Fresh Compressed Yeast Market Overview: Competitive Landscape and Strategies

Posted by ramacharitbrc on February 9th, 2024

The Fresh Compressed Yeast Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Fresh Compressed Yeast Market:

https://www.thebusinessresearchcompany.com/report/fresh-compressed-yeast-global-market-report

According to The Business Research Company’s Fresh Compressed Yeast Global Market Report 2024, The fresh compressed yeast market size has grown strongly in recent years. It will grow from .64 billion in 2023 to .05 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The  growth in the historic period can be attributed to bakery industry growth, staple in traditional baking methods, food processing industry expansion, rising population and urbanization, health consciousness and natural ingredients.

The fresh compressed yeast market size is expected to see strong growth in the next few years. It will grow to .8 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to specialty and artisanal baked goods, expansion of quick-service restaurants, gluten-free and allergen-free product development, globalization of baked goods consumption, e-commerce growth in food ingredients sales. Major trends in the forecast period include research in yeast strain development, sustainable and eco-friendly practices, microbial fermentation technologies, technological advancements in packaging, clean-label and non-gmo products.

The increasing demand for bakery products is expected to propel the growth of the fresh compressed yeast market going forward. Bakery products are food items that are usually produced in a bakery that manufactures and sells flour-based baked products such as cookies, cakes, pastries, bread, and pies. Fresh yeast or compressed yeast is frequently used in bakery items such as bread, rolls, and other yeast-raised baked foods. It has a short shelf life and should be used within a few days. Fresh compressed yeast is one of the important ingredients that are used in baking bakery products. For instance, in October 2022, according a stats sourced from Euromonitor International, 2022 published on Government of Canada official website, retail sales of baked goods in US reaching .9 billion in 2021 and is expected to reach US.8 billion in 2026. Therefore, the increasing demand for bakery products is driving the growth of the fresh compressed yeast market going forward.

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The fresh compressed yeast market covered in this report is segmented –
1) By Product Type: Baker’s Yeast, Brewer’s Yeast, Bio-ethanol Yeast, Feed Yeast

2) By Form: Fresh Yeast, Active Dry Yeast, Instant Yeast, Other Forms

3) By Application: Functional Food, Beverage Segment, Feed, Other Applications

Technological advancements are a key trend gaining popularity in the fresh compressed yeast market. Major companies operating in the fresh compressed yeast market are adopting new technologies to sustain their position in the market. For instance, in December 2022, EvodiaBio, a Denmark-based producer of natural aromas, launched the ‘elegant’ yeast-based technology solution for the beverage industry. This method permits the cost-effective and long-term biotechnological production of volatile fragrance molecules from beans for the first time. The brewer avoids depleting limited plant resources while lowering water and CO2 emissions by more than 90% by employing this method. This modified yeast has the potential to improve the flavor of non-alcoholic beer while also offering a more environmentally responsible alternative to hop harvesting, shipping, and processing.

The fresh compressed yeast market report table of contents includes:
1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

……….

27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis