Brewer’s Yeast Market Research, Key Players, Analysis And Forecast 2030: Grand View Research Inc.

Brewer’s Yeast Market is Booming globally with Marginal Growth

San Francisco, 13 March 2024: The Report Brewer’s Yeast Market Size, Share & Trends Analysis Report By Product (Dry, Liquid), By Application (Food Supplements, Feed Supplements), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030

The global brewer’s yeast market is expected to reach USD 12.08 billion by 2030, and is anticipated to expand at a CAGR of 9.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Brewer's yeast, which was originally used in beer brewing, has spread beyond the brewery. A key factor propelling this market is the escalating demand for natural and functional components in the food and beverage sector. Loaded with vital nutrients such as B vitamins, protein, and minerals, brewer's yeast is an advantageous ingredient in numerous food items, encompassing bread, dietary supplements, and savory snacks. With a growing consumer focus on health and the pursuit of nutritionally enhanced products, the appeal of brewer's yeast as a natural nutrient source has significantly increased.

Furthermore, the growing health and wellness movement has been a key driver in the brewer’s yeast market. This yeast is frequently praised for its possible health advantages, such as bolstering the immune system, aiding digestive health, and potentially lowering cholesterol levels. As awareness of these health benefits increases, and consumers actively look for products that enhance general well-being, there has been a rising demand for supplements and functional foods that incorporate brewer's yeast.

In addition, the growing popularity of plant-based and vegetarian diets has created fresh avenues for the use of brewer's yeast. It acts as a practical protein source and a flavor enhancer in plant-based foods and drinks, assisting producers in meeting the needs of an increasing number of people who are either looking for alternatives to meat or aiming to cut down on their consumption of animal products. Brewer's yeast also imparts a savory and umami taste to these products, establishing itself as a multifaceted component in vegetarian cooking.

The swift growth of the craft beer industry has significantly escalated the demand for brewer's yeast. Craft brewers often experiment with various yeast strains to create a diverse array of beer styles and flavors, leading to an increased usage of brewer's yeast. The use of genetically modified brewer's yeast is becoming more common to enhance the flavor attributes of craft beer. This yeast is engineered to maximize its effectiveness in craft beer production, aiming to improve the flavor nuances of the beer while reducing its bitterness. As a result, the rising popularity of craft beers is expected to drive a greater demand for specialized yeast strains.

Brewer's yeast, packed with vital nutrients such as B vitamins, protein, and minerals, has become a key ingredient in a variety of food items, ranging from bread to dietary supplements and savory snacks. With the rise in health awareness, consumers are actively looking for products enriched with nutritional benefits. This shift has led to a significant increase in the popularity of brewer's yeast as a natural nutrient source.

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The growth of the craft beer industry has significantly increased the demand for brewer's yeast. Craft brewers often experiment with unique yeast strains to create diverse beer styles and flavors, leading to increased consumption of brewer's yeast. Genetically modified brewer’s yeast is used to enhance the flavor profile of craft beer. Brewer’s yeast is genetically modified to support its usage in craft beer production to enhance the flavor of the end product and reduce its bitterness. Therefore, the growing popularity of craft beers is expected to result in an increased demand for specific yeast strains.

Brewer’s Yeast Market Report Highlights

  • The dry brewer’s yeast segment held a market share of 70.9% in 2023 in the global market. Dry brewer's yeast provides more uniform outcomes in fermentation and flavor development, and it's less susceptible to contamination from temperature fluctuations. Additionally, the reduced costs associated with producing and transporting dry yeast enhance its affordability, making it a preferable choice for cost-conscious brewers.
  • The feed supplements segment is projected to grow at a CAGR of 9.3% from 2024 to 2030. Brewer's yeast, known for its high content of protein, B vitamins, and minerals, presents an appealing choice for animal feed supplements. Incorporating brewer's yeast into the diets of animals can aid in enhancing their general health, growth pace, and productivity.
  • Europe dominated the market with a share of 32.9% in 2023. In Europe, with more than 70 million households owning pets, there's a rising awareness among consumers about the necessity of a balanced diet for their pets. This is anticipated to influence the demand for brewer's yeast positively. Additionally, recent trends show that European consumers are becoming increasingly health-conscious, gravitating towards food choices that are both healthier and more sustainable.

The continuous demand for novel and sustainable alternative proteins is also driving the demand for brewer’s yeast. Technological innovations in the brewer’s yeast industry support the growing demand for yeast proteins. Yeast biomass is such that 35%-60% of its dry weight is proteins. Due to their ideal amino acid composition, yeast proteins offer significant potential as alternative proteins. Yeast proteins extracted from brewer’s yeast can be hydrolyzed to produce yeast peptides, which are used in protein supplements, meat extenders, and fining agents.

The market in the U.S. is expected to grow in the coming years, driven by the increasing demand for brewer's yeast from the feed and food supplement industries. The key players in the market are expected to focus on innovation and product development to maintain their market shares. Growing meat consumption in the U.S. and stringent regulations regarding meat quality are expected to remain key driving factors for the market. Moreover, consumers are concerned about the environmental impact of traditional meat production and are seeking sustainable and ethical options. This has led to an increase in demand for organic, grass-fed, and free-range meat products.

The brewers' yeast market is experiencing significant changes due to strategic partnerships and mergers, leading to groundbreaking innovations and reshaping the industry's dynamics​​. Companies in the market are exploring new territories, adapting their products to local tastes and preferences, and innovating in logistics and distribution to meet global demands​​. Additionally, there is a growing trend towards tailored yeast blends and product variants that cater to individual dietary needs and preferences.

Brewer’s Yeast Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 6.94 billion

Revenue forecast in 2030

USD 12.08 billion

Growth rate

CAGR of 9.7% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

The healthcare industry in the U.S. invests heavily in research & development activities on account of the presence of a number of pharmaceutical companies. In addition, rising awareness among the population regarding the use of nutritive supplements instead of synthetic drugs is anticipated to increase the demand for brewer's yeast over the forecast period. Easy availability, convenience, and awareness among consumers regarding the use of brewer's yeast in ready-to-drink tea beverages are also likely to augment product demand over the forecast period. Moreover, the usage of brewer's yeast is increasing in bakery and confectionery products on account of its favorable properties.

Several market players such as Leiber, Lallemand, Inc, Archer Daniels Midland Company are involved in merger and acquisition activities. Through M&A activity, these companies can expand their geographic reach and enter new territories.

Key Brewer’s Yeast Companies:

The following are the leading companies in the brewer’s yeast market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these brewer’s yeast companies are analyzed to map the supply network.

  • Associated British Food plc
  • Leiber
  • Lallemand, Inc
  • Archer Daniels Midland Company
  • Chr. Hansen Holding A/S
  • Shandong Bio Sunkeen Co., Ltd.
  • Lesaffre Group
  • White Labs
  • Angel Yeast Co., Ltd.
  • HEBEI TOMATO INDUSTRY CO LTD.

 


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