Europe dominated the market with a revenue share of 33.06% in 2022. Europe has a presence of over 70 million pet-keeping households. Increased consumer awareness about the importance of a balanced diet for pets is expected to have a positive impact on the demand for brewer's yeast. In recent years, there has developed a growing trend of consumers becoming more health-conscious and seeking healthier and more sustainable food options in Europe.
Company Profiles
- Associated British Food plc
- Leiber
- Lallemand, Inc
- Archer Daniels Midland Company
- Chr. Hansen Holding A/S
- Shandong Bio Sunkeen Co., Ltd.
- Lesaffre Group
- White Labs
- Angel Yeast Co., Ltd.
- HEBEI TOMATO INDUSTRY CO LTD.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 124 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.81 Billion |
| Forecasted Market Value (USD) by 2030 | $12.08 Billion |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Brewer's yeast Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Opportunities
3.4.4. Market Challenges
3.5. Industry Analysis Tools
3.6. Major Deals & Strategic Alliances
3.7. Market Entry Strategies
Chapter 4. Brewer's yeast Market: Product Range Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2022 & 2030
4.2. Dry
4.3. Liquid
Chapter 5. Brewer's yeast Market: Application Estimates & Trend Analysis
5.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
5.2. Food Supplements
5.3. Feed Supplements
Chapter 6. Brewer's yeast Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2022 & 2030
Chapter 7. Competitive Analysis
7.1. Recent developments & impact analysis, by key market participants
7.2. Company Categorization
7.3. Participant's Overview
7.4. Financial Performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2022 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
For more information about this report visit https://www.researchandmarkets.com/r/wdf1xc
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