Brewer’s Yeast Market to Grow with a CAGR of 7.54% through 2028
Rising demand for natural and nutritional supplements
and expanding applications in pharmaceuticals are factors driving the Global
Brewer’s Yeast Market in the forecast period 2024-2028.
According to TechSci Research report, “Brewer’s
Yeast Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Brewer’s Yeast Market stood at USD
5.45 billion in 2022 and is anticipated to grow with a CAGR of 5.45% in the
forecast period, 2024-2028. The Global Brewer's Yeast Market is characterized
by a complex interplay of drivers, trends, and challenges that shape its
dynamics and growth trajectory. The market's diverse applications in various
industries, including food and beverages, pharmaceuticals, and animal
nutrition, contribute to its prominence on the global stage.
Brewer's yeast, scientifically known as Saccharomyces
cerevisiae, is a type of yeast that is used in the fermentation process of beer
production. It is a single-celled fungus that plays a crucial role in
converting sugars into alcohol and carbon dioxide during the brewing process.
Brewer's yeast is responsible for both the fermentation that produces alcohol
and the carbonation that gives beer its characteristic effervescence.
The Global Brewer's Yeast Market is
driven by several key factors. The increasing demand for natural and
nutritional supplements has positioned brewer's yeast as a valuable source of
protein, B vitamins, and minerals. As health-conscious consumers seek alternatives
to synthetic supplements, brewer's yeast's wholesome composition becomes highly
appealing.
Functional foods and beverages have
gained immense popularity, prompting the integration of brewer's yeast into
these products. Its potential to enhance gut health, modulate immunity, and
provide unique flavours aligns with the consumer drive for holistic well-being
and flavourful experiences.
In the pharmaceutical sector, brewer's yeast's
beta-glucans have led to exploration in immune-modulation, diabetes management,
and wound healing. This versatility positions it as a potential solution to
several health challenges, thereby driving demand.
The growth of the livestock and animal feed industries
is another driver. Brewer's yeast's nutritional content contributes to the
improved health and growth of animals, addressing the demand for sustainable
and high-quality meat production.
Several trends are shaping the Global Brewer's Yeast
Market. The rise of personalized nutrition has led to the customization of
brewer's yeast-based products to meet individual dietary needs, supporting
consumers' pursuit of specific health goals. Innovative applications in food
technology have resulted in brewer's yeast's inclusion in plant-based and
lab-grown meat alternatives. Its flavor-enhancing properties and nutritional
benefits contribute to creating more appealing and sustainable food choices.
The emergence of craft and artisanal beverages has
extended beyond traditional brewing, with brewer's yeast being used to create
unique flavors and enhance the complexity of non-alcoholic drinks like kombucha
and functional beverages.
Sustainability has become a focal point, leading to
the repurposing of brewer's yeast byproducts for animal feed and biogas
production. This aligns with circular economy principles, reducing waste and
contributing to an eco-friendlier production cycle.
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The Global Brewer’s Yeast Market is segmented into
product, form, application, distribution channel, regional distribution, and
company.
Based on product the market is segmented into Dry,
Fresh, Instant Dry, Liquid. The demand for dry brewer's yeast is rapidly
increasing in the Global Brewer's Yeast Market. Dry brewer's yeast offers
advantages such as extended shelf life, ease of storage, and concentrated
nutritional content. Its popularity is driven by its convenience and
versatility, making it an attractive option for various industries, including
food and beverages, dietary supplements, and animal nutrition. The stable
nature of dry brewer's yeast aligns with the demand for consistent quality and
longer-lasting products in today's market.
Based on form the market is segmented
into powder and tablet. Based on application the market is segmented into food
and feed.
Based on distribution channel the market
is segmented into online and offline. The Global Brewer's Yeast Market is
experiencing a notable surge in demand through online distribution channels.
The convenience, accessibility, and wide reach of online platforms have
contributed to this trend. Consumers are increasingly turning to e-commerce for
purchasing brewer's yeast due to the ease of browsing, comparing products, and
doorstep delivery. This rise in online demand reflects the evolving consumer
shopping habits and the growing digital landscape's impact on the distribution
dynamics of brewer's yeast products.
Based on region the market is segmented
into five regions North America, Europe, Asia Pacific, Middle East &
Africa, and South America.
Major companies operating in Global Brewer’s
Yeast Market are:
- Associated British Food plc
- Lesaffre Group
- Alltech
- Leiber GmbH
- Angel Yeast Co., Ltd.
- Lallemand, Inc.
- F.L. Emmert
- Nutreco N.V.
- Biomin
- Shandong Bio Sunkeen Co., Ltd.
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“Innovative applications in food technology is a
significant trend that is expected to have an impact on growth over the
forecasted period. Rising demand of artisanal beverages, growing interest in
functional foods and beverages, and expanding applications in pharmaceuticals
will positively impact the Global Brewer’s Yeast Market. Due to the wide range
of products available to meet specific needs of, as well as the growing
popularity of the online sales channel, the market is growing at impressive
rate through projected period.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Brewer’s Yeast Market By Product (Dry, Fresh,
Instant Dry, Liquid), By Form (Powder, Tablet), By Application (Food, Feed), By
Distribution Channel (Online, Offline), By Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Brewer’s Yeast Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Brewer’s Yeast
Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
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