Dry Yeast Market to Witness Increase in Revenues by 2030

According to Future Market Insights, the Dry Yeast Market will expand at 7.0% CAGR from 2020-2030.

Growth is underpinned by rising awareness about the importance of nutrition-enhanced animal foods. As pet ownership rises, consumers are looking for healthier food options. Dry yeast helps achieve this objective. They assist in improving digestion and reduce the risk of diseases.

More recently, veganism has dictated dietary preferences, owing to growing environmental degradation concerns posed due to production of animal-based foods. Additionally, vegan feeds are richer in nutritional content and improve feed quality. This shifting consumer trend is compelling manufacturers to incorporate dry yeast in animal feed production.

Palatability is an important factor while selecting animal feeds. Dry yeast helps in this regard by imparting an umami taste, thereby indulging the sensory experience of animals. Based on these trend, the dry yeast market will experience a major uptick across the aforementioned forecast period.

"Surging popularity of yeast-derived products is compelling manufacturing to diversify existing portfolios by introducing new products in collaboration with other players and expansion of their production capabilities," says an FMI analyst.

Key Takeaways from FMI's Dry Yeast Market Report

Active dry yeast shall be the most extensively used culture to enhance pet feeds in the forecast period
Rising veganism trends are accelerating organic dry yeast usage
Global dry yeast market shall surpass US$ 40 Mn by 2020-end
Dry yeast market has transitioned from being a niche market to a mainstream market
Europe shall emerge as a revenue powerhouse of the dry yeast market, attributed to surging awareness about healthy foods

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Dry Yeast Market- Key Trends

Rising preference for clean label ingredients by consumers shall underpin dry yeast market growth in the forecast period
Humanization of pets is bolstering appetite for high quality and premium pet food options, providing traction to the dry yeast market
Blanket ban on antibiotics usage in animal feeds is auguring demand for dry yeast as an effective substitute
High prices of yeast-based feeds renders them unaffordable to low and middle-income consumers, restricting growth prospects

Dry Yeast Market- Regional-wise Analysis

Europe to spearhead the global growth, with France & Germany being primary revenue generators
Rising demand for clean label foods is stimulating the European dry yeast market growth
North America accounts for over 1/5th revenue share, exhibiting a CAGR of 6.1% from 2020-2030
India accounts for 13% of the total dry yeast usage in animal feeds in the Asia-Pacific market

Dry Yeast Market- Competitive Landscape

Prominent players in the dry yeast market include Bellarise, SAF Instant Yeast, ADY, Kerry Group, ADM, Sensient Technologies Corporation, Associated British Foods, Red Star Active Dry Yeast and Titan Biotech Ltd., to name a few. These players are concentrating on introducing new products to enhance their product portfolio.

Titan Biotech, for instance, manufactures the Yeast Extract Powder Type 1 for usage in non-alcohol based foodstuffs. Likewise, ADM Animal Nutrition introduced yeast protein for animals in 2018. Recently, in 2020, it also launched the NutriPass L encapsulated lysine supplement for bovine animals, especially for lactating cows and growing cattle.

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Dry Yeast Market Taxonomy

Product Type

Active Dry Yeast
Inactive Dry Yeast

Form

Powder
Flakes
Tablet Capsule

Base

Fortified
Unfortified

Nature

Organic
Conventional

Sales Channel

B2B
B2C
Modern Trade
Specialty Stores
Convenience Store
Online Retail
Other Sales Channel

Region/Country

North America

U.S
Canada

Latin America

Brazil
Mexico
Argentina
Rest of Latin America

Europe

EU-5
BENELUX
Russia
Poland
Rest of Europe

South Asia

India
Pakistan
Sri Lanka

East Asia

China
Japan
South Korea

Oceania

Australia
New Zealand

Middle East & Africa

GCC
Turkey
South Africa
Rest of MEA

Get Valuable Insights into the Dry Yeast Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global dry yeast Market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the dry yeast market, allowing readers to glean qualitative and quantitative information which will enable them to take informed market decisions in the upcoming forecast period.