Yeast Market Application Overview, Growth Opportunities & Restraints to 2023

Posted April 16, 2021 by Vaibhavwa_mrfr21

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Market Overview

Yeast are single-celled fungi. They are found globally in soils and on plant surfaces and are especially abundant in sugary mediums such as flower nectar and fruits. There are wide varieties of yeast present across the globe and are used commercially based on their potential industrial applications. Ascomycete yeasts are the most common of all and are used in the production of bread, beer, wine, and others. Saccharomyces cerevisiae is one of the major strains of yeast which has diverse application across various industries that are food, beverage, feed, and others.

Market Forecast

The global Yeast Market Application share in the foods and beverages industry is escalated by the rising demand for dairy and bakery products in the developed countries. These enzymes are used in the production of various food & beverage products for the break-down of proteins. Furthermore, advance processing methods & technologies, and high opportunities in the developing countries are positively supporting the growth of the global Yeast Market Application

Proteases are found to have wide application in bakery and dairy industry, amongst which the application in the bread and cheese production is increasing at a higher rate. Moreover, protease enzymes add additional nutritional value and flavor to the fermented products, which is supporting the growth of global Yeast Market Application. However, instability of proteases at fluctuating temperature may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 6.3% of the Yeast Market during the forecast period 2017-2023.

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Downstream Analysis

The global Yeast Market Application is segmented into type, form, and application.

On the basis of the type, it is segmented into trypsin, renin, pepsin, bromelain, papain, alkaline protease, and others. Among all, the renin segment is dominating the market.

On the basis of the form, it is segmented into liquid, powder, and others. Among all, the powder segment holds the major market share.

On the basis of the application, it is segmented into bakery & confectionery, beverages, sweet & savory snacks, dairy & frozen desserts, animal feed, and others. Among all, the bakery & confectionery segment is dominating the market.

The major players in the Yeast Market Application

Associated British Foods Plc (U.K

du Pont de Nemours and Company (U.S.)

Novozymes A/S (Denmark)

Koninklijke DSM N.V. (the Netherlands)

Hansen Holding A/S (Denmark)

Amano Enzyme Inc. (Japan)

Dyadic International, Inc. (U.S.)

Advanced Enzyme Technologies Limited (India)

Specialty Enzymes & Biotechnologies Co. (U.S.)

Biocatalysts Limited (U.K)

Regional Analysis

The global Yeast Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the Yeast Market Application followed by Europe. Increased demand for bakery, juices, and dairy products in the developed countries of these regions has uplifted the Yeast Market Application. The U.S., Germany, and the Netherlands are the major importers of proteases. Additionally, the major key players are actively involved in the research & developments of the product for enhanced functionality & a wide range of product applicability.

Moreover, increasing demand for beverages and dairy products is also supporting the growth of Yeast Market Application in the Asia Pacific region including countries such as India and China.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Country India
Categories Business , Food
Tags yeast market application
Last Updated April 16, 2021