Global Yeast Market Growth to Reach New Heights - Lallemand and AB Mauri Lead the Charge

Global Yeast Market Growth was valued at USD 5.13 Bn in 2023 and is expected to reach USD 9.75 Bn by 2030, at a CAGR of 9.61 % during the forecast period.
The growing demand for yeast is driven using its flexible programs across industries which include food and beverage, prescription drugs, animal feed, and bioethanol manufacturing. The meals and beverage segment is the most important purchaser of yeast, because of its essential role in baking, brewing, and fermentation tactics.
 
Due to its excellent food and beverage industry and rising consumer demand for herbal and easy-label ingredients, Europe leads the world yeast market. To meet the growing demand, major players such as Lesaffre Institution and associated British meals are expanding their manufacturing facilities in the area. Another significant contribution is the pharmaceutical industry, which uses yeast to produce probiotics and other beneficial compounds. Additionally, the use of yeast in the production of biofuel is being driven by the growing focus on the sustainable production of bioethanol as a renewable energy source. Innovations based on yeast are anticipated to acquire more momentum as a result of the global movement towards natural and sustainable products, which will accelerate market growth throughout the forecast period.

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Top 5 Companies with the Largest Market Share

  1. Lesaffre Group Lesaffre Group is a global leader in yeast production, renowned for its innovative solutions in baking, brewing, and bioethanol. The company’s commitment to sustainability and quality has solidified its position as a market leader.

  2. Angel Yeast Co., Ltd. Angel Yeast is a prominent player in the yeast industry, specializing in yeast manufacturing for diverse applications. With a strong foothold in Asia, the company is expanding its product lines and geographical reach.

  3. Lallemand Inc. Lallemand focuses on fermentation processes, serving various industries including baking and bioethanol. Their innovative yeast solutions and robust portfolio have positioned them as a key player in the market.

  4. Koninklijke DSM N.V. DSM integrates biotechnology solutions into yeast products, enhancing market reach and product innovation. Their investment in sustainability and research drives growth in the industry.

  5. Associated British Foods plc Associated British Foods operates a diverse portfolio, leveraging strengths in food production and retail. Their focus on specialty yeasts and nutritional products has strengthened their market presence.

Latest Mergers and Acquisitions

  • In May 2024, Sapporo-Stone Brewing, acquired by Sapporo U.S.A., announced the completion of phase one of its expansion project at the Escondido brewery. This $20 million investment is part of a broader growth strategy, doubling production capacity across bi-coastal breweries.

  • Lallemand Health Solutions received approval for a clinical study focused on probiotics, showcasing their commitment to research and innovation.

Recent Developments in the Market

  • In 2023, AB Vista introduced an innovative yeast strain designed to enhance ethanol production efficiency. This development marks a significant advancement in fermentation processes.

  • Lallemand Biofuels launched a new yeast strain capable of withstanding high temperatures, improving bioethanol production flexibility and efficiency.

  • Lesaffre unveiled a range of organic yeast products tailored for the bakery sector, addressing the growing demand for organic ingredients.

New Funding and Investments

  • Switzerland’s Yeastup secured CHF 8.9 million (€9.47 million) in Series A funding to repurpose a dairy facility into a production site for upcycling spent brewers’ yeast. This innovative approach aligns with sustainability goals and enhances production capacity.

  • Yeastup also received CHF 2.45 million in grants from Innosuisse and the canton of Bern, supporting their groundbreaking innovation in yeast-based protein production.

Conclusion

The yeast industry is poised for continued growth, driven by innovation, strategic partnerships, and a commitment to sustainability. As consumer demand for nutritious and environmentally friendly products rises, industry leaders are taking bold steps to shape the future of the market.

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