Bakers Yeast Market

Bakers Yeast Market Size, Share, Growth (2023-2028)

Bakers Yeast Market Size was worth US$ 1.46 Billion in 2023 and is anticipated to reach a valuation of US$ 3.13 billion by 2028 with a CAGR of 10%.

Bakers Yeast Market Overview

Baker's Yeast, also known as Saccharomyces cerevisiae, is a single-celled microorganism from the fungi family that is widely used in the baking industry. It has all of the organelles found in a prokaryotic cell. Because of its increasing application in the food and beverage industries, the Market has seen a rising trend in recent years. It is used to ferment the dough and break down the sugar components. Because of changing customer preferences and a shift toward healthier and more convenient foods, the Market is expected to grow during the forecast period. Bread and biscuits have the highest consumption share in the bakery segment. Consumers also have a high level of disposable income, allowing them to spend more on high-end goods. This Market has seen consistent innovation. It is dissolved in water and activated before being added to food products. It can impart various textures to food products. During the forecast period, the bakery industry is expected to experience high indulgence, which will drive up demand for active Yeast.There is also a trend of eating out, which has increased the demand and emergence of retail outlets for foods like Pizza, burgers, cakes etc., which will further help the Baker's Yeast market to grow.

REPORT COVERAGE:

Bakers Yeast Market Drivers:

Baker's Yeast is primarily used in the bakery industry to produce bread, cakes, pastries, and buns, all of which are in high demand worldwide. An increase in demand for organic and healthy versions of these products has driven the Bakers yeast market demand. It is used as a leavening agent and is easily stored at room temperature. Due to their hectic lifestyles, consumers have shifted toward convenience foods, increasing demand for packaged goods. Pizza consumption has also increased among the working population in recent years, fueling the Baker's Yeast market growth.

Bakers Yeast Market Restraints:

The products used in making baker’s yeast are subjected to follow stringent rules and regulations may degrade the bakers yeast market demand during the forecast period. Consumers increasingly prefer organic products, but the raw materials used in their production are difficult to obtain, raising the price of the products. Many market players are collaborating to develop new solutions for bakers' Yeast because it is difficult to obtain and raw materials are inaccessible. Compliance with these stringent regulations and low demand for organic products due to high prices are two factors that may limit bakers yeast market growth during the forecast period.

Bakers Yeast Market Opportunities:

Monosodium Glutamate, or MSG, was a common food additive used to enhance the umami flavour of foods. It augmented the flavour of other ingredients in the dish. However, many clinical studies have shown that it causes various health issues such as stress, obesity, digestive issues, etc. Baker's Yeast and Nutritional Yeast are increasingly replacing it to improve food flavour and texture. Customers seeking gluten-free or dairy-free options are increasingly focusing on products containing Yeast, as nutritional Yeast is high in vitamins and minerals and aids in maintaining a balanced diet. This is a potential opportunity for all of the Market's key players.

COVID-19 Impact on the Global Bakers Yeast Market:

The COVID - 19 Pandemic has had a significant impact on industries around the world. All industries within the food and beverage sector have been adversely affected. There was an increase in consumer awareness about living a healthier lifestyle and increasing their immunity, which led to increased consumption of health products. Bakery products are expected to have high levels of sugar and calories, and the demand for low-sugar and low-calorie alternatives for these products has increased significantly. There was also a decrease in the consumption of bakery goods, which impacted the demand for Baker's Yeast and decreased its demand. However, due to global lockdowns, people staying at home developed the habit of baking and cooking, which offset the negative impact and helped the market value to grow. 

Bakers Yeast Market Key Developments:

• LalFerm, a personalised baker's yeast solution for bakers worldwide according to their requirements, was introduced by Lallemand Baking in 2019.

• Angel Baker's Yeast Co. Ltd. built a new Biotechnology Research & Development facility in China in 2018. It employs 1500 people, has a built-up area of 36,000 square metres, and is actively looking into new Baker's yeast solutions.

Bakers Yeast Market Segmentation:

Bakers Yeast Market: By Product Type

• Active Dry Yeast

• Inactive Dry Yeast

On a product basis, the active yeast dry segment currently holds the largest share of Baker's Yeast Market and is expected to dominate the Market with a CAGR of 6.6% during the forecast period. It is increasingly used as a leavening agent and has various benefits, which have increased its popularity. It is frequently used in baking. The inactive dry yeast segment is also rapidly expanding because it boosts the nutritional value of products. It is also used in malt beverages because it contains various essential amino acids and minerals.

By Application

• Cakes

• Bread

• Pastries

• Biscuits

• Others

By Application, the cakes segment currently dominates the Baker's yeast market, accounting for the largest share of the Market, and this trend is expected to continue during the forecast period. Following the pandemic, there has been an increase in the demand for Yeast to produce high-quality cakes. Many key players are investing in research and development to find better solutions. As consumers' health consciousness has grown, so has the demand for nutritional Yeast, which contains essential nutrients and minerals that can be used to replace cheese while also increasing the nutritional value of products. The bread category is also expected to grow rapidly during the forecast period as it is widely consumed among the urban and working population. 

Bakers Yeast Market Segmentation Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Middle East & Africa

• Latin America

Since it is the largest producer and consumer of bakery goods and has a well-established bakery industry, the European region is expected to dominate the Baker's yeast market during the forecast period. Many key players are present, and they are investing in technology to develop new products. There has also been an increase in the demand for convenient foods that can meet customers' nutritional needs. Germany is expected to have the highest growth in this Market in the European Union. Organic products with no added preservatives are appealing to consumers. The North American region is also expected to see growth in the bakery sector, increasing demand for Yeast. There is also a growing trend in the region for organic and vegan products, which has increased the demand for new yeast strains and pushed manufacturers to develop new solutions. Healthy alternatives to bakery products are becoming more popular. Fresh Yeast is actively used in the production of gluten-free bakery products. The developing economies of China and India are also expected to grow rapidly as disposable income rises and demand for bakery products grows in the Asia-Pacific region. Foods such as burgers, Pizza, and bread products are also seeing an increase in demand, which will increase the baker’s yeast market demand.

Bakers Yeast Market Key Players:

1. GEA Group

2. Alfa Laval

3. Marel

4. Buhler

5. Bucher Industries

6. Clextral

7. Equipamientos Carnicos S.L

8. Krones Group

9. BAADER

10. Fins Food Processing Equipment B.V.

11. FENCO Food Machinery