GLOBAL GRAIN DISTILLERS DRIED YEAST MARKET SIZE  ( 2023 - 2030)

The Grain Distillers Dried Yeast market is valued at USD 9.52 Billion in 2024 and is projected to reach a market size of USD 15.29 Billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 7%.

INDUSTRY OVERVIEW

Single-celled fungi known as yeasts thrive in humid conditions. Due to its ability to act as a leavening agent, Saccharomyces Cerevisiae (Baker's yeast) is one of the most well-known yeasts that are frequently utilized in the food business. To develop new yeast cells and emit carbon dioxide, which contributes to the fizz of beer, the speed of wine fermentation, and the softness of the bread, yeast feeds on sugar and oxygen. Dry yeast, the most popular kind of baker's yeast, includes around 95% yeast in solid form. Dry yeast's low manufacturing costs, extended shelf life, and ability to be kept for a long time in the refrigerator are what are fueling the market's expansion.

Dry yeast is used in a variety of sectors, including the pharmaceutical and food and beverage industries. Additionally, the product's growth and demand are both rapidly rising on the international market. Due to the entry of more competitors into the worldwide industry, the market is anticipated to rise with promising potential. Additionally, quick dry yeast is widely used in the field of biotechnology to create various compounds and biofuels from agricultural food waste. Additionally, end-use sectors like the bakery and breweries are bolstering the expansion and demand of the instant dry market globally. Due to its ability to ferment food, yeast is a frequently used foodstuff at home. Additionally, the market for instant dry yeast is being driven by its cheap production costs. Yeast is produced from molasses which is an end product of sugarcane and the prices of sugarcane are not so high due to this, yeast is also produced and available in the market at a minimal cost.

COVD-19 IMPACT ON THE GRAIN DISTILLERS DRIED YEAST MARKET

The expansion of several markets, including the market for instant dry yeast, has been significantly hampered by the COVID-19 pandemic epidemic. The adoption of lockdown in numerous countries, which has had a direct impact on the food processing sectors, particularly the confectionery & bakery business, is to blame for the market decline. Additionally, the fast-food businesses, restaurants, and hotel industry were badly impacted, which slowed down demand for quick dry yeast. The fact that dry yeast is mostly employed in the food services industry is another factor that is thought to be impeding the market for quick dry yeast from expanding. However, it is anticipated that the supply of instant dry yeast will restart soon once the epidemic is over. It is predicted that when dried yeast is overused in ready-to-eat goods, demand will increase. The growing working population is also driving up demand for prepared meal items. Therefore, it is anticipated that these factors would accelerate the market for instant dry yeast in the years to come.

MARKET DRIVERS: 

The surge in the production of the pharmaceutical, brewery, and bakery products

Compared to active dry yeast, this form of yeast has a longer shelf life and is more dependable and consistent. Instant dry yeast is frequently used in the manufacturing of beer to enhance its fragrance and maintain its color because of these qualities. Additionally, non-alcoholic drinks and the preservation of packaged foods both use quick dry yeast.

Growing application of dry yeast in the production of biofuel

It has been clear over the last few years that bioethanol plays a significant role in replacing crude oil and reducing environmental pollutants. Yeast is used to make biofuel known as bioethanol. Yeast aids in the conversion of sugar into ethanol, which is then utilized in automobiles in place of diesel. Ethanol manufacturing shares certain similarities with wine and beer production.

MARKET RESTRAINTS:

Rapidly increasing prices of raw materials

The market for instant dry yeast experienced instability as a result of the fluctuating pricing of the basic ingredients required to produce yeast. Molasses is a viscous syrup that is used to make yeast, but it also has uses in the creation of bio-ethanol and animal feed, which is why its price is rising quickly. Additionally, as sugar is used in the production of yeast in excess, the price of sugar has grown, which has had a negative influence on the cost of dry yeast products and hampered the market's desire for instant dry yeast.

 GLOBAL GRAIN DISTILLERS DRIED YEAST MARKET REPORT COVERAGE:

This research report on the Grain Distillers Dried market has been segmented and sub-segmented based on Product, End-User, By Distribution Channel and By Region.

GRAIN DISTILLERS DRIED YEAST MARKET – BY PRODUCT

• Pouch

• Bottle

• Others

Based on Packaging, the market is segmented into Pouch, Bottles and Others. The pouch category, which accounted for the largest revenue share in 2021, is anticipated to rise at a rapid clip over the projection period. Pouches are also quite popular in the food and beverage industry because of their durability, sustainability, personalization, and affordable shipping.

GRAIN DISTILLERS DRIED YEAST MARKET - BY END-USER

• Household

• Food Services

• Bakery and Confectionery

• QSR

• Others

Based on End User, the market is segmented into households, Food Services, Bakery and Confectionery, QSR and Others. McDonald's, Domino's, and KFC are the three biggest fast-food chains in the world. The items that are inexpensive, attractive and fresh, and delicious are also more popular with consumers. Additionally, the market for instant dry yeast is being driven by fast changes in variables including the increased number of working women, disposable money, quick service restaurants opening up as a result of digitization, customer tastes, and various kinds of eateries.

GRAIN DISTILLERS DRIED YEAST MARKET - BY DISTRIBUTION CHANNEL

• Supermarket/Hypermarket,

• Convenience stores,

• E-commerce

• Others

Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience stores, E-commerce and Others. Customers may find consumer items at supermarkets and hypermarkets in enormous quantities in places like North America and Europe. Furthermore, expanding working-class populations, competitive pricing, and increased urbanization are some of the reasons driving supermarket and hypermarket appeal in developed and developing countries. Additionally, these marketplaces serve as one-stop shops where shoppers may find a variety of goods.

GRAIN DISTILLERS DRIED YEAST MARKET - BY REGION

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East

• Africa

By region, the market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. Europe now leads the market for instant dry yeast, and it is projected that it will continue to do so for the duration of the projection. Due to the large consumption of wine, France, Italy, Germany, the United Kingdom, and Spain are the market leaders. Additionally, the main nations for beer production are Germany, Austria, and the Czech Republic. Additionally, Estonia has the highest alcohol consumption rates in the world. In Estonia, kali, a drink prepared from fermented bread, is a favorite libation. Throughout the projected period, these factors are anticipated to promote the expansion of the instant dry yeast market in Europe. During the projection period, Asia Pacific is predicted to have the quickest growth rate. The Asia Pacific region's bread sector is very profitable, and its growth rate has overtaken that of Europe. The busy schedules of the working population, customers' increasing spending power, and expanding urbanization are mostly to blame for this. These factors have significantly increased demand for on-the-go breakfast items, which has in turn increased demand for instant dry yeast. Additionally, the market for alcoholic beverages like wine and beer is increasing throughout Asia-Pacific, with considerable demand coming from countries like India, China, and Japan. The market for instant dry yeast in the Asia Pacific has grown significantly as a result of these factors. During the projection period, North America's demand for instant dry yeast is anticipated to expand significantly. The widespread use of biofuels like bio-ethanol is a key factor in this market's growth. The Renewable Fuels Association reports that the United States exported 95.5 million gallons of bioethanol in April 2016. The increased use of alcoholic drinks is also a factor in this market's expansion.

GRAIN DISTILLERS DRIED YEAST MARKET - BY COMPANIES

Some of the major players operating in the market include:

1. ANGEL YEAST CO.

2. LALLEMAND INC.

3. LESAFFRE GROUP,

4. ASSOCIATED BRITISH FOODS PLC

5. CHR HANSEN GROUP

6. ALLTECH

7. LEIBER GROUP

8. LEVAPAN GROUP

9. ORIENTAL YEAST CO.

10. BIOMIN

NOTABLE HAPPENING IN THE ENHANCED WATER MARKET

• EXPANSION- On June 18, 2019, AB Mauri Food Inc. opened a larger headquarters in St. Louis, Missouri, United States. The company's research and development centre for yeast strains was also expanded as a result of the extension of its headquarters, which will increase the company's production.
• ACQUISITION- On September 10, 2019, ACH Food Companies, Inc. purchased Anthony's Goods, a brand with a strong internet presence in the natural and organic food industry. The firm anticipates that this purchase will aid in broadening its product offering and growing its clientele.