The global for Yeast Market had a total worth of $3.0 billion in the year 2022 and is projected to increase to $5.52 billion by 2032, with a compound annual growth rate (CAGR) of 7% expected during the forecast period. The growth in the demand for animal protein, enhanced awareness of animal health and nutrition, and increased disposable income in emerging economies are the primary factors propelling the expansion of market revenue.
Feed yeast naturally contains essential nutrients such as protein, fiber, and other vital elements crucial for the growth and development of animals. This natural source of nutrients is gaining popularity as a cost-effective and environmentally friendly alternative to synthetic chemicals, especially in response to the rising demand for animal protein, particularly in the meat and dairy sectors. Furthermore, the consumption of feed yeast has been shown to bolster animals' immune systems, reduce their susceptibility to diseases, and enhance their gastrointestinal health, which is contributing to a heightened demand for this product.
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Top Companies Operating in the Global Yeast Market Report:
- Associated British Foods plc
- Archer Daniels Midland Company
- Cargill, Inc.
- Lesaffre Group
- Alltech, Inc.
- Angel Yeast Co., Ltd.
- Diamond V Mills, Inc.
- Lallemand Inc.
- Nutreco N.V.
- Hansen Holding A/S
Drivers of Yeast Market
- Growing Demand in the Food and Beverage Industry: Yeast is a crucial ingredient in the production of various food and beverage products, including bread, beer, wine, and other fermented goods. As the global population continues to grow, the demand for processed and convenience foods is increasing, driving the yeast market.
- Rising Interest in Health and Nutrition: Yeast is a natural source of essential nutrients, such as B vitamins and proteins. Consumers' increasing focus on health and wellness is driving the demand for yeast-based nutritional products and supplements.
- Expansion of the Craft Beer and Artisan Bread Markets: The craft beer and artisan bread industries have experienced significant growth in recent years. These industries heavily rely on yeast for fermentation, which has boosted the yeast market.
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Yeast Market Segmentation:
Product Type Outlook:
- Active Dry Yeast
- Spent Yeast
- Others
Livestock Outlook:
- Poultry
- Swine
- Cattle
- Aquatic Animals
- Others
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