Market Forecast By Type (Yeast Extracts, Yeast Autolysates, Yeast Beta-glucan, Other Yeast Derivatives), By Species (Saccharomyces Cerevisiae, Pichia Pastoris, Kluyveromyces), By Application (Food, Bakery products, Functional foods, Savory products, Other food applications (soups, sauces, snacks, food flavors, and seasonings), Beverages, Feed) And Competitive Landscape
Product Code: ETC4537384 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Mexico Speciality Yeast Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Food and beverage |
Mexico Speciality Yeast Market report thoroughly covers the market by Type, Species, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Mexico Speciality Yeast Market has been experiencing significant growth, driven by the increasing demand for healthy and natural food products. Specialty yeast, known for its unique flavor profile and nutritional benefits, is being increasingly incorporated in various food and beverage applications, including bakery, confectionery, and brewing. The rising consumer awareness about health and wellness is propelling the market as more people seek products with functional benefits such as improved digestion and enhanced immunity. Additionally, the expansion of the food and beverage industry in Mexico, coupled with innovations in yeast-derived ingredients, is expected to further bolster market growth. Key players in the market are focusing on strategic partnerships and product innovations to capture a larger share of this burgeoning market.
According to 6Wresearch, the Mexico Speciality Yeast Market size is expected to grow at a significant CAGR of 5.8% during the forecast period from 2025-2031. One of the main drivers is the increasing use of yeast as a functional ingredient in various food and beverage products. With consumers becoming more health-conscious, the demand for natural and organic ingredients has increased, leading to the growth of the market. The growing popularity of plant-based diets in Mexico has also led to a rise in the demand for speciality yeast as a substitute for animal-based ingredients.
Moreover, the rising disposable income and changing consumer preferences towards premium and healthier products have also contributed to the growth of the speciality yeast market in Mexico.One of the main challenges is the high production and importation cost of speciality yeast. This can make it difficult for small and medium-sized companies to enter the market and compete with larger, established players. Another challenge is the lack of awareness among consumers about speciality yeast and its benefits. This can hinder the Mexico Speciality Yeast Market Growth. The strict regulations and standards set by government bodies regarding food additives can also pose a challenge for the speciality yeast market in Mexico.
One of the key players in the Mexican speciality yeast market is Lallemand Inc., a Canadian company that offers a wide range of yeast products for various industries. Another prominent player in the market is Angel Yeast Co., Ltd., a Chinese company known for its innovative and high-quality yeast products. Lesaffre Group, a French multinational company, also has a significant presence in the Mexican market with its range of speciality yeast products. Other important players in the market include Fermex International Ltd., AB Mauri Mexico, and Chr. Hansen Holding A/S.
The Mexican government has been implementing various initiatives to support the growth of the speciality yeast industry. One such initiative is the National Development Plan (NDP) 2013-2018, which aims to boost economic growth and promote sustainable development in the country. The plan includes promoting innovation and technological development in various industries, including the food and beverage sector, where speciality yeast products are used. The government has also invested in research and development projects for speciality yeast production. The Mexican government has provided financial support to small and medium-sized enterprises (SMEs) in the bakery and brewing industries to invest in advanced yeast technologies and equipment. Additionally, the Mexican government has also implemented regulations to ensure the quality and safety of yeast products, which has further strengthened consumer trust in the market.
The future of the Mexico speciality yeast market looks promising, with increasing demand from various industries and evolving consumer preferences. With a growing population and rising disposable income, consumers are becoming more health-conscious and are willing to pay for premium products. This trend is likely to drive the demand for speciality yeast products, especially in the food and beverage industry. Moreover, technological advancements and increasing investments by key players in research and development activities are expected to further boost the market's growth. Additionally, the government's focus on promoting sustainable practices and supporting SMEs are expected to further drive the market in the coming years.
According to Ravi Bhandari, Research Manager, 6Wresearch, the Yeast Extracts segment dominates the market. The demand for yeast extracts is driven by the growing trend of clean-label ingredients and natural flavours in the food industry. Yeast extracts are natural taste enhancers that provide unique flavours to food products. They are widely used in soups, sauces, gravies, and other savoury food products. Yeast extracts are also known for their high nutritional value and are often used as a substitute for monosodium glutamate (MSG) in processed foods.
Based on the Species, the Saccharomyces Cerevisiae segment dominates this industry. This species of yeast is commonly used in bread making, beer brewing, and wine fermentation. Its ease of use and ability to ferment various sugars make it a popular choice among bakers and brewers alike.
Based on the Application, the bakery product segment dominates this industry. With the growing trend of health and wellness, consumers are increasingly opting for healthier and more nutritious options in their bakery products. This has led to an increased demand for speciality yeasts that offer functional benefits such as improved texture, taste, and nutritional value to baked goods.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Specialty Yeast Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Specialty Yeast Market Revenues & Volume, 2021 & 2031F |
3.3 Mexico Specialty Yeast Market - Industry Life Cycle |
3.4 Mexico Specialty Yeast Market - Porter's Five Forces |
3.5 Mexico Specialty Yeast Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Mexico Specialty Yeast Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Mexico Specialty Yeast Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Mexico Specialty Yeast Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Specialty Yeast Market Trends |
6 Mexico Specialty Yeast Market, By Types |
6.1 Mexico Specialty Yeast Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Mexico Specialty Yeast Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Mexico Specialty Yeast Market Revenues & Volume, By Yeast Extracts, 2021 - 2031F |
6.1.4 Mexico Specialty Yeast Market Revenues & Volume, By Yeast Autolysates, 2021 - 2031F |
6.1.5 Mexico Specialty Yeast Market Revenues & Volume, By Yeast Beta-glucan, 2021 - 2031F |
6.1.6 Mexico Specialty Yeast Market Revenues & Volume, By Other Yeast Derivatives, 2021 - 2031F |
6.2 Mexico Specialty Yeast Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Mexico Specialty Yeast Market Revenues & Volume, By Saccharomyces Cerevisiae, 2021 - 2031F |
6.2.3 Mexico Specialty Yeast Market Revenues & Volume, By Pichia Pastoris, 2021 - 2031F |
6.2.4 Mexico Specialty Yeast Market Revenues & Volume, By Kluyveromyces, 2021 - 2031F |
6.3 Mexico Specialty Yeast Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Mexico Specialty Yeast Market Revenues & Volume, By Food, 2021 - 2031F |
6.3.3 Mexico Specialty Yeast Market Revenues & Volume, By Bakery products, 2021 - 2031F |
6.3.4 Mexico Specialty Yeast Market Revenues & Volume, By Functional foods, 2021 - 2031F |
6.3.5 Mexico Specialty Yeast Market Revenues & Volume, By Savory products, 2021 - 2031F |
6.3.6 Mexico Specialty Yeast Market Revenues & Volume, By Other food applications (soups, sauces, snacks, food flavors, and seasonings), 2021 - 2031F |
6.3.7 Mexico Specialty Yeast Market Revenues & Volume, By Beverages, 2021 - 2031F |
7 Mexico Specialty Yeast Market Import-Export Trade Statistics |
7.1 Mexico Specialty Yeast Market Export to Major Countries |
7.2 Mexico Specialty Yeast Market Imports from Major Countries |
8 Mexico Specialty Yeast Market Key Performance Indicators |
9 Mexico Specialty Yeast Market - Opportunity Assessment |
9.1 Mexico Specialty Yeast Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Mexico Specialty Yeast Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Mexico Specialty Yeast Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Mexico Specialty Yeast Market - Competitive Landscape |
10.1 Mexico Specialty Yeast Market Revenue Share, By Companies, 2024 |
10.2 Mexico Specialty Yeast Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |