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The Global Yeast Market Will Reach $5.1 Billion In 2016
- Sep 27, 2018 -

The global yeast industry is reported to be growing at a compound annual rate of 8.6 percent, which will reach us $5.1 billion (3.9 billion pounds) in 2016.

The forecast is based on the data of classification, application, geographical distribution and trend prediction of global yeast market from 2011 to 2016.

The research says the baking, beer, liquor and wine industries dominate the yeast market.

Products with high nutritional value and health have huge market potential for yeast suppliers because these microbial proteins, which can be used as probiotics, are very high.

Market growth

The global yeast market is estimated to have $2.9 billion in 2010 and is expected to reach $5.1 billion in 2016, growing at a compound annual rate of 8.6%.

Baking yeast accounts for 31% of the market, and beer yeast accounts for 45% of the market.

Analysts predict that growth in both developed and developing regions will come mainly from the demand for food and catering and the implementation of new food safety measures.

Regional distribution

Europe and the asia-pacific are the largest, accounting for about 60 percent of the market.From 2011 to 2016, the compound annual growth rate in the asia-pacific region reached 8.8 percent.

North America is growing fastest, with a compound annual growth rate of 9.7 percent and will reach $1.3 billion in 2016.

European and north American manufacturers have less competition for molasses than their Chinese counterparts in the asia-pacific market.

The competitors in the global market are France lesford group, UK AB vision, UK AB Mali, Canada Raman, and Chinese angel yeast.

The report says yeast extract can reduce salt use by food manufacturers and improve the processing and taste of food.

 

Source: www.foodnavigator.com

Sep.27, 2018