The new report by Expert Market Research titled, ‘Global Brewer’s Yeast Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global brewer’s yeast market, assessing the market based on its segments like types, applications and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 3.95 Billion
- Forecast CAGR (2023-2028): 9.0%
- Forecast Market Size (2026): USD 6.62 Billion
The rise of the feed supplement business is helping to boost the market for brewer’s yeast. Pigs, ruminants, fish, and poultry all benefit from brewer’s yeast as a feed supplement. It is due to increased public understanding of animal nutrition and health and increased demand for high-quality animal products. It also has several health benefits for the animals, including increased productivity and reproductive efficiency in ruminant animals. Furthermore, as the world’s population grows, so does the demand for dairy, poultry, and seafood goods, boosting the brewer’s yeast market. Furthermore, due to the nutritional benefits, an increase in the intake of meat and meat products is boosting the market growth.
Brewer’s yeast is becoming more popular as a nutritional supplement as people are becoming more aware of its high levels of chromium and vitamin B, which help the body regulate its sugar levels, moving the industry forward. Furthermore, it is a probiotic that aids digestion, resulting in increased market growth. It’s also becoming more popular as a mineral supplement, notably for chromium and selenium. Brewer’s yeast is also used to treat various ailments, including respiratory tract infections, the common cold, influenza, seasonal allergies, diarrhea, acne, type 2 diabetes, and irritable bowel syndrome, to name a few.
Industry Definition and Major Segments
Brewer’s yeast is generated from the unicellular fungus Saccharomyces cerevisiae and is used to make beer and bread. It also has a bitter flavor and includes bacteria, which contributes in the correct functioning of the digestive tract.
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On the basis of brewer’s yeast type, the market is segmented into:
- Dry Yeast
- Liquid Yeast
On the basis of applications, the industry is segmented into:
- Food Supplements
- Feed Supplements
On the basis of major regions, the market is divided into:
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Brewer’s yeast is growing in popularity as people become more aware of the importance of proteins and minerals in their diets. Furthermore, the usage of brewer’s yeast as a stimulant of numerous immunological processes, such as cell regeneration, is fueling market expansion. In the projected years, increasing study into brewer’s yeast and the benefits and advantages connected with its consumption and use is likely to lubricate the market. It’s also utilized in the food and beverage business as a flavoring agent. Furthermore, it is employed as a good source of nitrogen-containing protein in the agricultural sector, particularly organic farming, which uses natural materials for fertilization, boosting market growth even further. The growing popularity of online shopping platforms and the widespread availability of brewer’s yeast fuel the industry’s expansion.
The market for brewer’s yeast is being driven by a shift in customer preferences toward goods with nutritional benefits. Furthermore, the rising prevalence of disorders such as type 2 diabetes is fueling market expansion. It ensures little food waste while offering optimum health benefits because it is a by-product of brewing processes. The industry is being propelled forward by increased demand for dairy and poultry products and the usage of brewer’s yeast as both an animal feed and a flavoring agent.
Key Market Players
The major players in the market are Titan Biotech Limited, Lallemand Inc., Leiber Gmbh, Cargill Incorporated and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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