Yearning for Yeast
Baker's yeast dominated the yeast market globally.
According to the report, the yeast market has been experiencing a positive growth for decades due to its increased application in food, feed, and other industrial sectors. The specialty yeast products market is comparatively small and is projected to grow with a high rate, due to its increasing applications in the food and beverage industry.
The market is segmented on the basis of types, applications, forms and geography. The yeast market by types includes baker's, brewer's, feed, bio-ethanol and wine yeasts. Baker's yeast is a widely produced and consumed yeast type. The bio-ethanol yeast market is projected to grow at a high rate due to the increasing use of bio-ethanol as fuel.
The yeast market is projected to be around $3.6 billion by 2018. In 2012, Europe was the largest market for yeast. Baker's yeast dominated the yeast market globally. The market is projected to grow with continued expansions and developments made by the yeast manufacturers and the changing trends in the application of yeast.
The specialty yeast products market is comparatively small but is projected to grow due to its increasing application in baking, brewing and non-baking applications, such as flavoring, animal nutrition, etc. The specialty yeast products market is projected to be around $2.1 billion by 2018. Europe dominates this market; while Asia-Pacific is projected to be the fastest growing market with a CAGR of 8.4% during the forecast period.