Brewers Yeast Industry reached a value of USD 5.09 Bn. in 2023. Brewer’s Yeast Market size is estimated to grow at a CAGR of 9.1%. The market is expected to reach a value of USD 9.37 Bn in 2030.
Market Overview:
It contains protein and B vitamins. includes chromium as well, which may improve insulin utilization and help lower blood sugar levels. In addition, it can provide you energy and help keep your lips, eyes, skin, and hair healthy. It might work well to strengthen the immune system and help the nervous system. By enhancing glucose tolerance, the chromium in brewer's yeast may benefit those with type 2 diabetes.
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Market Dynamics:
Increased health awareness to promote the growth of the brewery yeast market:
Increasing awareness of protein and nutrient ingestion is driving the growth of the brewer's yeast market. In addition, the use of brewing yeast as an intoxicating for various immune functions such as cell reinforcement further accelerates the market growth. Increasing research on brewing yeast and the benefits allied with its depletion and use is expected to further smooth the market during the forecast period.
Various side effects associated with the yeast are hampering the growth of the market: The brewer’s yeast aspect significances are a good-sized hindrance to the marketplace. The maximum not unusual place facet consequences are extra gas, bloating, and migraine-like complications that disrupt the clean float of the marketplace. The extended presence of animals tormented by numerous issues due to the ingestion of yeast extracts is likewise a downside for the marketplace which is considered a major factor for hampering the growth of the market.
Rising Disposable income and adoption of western lifestyle creates opportunities for the market: Brewing yeast is a source of B vitamins and protein. It also contains chromium, which helps the body use insulin better and also lower blood sugar levels. Brewer yeast also appears to increase gastric enzymes that can relieve diarrhoea and improve the body's defence against viral infections such as the flu. It can also be used for weight loss which is a major factor for creating lucrative growth for the market as well.
Market Segment Analysis:
Based on Application, the market is segmented into Feed Supplement, Food Supplement and Others. The Feed Supplement segment is expected to hold 61.49% of the overall market share in terms of revenue by 2030. The feed supplement section pushes the market by using the various animal feed in which Brewing yeast with garlic powder contains nicotinic acid (vitamin B3). This is essential for the proper bone growth and development of chicks, especially ducklings and goslings. Nutritional supplementation resulting from the product leads to increased productivity in augmented meat production, improved milk production and increased reproductive efficiency in the reflective sorts. The growing feed supplement is expected to create new boulevards for product manufacturers. The chromium in Brewer's yeast assists in rheostat the sugar echelons of type 2 diabetics by enlightening glucose forbearance.
Based on Type, the market is segmented as Dry and Liquid. The Dry segment is expected to hold 58.3% of the overall market share in terms of revenue by 2030. The use of by-merchandise for agro-industries is greater frugally feasible than outdated feeds because the former are greater expensive. Growing worries approximately growing expenses for imported feed ingredients, consisting of cornmeal and soybeans, have driven up manufacturing costs. This marketplace is predicted to grow the call for Dry yeast and different agro-commercial by-merchandise.
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Regional Insights:
Asia Pacific is expected to grow at a CAGR of 6.7% during the forecast period. The Asia Pacific region is projected to grow most rapidly during the forecast period, this is due to the growing expansion of the animal feed industry in developing countries in the region, such as India, China and Japan. In addition, population growth and per capita consumer income growth in the region are also expected to actively drive the growth of the global brewing yeast market. Increasing consumer demand for yeast-rich diets is driving the growth of the region's brewing yeast market.
The North American region is expected to dominate the market during the forecast period with a 36.3% market share. It is attributed to the high production of animal feed in the United States. The direct approach from manufacturers to product inclusion in various foods is estimated to drive the global brewer's yeast market in the region, driven by growing consumer demand for these products. Healthy and safe products for years to come
Key Players are:
- Omega Yeast Labs
- Lallemand Inc.
- Synergy Flavors
- F.L. EMMERT
- BIOMIN HOLDING GMBH
- Inland Island Yeast Laboratories
- Diamond V, Pacific Ethanol
- Scandinavian Formulas
- Kerry Group 10.Cargill, Incorporated 11.Leiber GmbH 12.Associated British Food Plc. 13.Oriental Yeast Co. Ltd 14.Hansen Holding A/S 15.Koninklijke DSM N.V. 16.Bruchem, Inc
Key questions answered are:
What segments are covered in the Brewers Yeast Market report?
Which region is expected to hold the highest share in the Brewers Yeast Market?
What is the market size value of the Brewers Yeast Market by 2030?
What is the forecast period for the Brewers Yeast Market?
What was the market size value of the Brewers Yeast Market in 2023?
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