Global yeast market to reach $5.1bn by 2016 - report

By Joe Whitworth

- Last updated on GMT

Related tags Compound annual growth rate

The worldwide yeast industry will grow 8.6% annually until 2016 to $5.1bn (€3.9bn), according to a new report.

The Global Yeast Market by Types, Applications, & Geography - Trends & Forecasts​ report, focussing on data from 2011 to 2016, looked at the global yeast market by type, application, geography and competitiveness.

Bakery products, beer, wine, and bio-ethanol dominate the market with yeast experiencing robust and continuous annual growth in the past few decades, said the study.

Products with high nutritional value and health benefits are seen to have expansion potential for yeast suppliers as the micro-organism is rich in protein and can act as a probiotic.

Market growth

Globally, the yeast market was estimated to be worth $2.9bn (€2.2bn) in 2010 and is expected to reach $5.1bn (€3.9bn) by 2016, growing at an compounded annual growth rate (CAGR) of 8.6% from 2011 to 2016.

According to the report, the market is dominated by baker’s yeast which accounted for more than 31% in 2010, as baker’s and brewer’s yeast captured over 45% of the global micro irrigation system market.

The analysts predicted continued growth in developed and developing regions due to demand in the food and beverage industry and the implementation of new food safety regulations.

Continent breakdown

They said that, Europe and Asia-Pacific were the leading yeast sectors, accounting for around 60% of the market in 2010. Asia-Pacific is the fastest growing geography with a CAGR of 8.8% from 2011 to 2016.

North America is the fastest growing yeast market and estimated to reach $1.3bn (€1bn) by 2016, growing at a CAGR of 9.7% annually until 2016.

Competition for basic raw material, such as molasses to make yeast, is the major restraint in Europe and North America with increased competition from Chinese players in the growing Asia-Pacific market.

The global market of yeast is dominated by companies including Lesaffre Group (France), AB Vista (UK), AB Mauri (UK), and Lallemand (Canada) but regional markets players such as Angel Yeast Co. (China) are also significant.

The report said yeast extracts could help food producers to reduce sodium and aid the repairing process and taste of a product.

Related topics Markets Ingredients

Related news

Related products

show more

Dairy proteins now available from Univar Solutions

Dairy proteins now available from Univar Solutions

Content provided by Univar Solutions | 20-Sep-2023 | White Paper

Foodology by Univar Solutions proudly partners with Leprino Nutrition as their North American distributor of nutritional ingredients and dairy products.

Clean Label Ingredients for Shelf-Life Extension

Clean Label Ingredients for Shelf-Life Extension

Content provided by Lesaffre | 19-Sep-2023 | White Paper

Product waste skyrockets without anti-staling agents and mold inhibitors. But consumers are scrutinizing labels more than ever before. How can you have...

Sustainability Claims Impact on Consumer Purchases

Sustainability Claims Impact on Consumer Purchases

Content provided by ADM | 07-Sep-2023 | Insight Guide

Discover what consumers say about sustainability claims versus what they do in the grocery aisle. Find out in this can’t-miss proprietary study from ADM:...

Cost-effective & efficient: Angel Prebake Solution

Cost-effective & efficient: Angel Prebake Solution

Content provided by Angel Yeast – Yeast and Baking Ingredients | 31-Jul-2023 | White Paper

After years of systematic research and practical application in the production process and essential ingredients for frozen dough, Angel's pre-bake...

Related suppliers

Follow us


View more