Yeast Market Segments and Key Trends 2014-2020
Yeast is one of the mostly and commonly used microorganisms in the manufacturing of food and beverages. Yeast is used in the process of fermentation for its abilities in aiding carbon – release, imparting better aroma, taste, texture, and flavor to food. Yeast is considered as the most consistent fermenting agent in spite of various other chemical fermentation agents available in the market.
The global market for yeast is expected to grow at CAGR of more than 8% from 2014 to 2018. The global yeast market by types can be segmented as global specialty yeast market, yeast extract market, autolyzed yeast market, supplement yeast market, and yeast derivatives market. The North America and Europe are the market leader but in future competition tends to increase in the market of Asia Pacific region.
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Major factors driving the growth of the market are increasing demand of functional bakery products, positive trend in alcoholic beverage consumption and improved production of animal feed enriched with minerals. But rising competition for basic raw material is one the major barrier in the growth of the market. In future, market for yeast will have huge opportunity from replacing molasses with filtered dates which are extracts for yeast production and from rising concerns over the use of synthetic flavor enhancer.
Some of the major players of the market are Alltech Inc., Ab Mauri, Ab Vista, Chr. Hansen, Bio Springer S.A., Angel Yeast Co. Ltd, Cargill Incorporated, and Dsm N.V.
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