Rising demand of Vegetarian Food to boost Instant Dry Yeast Market Growth

Instant Dry Yeast Market

Instant Dry Yeast Market by End User (Food and Beverages, Feed, Pharmaceuticals, Others), Types (Low-sugar Instant Dry Yeast, High-sugar Instant Dry Yeast), by Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2030.

 

The global Instant Dry Yeast Market is estimated to be valued at US$ 4.63 billion in 2021 and is expected to exhibit a CAGR of 8.7 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Yeast is the unicellular microorganism that increase the fermentation procedure to convert solid dough into a smooth loaf of bread. It takes place by feeding on sugars in the dough and exorcising carbon dioxide. There are two major kinds of yeast utilized in baking such as active dry and instant dry yeast, both of which are usually available at the local grocery store. The most usual kind of yeast utilized in dishes is known as active dry yeast, which is available in the form of packets or containers. It is extracted from wild yeasts that are converted into syrup and starch and further dried in a way that decreases it to 95 % dry yeast.

Competitive Landscape:

Key players involved in the growth of the global Instant Dry Yeast Market are Fleischmann's Yeast, AB Mauri Food, Lesaffre, Hagold Hefe Gmbh, Asmussen Gmbh, LALLEMAND Inc, ACH Foods, Pakmaya, and Angel Yeast.

 

Market Key Drivers:

Rising demand for vegan food and vegetarian pet food is projected to propel the growth of the global Instant Dry Yeast Market. For instance, around 75 million people across the globe are vegetarians. Yeast is an important ingredient in the bakery, thus the rise in bakeries and rising use of yeast in bakeries across the globe is anticipated to drive the growth of the global Market. For instance, the baking industry generates around US$ 30 billion annually.

 

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of the global Instant Dry Yeast Market due to the imposition of strict lockdown. The rise in the pandemic has led to a disruption in the supply chain and a halt in the supply of products, the closure of manufacturing and production units along with other industries has impeded market growth.

 

Key Takeaways:

The global Instant Dry Yeast Market is anticipated to exhibit a CAGR of 8.7 % during the forecast period owing to rising launches and approvals. For instance, in 2019, Lallemand Baking launched LalFerm, a new brand of fresh baker’s yeast.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in global Instant Dry Yeast Marke due to the rising number of bakeries, increasing shift of people towards consuming veg, increasing approvals, and product launches. For instance, as per IBIS in 2023, there were around   8,780 Bakery Cafes businesses in the U.S.