The Bioethanol Yeast Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bioethanol Yeast Global Market Report 2024, The bioethanol yeast market size has grown rapidly in recent years. It will grow from $17.81 billion in 2023 to $20.14 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increased demand for renewable energy, government policies and mandates, growing concerns about environmental impact, expansion of biofuel production facilities, advancements in yeast strain development.
The bioethanol yeast market size is expected to see rapid growth in the next few years. It will grow to $33.99 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to continued focus on renewable energy, biofuel blending mandates, technological innovations in fermentation, global expansion of biofuel industry, market collaboration and partnerships. Major trends in the forecast period include collaborations for research and development, exploration of co-fermentation strategies, adoption of next-generation sequencing (NGS), market expansion in developing regions, regulatory support for biofuel initiatives.
The increase in the consumption of bakery products and alcoholic beverages is expected to propel the growth of the bioethanol yeast market going forward. Bakery products and alcoholic beverages refer to food products prepared from flour or some form of grain that is fermented from the sugars in fruits, berries, grains, and other ingredients to enhance the taste and texture of products. Bioethanol yeast is used to prepare the majority of bakery foods that include bread and rolls made from yeast-leavened dough to achieve desired flavor and texture with enhanced nutrition. Moreover, alcoholic beverages such as beer, whisky, and wine are fermented by yeast to increase the alcohol content. For instance, in September 2022, according to a report published by the US Bureau of Labor Statistics, a US-based agency in the field of labor economics and statistics, in 2021, spending on alcoholic beverages increased by 15.9% as compared to the previous year, whereas expenditure on alcohol outside the house also increased by 69.4 percent compared to spending on alcohol inside the home. Additionally, according to the report published by the Government of Canada on trend sector analysis, retail sales of baked products increased at a compound annual growth rate (CAGR) of 4.6% from 2017 to 2021, reaching a total global value of US$407.2 billion. Therefore, the increase in the consumption of bakery products and alcoholic beverages is propelling the growth of the bioethanol yeast market.
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The bioethanol yeast market covered in this report is segmented –
1) By Type: Yeast Extract, Autolyzed Yeast
2) By Genus: Saccharomyces, Kluyveromyces
3) By Form: Active, Instant, Fresh
4) By Application: Food, Animal Feed, Biofuel, Cleaning And Disinfection, Other Applications
Major companies operating in the bioethanol yeast market are concentrating their efforts on developing innovative solutions such as yeast analysis web apps. A “Yeast Analysis Web App” typically refers to an online application or platform designed for the analysis of yeast-related data and information. For instance, in October 2023, Oculyze GmbH, a Germany-based technology company, launched the ‘Oculyze Bioethanol Web App’. The Oculyze Bioethanol Web App aims to transform yeast analysis and fermentation optimization, streamlining the entire process for increased speed, precision, and cost-effectiveness. It automatically and rapidly analyzes the concentration, viability, and budding count of bioethanol yeast cells, representing a significant advancement compared to conventional manual counting techniques. The key features of the application include speedy and accurate yeast cell analysis, clumped cells separation, pitch rate calculator, fermentation tracking, automated & customized documentation, reliable results, every time, and bioethanol production shake-up.
The bioethanol yeast market report table of contents includes:
1. Executive Summary
2.Bioethanol Yeast Market Characteristics
3.Bioethanol Yeast Market Trends And Strategies
4.Bioethanol Yeast Market analysis
5.Bioethanol Yeast Market Size And Growth
6.Bioethanol Yeast Segmentation
7.Bioethanol Yeast Regional And Country Analysis
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27.Bioethanol Yeast Competitive Landscape And Company Profiles
28.Bioethanol Yeast Key Mergers And Acquisitions
29.Bioethanol Yeast Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Kagome Co. Ltd.
- Cargill Incorporated
- Archer-Daniels-Midland Company
- Associated British Foods PLC
- Ohly
- Koninklijke DSM N.V
- Kerry Group PLC
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