Global Active Dry Yeast Market Size By Type (Food grade, Feed grade), By Application (Bakery fermentation, Feed fermentation), By Region, And Segment Forecasts, 2023 to 2032

The Global Active Dry Yeast Market was valued at USD 4.2 billion in 2023 and is projected to surpass USD 6.8 billion by 2031, growing at a CAGR of 6.0% during the forecast period. Active dry yeast plays a crucial role in the food and beverage industry, particularly in baking, brewing, and winemaking. The rising demand for convenience foods, increasing consumption of alcoholic beverages, and growing awareness of nutritional benefits are key factors driving the market.

Drivers:

Growing Demand in Bakery and Confectionery: Active dry yeast is a staple in baking, with the growing global consumption of bread and baked goods driving its demand.

Rising Alcoholic Beverage Consumption: The production of beer and wine, which extensively uses active dry yeast for fermentation, is on the rise globally.

Health Awareness: Increasing awareness of the probiotic and nutritional benefits of yeast-based products contributes to its growth in dietary supplements.

Restraints:

High Storage Sensitivity: Active dry yeast requires optimal storage conditions to maintain its efficacy, posing challenges in transportation and storage.

Price Volatility of Raw Materials: Fluctuating prices of raw materials, including molasses, impact production costs and market pricing.

Opportunities:

Expansion in Emerging Markets: The growing popularity of baked and fermented foods in Asia-Pacific and Latin America offers significant growth potential.

Innovation in Yeast Strains: Development of advanced yeast strains for specific applications, such as gluten-free or organic products, creates new opportunities.

Increased Use in Nutraceuticals: The rising trend of functional foods is boosting the use of active dry yeast in health-focused applications.

Market by Application Insights:

The Food & Beverage segment accounted for the largest share in 2023 due to its extensive use in baking and brewing. The Pharmaceuticals and Nutraceuticals segments are expected to exhibit the highest growth, driven by increasing health-conscious consumer trends.

Market by Regional Insights:

North America dominated the market in 2023 due to high demand for baked goods and alcoholic beverages. Asia-Pacific is anticipated to register the highest growth during the forecast period, fueled by the expanding bakery sector and rising consumption of processed foods.

Competitive Scenario:

Key players in the market include Lesaffre Group, Angel Yeast Co., Ltd., AB Mauri, Chr. Hansen Holding A/S, and Lallemand Inc. Companies are focusing on innovations, expanding their production capacities, and strategic partnerships to enhance their market presence.

Scope of Work – Global Active Dry Yeast Market

Key Market Developments:

2023: Lesaffre Group introduced a new strain of active dry yeast tailored for gluten-free baking, targeting the health-conscious consumer segment.

2024: Angel Yeast Co., Ltd. expanded its production facilities in Asia-Pacific to cater to the increasing regional demand.

2025: AB Mauri partnered with a global bakery chain to supply innovative yeast solutions for artisanal bread products.

FAQs:

What is the current market size of the Global Active Dry Yeast Market? The market was valued at USD 4.2 billion in 2023.

What is the major growth driver of the Global Active Dry Yeast Market? The rising demand for baked goods and alcoholic beverages, coupled with health awareness, drives the market.

Which is the largest region during the forecast period in the Global Active Dry Yeast Market? North America leads the market, while Asia-Pacific is expected to witness the fastest growth.

Which segment accounted for the largest market share in the Global Active Dry Yeast Market? The Food & Beverage segment holds the largest share.

Who are the key market players in the Global Active Dry Yeast Market? Key players include Lesaffre Group, Angel Yeast Co., Ltd., AB Mauri, Chr. Hansen Holding A/S, and Lallemand Inc.

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