Boston, MA -- (ReleaseWire) -- 03/06/2014 -- Yeast Market by Type [(Baker's, Brewer's, Wine, Feed, Bio-ethanol), Form (Dry, Instant, Fresh), Application (Food, Feed)] & Specialty Yeast Products Market by Type (Yeast Extract, Autolysate, B-glucan, Other Derivatives) & Geography - Global Trend & Forecast to 2018
The yeast market is flourishing due to the increasing application of yeast and specialty yeast products in the food & beverage industry. The leading companies of yeast market are continuously investing in R&D to develop new products and are using yeast as a new source of food ingredients and additives such as flavors, colors, antioxidants, and vitamins. The usage of yeast in bakery was the highest in 2012. Yeast is an essential ingredient in the baking process and various baker's yeasts are added at different levels to produce the desired baked food. The bio-ethanol yeast is also gaining attention from the bio-technology and pharmaceutical industry due to its benefits and various applications, thus increasing its demand.
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The specialty yeast products market is comparatively small and is projected to grow at a CAGR of 6.9% from 2013 to 2018. The increasing demand for ready-to-eat and convenience food products has accelerated the growth of specialty yeast products across the globe. Continuous innovations and wider applications of specialty yeast products are prominent amongst food & beverage manufacturers.
The yeast market is projected to grow at a CAGR of 8.8% from 2013 to 2018. The market growth is associated with the development of bakery, beer, wine, and bio-ethanol industry. Europe is the largest market for yeast, followed by Asia-Pacific. North America represents the fastest growing market.
Europe is the largest market for specialty yeast products followed by North America and Asia-Pacific. The European market is estimated to grow at a CAGR of 7.0% from 2013 to 2018. Asia-Pacific represents the fastest growing market, followed by North America.
The report analyzes the market in the important regions of the world. The report provides a comprehensive analysis of the yeast and specialty yeast products market. This report categorizes the global market for yeast, based on types, forms, applications, and geography. The specialty yeast products market is segmented into types and geography.
SCOPE OF THE REPORT
The report focuses on the yeast and specialty yeast products market, both in terms of value ($Million) and volume (KT).
- Yeast market segmentation
- By types
- Others (nutritional, lactic, etc.)
- By applications
- Alcoholic beverages
- Non-alcoholic beverages
- Prepared food products
- Others (savory, snacks, etc.)
- Others (pharmaceuticals, industrial, etc.)
- By forms
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