✔️Revolutionize the baking industry with the coveted ‘Yeast’—a sought-after essential. Seize the opportune moment to pioneer this venture, filling the gap in India’s limited yeast manufacturing landscape. Now is the propitious juncture to embrace this visionary business model, establishing an indomitable presence in the thriving yeast market. Carve your path as a pivotal player in this high-demand sector, shaping the future of baking.
✔️Global Specialty Yeast Market will grow at a CAGR of 7.0% to 9.0% 📈during the forecast period to reach $4.8 billion by 2025 from $3.2 billion in 2019, Says “Meticulous Research®”.
🏭Future Demand-
- By Type- The baker’s yeast segment is expected to dominate the market due to increased consumption of bakery products, mainly bread, in developed regions. The growth is propelled by rising bread consumption, with India’s per capita intake estimated at 1.5 kg to 1.75 kg, as reported by AIBMA. This consumption surge fuels the baker’s yeast market growth.
2. By Application- During the projected period, the food segment is anticipated to dominate the market share. The market is categorized into food and feed segments based on application. The prevalence of bakery product consumption contributes to the food segment’s larger market share. The market’s growth in the food industry is driven by the rising demand for clean-label, free-from products, and naturally extracted ingredients. Key players like AngelYeast Co., Ltd. (China), Associated British Food PLC (UK), and Oriental Yeast Co., Ltd. (Japan) are scaling up production to meet food industry demands.
🧑💻Few Recent Developments-
In 2022, new manufacturing unit of Orient Yeast, Pune, India came in functioning- fresh yeast segments with latest machinery units.
In January 2020, Lesaffre Group set up a new baking center for its subsidiary, Lesaffre Ivoire, in Abidjan, West Africa, for providing innovative bread-making solutions. This new establishment would help the company to serve its customer base in West Africa, increase its production capacity, and expand its geographic reach.
In December 2019, AngelYeast Co., Ltd. launched a new natural flavor-enhancing solution for plant-based foods and beverages in Europe. This product launch will help the company to strengthen its portfolio and increase its customer base in Europe.
In October 2019, Lallemand Inc. set up a new specialty yeast manufacturing facility in Passau, Germany. This new establishment helped the company to serve its customer base in Europe, increase its production capacity, and expand its geographic reach.
In January 2019, Kerry Group launched its first non-GMO yeast named “Acryleast” for effective reduction of acrylamide levels up to 90% without affecting the taste and texture of food & beverages. This new product launch helped the company to strengthen its clean label product range.
In November 2018, Alltech expanded its production facility by setting up a new manufacturing plant in Pune (India) for feed products. This expansion helped the company to expand its customer base in Asia Pacific and production capacity.
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