Fresh compressed yeast is prepared from cream yeast left after water is drained off from the freshly prepared yeast by mixing it with emulsifiers, cottonseed oil, and with help of centrifugal force.
It has various implementations in bakery products including French Breads, Bread Roils, Rye Breads, Pan Breads, Croissants and Yeast raised donuts.
Bakery holds a major share in the food segment of fresh compressed yeast; therefore, yeast is primarily used by bakers for making high quality breads and cakes which cannot be made with dry yeast or any other alternative products.
The Covid-19 pandemic had an unpleasant impact on the fresh compressed yeast market. The production has been on halt and both the demand and supply ware affected. The market suffered moderate loss; however the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rising disposal income, changing taste and preference of consumers which includes rapid demand for processed food and significant increase of alcohol consumption is fuelling the market growth.
- Growing trend of processed and fast food consumption, especially bakery items is expected to spur the market growth.
- Various application of fresh compressed yeast in confectionery and bakery sector is driving the market.
- Rising awareness about nutritional benefits of yeast among consumers is expected to propel the growth of yeast market over the forecast period.
- Lack of suitable raw materials required in the production of different yeast types is projected to impede the growth of yeast market during the forecast period.
- Yeast are perishable and it is requires proper refrigeration and maintenance; therefore, lack of sustainability act as a major factor that can hinder the market growth.
- R&D investment and technological advancement in brewing enzymes are expected to offer lucrative opportunities for the market players.
Market Segment insights
The baker’s yeast segment is projected to constitute a large market share
Based on category, the global fresh compressed yeast market is segregated into baker’s yeast, brewer’s yeast, bio-ethanol yeast and feed yeast. The baker’s yeast segment is expected to account for a key share of the market during the forecast period owing to the rising trend of processed and fast food consumption such as pizza, bread and other bakery items due to changing lifestyle. It contains nutrients such as vitamin, protein, potassium, zinc, magnesium and others. The growing demand for alcoholic beverages and rising demand for healthy yeast and is expected to propel the market growth of fresh compressed yeast.
Food and beverage segment is expected to register a substantial CAGR
Based on application, the global fresh compressed yeast market is divided into functional food, feed, beverage Industry and others. The food and beverage segment together accounts for a key share of the market which is more than 80% in 2019 and is estimated to propel even further over the forecast period owing to rapid demand for processed food and significant increase of alcohol consumption. However, feed segment is projected to grow over the forecast period due to growing consumption of feed containing yeast by the animals.
Asia Pacific is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to expand at a robust CAGR during the forecast period. The rising demand for westernized food habits, surging disposable income and increasing adoption innovation and technology in food and beverage industry are anticipated to boost the market growth over the coming years; However, The market of North America is expected to exhibit a rapid growth rate in the coming years owing to its application in different form of fresh compressed commodities such as functional food, supplements and others.
Compititive Landscape
Key players competing in the global fresh compressed yeast market include AngelYeast Co.Ltd, Lesaffre Yeast Corporation, Associated British Foods plc, Chr. Hansen Holding A/S, and Koninklijke DSM N.V., Other players in this segment include Lallemand Inc., Alltech, Leiber GmbH, Oriental Yeast Co., Ltd, and Synergy Flavors, Kerry Group plc, Sensient Technologies Corporation and others.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.
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