Yeast Market Intelligence

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Are you looking for answers on Yeast category?

Are you looking for answers on Yeast category?

  • What are the key trends in Yeast category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Yeast industry?
  • How is Yeast industry performing?

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Report Coverage

  • Fresh Brewer's Yeast Value Chain Analysis
  • Global Active Yeast Trade Dynamics
  • Molasses Global Production and Price Drivers
  • Innovations/Trends

Market Size

Market Size North America

$ 1.63 Bn

Market Size Europe

$ 912 Mn

Market Size Asia Pacific

$ 798 Mn

Market Size Latin America

$ 228 Mn

The global fresh yeast market is expected to grow at a CAGR of 9 percent between 2020 and 2024. 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 enzymes market size was valued at $ 9.9 billion in 2019 and is projected to expand at a CAGR of 7.1 percent from 2020 to 2027. Growing demand for processed foods and FMCG is driving the growth of the enzyme market. Growth in demand is expected to be high with a CAGR of 9.5 percent until 2020 in Asia Pacific.

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, yeast ingredients market, feed yeast market, 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, nutritional yeast 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.

Table of Contents

  1. Yeast Executive Summary
  2. Epilogue
  3. Global Yeast market scenario
  4. Procurement Best practice - Yeast
  5. Global Enzyme market scenario
  6. Procurement Best practice - Enzyme
  1. Global Yeast Industry
  2. Value Chain analysis
  3. Global Yeast Market Outlook
  4. Geographic Landscape: Yeast Production
  5. Geographic Landscape: Yeast Consumption
  6. Global Active Yeast Trade Dynamics
  7. Global Fresh Yeast End - Use
  1. Yeast  Feed Stock Analysis
  2. Yeast Feed Stock Analysis
  3. EU Molasses End use Analysis
  4. Molasses Global Production and Price Drivers

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Yeast Global Market Outlook

The global fresh yeast market is expected to grow at a CAGR of 9 percent between 2020 and 2024 

 Growing demand for processed foods and alcoholic beverages are driving in the market.

  • Growth in demand is expected to be high in Asia Pacific, especially in China and India

yeast-and-enzymesThe global enzyme market is expected grow at a CAGR of 6.3 percent between 2015–2020 to reach $ 4.31 billion in 2020

  • Growing demand for processed foods and FMCG's is driving the growth of enzyme market
  • Growth in demand is expected to be high with a CAGR of 9.5 percent until 2020 in Asia Pacific

The global yeast market is projected to reach USD 5.68 Billion by 2024 in value terms backed by the growing bakery industry and growing demand for bakery products globally. 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 9 percent growth between 2019 and 2025.

The global yeast industry is expected to reach $5.40 billion by 2022, with a CAGR of over 9 percent from 2017.. 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

  • The global yeast industry is expected to reach $5.6 billion in 2024, with a CAGR of over 9 percent from 2019. The global yeast market includes all industrial yeast in fresh form.

  • Baker's yeast occupies a major market share because of the growing demand and changing consumer's lifestyle

  • An increase in the usage of ethanol in blending with fossil fuels across the world is driving the demand for bio-ethanol yeast. Market size of bio-ethanol yeast during 2010 was $ 87 million, which is worth over $200 million, at present

  • Wine yeast and other yeast's market value are small compared to Baker's yeast due to the less demand among consumers

Molasses Global Production and Price Drivers

EU is the leading yeast producer and nearly 82 percent of the molasses (feedstock) used in the 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 the EU and other regions

  • Molasses, being the by-product of sugar beet and sugar cane, sugar prices also influences molasses prices. For instance, in 2012,, when EU sugar prices increased by 15 percent year-on-year to $ 728.84/MT, molasses prices increased by 6.25 percent year-on-year to $ 165.42/MT
  • Yeast prices vary in proportion with beet molasses' prices due to its high utilization. Any increase in the price of molasseswill have an impact on the price of yeast
  • Hence, understanding the seasonality of price movement will be helpful in strategic sourcing of yeast Key Takeaway 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.

Value Chain Analysis

The yeast used for alcohol fermentation accounts for almost 31 percent in the total end-use applications. However, the share of brewer’s yeast is minimal. A large portion within this category is consumed by other alcoholic beverages such as wine, spirits, etc., and by the industrial alcohol segment.

Fresh Brewer’s Yeast Value Chain Analysis

With the current market potential for growth in the craft beer segment, the yeast industry is likely to witness a shift in the trend of rising alcoholic yeast production at a supplier level in the near future.

Brewer’s Yeast Production: Current Scenario

  • Most breweries propagate their own pitching yeast for bulk beer production

  • Depending on the strain type and company policy, yeast can be re-used 5 to 15 times, however, some breweries re-use their yeast over 100 times or until fermentation performance significantly declines

  • Stock cultures and strains are maintained either in-house or purchased from external suppliers

Outside Yeast Supplier

  • Some brewers yeast is also produced by yeast suppliers

  • Micro-breweries directly purchase ready to pitch the yeast in dehydrated/liquid form from yeast suppliers for smaller beer volumes

Yeast Strain: Saccharomyces Species

  • A yeast strain is a one-time procurement expense for $1000-2000/strain. The cost of strains within the whole production process is nil

  • Strains for alcoholic fermentation are comparatively expensive as they are specialized to survive in complex production processes

Yeast Substrate

  • Molasses are considered as the most economical substrate for yeast production at an industrial level. A concentration mix of 80:20 of beet to cane molasses respectively is considered ideal for high yields 

  • Homebrewers who propagate yeast in-house, use dried malt extract and agar as a solid growth medium

New Trends in Brewer’s Yeast Procurement

  • There has been a shift in beer consumption, arising from the increasing popularity of craft beers over traditional beer among consumers. Breweries, in order to reduce the complexity and cost involved in maintaining various yeast cultures and propagating them in-house for small batches of beer, have started procuring ‘ready to pitch’ dry yeast from outside suppliers 

  • Some wine and distillers yeast is also being produced at yeast supplier plants nowadays

Cost Structure - Yeast

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.

  • Beet molasses is the most economical feedstock for fresh yeast production, followed by cane molasses. The substrate concentration mix of 80:20 of beet to cane molasses respectively, is considered ideal for yeast production
  • The two highest cost components (raw material and energy), exhibit price volatility and account for 62 percent of the total production cost. The margin for fresh yeast production is 22-25 percent and hence, there is a tendency on the part of fresh yeast producers to pass on the cost increase to the buyers
  • Packaging and waste water treatment is termed as post-production cost and these costs constitute a significant 37 percent of the overall cost. Yeast producers price their product above this cost component with a margin of 22 to 25 percent.

Global Enzyme Market Outlook

The global enzymes market size was valued at $ 9.9 billion in 2019 and is projected to expand at a CAGR of 7.1 percent from 2020 to 2027. Increasing demand from industries such as food and beverage, biofuel, animal feed, and home cleaning, is projected to drive market growth. Industrial enzymes are most likely to witness a high growth rate in the next five years, due to the growing demand from the food sectors.

  • The global enzymes market size is expected to reach $17.2 billion by 2027, registering a CAGR of 7.1 percent. Industrial enzymes that include enzymes used in detergent manufacturing, food & beverage processing, pharmaceutical industry, etc., occupy major market, in terms of value and volume.

  •  Enzymes used in organic synthesis and analytical applications, food analysis,etc. are classified as non-industrial enzymes and these enzymes occupy 40 percent market share in the total enzyme market. Growing demand for sustainable products among consumers and continuous investments by large players in various industries is driving the growth of the industrial enzymes market. However, the uncertain market environment is impacting the industry dynamics at present.

  • The global industrial enzymes market is projected to grow at 7 percent between 2017 and 2020, to reach $8.1 billion in 2020. Food and beverage, and household care enzymes are the biggest segments driving the entire industrial enzyme market  

  • Bioenergy, however, contributes only 15 percent, and is expected to grow at a faster rate owing to the growth in the usage of bio-ethanol in blending with fossil fuels.

  •  Increasing population, focus on yield maximization and reduced use of antibiotics in animals are the major drivers of agriculture and feed enzymes

  • The pharmaceutical industry uses a very limited quantity of enzymes compared to food and households.

Geographic Landscape: Yeast Production

Europe is the major producing and consuming region for yeast and yeast products, followed by North America and China. The yeast industry is flourishing and production is further expected to rise owing to the growing demand for brewer’s yeast, probiotic yeast, yeast extracts, etc.

Innovations/Trends

Innovations in the yeast industry are driving the competition between large players. Studies to improve various parameters of yeast and fermentation processes are under progress that is expected to shift the yeast industry to a more customized form. 


 

Yeast Market Frequently Asked Questions

  1. What is the global yeast market size across the globe?
  2. North America holds the largest market size at $1.63 Bn followed by Europe, Asia Pacific, and Latin America at $912 Mn, $798 Mn, and $228 Mn respectively.
  1. What is the expected growth of the global yeast market?
  2. According to the market research data by Beroe, the global fresh yeast market is expected to continue its growth at a CAGR of 8-9 percent through 2020 to reach $4.31 billion. Due to the rise in the demand for processed foods and the alcoholic beverage market in China and India, the demand growth of yeast will be high in these regions.
  1. Who are the top suppliers in the global yeast market?
  2. The leading suppliers of yeast are Angel Yeast, Lallemand, Lasaffre Yeast Corporation, AB Mauri.
  1. Who are the major exporters and importers of yeast?
  2. The leading exporters of yeast are France (12%), China (12%), Turkey (11%), and Germany (9%). The leading importers of yeast are the US (7%), France (5%), The Netherlands (4%), and the UK (4%)
  1. What is the expected market size of the global yeast industry by 2022?
  2. From Beroe’s global yeast market research report, the industry is expected to reach $5.40 billion by 2022. Due to the growing demand and changing lifestyles of customers, nutritional yeast supplies occupy a major market share as compared to wine yeast, and feed yeast markets.
  1. What is driving the demand for bio-ethanol yeast?
  2. The increase in the usage of ethanol to blend with fossil fuels all around the world is the major factor that is driving the demand for bio-ethanol yeast.
  1. What factors can influence the price of yeast produced in the EU and other regions?
  2. EU is the leading yeast producer in the world that produces most of the molasses used in the region domestically. Therefore, any change in the prices of sugarcane or sugar will have an impact on the price of the yeast produced in the EU as well as in other regions. An example of the price impact can be seen in the 2012 rise in sugar prices by 15 percent year-on-year to $728.84/MT, which lead to the increase of molasses prices by 6.25 percent year-on-year to $165.42/MT.
  1. What are the factors driving the global demand for the enzyme market?
  2. The growth of the global enzyme market is driven by the global demand across various industry sectors like bio-diesel, paper and pulp, biological detergents, food, and beverage, etc.
  1. What is the expected growth of the global enzymes market by 2022?
  2. From Beroe’s market data report, the global enzymes market is expected to grow at a rate of 6.3 percent to reach $9.5 billion by 2022.

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