Market Forecast by Countries (United States, Canada), By Target Audience (Raw material manufacturers and suppliers, Research institutions, Government bodies, Distributors, End-users (food, feed, and the beverage industry)), By Type (Baker's yeast, Brewer's yeast, Probiotics yeast, Wine yeast, Other types), By Genus (Saccharomyces, Kluyveromyces, Other genera), By Form (Active, Instant, Fresh), By Application (Food, Feed) And Competitive Landscape
Product Code: ETC404417 | Publication Date: Aug 2022 | Updated Date: Jul 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Yeast Market |
Forecast period | 2024-2030 |
CAGR | 10.42% |
Growing Sector | Probiotics Yeast |
The North America Yeast Market Report comprehensively delves into the market by Type, Genus, Form, Application, and Target Audience. The North America Yeast Market Outlook report furnishes an unbiased and detailed examination of the contemporaneous North America Yeast Market trends, potential growth areas, and market drivers. This valuable data can be instrumental for stakeholders to plan and align their market strategies in conjunction with prevailing and future market dynamics.
The rising trend in health and wellness combined with the growing demand from the food, feed, and beverage industry are driving significant growth in the North American yeast market. Because of its health benefits and the changing dietary habits, there is an increasing need for yeast, and more especially, probiotics yeast. The emergence of more sophisticated yeast varieties with a range of advantages is driving this market's growth. Market trends point to a bright future as companies in the sector continue to develop and expand their product offerings in response to the shifting demands of North American customers.
According to 6Wresearch, the North America Yeast Market size is predicted to expand at a CAGR of 10.42% during 2024-2030. Growing consumer preferences for convenience foods, improvements in yeast culture technology, and an emphasis on leading healthier lives are all contributing to the growth of the North American yeast market. Because of its ability to leaven food and give it taste, yeast is frequently employed in food and beverage applications. Stricter health laws and the expanding baking industry are driving demand for yeast solutions. Technological innovations that improve product efficiency and dependability include Active, Instant, and Fresh yeast forms. Yeast products are used to speed up procedures and provide the best possible taste since efficient food processing techniques are necessary. Together, these factors support market expansion by raising customer satisfaction and operational effectiveness in North America's diverse food and beverage industry.
There are certain challenges in navigating the North American yeast market, though. The strict regulatory environment, which demands total conformity from manufacturers, is a major constraint. Furthermore, a lack of local yeast production and expensive technology expenses made imports necessary, which raised prices and reduced demand. Additionally, the challenges faced by newly founded local enterprises are exacerbated by rivalry from well-established worldwide players. All of these elements work together to make the market difficult for new players to enter, and in order to increase market expansion and customer acceptability in this niche industry, creative thinking and strategic planning are essential.
The yeast market in North America is expanding significantly, driven by major manufacturers such as AB Mauri, Lesaffre, and Angel Yeast. These market leaders are renowned for their extensive product range and state-of-the-art technologies. To strengthen their position in the market, they rely on innovation and customer-focused tactics.
Proactive government actions to strengthen the food, feed, and beverage sector are driving the spectacular expansion of the yeast industry in North America. The main goal of these regulations is to promote the adoption of cutting-edge technologies to improve consumer health and food processing. The government's efforts to raise health standards have the added benefit of increasing demand for premium yeast, which is essential for producing tasty and nourishing food and drinks. By taking these calculated risks, North America is drawing investments, bolstering its standing as a major force in the world market, and stimulating innovation in the yeast sector.
The yeast market in North America is expected to grow rapidly in the upcoming years. The two main forces behind this are the development of technology and the rising popularity of processed and convenient foods. The industry is witnessing a change in favour of using cutting-edge technology that boost yeast productivity and efficiency while enhancing taste and nutritional content. Increased investment is anticipated in the business due to the government's efforts to improve health standards. In addition, the rise in various food industry endeavours in North America is stimulating the need for yeast, indicating a bright future for the sector. For stakeholders and investors keen to access the North American market, this growth offers a profitable opportunity.
According to Dhaval, Research Manager, 6Wresearch, the United States is poised to experience the most significant growth compared to Canada. The United States holds a dominant position in the yeast market due to factors such as a strong presence of key yeast manufacturers, robust industrial infrastructure, and a large consumer base for yeast-based products across various industries including food and beverage, pharmaceuticals, and animal feed.
Based on target audience, Raw Material Manufacturers and Suppliers is the market segment predicted to develop at the fastest rate in the North American Yeast Market. The growing need for yeast as a crucial ingredient across a variety of industries, including food and beverage, medicines, and animal feed, is expected to cause this market to expand significantly.
It is projected that the end-user segment serving the food industry will increase at the fastest rate. This growth is mostly due to the food industry's growing use of yeast as a flexible component in a variety of applications, including brewing, fermentation, and baking.
According to projections, the fastest-growing segment will be Baker's Yeast. They offer flexibility and successfully improve the flavour and texture of different baked goods.
The Saccharomyces category is the one with the biggest development potential. Saccharomyces yeast is becoming more popular because of its uses and health advantages, particularly in light of the growing emphasis on wellness and health.
The Active category is the one that the North American yeast market is predicted to develop at a significant rate. The main factor fueling this expansion is the growing need for active yeast in a variety of food and beverage applications.
In comparison to the Feed application segment, the Food application segment is anticipated to increase at the fastest rate. The culinary industry's growing need for yeast is due to its many uses in food processing, including baking, brewing, flavouring, and nutritional supplementation.
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 North America Yeast Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Yeast Market Revenues & Volume, 2020 & 2030F |
3.3 North America Yeast Market - Industry Life Cycle |
3.4 North America Yeast Market - Porter's Five Forces |
3.5 North America Yeast Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Yeast Market Revenues & Volume Share, By Target Audience, 2020 & 2030F |
3.7 North America Yeast Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.8 North America Yeast Market Revenues & Volume Share, By Genus, 2020 & 2030F |
3.9 North America Yeast Market Revenues & Volume Share, By Form, 2020 & 2030F |
3.10 North America Yeast Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 North America Yeast Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Yeast Market Trends |
6 North America Yeast Market, 2020 - 2030 |
6.1 North America Yeast Market, Revenues & Volume, By Target Audience, 2020 - 2030 |
6.2 North America Yeast Market, Revenues & Volume, By Type, 2020 - 2030 |
6.3 North America Yeast Market, Revenues & Volume, By Genus, 2020 - 2030 |
6.4 North America Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
6.5 North America Yeast Market, Revenues & Volume, By Application, 2020 - 2030 |
7 United States Yeast Market, 2020 - 2030 |
7.1 United States Yeast Market, Revenues & Volume, By Target Audience, 2020 - 2030 |
7.2 United States Yeast Market, Revenues & Volume, By Type, 2020 - 2030 |
7.3 United States Yeast Market, Revenues & Volume, By Genus, 2020 - 2030 |
7.4 United States Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
7.5 United States Yeast Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Canada Yeast Market, 2020 - 2030 |
8.1 Canada Yeast Market, Revenues & Volume, By Target Audience, 2020 - 2030 |
8.2 Canada Yeast Market, Revenues & Volume, By Type, 2020 - 2030 |
8.3 Canada Yeast Market, Revenues & Volume, By Genus, 2020 - 2030 |
8.4 Canada Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
8.5 Canada Yeast Market, Revenues & Volume, By Application, 2020 - 2030 |
9 North America Yeast Market Key Performance Indicators |
10 North America Yeast Market - Opportunity Assessment |
10.1 North America Yeast Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Yeast Market Opportunity Assessment, By Target Audience, 2020 & 2030F |
10.3 North America Yeast Market Opportunity Assessment, By Type, 2020 & 2030F |
10.4 North America Yeast Market Opportunity Assessment, By Genus, 2020 & 2030F |
10.5 North America Yeast Market Opportunity Assessment, By Form, 2020 & 2030F |
10.6 North America Yeast Market Opportunity Assessment, By Application, 2020 & 2030F |
11 North America Yeast Market - Competitive Landscape |
11.1 North America Yeast Market Revenue Share, By Companies, 2023 |
11.2 North America Yeast Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |