$3.8 billion in 2020(E)
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.
Category Intelligence on Yeast and Enzymes covers the following
The global fresh yeast market is expected grow at a CAGR of 9 percent between 2020 and 2024
Growth in demand is expected to be high in Asia Pacific, especially in China and India, owing to expected rise in demand from processed foods and alcoholic beverage markets in these regions
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
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
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
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.
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.
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
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 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.
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