DUBLIN, January 27, 2022--(BUSINESS WIRE)--The "Global Instant Dry Yeast Market By Packaging, By End User, By Distribution Channel, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Instant Dry Yeast Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 7% CAGR during the forecast period.
Key Market Players
Koninklijke DSM N.V.
ACH Food Companies, Inc. (Associated British Foods)
Chr. Hansen Holding A/S
Kerry Group PLC
Angel Yeast Co., Ltd.
Foodchem International Corporation
Yeasts are single-celled fungi that grow in a moist environment. Saccharomyces Cerevisiae (Baker's yeast) is one of the most popular yeasts that are commonly used in the food industry due to its leavening agent property. Yeast feeds on sugar and oxygen in order to release carbon dioxide and to produce more yeast cells that help in making beer bubbly, fastening the fermentation process in the wine industry, and making dough soft. The most common type of baker's yeast is dry yeast and contains approximately 95% yeast in solid form. Dry yeast has comparatively less production cost, long shelf life, and could be stored for a long period in the refrigerator which is driving the growth of the dry yeast market.
As instant dry yeast finds its applications in various industries like pharmaceutical and food & beverage industry. Moreover, the growth & demand of the product is significantly increasing in the global market. The growth of the market is expected to witness bright prospects due to the entrance of a greater number of players in the global market. Additionally, instant dry yeast is highly utilized in the field of biotechnology to produce biofuels from agricultural food waste and to make several kinds of chemicals.
Moreover, end user industries like brewery and bakery are boosting the growth & demand of the instant dry market in the global market. Yeast is a regularly and commonly used item at home, owing to its fermentation feature. Further, the major factor propelling the growth of the instant dry yeast market is its low production cost. Yeast is produced from molasses that is an end product of sugarcane and the prices of sugarcane are not so high due to which, yeast is also produced and available in market at minimal cost.
Market Growth Factors:
The surge in the production of pharmaceutical, brewery, and bakery products
The shelf life of this type of yeast is comparatively more than active dry yeast and is more reliable and consistent. Due to these properties of instant dry yeast, it is widely used in the production of beer to add more aroma to it and to stabilize its color. In addition, instant dry yeast also finds its application in non-alcoholic beverages and for the preservation of packaged food.
Growing application of dry yeast in the production of biofuel
In the past few years, it is witnessed that bioethanol has emerged as the major contributor in the replacement of crude oil and it helps in decreasing environmental pollution. Bioethanol is a biofuel that is produced with the help of yeast. Yeast helps in transforming sugar into ethanol, which is later used as a substitute for diesel in vehicles. The process of producing ethanol is somewhere similar to the production of wine and beer.
Market Restraining Factor:
Rapidly increasing prices of raw materials
The prices of raw materials that are needed to make yeast are unstable, which led to uncertainty in the instant dry yeast market. Molasses is thick syrup used in the production of yeast, but it finds its application in various industries like animal feeding and production of bio-ethanol due to which, its prices are rapidly increasing. In addition, yeast also grows on sugar substrates like sugar, owing to excessive use of sugar in the making of yeast, the prices of sugar have increased that had a negative impact on the price of dry yeast products and thus, hampering the demand for instant dry yeast in the market.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Instant Dry Yeast Market by Packaging
Chapter 4. Global Instant Dry Yeast Market by End User
Chapter 5. Global Instant Dry Yeast Market by Distribution Channel
Chapter 6. Global Instant Dry Yeast Market by Region
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/rkyvse
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Laura Wood, Senior Press Manager
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