Global Brewers Yeast Market Share Report 2024, Forecast To 2033
8 Mar, 2024
The brewer’s yeast market (3) has witnessed rapid expansion, escalating from $4.46 billion in 2023 to $4.91 billion in 2024 at a CAGR of 10.1%. This growth can be attributed to increasing consumer preference for alcoholic beverages and the rising prevalence of aortic stenosis. Forecasts suggest continued growth, reaching $6.95 billion by 2028, growing at a CAGR of 9.0%. Factors fueling this expansion include growing demand for natural and functional ingredients, the craft beer boom, expansion of the animal feed industry, population growth, and rising per capita income. Key trends in this period include product innovations, a focus on seamless online purchasing experiences, the impact of emerging technologies, and regional dynamics.
Global Brewers Yeast Market Key Driver
The increasing consumer preference for alcoholic drinks is expected to boost the growth of the brewer’s yeast market. Brewer’s yeast is essential in alcohol production, and the rising sales of alcoholic beverages contribute to the demand for brewer’s yeast. For instance, Statistics Canada reported a 2.4% increase in alcoholic beverage sales in 2022, with wine sales growing by 2.1%. Therefore, the growing consumer preference for alcoholic drinks is fueling the growth of the brewer’s yeast market.
Get A Free Sample Of The Global Brewers Yeast Market ReportGlobal Brewers Yeast Market Segments
The brewer’s yeast market covered in this report is segmented –
1) Type:Dry Brewer's Yeast, Fresh Brewer's Yeast, Instant Brewer's Yeast, Other Types
2) Distribution Channel:Salon And Breweries, Departmental And Superstores, Online
3) Application:Food Supplements, Feed Supplements, Other Applications
4) End-User:Food And Beverages, Pharmaceutical, Breweries, Nutraceutical Manufacturers, Other End Users
By Geography: The countries covered in the brewer’s yeast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the brewer’s yeast market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brewer’s yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Brewers Yeast Industry Players
Cargill Incorporated; Archer-Daniels-Midland Company; Associated British Foods Plc; Kerry Group Plc; Nutreco N.V.; Sigma-Aldrich; Royal DSM NV; AngelYeast Co Ltd.; Alltech Group; Chr Hansen Holding AS; Dawn Food Products Inc.; Lallemand Inc.; BiOrigin Specialty Products; Leiber GmbH; Northern Brewer LLC; Brewers Supply Group; Titan Biotech Limited; Wyeast Laboratories Inc.; White Labs Brewing Co.; Omega Yeast Labs LLC; AB Mauri India Pvt Ltd.; AEB Group; F.L. Emmert Company; Real Brewer's Yeast; Lesaffre Group; Laffort SA; Bruchem Inc.; Inland Island Yeast Laboratories LLC; Scandinavian Formulas Inc.
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Brewers Yeast Market Overview
Brewer's yeast refers to a category of yeast produced by the single-celled fungus Saccharomyces cerevisiae. It is a vitamin B supplement for raising bread, brewing beer, creating wine, and other alcoholic beverages.