The Yeast Market consists of the following types: Baker’s Yeast, Brewer’s Yeast, Wine Yeast, Bio-ethanol Yeast, Feed Yeast. The specialty yeast products market consists of the following types Yeast Extract, Yeast Autolysates, Yeast Beta Glucan Market and Other Yeast Derivatives. The market revenue for yeast in the bakery industry accounted for the largest share in 2014, and was followed by the alcoholic and nutritional supplements in the same year. For bakery industry, Europe was the largest market for yeast in 2014.
The demand for yeast and specialty yeast products is increasing in the market due to its development into varieties of yeast which can have several uses. Multi-national corporations are investing in the research of developing new yeast strains on a global scale, because it is one of the fastest growing markets in the food industry. Existing companies are actively introducing new yeast fermented products and types with different applications to meet the expected demand of the market for baked goods and alcoholic beverages. The use of yeast in the production of bio-ethanol is an opportunity for this market as in recent times there is a requirement for cleaner fuel sources. Regulatory authorities are encouraging producers to use it as an additive in petrol.
Companies such as Alltech Inc. (U.S.), Associated British Foods Plc (U.K.), CHR Hansen A/S (Denmark), Leiber GmbH (Germany), Lesaffre (France), Lallemand (Canada) are the key players of the Yeast Market. These companies use various strategies to make their products unique, product specific and of premium quality to cater to the varying markets in the food and beverage industry.
Be the first to comment