What is Global Brewer’s Yeast Market?
The Global Brewer’s Yeast Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of brewer's yeast on a global scale. Brewer's yeast, a by-product of beer production, is a rich source of essential nutrients like protein, selenium, and B-complex vitamins. It's used in a variety of industries, from food and beverages to pharmaceuticals and animal feed. The market's scope is truly global, with key players operating in various regions around the world. The market is influenced by a variety of factors, including consumer preferences, technological advancements, and regulatory policies. Understanding the Global Brewer’s Yeast Market requires a comprehensive analysis of these factors and their interplay.
Liquid, Dry in the Global Brewer’s Yeast Market:
The Global Brewer’s Yeast Market is segmented into two main categories based on the form of the product: liquid and dry. Liquid brewer's yeast is a viscous, liquid form of the yeast that is often used in the brewing industry. It's prized for its ability to ferment quickly and produce a consistent flavor profile. On the other hand, dry brewer's yeast is a dehydrated form of the yeast that is easy to store and transport. It's often used in baking and other food applications. Both forms have their own unique advantages and applications, and their demand varies based on factors like regional preferences, application requirements, and cost considerations. Understanding the dynamics of these two segments is crucial for anyone looking to navigate the Global Brewer’s Yeast Market.
Food Supplements, Feed Supplements in the Global Brewer’s Yeast Market:
The Global Brewer’s Yeast Market finds its usage in a variety of areas, but two of the most prominent are food supplements and feed supplements. In the food supplements sector, brewer's yeast is used as a nutritional supplement due to its high content of essential nutrients. It's often used in health foods and dietary supplements, providing a natural source of protein, vitamins, and minerals. In the feed supplements sector, brewer's yeast is used as a feed additive for livestock and poultry. It's known to improve animal health and productivity, making it a valuable addition to animal feed. The usage of brewer's yeast in these areas is driven by factors like increasing health consciousness among consumers and the growing demand for natural feed additives in the livestock industry.
Global Brewer’s Yeast Market Outlook:
Looking at the market outlook for the Global Brewer’s Yeast Market, it's clear that the sector is on a growth trajectory. In 2023, the market was valued at a substantial US$ 2687.8 million. However, this figure is expected to rise significantly in the coming years. By 2030, the market is projected to reach a value of US$ 3851.5 million. This represents a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2024 to 2030. This growth is likely to be driven by factors such as increasing consumer demand for natural and nutritious food and feed products, advancements in yeast production technology, and the expanding applications of brewer's yeast in various industries.
| Report Metric | Details |
| Report Name | Brewer’s Yeast Market |
| Accounted market size in 2023 | US$ 2687.8 million |
| Forecasted market size in 2030 | US$ 3851.5 million |
| CAGR | 4.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Lesaffre Group, Archer Daniels Midland Company, Nutreco N.V., Alltech Inc., Cargill Incorporated, Leiber GmbH, Associated British Food Plc., AB Mauri India Pvt.Ltd., Kothari Fermentation and Biochem Ltd., Angel Yeast Company, Oriental Yeast Co. Ltd, Hansen Holding A/S, DSM, Bruchem Inc, Scandinavian Formulas, Omega Yeast Labs, Lallemand Inc., Synergy Flavors |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
