Strong Demand from New End-Use Applications to Drive the Global Yeast Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) May 26, 2014 -- Follow us on LinkedIn – Yeast has been in use for several centuries for manufacturing a wide range of food and beverage products. Yeast is a vital constituent of bread, wine, and beer making processes. Growth in the global yeast market is primarily attributed to increasing demand for wine, beer, animal feed, bio-ethanol, and bakery products. Strong growth over the years has characterized the global market for yeast. The market continues to remain buoyant largely due to the growing consumer acceptance of natural foods. With several food ingredient manufacturers and food processors continuing to seek ways to capitalize on the growing demand for health-oriented foods, demand for yeast is poised to remain steady in the coming years.
Growing demand for natural ingredients in processed foods is expected to augur well for the yeast market. Research studies highlighting yeast extracts as effective alternatives to synthetic food enhancers in improving textures, modifying mouth feel and creating fullness and richness in defatted products will also help contribute towards demand growth. Rising popularity of functional bakery products is expected to drive demand for baker’s yeast. Demand for nutrition enriched bakery products such as whole grain-based products is growing, which in turn is expected to provide a major boost to yeast demand. Increased adoption of stringent food safety regulations will additionally influence yeast consumption patterns. Meanwhile, demand for brewer’s yeast is witnessing significant growth driven by growing consumption of alcohol.
Yeast extracts are garnering increased attention due to their ability to replace salt in a variety of savory foods. With the global drive towards salt reduction in food products gaining traction, there is growing demand for salt substitutes like yeast extracts. Yeast extracts are especially being preferred since, unlike other substitutes, yeast allows for reducing salt content without perceptible changes in taste and flavor. Recent studies on ruminant, equine, porcine and pet animal nutrition have demonstrated the usefulness of live yeast cultures in alleviating digestive disorders in farm animals. The safety aspect, associated with the use of yeast, both to the animal and to the environment, is expected to emerge as an important factor driving growth in the animal feed end-use sector.
As stated by the new market research report on Yeast, Europe represents the largest market worldwide. In addition to being the largest consumer, the region also towers high in R&D investments. Increasing bread consumption, growth of specialty food sector, advances in formulations and greater demand for natural flavoring and ingredients represent major drivers of growth in the market. The United States represents the fastest growing market with a CAGR of 9.2% over the analysis period.
Major players covered in the report include AB Mauri, Angel Yeast Co. Ltd., Chr. Hansen A/S, Kerry Group Plc, Lallemand Inc., Lesaffre Group, Bio Springer, Red Star Yeast Company, Ohly GmbH, Royal DSM N.V., Synergy (High Wycombe) Limited, and Zeus IBA SpA, among others.
The research report titled “Yeast: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, collaborations and other strategic industry activities of major companies. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Application segments analyzed in the report include Flavor Enhancers, Bakery, Animal Feed, Brewery and Others (Probiotics and Dietary Supplements, among others).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Yeast_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
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