Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

2024-2033 Forecast: What is the Projected Growth Rate for the Fresh Compressed Yeast Market?

The market size of fresh compressed yeast has experienced robust growth in the past few years. The market is projected to escalate from $4.64 billion in 2023 to $5.05 billion in 2024, with a compound annual growth rate (CAGR) of 8.8%. The significant expansion during the historical period can be credited to the growth of the bakery industry, its fundamental role in traditional baking techniques, the proliferation of the food processing industry, increasing population and urbanization, along with heightened health awareness and preference for natural ingredients.

In the coming years, the market size for fresh compressed yeast is expected to witness robust growth and is predicted to reach $6.8 billion in 2028, with a compound annual growth rate (CAGR) of 7.7%. The upward trend during the forecast period is due to factors like the popularity of specialty and artisanal baked goods, growth of quick-service restaurants, creation of allergen and gluten-free products, the widespread consumption of baked goods due to globalization, and the rise in e-commerce for food ingredient sales. Key trends for the forecasted period encompass advancements in yeast strain research, adoption of sustainable and eco-friendly methods, developments in microbial fermentation technologies, innovations in packaging technology, and the surge in demand for clean-label and non-gmo products.

Claim Your Free Sample of the Global Fresh Compressed Yeast Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=10246&type=smp

What Are the Main Drivers Behind the Growth of the fresh compressed yeast Market?

The rise in demand for bakery items is predicted to fuel the expansion of the fresh compressed yeast market. Foodstuffs made in bakeries, such as cookies, cakes, pastries, bread and pies, fall under bakery products. Fresh yeast or compressed yeast is a common ingredient in bread, rolls and other yeast-inflated baked goods, however, due to its short shelf life, it must be utilized within a few days. Fresh compressed yeast stands as a crucial element in the creation of bakery products. As an illustration, data from Euromonitor International from October 2022, posted on the official website of the Canadian government, indicated a retail sale of baked goods in the US touching $67.9 billion in 2021 with an anticipated rise to US$75.8 billion in 2026. Accordingly, the escalating demand for bakery items is catalyzing the expansion of the fresh compressed yeast market.

What Are the Primary Segments of the Fresh Compressed Yeast Market?

1) By Product Type: Baker’s Yeast, Brewer’s Yeast, Bio-ethanol Yeast, Feed Yeast

2) By Form: Fresh Yeast, Active Dry Yeast, Instant Yeast, Other Forms

3) By Application: Functional Food, Beverage Segment, Feed, Other Applications

Which Trends Are Revolutionizing the Fresh Compressed Yeast Market?

Progress in technology is becoming a prominent trend in the fresh compressed yeast industry. The leading corporations in this sector are leveraging novel technologies to maintain their market standing. For example, in December 2022, EvodiaBio, a firm from Denmark that manufactures natural aromas, introduced a sophisticated yeast-based tech solution targetted at the drinks industry. This technique allows, for the first time, the long-term and cost-effective biotechnological generation of volatile scent molecules from beans. By adopting this approach, the brewer can sidestep the exhaustion of finite plant resources and simultaneously reduce CO2 and water emissions by over 90%. This genetically enhanced yeast variant has the potential not only to enhance the taste of non-alcoholic beer but also provides a more eco-friendly replacement for the harvesting, shipping, and processing of hops.

Order Now for Fast Delivery of Your Fresh Compressed Yeast Market Report!

https://www.thebusinessresearchcompany.com/report/fresh-compressed-yeast-global-market-report

Which Geographical Regions Are Pioneering Growth in the Fresh Compressed Yeast Market?

Asia-Pacific was the largest region in the fresh compressed yeast market in 2023. The regions covered in the fresh compressed yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Fresh Compressed Yeast Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the fresh compressed yeast market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Fresh Compressed Yeast Market Include

1. Fresh Compressed Yeast Market Executive Summary

2. Fresh Compressed Yeast Market Segments

3. Fresh Compressed Yeast Market Size And Template Market Growth Rate

4. Key Fresh Compressed Yeast Market Trends

5. Major Fresh Compressed Yeast Market Drivers

……

25. Key Mergers And Acquisitions In The Fresh Compressed Yeast Market

26. Top Fresh Compressed Yeast Companies

27. Fresh Compressed Yeast Market Opportunities And Strategies

28. Fresh Compressed Yeast Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Wholesale Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/wholesale-global-market-report

Grain Products Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/grain-products-global-market-report

Retail And Wholesale Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/retail-and-wholesale-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: