The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Specialty Yeast Global Market Report 2024 offers crucial insights into the specialty yeast market help businesses analyse and build stronger strategies.

Overview of Market Growth

• From $2.7 billion in 2023 to $2.9 billion in 2024
• Compound Annual Growth Rate (CAGR) of 7.2%
• Driven by:
  • Growth in food and beverage industry
  • Expansion of bioethanol production
  • Growth in animal nutrition industry
  • Demand for gluten-free products
  • Globalization of food supply chains

Future Projections

• Expected to reach $3.85 billion by 2028
• CAGR of 7.4%
• Influencing factors in forecast period:
  • Plant-based protein trends
  • Focus on sustainable practices
  • Emergence of alternative proteins
  • Expansion of craft brewing
  • Prebiotics and digestive health
  • Health-conscious consumer base
• Major trends in forecast period:
  • Clean label and natural ingredients
  • Advancements in yeast biotechnology
  • Customized yeast solutions for food industry
  • Research on yeast-based nutraceuticals
  • Technological advancements

Read The Full Specialty Yeast Market Report Here:
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Rising Alcoholic Beverage Consumption Drives Specialty Yeast Market

Role of Alcoholic Beverages

• Specialty yeast used in alcoholic beverage production
• Improves flavor and fermentation
• Increases demand for specialty yeast
• Example: Online sales of alcoholic beverages expected to reach $42 billion by 2025

Key Players

• Major companies driving growth:
  • Associated British Foods PLC
  • Archer-Daniels-Midland Company
  • Lallemand Inc.
  • Chr. Hansen Holding A/S
  • Kerry Group PLC
  • Others in the specialty yeast market

Innovative Products Driving Specialty Yeast Market Growth

Focus on Innovation

• Key trend: Innovative specialty yeast products
• Example: Ohly’s yeast-based chicken flavor enhancer
• Specially designed for low-sodium meat applications
• Offers variety of yeast-based ingredients

Strategic Acquisition

• DSM acquires Vestkorn Milling
• Deal value: $70 million
• Expanding plant-based feed enzyme portfolio
• Vestkorn Milling specializes in proteins, starches, and dietary fibers

Market Segmentation

• Segments covered in the report:
  1. By Type: Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Other Type
  2. By Species: Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Other Species
  3. By Application: Food, Beverages, Feed, Other Application

Asia-Pacific Leads in Specialty Yeast Market

Market Dynamics

• Asia-Pacific as the largest region in 2023
• Potential for continued growth and innovation

In conclusion, the specialty yeast market is witnessing significant growth driven by various factors such as the rise in alcoholic beverage consumption, innovation in product development, and strategic acquisitions. With projections indicating continued expansion, particularly in regions like Asia-Pacific, the market presents opportunities for both established players and emerging companies to capitalize on emerging trends and consumer demands.

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The Specialty Yeast Global Market Report 2024  provides a comprehensive outlook of the specialty yeast market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The specialty yeast market forecast offers a thorough analysis on specialty yeast market size, specialty yeast market share, prominent players and their strategies.

The Table Of Content For The Specialty Yeast Market Include:
1. Specialty Yeast Market Executive Summary
2. Specialty Yeast Market Segments
3. Specialty Yeast Market Size And Specialty Yeast Market Growth Rate
4. Key Specialty Yeast Market Trends
5. Major Specialty Yeast Market Drivers
……
25. Key Mergers And Acquisitions In The Specialty Yeast Market
26. Top Specialty Yeast Companies
27. Specialty Yeast Market Opportunities And Strategies
28. Specialty Yeast Market, Conclusions And Recommendations
29. Appendix

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