$ 1.63 Bn
$ 912 Mn
$ 798 Mn
$ 228 Mn
The global fresh yeast market is expected to reach $4.3 billion in 2020 while growing at a constant CAGR of 8 to 9 percent. The growth in demand is expected to be high in the Asia Pacific, particularly in China and India, owing to an anticipated rise in demand from processed foods and alcoholic beverage markets. The global enzyme market, on the other hand, is expected to reach $8.4 billion by 2020 with a continuous CAGR of 6.3 percent. Enzyme market is being driven by a growing demand for processed foods and FMCG products.
The yeast used for alcoholic fermentation accounts for almost 31 in the total end-user applications. However, a large portion of this category is consumed by other alcoholic beverages such as wine, spirits, and industrial alcohol segments. Enzymes are classified depending upon their end-user applications, and industrial enzymes occupy 70 percent of the market share. The report also provides a detailed analysis of industry trends, market share by regions, feedstock scenario of both yeast and enzyme products. It also provides an exhaustive list of supplier profiles, global market shares, industry drivers and constraints, and optimum sourcing practices of both industries.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Yeast and Enzymes covers the following
The global fresh yeast market is expected grow at CAGR of 9 percent between 2015–2020 to reach $ 4.3 billion in 2020
Growing demand for processed foods and alcoholic beverages are driving in the market.
The global enzyme market is expected grow at a CAGR of 6.3 percent between 2015–2020 to reach $ 8.4 billion in 2020
The global yeast market recorded a CAGR of 8.9 percent between 2009–2015. The current market size of fresh yeast is above 3.2 million metric tons. Baker's yeast and Autolyzed yeast have the major market share in the overall yeast industry and their combined annual growth is expected to witness 10 percent growth between 2016-2020
EU is the leading yeast producer and nearly 82 percent of the molasses (feedstock) used in EU are produced domestically. Any change in the global sugar beet or sugarcane price and sugar price will highly influence the price of yeast produced in EU and other regions
Increase in the price of molasses, the raw material for fresh yeast production, and energy price cause an increase in total fresh yeast's cost of production, which is generally passed on to the buyers through an increase in yeast prices.