Factors Driving Growth in the Global Yeast Market | Technavio

LONDON–(BUSINESS WIRE)–#Food–The latest market research report by Technavio
on the global
yeast market predicts a CAGR of above 9% during
the period 2018-2022.

The report segments the global
yeast market by application (food and beverage and feed and
other yeast applications), by yeast type (baker's yeast, brewer's yeast,
feed yeast, and bio-ethanol yeast), and by geography (the Americas,
EMEA, and APAC). It provides a detailed illustration of the major
factors influencing the market, including drivers, opportunities,
trends, and industry-specific challenges.

Here are some key findings of the global yeast market, according to
Technavio food
and beverage researchers:

• Product launches of food and beverages using yeast varieties: a major
  market driver
• Growing demand for organic yeast offerings: emerging market trend
• EMEA dominated the global yeast market with 38% share in 2017
• In 2017, the food and beverage segment held the highest market share
  of 61%

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Product launches of food and beverages using yeast varieties: a major
market driver

The increase in the demand for end-use sectors is driving the global
yeast market. One of the primary drivers of the market is the high
demand for specialized yeast, which is used to improve the quality of
food and beverages. Yeast helps in accelerating the fermentation process
in edibles, thereby imparting improved aroma, flavor, and texture to the
product. Therefore, several players in the market are introducing food
and beverages using yeast varieties.

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Growing demand for organic yeast offerings: emerging market trend

Organic food ingredients are becoming popular due to the health benefits
they offer. At present, the organic food ingredients is a niche segment.
High production costs and willingness of consumers to pay extra for
products containing organic food ingredients is the primary reason
organic food ingredients are cost intensive. This is because consumers
are concerned about where their food comes from and the impact it has on
the environment and their health. Therefore, organic food ingredients
are becoming more popular among consumers.

According to a senior analyst at Technavio for research on food,
“Players in the market are launching organic yeast that focuses on the
growing need for clean and simple ingredients and delivering flavor
enhancement and taste modification. Several players are expected to
launch organic yeast offerings as the overall demand for organic food
ingredients is increasing at a fast pace during the forecast period.”

Global market opportunities

In terms of regional dominance, EMEA led the global
yeast market, followed by the Americas and APAC in 2017. The
market share of EMEA is expected to increase by 2022.

In the Americas, the overall consumption of bakery products and
alcoholic beverages like beer and wine is high, and this is driving the
market. Similarly, in APAC, factors such as high demand for convenience
foods, changes in eating trends, and rising disposable incomes, is
expected to drive the market.

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