Yeast and Enzymes Market Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#enzymes–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Yeast
and Enzymes Market Procurement Research Report.’ The insights
and data in this report provide a strategic analysis of the supply
markets, factors influencing purchasing decisions, procurement best
practices, pricing models, supplier landscape, and an analysis of the
supplier capability matrix for the agro
commodities and raw materials industry. This report breaks down
the data and analysis behind the procurement of yeast and enzymes and
acts as an all-inclusive guide for making smart purchasing decisions.

“The rise in consumption of bakery products and increasing alcoholic
beverage consumption are the key factors driving the growth of the
global yeast market,” says SpendEdge procurement analyst A Kowshik.
“Also, the pharmaceuticals sector is one of the major customers for
enzymes, and the demand from this sector is forecasted to grow
aggressively due to the expansion of pharmaceutical sectors in growing
economies,” added Kowshik.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Yeast
and Enzymes Market:

• The increasing preference for gluten-free solutions.
• Demand for replacement of chemical additives by natural additives.
• Consolidation in the yeast and enzymes industry.

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The increasing preference for gluten-free solutions:

There is a high demand for gluten-free packaged foods due to increasing
cases of celiac diseases and gluten sensitivity. A new range of
specialized baking enzymes and yeast is being developed by the prominent
players in this market, to meet the increasing demand for gluten-free
products. Moreover, the easy availability of gluten-free enzymes enables
the buyers to manufacture gluten-free products and other wheat-free
applications to cater to the growing demand.

Demand for replacement of chemical additives by natural additives:

The increasing demand for replacement of chemical additives with natural
additives has caused a shift in the usage patterns of food additives.
This has led to the increase in the usage of enzymes and yeast additives
instead of chemical additives in processed foods and other edibles.
Also, replacing the chemical additives with yeast and enzymes helps the
buyers in offering natural products which appeal to the health-conscious
customer segments. Moreover, the use of natural additives has a
beneficial effect on human health, unlike harmful chemical additives.

Consolidation in the yeast and enzymes industry:

The yeast and enzymes industry is experiencing a consolidation in the
form of M&A. The increasing competition and the constant need for
participants to introduce new applications and products have forced
consolidation in this industrial segment. Consolidation in this industry
has led to the increase in its production and research capabilities.
Also, this may lead to the introduction of innovative products in the
market.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]