Splurge in Demand for Bakery and Fermented Foodstuff to Drive the Fresh Yeast Market
As per a report published on XploreMR, the global fresh yeast market is expected to witness an escalation between 2020 and 2030.
Fresh yeast finds its usage in alcoholic beverages, especially in wine, whiskey, beer. These beverages are consumed in greater proportion in Asia-Pacific these days. It has been reported that fresh yeast does make way for right proportion in terms of flavour as well as texture at the time of its production. This factor is driving the demand for fresh yeast in the alcoholic beverages market.
Besides, consumption of bakery products is on the rise. This rise, in turn, increases the demand for fresh yeasts. Utmost care need to be taken while using yeast as it is known to have low shelf life. The manufacturers are into upscaling the distribution channel along with increase in production capacities herein.
Fermented Food & Beverages to be a Key Growth Driver
Fresh yeast is amongst the key ingredients pertaining to production of fermented beverages and food products. The food products like probiotic foods, yogurt, and certain conventional Asian foods (like Dhokla, Idli, Dosa) are in great demand across the globe (North America, in particular). This factor is expected to be the key growth driver to fresh yeast market in the forecast period.
The outbreak of Covid-19 has instilled a yawning gap between demand for and supply of fresh yeast. People prefer home deliveries of bakery products and also the fermented foodstuff. However, the partial/total lockdown reinforced everywhere is hampering the market in terms of demand-supply ratio. This situation is expected to persist till the end of 2020. The year 2021 is bound to come with new hopes in this regard.
The global fresh yeast market constitutes North America (Canada, US), Eastern Europe (Russia and Poland), Western Europe (Luxembourg, The Netherlands, Belgium, Nordic countries, Italy, Spain, France, UK, Germany), Asia-Pacific (New Zealand, Australia, ASEAN, Japan, India, China), MEA (North Africa, Southern Africa, GCC), and Latin America (Chile, Peru, Brazil, Mexico, and others).
Europe holds the largest share of fresh yeast market. This could be attributed to the increasing usage of cakes and bread since the last few years. On the similar lines, North America stands second. Both collectively hold more than 70% of market share. The minimally processed, natural, healthy, fresh yeast does retain the natural taste of the product it is put in. Asia-Pacific is seeing an upswing as it is witnessing increase in production of bakery products, savouries, cakes, and pastries. The AIBMA (All India Bread Manufacturer’s Association) states that per capita consumption of bread by Indians is over 1.75 Kg. It is expected to grow at the fastest pace in the upcoming period. South Africa and GCC are also witnessing rise in demand herein.
The key players in the fresh yeast market include Chr. Hansen Holdings A/S, Alltech, Associated British Foods PLC, Lallemand Inc., Lesaffre Group, and AngelYeast Co., Ltd. Lesaffre Group put its best inorganic foot forward in Jul 2020 by defining a new-fangled brand territory by partnering with Babel agency. The basic purpose of brand territory is to make use of natural colors in line with the colors of yeast, with blue to add, along with textures borrowing inspiration from micro-organisms.
Important Questions Answered
- What is the growth potential of the Fresh yeast Market?
- Which company is currently leading the Fresh yeast Market? Will the company continue with the winning streak during the forecast period?
- What are the top strategies that players are expected to adopt in the years to come?
- Which regional market is anticipated to secure the highest market share?
- How will the competitive landscape change in future?
- What do players need to do to adapt to future competitive changes?
- What will be the total production and consumption with regards to Fresh yeast by 2030?
- Which are the key upcoming technologies? How will they impact the Fresh yeast Market?
- Which product segment is expected to show the highest CAGR?
- Which application is forecast to gain the biggest market share?
Highlights of TOC:
Overview: Along with a broad overview of the Fresh yeast Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the Fresh yeast Market.
Product Segments: This part of the report throws light on the market growth of several types of products sold by leading companies.
Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the Fresh yeast Market.
Geographical Segments: Each regional market is carefully looked into for understanding its current and future growth scenarios.
Company Profiles: Top players of the Fresh yeast Market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.
The fresh yeast market report analyzes the opportunities in the global market analyzing the data on a historical basis, estimated data for 2018, and forecasted data till the year 2026. Market analysis includes data in terms of both value (US$) and volume (MT) basis. Market outlook of the fresh yeast report covers food and beverage industry overview, bakery market outlook, alcoholic beverages market outlook, macroeconomic outlook, forecasted factors, the market dynamic section includes key drivers, trends, and restraints prohibiting the growth of fresh yeast market, value chain analysis, and others. Competitive landscape of multinational players operating in the business of fresh yeast market and market attractiveness analysis by nature, form, end use, distribution channel, and region are some of the key insights covered in the report.
The research reports asses the market share of fresh yeast market on a global perspective by nature, form, end-use, distribution channel, and regional segment. The regional segment includes fresh yeast market of North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The report provides a market outlook for historical data for 2013 – 2017, and forecasted data for 2018 – 2026. This study includes in-depth analysis of global fresh yeast market including new recent developments, product offerings by key yeast manufacturers in the global fresh yeast market, opportunity assessment, and discuss the key drivers and trends contributing towards the growth of fresh yeast market globally.
Research Steps for Market Crackdown
The global fresh yeast report begins with estimating the market in the base year in terms of value and volume consumption. To arrive at the volume consumption of fresh yeast, XploreMR estimated volume data on consumption of fresh yeast for several countries are assessed by understanding the demand and supply of fresh yeast. It includes production, growth, volume and value sales, transition, pricing, consumption of fresh yeast in the bakery, confectionery, processed food, soups, sauces, dairy products, dietary supplements, meat and poultry products, alcoholic and non-alcoholic beverages, animal food and many other factors were scrutinized. XploreMR then determined the volume consumption of fresh yeast across various regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
To forecast and analyze the data, an internal proprietary model is used by analyzing different macro-economic, industry-based demand driving factors impacting the market and its forecast trends. Factors include the growth of the food and beverage industry using fresh yeast and its sub-industry verticals, the growth of pet food and feed industry, consumption pattern, per capita expenditure, and others. Further, by identifying and allocating a weighted score to macroeconomic and forecast factors that influence the demand for fresh yeast market is assessed.
Factors such as the production of fresh yeast, consumption pattern among end-user industry such as food and beverage industry and animal food and feed industry and others have been taken into consideration to arrive at the volume consumption of fresh yeast in respective countries. While analyzing the market, valid and authorized secondary data sources were considered and also primary interviews were conducted in order to arrive reliable and accurate data about fresh yeast market.
To analyze the pricing of fresh yeast, weighted average selling price method for fresh yeast was considered to estimate the market size for fresh yeast. These prices were captured in their respective countries and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, XploreMR triangulated the data based on the demand side, supply side, and market dynamics of the global fresh yeast market. To develop the global fresh yeast market forecast, XploreMR analyzed various factors to understand their respective impact on the target market. However, quantifying the market across the segments such as by nature, form, end use, and distribution channel segment, it is more a matter of quantifying expectations and analyzing the opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, XploreMR not only provides forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.
Another key feature of this report is the market attractive index of each segment of the global fresh yeast market and the corresponding revenue forecast in terms of absolute dollar opportunity. To understand key segments in terms of their growth and performance in the global fresh yeast market, XploreMR has presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global fresh yeast market on the basis of market size, market share, and incremental opportunity. Revenue forecast in terms of absolute dollar opportunity is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global fresh yeast market.
In the final section of the report on the global fresh yeast market, the competitive landscape is included to provide a dashboard view of global fresh yeast manufacturers. This section also includes the list of key distributors and suppliers for the food and beverage industry. During the course of research, many secondary and primary sources were considered. List of secondary sources includes paid databases, annual reports, investor presentations, publications, newsletters, blogs, reports published by industry associations, and others.
Detailed company profiles of the fresh yeast manufacturers are included in the scope of the study to evaluate their key strategies, key developments in the fresh yeast market space, and regional presence of fresh yeast manufacturers. Some of the key players analyzed are Kerry Group PLC, Angel Yeast Co., Ltd., Oriental Yeast Co., ltd., Leiber GmbH, Renaissance BioScience Corp., Lallemand Inc., Lallemand Inc., DCL Yeast Ltd., Imperial Yeast, Lesaffre Group, Chr. Hansen Holding A/S, Laffort SA, UNIFERM GmbH & Co. KG, AB Mauri Ltd., Koninklijke DSM N.V., and others.
Global Market Study on Fresh Yeast: Rising Demand for Yeast in Alcoholic Beverages Pushing AdoptionBuy Now
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