Yeast - Procurement Best Practices & Sourcing Strategies

Procurement Market Intelligence Report

Yeast – Procurement Best Practices & Sourcing Strategies

Yeast Market – Executive Summary, Global Yeast Industry, Yeast Feedstock Analysis, Industry Analysis: Yeast, Optimum Sourcing Practices: Yeast, Global Enzymes Market, Global Industrial Enzyme, Industry Analysis: Enzyme, Supplier Analysis

1. Executive Summary
1.1. Executive Summary
1.1.1. Epilogue
1.1.2. Global Yeast Market Scenario
1.1.3. Procurement Best practice: Yeast
1.1.4. Global Enzyme Market Scenario
1.1.5. Procurement Best Practice: Enzyme
2. Global Yeast Industry
2.1. Global Yeast Industry
2.1.1. Value Chain analysis
2.1.2. Global Yeast Market Outlook
2.1.3. Geographic Landscape: Yeast Production
2.1.4. Geographic Landscape: Yeast Consumption
2.1.5. Global Active Yeast Trade Dynamics
2.1.6. Global Fresh Yeast End-Use
3. Yeast Feedstock Analysis
3.1. Yeast Feedstock Analysis
3.1.1. EU Molasses End-use Analysis
3.1.2. Molasses Global Production and Price Drivers
4. Industry Analysis: Yeast
4.1. Industry Analysis: Yeast
4.1.1. Buyer Power of Brewer’s Yeast
4.1.2. Supplier Power of Brewer’s Yeast
4.1.3. Cost Structure: Yeast
4.1.4. Porter’s Five Forces Analysis
4.1.5. Innovations/Trends
5. Optimum Sourcing Practices: Yeast
5.1. Procurement Strategy: Yeast
5.1.1. Sourcing Strategy: Based on Molasses
6. Global Enzymes Market
6.1. Global Enzyme Market
6.1.1. Classifications of Enzymes
6.1.2. Global Enzyme Market Outlook
6.1.3. Leading Players and Market Share
7. Global Industrial Enzyme
7.1. Global Industrial Enzyme
7.1.1. Global Industrial Enzyme Market Outlook
7.1.2. Global Industrial Enzymes Market Share by Region
7.1.3. Global Food Enzyme Market Outlook
7.1.4. Global Carbohydrase Market Outlook
7.1.5. Global Protease Market Outlook
7.1.6. Global Lipase Market Outlook
7.1.7. Global Enzymes Trade Dynamics
8. Industry Analysis: Enzyme
8.1. Industry Analysis: Enzymes
8.1.1. Cost Structure: Enzyme
8.1.2. Porter’s Five Forces Analysis
8.1.3. Innovations/Trends
9. Supplier Analysis
9.1. Supplier Analysis
9.2. Procurement Insights
9.3. RFI Questions

What is the current valuation of the global yeast market in 2023, and what is the projected CAGR from 2023 to 2030?


The global yeats industry is under constant growth, with a valuation of USD 6.08 billion in 2023 and a CAGR of 8.97% from 2023 to 2030.


What factors contribute to the expansion of the yeast market, especially in the food and beverage sector?


Growing demand for fermented foods, increased craft and specialty beverages, and the vital role of yeast as an extension for improving textures and flavors drive market growth.


Who are the leading players in the yeast market, and how do they contribute to the industry’s growth and sustainability?


Leading players maintaining a competitive environment in the yeast industry include Novozymes, Lallemand, Lesaffre Yeast Corporation, Angel Yeast, AB Mauri, and DSM. These market giants successfully take the lead with their consistent R&D efforts, integration of modern technologies, and timely matching of the consumer pulse.


Global Yeast Market Size


The research statistics demonstrate the trend toward positive and resilient growth in the global yeast market. The future for the industry looks promising. The market’s valuation at USD 6.08 billion in 2023 illustrates its economic importance and how it accommodates changes in consumer tastes and industry conditions. ELINT Market Research projects a Compound Annual Growth Rate (CAGR) of 8.97% from 2023 to 2030, revealing the market’s future path for continued growth over the coming years.


There are various factors contributing to the overall growth of the yeast market. One of these is fresh yeast, which has a value as high as USD 8.4 billion in 2023 alone. The emphasis on fresh yeast reflects its vital role and wide application, most notably in the food or beverage industry. With a projected CAGR of 8.79% from 2023 onwards expected for fresh yeast, it is clear that demand will keep growing steadily, and the market will continue to be robust.


Market Definition


Yeast, a single-celled fungus, is vital in fermentation and is usually considered essential. In industrial applications, its principal function is to convert sugars into alcohol and carbon dioxide. This capability forms the basis for the manufacture of many everyday eatables. Underlying the yeast industry are many strains of yeasts, each tuned to suit specialized applications.


Yeast Market Drivers


Increasing Demand for Bakery Products:


More and more consumers are demanding baked goods, which has created the main impetus for the yeast industry. Yeast is an essential component of the baking business. It speeds up and promotes raising and endowing breads and pastries with their particular texture and taste.


Expanding Beverage Industry:


The development of the global beverage market, especially in beer and wine, is creating demand for yeast. Yeast plays a vital part in the fermentation process that turns sugars into alcohol, generating all those different flavors and fragrances you find in alcoholic beverages.


Growing Awareness of Nutritional Yeast:


As people become more concerned about their health, nutritional yeast has entered the mainstream as a protein and vitamin-laden supplement. This trend meets the increasing demand for yeast in the food and dietary supplement industries.

Yeast Market Challenges


Raw Material Price Volatility:


The yeast industry is also subject to changes in raw material costs, especially molasses and sugar prices. Such price swings often affect production costs, impacting market trends.


Stringent Regulatory Frameworks:


A challenge for yeast manufacturers is complying with the regulatory standards and requirements. Diverse and Stringent regulations in some regions affect information flows, production processes, and the conditions of market accessibility.


Competition from Substitute Products:


Fermentation and leavening agents other than yeast are a competitive threat to the yeast industry. To stay competitive, manufacturers must constantly innovate.


Yeast Market Opportunities


Bioethanol Production:


The increasing focus on alternative energy sources is an ample opportunity for yeast producers. Yeast plays a vital role in the manufacture of bioethanol, a substitute for conventional fuel, which is environmentally friendly.


Functional Yeast in Animal Feed:


Yeast’s probiotic and nutritional value in animal feed represents an unexplored opportunity. Studies show that additives based on yeast may help increase animal growth and overall health. It is another potential dimension of the market stakeholders looking to target.


Innovations in Yeast Strains:


Progressive biotechnology is leading to the production of genetically modified yeast strains with more robust fermentation capabilities. These innovations open up new possibilities for better production efficiency and novel applications.


Yeast Market Trends


Rising Popularity of Clean Label Products:


Consumer awareness regarding ingredient transparency and clean labeling are influencing product demands. Many consumers have become conscious of natural, environmentally safe products, and yeast, a natural raw material that allows for transparent labeling, is included in more clean-label products.


Technological Advancements in Fermentation Processes:


The progress of fermentation technologies, such as automation and precise control technology to improve productivity and scalability of yeast production, also contributes to overall market growth.


Focus on Sustainable Practices:


Sustainability has also become important in the yeast industry, and manufacturers use environmentally friendly methods in production and packaging. It fits in with the broader industry trend toward environmental responsibility.


Yeast Market Segmentation


Yeast Types: The research segments the market based on yeast types into Saccharomyces cerevisiae, Candida, and Torulaspora delbrueckii.


Product Types: The research report classifies the market into Baker’s Yeast, Brewer’s Yeast, Bioethanol Yeast, and Feed Yeast.


Application Areas: According to application areas, the research segments the market into Food and Beverages, Pharmaceuticals, Bioethanol Production, and Animal Feed.


Yeast Market Regional Dynamics


A variety of factors affect the yeast market. In economic terms, geographical differences shape production and consumption patterns, with different drivers behind developments in distinct regional blocs. With a 55% share of production and 32% of consumption, Europe is the most powerhouse in fresh yeast. Many factors contribute to this domain, including European cultures’ deep artisanal tradition of baking and brewing. In particular, because its quality is better and its dynamic performance even more potent than other types of yeast, fresh yeast here plays a vital role. Fresh yeast accounts for 16% of North America’s production and 28% of consumption. There are multiple drivers here, with the indigenous food and beverage industry being a fundamental cornerstone.


Asia-Pacific has become a significant powerhouse, producing 8% of all fresh yeast and consuming 20% of it. The region’s economic boom, urbanization, and changing lifestyle have increased demand for various food and beverage products, especially baked goods and fermented foods. In countries such as China and India, the changing eating habits fostered by an increasingly affluent middle-class lifestyle are one driving force behind an increase in demand for fresh yeast in the region. Latin America occupies a relatively prominent position with its 7% share of the global yeast market. In particular, the abundant traditions of different kinds of bread and pastry provide a constant impetus for the demand for fresh yeast.


Major Exporters


Looking at the global yeast market, we find a rather sophisticated world of trade with France and China both grabbing a significant 24% share of the export market. Apart from their strong production capacities, these nations map out their geography to be well-placed to satisfy the growing international need for yeast. Coming in close behind, Turkey and Germany account for 11% and 9%, respectively; these two nations have a tremendously competitive and well-structured market ecosystem based on diverse sources channels and cutting-edge factories.


Major Importers


As for imports, the United States takes on a larger than usual share, which accounts for about 7% of global yeast importation. It reveals the U.S.’s role as a leading consumer and exporter in the global yeast market, reflecting its high-energy food industry. In addition, France, The Netherlands, and the U.K. account for 13% of world yeast imports. France and China’s export prestige results from advanced productive forces and a prudent adjustment to global trends in consumer demand. The more significant role of the U.S. as an importer than an exporter reflects its extensive network of suppliers worldwide that service changing consumption patterns in America.


Yeast Market Players


Major suppliers in the yeast market include Angel Yeast, Lallemand, Lesaffre Yeast Corporation, AB Mauri, Novozymes, and DSM. By developing cutting-edge technology, these companies have become essential in meeting the booming appetite for yeast on a global scale.

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