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Yeast Market is expected to reach USD 8.47Bn by 2026 from 3.51Bn in 2017 at a CAGR of 11.64% (detailed analysis of growth rate has been provided in the report). Yeast has properties that allow food to ferment within a scheduled time that further enhances both tastes as well as the quality of the product. Increase in demand for yeast across bakeries, beer & wine industry for the fermentation process and in skin products are driving the growth of Yeast Market globally.
Yeast Market is segmented by type, form, applications, specialty yeast by type and geography. Yeast market on the basis of type is segmented into bakers, brewers, wine, feed, and bioethanol. Baker’s yeast segment is projected to grow at a higher CAGR during the forecast period in developing regions due to increased use in bakery products. On the basis of application, food sub-segment is growing due to increased use in processed food, dairy products, dietary supplements, and bakery. Fresh yeast sub-segment had governed Yeast Market in 2017. The market on the basis of specialty yeast type is segmented into yeast extracts and autolysates that are the special types of yeasts.
North America formed the largest market for yeast globally with Europe and the Asia Pacific forming other major regions contributing to overall growth. High demand for bakery products is a major driver for this market.
Key Highlights:
• Yeast Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Yeast Market.
• Yeast market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Yeast Market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of the study.
• Yeast market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Yeast market are also profiled.
Research Methodology:
Bloomberg, Factiva, and Hoovers are some of the sites that are being referred to gain insights about Yeast market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Yeast Market globally.
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