The Specialty Yeast Global Market Report 2023, provides comprehensive information on the specialty 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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The global specialty yeast market size is expected to grow from $2.53 billion in 2022 to $2.70 billion in 2023 at a compound annual growth rate (CAGR) of 6.68%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global specialty yeast market size is expected to grow to $3.51 billion in 2027 at a CAGR of 6.78%.
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Advancements in technology are the key trend gaining popularity in the specialty yeast market. Technologically advanced techniques are used for the development of specialty yeast. Presence of several major players that are developing specialty yeast. A number of institutions, groups, and associations are working to raise awareness of the specialty of yeast products. For instance, in February 2020, Novozymes A/S, a biotechnology company, unveiled the next yeast technology, Innova Fit. It is anticipated to assist ethanol producers in eliminating bottlenecks and improving plant efficiency. Innova Fit is the most sophisticated non-GM yeast on the market, and it removes the output limitations brought on by traditional and simple yeasts. For instance, in June 2020, Lesaffre, a French yeast manufacturer, acquired Biohymn Biotechnology for an undisclosed amount. The acquisition improved its position in the Chinese market and confirmed better proximity to its clients. Biohymn Biotechnology is a Chinese company specializing in the manufacture of yeast and yeast extracts.
The specialty yeast market is segmented:
1) By Type: Yeast Extract, Yeast Autolysate, Yeast Beta-Glucan, Other Type
2) By Species: Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces, Other Species
3) By Application: Food, Beverages, Feed, Other Application
Asia-Pacific was the largest region in the specialty yeast market in 2022.
The table of contents in TBRC’s specialty yeast market report includes:
- Executive Summary
- Specialty Yeast Market Characteristics
- Specialty Yeast Market Trends And Strategies
- Specialty Yeast Market – Macro Economic Scenario
- Specialty Yeast Market Size And Growth
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- Africa Specialty Yeast Market
- Specialty Yeast Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Specialty Yeast Market
- Specialty Yeast Market Future Outlook and Potential Analysis
- Appendix
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