The global dry yeast market size was valued at $4.5 billion in 2022, and is projected to reach $7.3 billion by 2030, registering a CAGR of 7.1% during the forecast period (2023-2030). Pet owners have become increasingly conscious about the health & well-being of pets captivating towards organic formulations, unfolding growth opportunities for the dry yeast market. Increasing demand for vegetarian and vegan pet food in European countries. From being a product belonging to a niche segment, dry yeast has transitioned to one of the top performing categories in the animal feed industry. Vegan diets have recently been implemented in the pet food market, creating possible moral discomfort to vegetarians and vegans who share their homes with omnivorous and carnivorous pets. Pet food producers commonly use dry yeast for the production of animal-free pet food as it improves the nutritional content as well as the quality of pet food.
The production of active dry yeast is mainly from the molasses which is the end product of sugarcane/ sugar manufacturing plants, thus the production cost involved is also low and are available at cheap cost. The rise of urbanization and western culture has resulted in an increase in demand for bakery products. However, stringent government regulations for yeast and yeast derivative products are expected to limit the use of yeast.
The demand for yeast is being driven by the enrichment of animal feed products and rising alcoholic consumption. The dry yeast market is driven mainly by the end user industries such as bakery and confectionery. Yeast is a daily used item which is required at every home, which is used for the fermentation process of various food items. These foods are designed for ease of consumption such as shelf stable products, refrigerated or frozen products, and dry mixes, as they require minimal preparation. Furthermore, dry yeast are flavor enhancers, which alter the flavors of food products during processing to improve the quality and shelf life. In addition, these food additives help in enhancing the aroma, flavor, and taste of food products. Thus, due to the benefits associated with dry yeast, they are increasingly used in ready-to-cook and ready-to-eat food products, which augments the growth of the global dry yeast market.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product Type
- By Form
- By Base
- By Nature
- By Sales Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Dun & Bradstreet, Inc., Conagra Brands, Inc., London Dairy Co. Ltd., Danone SA, ADM, and others.
Dried Yeast Market Report Segment
By Product Type
- Active
- Inactive
By Form
- Powder
- Flakes
- Tablet
By Sales
- Fortified
- Unfortified
By Application
- Bakery
- Food
- Others
A full Report of Dry Yeast Market is Available @ https://www.omrglobal.com/industry-reports/dry-yeast-market
Dried Yeast Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Aryzta AG
- Associated British Foods PLC
- Bellarise (Pak Group)
- Conagra Brands, Inc.
- Daiya Foods Inc.
- Danone S.A.
- Europastry S.A.
- General Mills Inc.
- Grupo Bimbo S.A.B.De C.V.
- Kerry Group Plc
- Lantmännen Unibake
- London Dairy Co. Ltd
- The Archer-Daniels-Midland Co.
- Vandemoortele N.V.
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