Market Overview
The Brewer’s Yeast market has witnessed impressive growth in recent years and is poised for further expansion, with a promising market outlook for the forecast period from 2024 to 2032. Valued at USD 6.59 billion in 2023, the global Brewer’s Yeast market is anticipated to grow at a compound annual growth rate (CAGR) of 9.6%, reaching a projected value of USD 15.01 billion by 2032. This article explores the Brewer’s Yeast market’s key drivers, growth potential, trends, in-depth segmentation, and regional outlook.
Brewer’s yeast is a type of yeast primarily used in the fermentation process of beer, wine, and other alcoholic beverages. It is also commonly used in food production, animal feed, and as a nutritional supplement. Brewer’s yeast is rich in protein, B vitamins, and other nutrients, making it a valuable ingredient in the food industry. The market is supported by the growing demand for alcoholic beverages, the rising consumption of dietary supplements, and an increasing focus on natural ingredients in food production.
Market Drivers
- Rising Demand for Alcoholic Beverages: The global beer and alcohol industry continues to expand, particularly in emerging markets. The increasing popularity of craft beer and the growing trend of homebrewing have led to an increased demand for brewer’s yeast, a key ingredient in the fermentation process.
- Growing Awareness of Health Benefits: Brewer’s yeast is recognized for its health benefits, such as improving digestive health, supporting the immune system, and aiding in weight loss. These advantages have led to a rise in its incorporation into dietary supplements, driving market demand.
- Demand for Natural and Organic Ingredients: With consumers becoming more health-conscious, there has been a shift toward natural and organic food products. Brewer’s yeast, as a natural product, is increasingly being used in food products, including bakery goods, dairy, and functional foods.
- Expansion of the Animal Feed Industry: Brewer’s yeast is used as a supplement in animal feed to improve livestock health and productivity. The increasing demand for protein-rich animal feed is expected to fuel market growth in the coming years.
Growth Potential
The Brewer’s Yeast market is expected to grow significantly due to factors such as expanding applications in various industries. As consumers increasingly demand healthier food and drink options, Brewer’s Yeast’s role as a functional ingredient is gaining prominence. The growth of the dietary supplements industry, particularly in regions like North America and Europe, will also boost the market.
The market’s growth trajectory is also supported by the continued rise in plant-based diets, which rely heavily on natural sources of nutrition such as brewer’s yeast. Moreover, the growing adoption of e-commerce platforms for purchasing dietary supplements and food ingredients provides opportunities for market expansion.
Key Players:
- Alltech Inc.
- Angel Yeast Co., Ltd.
- Archer Daniels Midland Company
- Associated British Foods plc
- Chr. Hansen Holding A/S
- Inland Island Yeast Laboratories
- Kerry Group plc
- Lallemand Inc.
- Leiber GmbH
- Lesaffre Group
- Omega Yeast Labs
- Oriental Yeast Co. Ltd
- Shandong Bio Sunkeen Co., Ltd.
- Synergy Flavors
Key Trends
- Health-Conscious Consumer Trends: The rising preference for health and wellness products is one of the most prominent trends in the Brewer’s Yeast market. Consumers are increasingly looking for products that offer additional health benefits, such as gut health, skin care, and immunity support, making brewer’s yeast an attractive option.
- Innovations in Brewer’s Yeast Applications: Brewer’s yeast is being explored for use in various innovative applications, including plant-based food products, functional beverages, and even cosmetics. Companies are investing in research and development to discover new ways to use this versatile ingredient.
- Sustainability Focus: As sustainability becomes a more significant concern, the use of brewer’s yeast in biodegradable packaging and eco-friendly products is gaining traction. This trend is expected to boost demand in both food and non-food applications.
Market Segmentation
- By Type:
- Active Dry Yeast: Most commonly used for baking and brewing, active dry yeast holds a dominant share in the market.
- Liquid Yeast: Typically used in large-scale brewing operations, liquid yeast is preferred by commercial brewers.
- Nutritional Yeast: Gaining popularity due to its use in dietary supplements, especially among vegans and vegetarians, for its high B vitamin content.
- By Application:
- Beverage: Brewer’s yeast is primarily used in the production of beer and wine.
- Food: It is used in bakery products, snacks, and other food items.
- Animal Feed: Brewer’s yeast is added to animal feed to enhance nutritional value.
- Nutraceuticals: Brewer’s yeast is also utilized in the production of dietary supplements, owing to its nutritional benefits.
- By Form:
- Dry: Dry forms of brewer’s yeast are highly popular for storage and transportation due to their long shelf life.
- Wet: Wet forms are generally preferred by large-scale breweries and are utilized in fermentation processes.
Brewer’s Yeast Market Report Highlights
- In 2023, the dry segment held significant revenue share owing to its extended shelf life, convenience, and stability.
- The demand for dietary supplements is expected to increase during the forecast period owing to its role in supporting digestive health & immunity, and cholesterol management.
- In 2023, North America region dominated the global market due to growing health and wellness trends, expanding applications in food industry, and demand in brewing industry.
- The market is highly competitive owing to the existence of market players with a global presence, including Alltech Inc., Angel Yeast Co., Ltd., Associated British Foods plc, Kerry Group plc, Lallemand Inc., Leiber GmbH, Lesaffre Group, Omega Yeast Labs, and Oriental Yeast Co. Ltd among others.
Conclusion
The Brewer’s Yeast market is on an upward trajectory, driven by factors such as the increasing demand for alcoholic beverages, health-conscious consumer trends, and innovations in product applications. As the market continues to evolve, it will be essential for industry players to focus on sustainability, product development, and tapping into emerging markets. With an expected CAGR of 9.6% from 2024 to 2032, the Brewer’s Yeast market is poised for substantial growth in the coming years.
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/brewers-yeast-market
The brewer’s yeast market is thriving, fueled by the rapid growth of the craft beer industry. Craft breweries, emphasizing quality and unique flavors, drive the demand for brewer’s yeast, an essential element in beer fermentation. This yeast plays a crucial role in developing distinct flavor profiles. The interdependence between the expanding craft beer sector and the brewer’s yeast market encourages innovation, leading to yeast strains tailored for diverse craft beer styles. With consumers increasingly favoring artisanal beverages, brewer’s yeast’s versatility extends to other fermented drinks and baked goods.
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