By 2033, the Brewer’s Yeast market will be valued at US$ 4,729 million, growing at a CAGR of 6.1% between 2023 and 2033.
Brewer’s yeast is used as a nutritional supplement, due to its plentiful supply of B-complex vitamins, minerals (selenium and chromium) and protein. Brewer’s yeast is used primarily as a protein supplement, energy booster, and immune enhancer. Easy cultivation and economical prices of brewer’s yeast create a positive outlook for the product in the food and beverage industry. Brewer’s yeast contains plenty of selenium, fiber and B vitamins, which boost immunity, improve blood sugar, enhance eye health and prevent migraines.
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Over the years, brewer’s yeast was used as the waste material, which was consumed as a source of B vitamins, protein, and minerals in animal feed production. With growing involvement of more and more manufacturers in the processing of post-fermentation yeast product, brewer’s yeast gained high traction in the food industry.
Furthermore, Beer production is one of the key applications of brewer’s yeast, these ready to use yeast fulfill the specific need of beer manufacturers, from industrial to craft brewers, microbrewers and home brewers. There is various type of brewer’s yeast are available in the market with the defining ingredients and different flavors. From improving the health conditions including anemia prevention, aids digestion, diarrhea remediation, maintaining brain health, brewer’s yeast has been used to make bread, beer, wine and more over the years.
Analysis of Escalating Demand for Brewer’s Yeast in Different End-use Industries
The increasing trend of processed and fast food consumption, especially bakery items upsurge the market demand of brewer’s yeast. In last few years, consumption of alcohol has increased among the young generation, according to the world health organization, more than half of the global population drink alcohol, majorly in Europe, America and Western Pacific. Additionally, beer is the second most consumed beverage type worldwide. Resultantly, escalating demand for the beer constitutes the significant demand for the brewer’s yeast.
Brewer’s yeast uses for the pharmaceutical applications owing to its characteristics of antioxidant properties and sensory quality. Increasing consumption of brewer’s yeast in dietary supplements and functional food production, demonstrate the ongoing upsurge in brewer’s yeast market. In recent years, brewer’s yeast is used mainly in dietary supplements for slimming diets, weakness, skin, and fatigue hair and nail problems.
With various applicability of brewer’s yeast in the food and beverage industry, there are some challenges faced by the market. Brewer’s yeast causes some mild effects such as bloating and gas. Additionally, usage of brewer’s yeast with the certain pain medication cause a dangerous spike in the blood pressure. Thereby, such factors are expected to deliver a decline in brewer’s yeast product sales over the forecast period.
Significant Demand for Dietary Supplements in Developed Countries to Enhance Consumption of Brewer’s Yeast
Increasing consumption of beer and bread in the Europe and North America regions is expected to become one of the reasons behind the brewer’s yeast market growth. According to the CRN survey, more than half of the U.S. population consumed dietary supplements, which is estimated to remain a key driving factor for the brewer’s yeast market in the North America region. The Asia Pacific is expected to emerge as a most lucrative region for brewer’s yeast as the evolution of product in various applications in developing countries in last few years. Latin America and MEA are anticipated to show moderate growth in the brewer’s yeast market.
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Key Market Participants:
Examples of some of the key market players in the brewer’s yeast market identified across the value chain include:
- Lesaffre Group
- Archer Daniels Midland Company
- Nutreco N.V.
- Alltech, Inc.
- Cargill, Incorporated
- Leiber GmbH
- Associated British Food Plc.
- AB Mauri India Pvt.Ltd.
- Kothari Fermentation and Biochem Ltd.
- Angel yeast company
- Oriental Yeast Co., Ltd
- Hansen Holding A/S
- Koninklijke DSM N.V.
- Bruchem, Inc,
- Scandinavian Formulas
- Omega Yeast Labs
- Lallemand Inc.
- Synergy Flavors
Brewer’s Yeast Market Segmentation:
Brewer’s yeast market can be segmented on the basis of product type, and end use
On the basis of product type, the brewer’s yeast market can be segmented as
- Dry Brewer’s Yeast
- Liquid Brewer’s Yeast
On the basis of end use, brewer’s yeast market can be segmented as
- Food and beverage industry
- Pharmaceutical Industry
- Brewing Industries
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Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the brewer’s yeast market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the brewer’s yeast market
- Competitive landscape of the brewer’s yeast market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on brewer’s yeast market performance
- Must-have information for brewer’s yeast market players to sustain and enhance their market footprint
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