Yeast & Specialty Yeast Market Worth 4.95 Billion USD by 2021

PUNE, India, June 30, 2016 /PRNewswire/ --

The report "Yeast Market by Type (Baker's, Brewer's, Wine, Feed, Bio-ethanol), Form (Dry, Instant, Fresh), Application (Food, Feed), Species, & Specialty Yeast Market by Type (Yeast Extract, Autolysate, ß-glucan), & by Region - Global Trend & Forecast to 2021", The global market is projected to reach USD 4.95 Billion by 2021 in terms of value, at a CAGR of 8.9% from 2016 to 2021, and 3,115.2 KT in terms of volume by 2021, at a CAGR of 6.9% from 2016 to 2021.

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Browse 171 market data Tables and 71 Figures spread through 225 Pages and in-depth TOC on "Yeast & Specialty Yeast Market"

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The demand for bio-ethanol yeast for fuel production and rising demand for bakery and confectionary products have been contributing to the growth in the Yeast Market.

"Baker's yeast segment captured the largest market share in 2015" 

The baker's yeast segment accounted for the largest share and was followed by the brewer's yeast segment in 2015. All applications considered for the yeast products are those that are commercially available and traded. In the same year, Europe accounted for the largest share in the baker's yeast segment. North America contributed the second-largest share. The demand for baker's yeast is driven by the growth in demand for high-value baked goods such as cakes and cookies which are marketed globally by large companies.

"Fresh yeast captured the largest market share in 2015" 

The growth of fresh Yeast Market is directly linked to the increasing trend of processed and fast food consumption, especially bakery items. Fresh yeast is extremely perishable and requires refrigeration. It is widely used in bakery products such as breads and pastries as it has good rising qualities and provides excellent taste. Europe was the largest market for fresh yeast and accounted for the maximum share in 2015. As per the emerging global trend, Asia-Pacific is presently one of the most promising markets for fresh yeast, as its demand is continuously increasing with the rise in population and changing demand of processed food products.