What Has Been the Growth Trajectory for the Brewer’s Yeast Market in Recent Years?
The brewer’s yeast market has seen considerable growth due to a variety of factors.
•In recent times, there has been significant growth in the market size for brewer’s yeast. It's projected to increase from $4.91 billion in 2024 to $5.4 billion in 2025, equating to a compound annual growth rate (CAGR) of 9.9%.
This robust growth in the past can be credited to various factors such as an enhanced consumer preference for alcoholic beverages, a rise in cases of aortic stenosis, an upsurge in healthcare spending, as well as an increasing occurrence of chronic wounds.
How Does the Forecast Look for the Brewer’s Yeast Market?
The brewer’s yeast market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the brewery yeast market is anticipated to experience robust expansion, reaching a size of $7.62 billion by 2029, with a projected Compound Annual Growth Rate (CAGR) of 9.0%.
The growth during this forecast period can be traced back to the increasing demand for natural and functional components, the rising popularity of craft beer, the expansion of the animal feed sector, population growth and the increase in consumer income, marked market expansion, and the growing usage of brewer's yeast in food and nutrition. The forecasted period is also expected to see trends such as product innovation, increased demand for frictionless online purchasing experiences, the impact of evolving technologies, the effects of mergers and acquisitions, and regional dynamics.
What Are The Leading Drivers Of Growth In The Brewer’s Yeast Market?
The booming inclination of consumers towards alcoholic beverages is poised to propel the expansion of the brewer's yeast market. Alcoholic beverages, encompassing beer, wine, and distilled spirits, refer to any fermented drink with the presence of ethyl alcohol, also recognized as ethanol. Producing alcohol involves fermenting carbohydrates, a process performed by active brewer's yeast (Saccharomyces cerevisiae). This surging appeal of alcoholic beverages among consumers is thus set to spike the brewer’s yeast market. A report by Statistics Canada, a national statistical organization based in Canada, revealed that by 2023, retail and liquor authority sales of alcoholic beverages touched the $26.1 billion mark on March 31, 2022, reflecting a 2.4% surge compared to the prior year. Wine sales displayed a 2.1% increment, reaching $8.1 billion in both 2021 and 2022. Moreover, in 2021–2022, beer constituted 34.9% of the total alcohol sales' worth, trailed by wine (31.3%), spirits (25.8%), ciders, and coolers (8.0%). Hence, it is evident that the escalating enthusiasm for alcoholic beverages among consumers is fuelling the growth of the brewer’s yeast market.
How Are The Segments Defined Within The Global Brewer’s Yeast Market?
The brewer’s yeast market covered in this report is segmented –
1) By Type: Dry Brewer's Yeast, Fresh Brewer's Yeast, Instant Brewer's Yeast, Other Types
2) By Distribution Channel: Salon And Breweries, Departmental And Superstores, Online
3) By Application: Food Supplements, Feed Supplements, Other Applications
4) By End-User: Food And Beverages, Pharmaceutical, Breweries, Nutraceutical Manufacturers, Other End Users
Subsegments:
1) By Dry Brewer's Yeast: Active Dry Yeast, Instant Yeast, Other Dry Variants
2) By Fresh Brewer's Yeast: Liquid Yeast, Cream Yeast
3) By Instant Brewer's Yeast: Rapid Rise Yeast, Quick-Rise Yeast, Other Types
4) By Other Types: Nutritional Yeast, Wild Yeast Strains, Specialty Yeasts
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How Are New Trends Expected To Influence The Growth Of The Brewer’s Yeast Market?
The central trend making waves in the brewer's yeast market revolves around product innovation. To maintain their market stand, key players in the brewer's yeast market are honing in on the creation of new products. For illustration, in February 2023, White Labs, Inc., a firm from San Diego renowned for its liquid yeast and fermentation products, broadened its portfolio with the introduction of dry yeast options, starting with its famed WLP001 (California Ale) strain. This move caters to the escalating demand for dry yeast from hobbyists in brewing and commercial brewers, spurred on by burgeoning technological advancements in drying and the growing artisan beer market. The WLP001 dry yeast brings to the table high viability, user-friendliness, and remarkable flavor nuances, setting it up as a prime selection for both residential and commercial brewing ventures.
Who Are the Key Players in the Brewer’s Yeast Market?
Major companies operating in the brewer’s yeast market include:
• Cargill Incorporated
• Archer-Daniels-Midland Company
• Associated British Foods Plc
• Kerry Group Plc
• Nutreco N.V.
• Sigma-Aldrich
• Royal DSM NV
• AngelYeast Co Ltd.
• Alltech Group
• Chr Hansen Holding AS
• Dawn Food Products Inc.
• Lallemand Inc.
• BiOrigin Specialty Products
• Leiber GmbH
• Northern Brewer LLC
• Brewers Supply Group
• Titan Biotech Limited
• Wyeast Laboratories Inc.
• White Labs Brewing Co.
• Omega Yeast Labs LLC
• AB Mauri India Pvt Ltd.
• AEB Group
• F.L. Emmert Company
• Real Brewer's Yeast
• Lesaffre Group
• Laffort SA
• Bruchem Inc.
• Inland Island Yeast Laboratories LLC
• Scandinavian Formulas Inc.
What Is The Most Dominant Region In The Brewer’s Yeast Market?
North America was the largest region in the brewer’s yeast market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brewer’s yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
