The Brewer’s Yeast Global Market Report 2023, provides comprehensive information on the brewer’s yeast market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Brewer’s Yeast Global Market Report 2023, the market size is expected to grow from $4.04 billion in 2022 to $4.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of brewer yeast market is expected to reach $6.35 billion in 2027 at a CAGR of 9.2%.
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Product innovation is the key trend gaining popularity in the brewer yeast market. Major companies operating in the brewer yeast market are focusing on developing new products to sustain their position in the market. For instance, in June 2021, White Labs, a US-based producer of brewer’s yeast, launched PurePitch Next Generation (PPNG) yeast for brewers. The unique feature of PPNG is that it is a high-grade product that streamlines the brewing process for brewers. The PPNG packaging has oversees for comfort and a connectable port for close-system inline yeast transfers to prevent contamination. Additionally, the pouches have a two-layer covering that is more breathable to lessen product inflation and keep the yeast healthy.
The brewer’s yeast market is segmented:
1) By Type: Dry Brewer’s Yeast, Fresh Brewer’s Yeast, Instant Brewer’s Yeast, Other Types
2) By Distribution Channel: Salon And Breweries, Departmental And Superstores, Online
3) By Application: Food Supplements, Feed Supplements, Other Applications
4) By End-User: Food And Beverages, Pharmaceutical, Breweries, Nutraceutical Manufacturers, Other End Users
North America was the largest region in the brewer’s yeast market in 2022.
The table of contents in TBRC’s brewer’s yeast market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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