Global Yeast Market to Reach US$12.0 Billion by 2030

The global market for Yeast estimated at US$6.4 Billion in the year 2023, is expected to reach US$12.0 Billion by 2030, growing at a CAGR of 9.4% over the analysis period 2023-2030. Baker’s Yeast, one of the segments analyzed in the report, is expected to record a 10.6% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Brewer’s Yeast segment is estimated at 9.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 12.4% CAGR

The Yeast market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.0% and 9.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.0% CAGR.

The yeast market has seen substantial growth due to its wide array of applications across various industries. Yeast is a critical component in the food and beverage sector, primarily used in baking and brewing processes. Its ability to ferment sugars into alcohol and carbon dioxide is essential for bread making and beer production. Additionally, yeast plays a vital role in the production of bioethanol, an important renewable energy source. The versatility of yeast extends to the pharmaceutical and biotechnology industries, where it is used in the production of antibiotics, vaccines, and other bioactive compounds. The growing demand for natural and organic food products has also spurred interest in yeast-based ingredients, as consumers seek healthier and more sustainable food options.

Recent advancements in yeast biotechnology have significantly expanded its potential uses. Innovations in genetic engineering have enabled the development of yeast strains with enhanced capabilities, such as improved fermentation efficiency and stress tolerance. These advancements have opened new opportunities in industrial biotechnology, including the production of high-value chemicals and biofuels. Moreover, the development of yeast-based bioplastics and other sustainable materials aligns with the global push towards reducing environmental impact and promoting sustainability. The use of yeast in animal feed as a probiotic and nutritional supplement is another growing trend, driven by the increasing focus on animal health and productivity in the agricultural sector.

The growth in the yeast market is driven by several factors. A major driver is the rising demand for convenience foods and beverages, which has led to increased yeast utilization in baking and brewing industries. The growing bioethanol industry, driven by the need for alternative energy sources, has also significantly contributed to the market expansion. Furthermore, advancements in genetic engineering have facilitated the development of superior yeast strains, enhancing their industrial applications and efficiency. The increasing consumer preference for natural and organic products boosts the demand for yeast-based ingredients. Additionally, the rising awareness of animal nutrition and health supports the growth of yeast products in the animal feed industry. The collective impact of these factors ensures a dynamic and expanding market for yeast in the foreseeable future.