Global Brewers Yeast Market Overview
Brewers Yeast Market Size was estimated at 3.41 (USD Billion) in 2022. The Brewers Yeast Industry is expected to grow from 3.55(USD Billion) in 2023 to 5.2 (USD Billion) by 2032. The Brewers Yeast Market CAGR (growth rate) is expected to be around 4.32% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Brewers Yeast Market Trends Highlighted
There are notable technological changes in the Brewers Yeast Market since the demand for high-end and craft beers is on the rise. The development of new yeast strains, including the high attenuating and low congener producing strains, has further enabled the manufacturers to brew beers with better taste and more towards a perfect fermentation process. There is also a growing trend towards natural yeast products, which is, of course, prompted by the rising awareness of consumers on the advantages of natural ingredients. Further, the adoption of automation and data analytics in the processes associated with yeast production is enhancing operational efficiency and maintaining uniform quality of end products.
Brewers Yeast Market Drivers
Rising Demand for Craft Beer
One of the key drivers of the Brewers Yeast Market Industry is the rising popularity of craft beer. Craft beer is made with a higher quality of ingredients, which includes brewer’s yeast due to which it imparts a distinctive flavor and aroma to the craft beer. With the growing demand for craft beer, the industry is predicted to increase further in the next few years.
Increasing Health Consciousness
There is a growing trend among consumers to be health conscious and they are demanding foods and drinks with health benefits. The brewer yeast is a good source of protein, fiber, and vitamins. This makes it a likely ingredient for many food and beverage manufacturers. The prevalent trend of consumers being health conscious is expected to drive the Brewers Yeast Market Industry in the days to come.
Growing Demand from Emerging Markets
The Brewers Yeast Market Industry is also expected to benefit from the growing demand from emerging markets. In countries such as China and India, the middle class is growing rapidly, and consumers are becoming more affluent. This is leading to an increased demand for food and beverage products, including beer. The growing demand from emerging markets is expected to drive the Brewers Yeast Market Industry in the coming years.
Brewers Yeast Market Segment Insights
Brewers Yeast Market Yeast Type Insights
The Brewers Yeast Market is segmented by Yeast Type into Active Dry Yeast, Cream Yeast, Liquid Yeast, and Instant Dry Yeast. Active Dry Yeast is the most widely used type of yeast in the brewing industry, owing to its stability, ease of storage and handling, and low cost. The Active Dry Yeast Market is projected to reach USD 1.2 billion by 2024, growing at a CAGR of 4.5% from 2024 to 2024. Cream Yeast is a type of fresh yeast that is used to produce high-quality beers. The Cream Yeast Market is expected to reach USD 650 million by 2024, growing at a CAGR of 3.8% from 2024 to 2024.Liquid Yeast is a type of yeast that is used to produce craft beers. The Liquid Yeast Market is projected to reach USD 400 million by 2024, growing at a CAGR of 4.2% from 2024 to 2024. Instant Dry Yeast is a type of yeast that is used to produce instant beers. The Instant Dry Yeast Market is expected to reach USD 300 million by 2024, growing at a CAGR of 4.0% from 2024 to 2024. The growth of the Brewers Yeast Market is attributed to the increasing demand for beer, the rising popularity of craft beers, and the growing awareness of the health benefits of beer.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Brewers Yeast Market Application Insights
Beverage Fermentation, Food Production, and Other Industrial Applications are the key application segments in the brewers yeast market. Beverage Fermentation is the key segment and is expected to dominate the market by application, with the highest market share in 2023. The growth in the demand for naturally fermented beverages like beer and wine, along with the beneficial properties of brewers yeast, will support the growth of this segment. Food Production is the second most dominant segment and is expected to be the fastest-growing application segment.The increased consumption of bread and bakery products in the developed regions and the growing consumption of fortified food items in the emerging regions will drive the growth of this segment. Other Industrial Applications which include animal feed and pharmaceuticals, will also benefit from the increased demand for brewers yeast, which is considered a natural and sustainable source due to its beneficial properties.
Brewers Yeast Market Functional Strain Insights
High gravity strains are expected to lead the functional strain segment of the brewers yeast market with a projected valuation of USD 1.2 billion by 2032. Lager strains are predicted to witness significant growth, reaching an estimated USD 950 million by the end of the forecast period. Ale strains, known for their versatility, are forecasted to garner a market size of USD 800 million. Specialty strains catering to specific brewing requirements are anticipated to contribute USD 700 million to the overall market revenue.
Brewers Yeast Market Distribution Channel Insights
The Brewers Yeast Market is segmented based on Distribution Channel into Direct Sales to Breweries and Wineries, Wholesale Distribution, and Online Platforms. Insights Direct Sales to Breweries and Wineries account for the largest market share due to the strong relationships between yeast manufacturers and breweries. Wholesale Distribution is expected to exhibit significant growth due to the increasing demand from small and medium-sized breweries. Online Platforms are gaining traction as they offer convenience and a wider selection to customers.In 2023, the Brewers Yeast Market revenue through online platforms is projected to reach $245 million, expanding at a CAGR of 6.2% from 2024 to 2032. Overall, the distribution channel segmentation provides insights into the different channels through which brewers yeast is reaching its customers. This information can be used by manufacturers to optimize their distribution strategies and better meet the needs of their target markets.
Brewers Yeast Market End-Use Sector Insights
The Brewers Yeast Market is segmented into end-use sectors such as craft breweries and microbreweries, commercial breweries, and food and beverage processing. The craft breweries and microbreweries segment is expected to witness significant growth over the forecast period due to the increasing popularity of craft beers and the growing number of craft breweries. The commercial breweries segment is expected to remain the largest segment throughout the forecast period due to the large-scale production of beer by commercial breweries. The food and beverage processing segment is expected to grow at a steady pace due to the increasing use of brewers yeast in food and beverage products.In 2023, the Brewers Yeast Market revenue was valued at 3.55 USD Billion. Segmentation insights help businesses understand the different types of customers and their needs, which can help them develop more targeted marketing and product development strategies.
Brewers Yeast Market Regional Insights
The Brewers Yeast market is expected to reach USD 3.55 billion by 2023, exhibiting a CAGR of 4.32% during the forecast period. Regionally, North America accounted for the largest share of the market in 2023, owing to the growing demand for craft beer and increasing health consciousness among consumers. Europe is expected to witness significant growth over the forecast period due to the rising popularity of specialty beers and the presence of well-established breweries. The APAC region is anticipated to register the fastest growth rate during 2023-2032, driven by the increasing disposable income and changing lifestyle preferences in emerging economies such as China and India.South America and MEA are expected to contribute a smaller share to the market, but they are expected to witness steady growth over the forecast period.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Brewers Yeast Market Key Players And Competitive Insights
Major players in Brewers Yeast Market are continuously indulging in strategic partnerships, acquisitions, and collaborations to expand their geographical reach and strengthen their position in the market. Leading Brewers Yeast Market players are investing heavily in research and development activities to develop innovative products and solutions that cater to the evolving demands of the brewing industry. The Brewers Yeast Market industry is characterized by intense competition, with several key players holding a significant market share. These leading players are constantly striving to gain a competitive edge by implementing advanced technologies, optimizing production processes, and expanding their product portfolios.Associated British Foods is a leading player in the Brewers Yeast Market. The company offers a wide range of yeast products for various brewing applications. ABF's commitment to innovation and customer satisfaction has enabled it to establish a strong presence in the market. The company has a network of production facilities and distribution channels, allowing it to cater to the diverse needs of its customers. ABF's focus on sustainable practices and environmental stewardship further enhances its reputation as a responsible corporate citizen. The company's commitment to quality and innovation has led to the development of specialized yeast strains that optimize fermentation processes and improve beer flavor profiles.Lesaffre is another key player in the Brewers Yeast Market. The company has a long history of providing high-quality yeast solutions to the brewing industry. Lesaffre's extensive portfolio includes a range of yeast strains specifically designed to meet the unique requirements of different brewing styles. The company's commitment to research and development has resulted in the development of innovative yeast products that enhance fermentation efficiency, reduce production time, and improve beer quality. Lesaffre's presence and strong distribution network ensure that its products are readily available to brewers worldwide. The company's focus on customer support and technical expertise has made it a trusted partner for brewers seeking to optimize their brewing processes and create exceptional beers.
Key Companies in the Brewers Yeast Market Include
- Pakmaya
- Angel Yeast Co., Ltd.
- Leiber GmbH
- Lallemand Inc.
- Kerry Group plc
- Sacco System
- Lesaffre
- Novozymes A/S
- AB Mauri
- Hansen Holding A/S
- Cargill, Incorporated
- Biomin Holding GmbH
- Advanced BioNutrition Corp.
- DSM Nutritional Products
Brewers Yeast Market Industry Developments
The brewers yeast market is projected to reach USD 5.2 billion by 2032, exhibiting a CAGR of 4.32% during the forecast period. Increasing demand for craft beer, rising health consciousness, and growing adoption of vegan diets are key factors driving market growth. Technological advancements, such as the development of new yeast strains with enhanced fermentation capabilities, are further contributing to market expansion. Recently, AB InBev announced plans to invest in a new yeast production facility in China, highlighting the growing importance of brewers yeast in the beer industry.
Brewers Yeast Market Segmentation Insights
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High Gravity Strains
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Lager Strains
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Ale Strains
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Specialty Strains
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Brewers Yeast Market Distribution Channel Outlook
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Brewers Yeast Market End-Use Sector Outlook
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Brewers Yeast Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.41(USD Billion) |
| Market Size 2023 |
3.55(USD Billion) |
| Market Size 2032 |
5.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.32% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Pakmaya, Angel Yeast Co., Ltd., Leiber GmbH, Lallemand Inc., Kerry Group plc, Sacco System, Lesaffre, Novozymes A/S, AB Mauri, Chr. Hansen Holding A/S, Cargill, Incorporated, Biomin Holding GmbH, Advanced BioNutrition Corp., DSM Nutritional Products |
| Segments Covered |
Yeast Type, Application, Functional Strain, Distribution Channel, End-Use Sector, Regional |
| Key Market Opportunities |
Increased beer consumption, rising demand for craft beers, technological advancements in health and wellness trends and expanding applications in food and beverages |
| Key Market Dynamics |
Increasing beer consumption, technological advancements, growing demand for organic and gluten-free products, expansion of the craft beer industry and rising consumer health consciousness |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Brewers Yeast market is expected to reach a valuation of 3.55 billion USD in 2023.
The Brewers Yeast market is projected to grow at a CAGR of 4.32% from 2024 to 2032.
North American region is expected to hold the largest share of the Brewers Yeast market in 2023.
Brewers Yeast is primarily used in the production of beer, but it also has applications in the food, beverage, and pharmaceutical industries.
Key competitors in the Brewers Yeast market include Lesaffre, AB Mauri, and Lallemand.
The growth of the Brewers Yeast market is being driven by factors such as increasing demand for beer, rising disposable income, and growing health consciousness.
The Brewers Yeast market faces challenges such as fluctuations in raw material prices, competition from synthetic substitutes, and regulatory hurdles.
Opportunities for growth in the Brewers Yeast market include expanding into emerging markets, developing new applications, and investing in research and development.
Key trends in the Brewers Yeast market include the growing demand for organic and craft beer, the use of Brewers Yeast in food and beverage products, and the development of new strains of Brewers Yeast.
The Brewers Yeast market is expected to reach a valuation of 5.2 billion USD by 2032.
