Specialty Yeast Market Size Worth $ 221.86 Billion By 2032 | CAGR: 6.7%

The global Specialty Yeast market size is expected to reach USD 221.86 billion by 2032, according to a new study by Polaris Market Research. The report “Speciality Yeast Market Share, Size, Trends, Industry Analysis Report, By Type (Wine Yeast, Bioethanol Yeast, Brewer's Yeast, Baker's Yeast, Others); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Specialty yeasts, derived from fresh yeast, serve as natural additives enhancing the flavor and nutritional content of food and feed products. Their applications in the food and beverage industry are diverse, driven by their perceived health benefits, including high nutritional values and antioxidant properties. The production of specialty yeast typically involves three stages: fermentation for yeast growth, disruption to break cells, and separation to retain the soluble part.

Enzymes play a crucial role in breaking down the yeast shell and proteins, leading to the production of specialized yeast products. Yeast, a single-celled fungus with around 1,500 different types, is extensively used in the food and beverage sectors, including applications such as sauces, snacks, seasoning, ready-to-eat meat, bread goods, alcohol, and functional meals.

One of the most commonly used yeast types for fermentation is Saccharomyces cerevisiae, utilized in brewing alcoholic beverages like beer and bread production. Specialty yeast, distinguished by its technical specifications, amino acids, vitamins, comprises proteins, minerals, and carbohydrates. Its unique flavor makes it a popular choice in the food industry, available in various varieties.

The two predominant types are fortified and unfortified. Unfortified yeast contains naturally occurring vitamins and minerals without additional additives. Fortified yeast, on the other hand, involves synthetic vitamins to enhance nutrient content, with the list of ingredients specifying any added vitamins.

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The food supply chain faced financial strain due to restricted labor movement, shifts in consumer demand, closure of food manufacturing facilities, and altered food trade regulations. This, in turn, led to a decline in yeast production. The pandemic prompted a shift in consumer preferences towards healthier options, causing a noticeable drop in the consumption of various fast foods and bakery products. However, with the advancements in specialty yeast and its expanding applications in the food sector, the market is anticipated to recover and demonstrate positive growth.

Speciality Yeast Market Report Highlights

• In 2022, the Baker's Yeast segment dominated with the highest revenue share. This growth is attributed to the rising preference for convenience foods and baked goods, along with an uptick in the consumption of gluten-free products. Notably, in the baking industry, baker's yeast plays a crucial role in fermenting dough, elevating the texture and flavor of bread. Furthermore, the increasing demand for Baker's Yeast is expected to be fueled by the growing popularity of home baking and the global expansion of bakery chains, thereby contributing significantly to the revenue growth of this segment.
• During the forecast period, the Food & Beverages segment held the largest market share. Specialty yeast finds increasing applications in enhancing the flavor, texture, and nutritional profiles of food and beverage products. Notably, baker's yeast plays a vital role in the production of bread, cakes, and various bakery items. Brewer's yeast contributes to the fermentation process in beer production, while wine yeast imparts unique characteristics to wines. In the realm of alternative energy sources, bioethanol yeast is crucial for biofuels. As a result, the specialty yeast market in the food and beverage industry is anticipated to experience revenue growth, driven by the rising demand for processed and convenient food products, coupled with a growing emphasis on alternative energy sources.
• In 2022, Asia Pacific emerged as the dominant market. The surge in demand for specialty yeast is primarily attributed to the rising consumption of bakery products and alcoholic beverages in the region. Another significant driver of market growth is the contribution of specialty yeast to elevating consumer health awareness. Furthermore, the market in the region is set for accelerated growth, driven by the increased application of specialty yeast in animal nutrition products.
• The global key market players include Angel Yeast Co., Ltd., Associated British Foods plc, Bio Springer, Biospringer, Cargill, Inc., Kerry Group, Lallemand Inc., Leiber GmbH, Lesaffre, and Ohly.

Polaris Market Research has segmented the Speciality Yeast market report based on Type, application, and region:

Speciality Yeast, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Wine Yeast
• Bioethanol Yeast
• Brewer's Yeast
• Baker's Yeast
• Others

Speciality Yeast, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Pharmaceuticals
• Cosmetics
• Animal Feed
• Food & Beverages
• Others

Speciality Yeast, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Specialty Yeast Market Report Scope