The global yeast market is highly competitive in nature with a presence of a large number of players operating in it. The increasing number of players in the global market is anticipated to encourage the growth of the market in the next few years. In addition, the growing focus on developing innovative products is expected to fuel the growth of the global yeast market in the next few years.
The rising demand for bioethanol as a fuel is one of the major factors expected to encourage the growth of the global yeast market in the next few years. In addition, the increasing number of mergers and acquisitions and constant focus on research and development activities are estimated to augment market in the next few years. However, stringent regulations and the rising popularity of natural food additives are projected to restrict the growth of the overall market in the coming years. Nevertheless, the tremendously rising demand for convenience food is estimated to generate potential opportunities for the key players of the global yeast market.
On the basis of product, the global yeast market can be classified into the following segments:
• Wine yeast
• Industrial yeast
• Brewer’s yeast
• Bioethanol yeast
• Baker’s yeast
• Feed yeast
Among these, the baker’s yeast segment is expected to lead the global yeast market and account for a key share in the next few years. The rising demand for baker’s yeast can be attributed to the rising consumption of processed food across the globe. In addition, the high demand from China and India is another key factor anticipated to encourage the growth of this segment in the next few years.
The global yeast market is characterized as extremely competitive and fragmented in nature. The increasing number of players entering this market is likely to intensify the competition in the coming few years. Some of the prominent players operating in the global yeast market are Synergy Flavors, Lesaffre, Puratos Group, Lallemand, Alltech, Suboneyo Chemicals Pharmaceuticals, AB Vista, Chaitanya Group of Industries, Crystal Pharma, Chr. Hansen, Novozymes, Bakels, Kothari Fermentation and Biochem, AB Mauri Food, and Sagar Chemicals.