Instant Yeast Market Size, Share & Industry Analysis, By End-User (Bakery Industry [Breads, Biscuits, Cookies & Crackers, Cakes, Pastries & Doughnuts] Foodservice Industry, Households)And Regional Forecast, 2024-2032

The global yeast industry is thriving due to the rising demand for innovative bakery products across the globe. Yeast imparts fluffiness, texture, and mouthfeel to the product. Instant dry yeast is gaining popularity among bakery processors due to its easy handling and minimum processing. It can be added directly to the dough without any activation process, which reduces processing time as well as chances of errors in measurement. Instant yeast is also more concentrated than fresh yeast and active yeast. The development of innovative variants such as osmotolerant yeast has significantly contributed to market growth.

Evolving consumer preferences towards ready-to-use products is expected to further propel the growth of the instant yeast market in foreseeable years. The bakery industry is constantly evolving with novel product developments. The growing popularity of innovative bakery desserts among millennials is projected to increase the demand for instant yeast. Increasing investments in research activities to develop newer strains of yeasts that enhance the processing performance of the product are expected to fuel the market growth in the upcoming years.

The popularity of various bakery products such as breads, cakes, pizzas, and biscuits has significantly over the past few years. The emerging trend of dining out and trying various products such as pizza, novel varieties of breads and biscuits is expected to drive the demand for instant yeast across the bakery industry. The rising popularity of bakery desserts such as cakes, pastries, and other products has considerably increased the demand for instant yeast in households. The leading manufacturers are investing in research and development activities to strengthen their instant yeast product portfolio. The growing utilization of instant yeast for the development of various bakery products is expected to propel the market growth in foreseeable years.

Bakery products have high amounts of carbohydrates, excessive consumption of which is associated with conditions such as obesity, diabetes, and blood pressure. The growing awareness regarding the negative health impacts of excessive consumption of bakery products among consumers is expected to hamper the demand for instant yeast. The shorter shelf life of instant yeast is also expected to act as a restraint for the market growth.

Key Players Covered:

The key companies operating in the global instant yeast market are, Lesaffre Group, Associated British Foods Plc., Lallemand, Inc., Angel Yeast Co. Ltd., Oriental Yeast Co. Ltd., Kerry Group Plc., Koninklijke DSM N.V., Chr. Hansen Holdings A/S, Sensient Technologies Corporation, and Leiber GmbH.

The bakery industry segment is expected to witness strong growth owing to the rising popularity of innovative bakery products. Instant yeast is easy to handle, store, and process which increases its demand across the bakery industry for the processing of various products. It reduces the time required for processing, ultimately decreasing the production cost. The growing demand for instant yeast in households for the preparation of cakes, breads, and biscuits is expected to fuel the market growth in upcoming years.

Regional Analysis:

North America is projected to exhibit robust growth owing to the increasing innovation and product development activities in the bakery sector. The rising trend of organic, vegan products in the region is fuelling the development of novel yeast strains that enable manufacturers to develop high-quality products. The increasing consumer demand for innovative bakery desserts is driving innovation to improve product structure and appearance. The key players are investing in research, development, and innovation to provide solutions for the bakery industry.

The demand for traditional bakery products is decreasing, while the sale of healthy bakery products with natural and organic ingredients is increasing in Europe. The demand for instant yeast is primarily driven by the growing demand for convenience bakery products. Gluten-free bread is gaining robust popularity in the region owing to the health benefits associated with it. The key companies are focused on developing instant yeast variants that deliver a quality product and process robustness.

In emerging markets like China and India, the middle-class population is increasing and consumer trends are evolving. The rising demand for bakery snacks such as cookies, pastries & and cakes is driving the demand for instant yeast in Asia Pacific. The rising demand for burgers, pizzas, and breads acts as a big opportunity for the growth of the instant yeast market in Asia Pacific.

Segmentation

Key Industry Developments

• In February 2020, Novzoymes launched a new yeast technology, Innova Fit, the most advanced non-GM yeast that enables the elimination of production constraints caused by conventional yeasts.


• In October 2018, Angel Yeast Co. Ltd. launched a new premium baking yeast that has better performance in cold water and heavy oil resistance.