The yeast ingredients market was valued at USD 1.7 billion in 2014 and is projected to grow at a CAGR of 8.2%. The base year considered for the study is 2014 and the forecast period considered is from 2015 to 2020. The basic objective of the report is to define, segment, and project the global market size of the yeast ingredients market on the basis of type, application, source, and region. The other objective of the report is to understand the structure of the yeast ingredients market by identifying various segments. The report also helps in analyzing the opportunities in the market for stakeholders, providing a competitive landscape, and projecting the size of the yeast ingredients market and its submarkets in terms of value.
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Based on the application, the yeast ingredients market is divided into food, feed & pet food, pharmaceutical, and others. The food segment accounted for the largest share of the global yeast ingredients market in 2014. Increasing health consciousness and fast-evolving indulgence by consumers are driving the demand for low-salt, low-fat, and no-glutamate food products. Manufacturers of processed food products are targeting consumers with better-for-you low-salt products to boost sales in a stagnating and matured market. This is the key trend shaping the global processed food market. Manufacturers are reverting to various yeast derivatives as their ingredient of choice due to consumer preferences for healthy food.
Based on the source, the yeast ingredients market is divided into baker’s yeast and brewer’s yeast. The baker’s yeast segment accounted for the largest share of the global yeast ingredients market in 2014. Compressed baker’s yeast is the most commonly used product. Commercial baker’s yeast includes products in liquid, creamy or compressed forms, and active dry yeast. Baker’s yeast is a rich source of peptides, amino acids, nucleotides, vitamins, and trace elements. Comparatively higher efficiency and efficient propagation with high performance enabled this source of yeast ingredients to grow at a higher CAGR during the forecast period.
Asia Pacific is projected to witness the fastest growth in the yeast ingredients market during the forecast period. The consumption of food & beverage products in Asia Pacific is rising steadily, driven by the growing population, rising incomes, and increasing urbanization. All these factors support the growth of niche markets such as food ingredients, including yeast ingredients. The market is driven by the growing demand for processed food products in the developing countries, such as India, and China. In the Asia Pacific region, China accounted for the major market of yeast ingredients in 2014. On the account of these factors, the growth of the yeast ingredients market is projected to increase during the forecast period.
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