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Baker’s Yeast: Market outlook

Baker's yeast is a common name for yeast strains and is an important ingredient in many bakery products. In baking foods, Baker's yeast is used mainly as a leavening agent as it helps fermentable sugar present in the dough to transform into carbon-dioxide and ethanol. In the manufacturing of bakery products, yeast is a key ingredient and has three primary functions: first, creation of the flavor of fermentation: imparts the characteristic flavor diffused in the crumb of the baked bread. Second, causes of dough maturation: results in soft, airy physical structure associated with yeast-leaved products. And third, carbon dioxide production causes the development of the dough as it is stranded within the protein matrix of the dough. The growth outlook for the bakery industry is optimistic, but demand growth is driven by rapidly changing customer preferences. Such preferences, in effect, are influenced by market patterns that are somewhat paradoxical in their existence, such as growing consumer health consciousness and growing demand for food indulgence. Bread and biscuits remain the key types, with the most emerging of segment cakes and pastries. Geographically, industrial development is driven by higher demand in developing and developed markets. In developed markets, the market for typical bakery products or staple foods is decreasing, while "healthy" baked goods with natural and organic ingredients are being sold. At the same time, paradoxically, consumers have a strong urge for food indulgence. This is particularly important in the bakery segment, where indulgence foods constitute a large proportion of the development.

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Innovation in Baking Industry Propelling Demand of Baker’s Yeast

Baker's yeast is available in different forms, the major differences being moisture content. As each form has some advantages over all others, the preference of which form to use is mainly a question of the characteristics of the recipe at hand and the training of the cook to prepare it. Dry yeast form is prominently preferred as they can be stored for a longer period, often lasting over several periods at room temperatures without a noticeable loss of changes in its properties. With occasional exceptions for liquid content and temperature, the various forms of commercial yeast are generally considered to be interchangeable. Baker’s Yeast demand has drastically increased due to the various option of food which are provided by taking bread as the base of many dishes. Bread was a sign of prosperity and political stability in many cultures. Despite the history, bread continues to be the staple food in many countries until now. Taking these factors into consideration the demand for Baker’s yeast is likely to grow in the years to come. The baker's yeast market is expected to show notable growth in the application of its increasing demand in the food industry and other industrial sectors. Growing demand in the bakery products is expected to remain a key factor for the global market. Huge demand for on the go items as well as baked foods is assumed to fuel the rapidly growing baker's yeast market.

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Global Baker’s Yeast: Market Segmentation

Based on application, global Baker’s Yeast can be segmented as: -

  • Cakes
  • Pastries
  • Bread
  • Biscuits
  • Others

Based on form, global Baker’s Yeast can be segmented as: -

  • Solid Baker’s Yeast
  • Liquid Baker’s Yeast
  • Powdered Baker’s Yeast

Global Baker’s Yeast: Key Players

Some the key players operating their business in the global Baker’s Yeast market are Associated British Foods PLC, Kothari Fermentation and Biochem Ltd, Angel Yeast Co. Ltd, Lesaffre International, LALLEMAND Inc., Oriental Yeast India Pvt Ltd, Goodrich Group, AGRANO GmbH & Co. KG among others

  • In Jan 16 2020, Lallemand has recently expanded its operations in the North American market as it acquired and transformed a new production site in CANADA. Lallemand is one of the market leaders in the manufacturing of yeast-based ingredients

Opportunities for Baker’s Yeast Market Participants:

Factors influencing the growth of the industry are flavors, fat content, texture and sweetness. The Bread & Rolls segment is expected to see substantial growth due to a significant increase in demand for products in regions such as North America and Asia Pacific. The category of cakes and pastries is expected to see the highest growth in the forecast period, accounting for the largest market share due to the launch of new flavors and growing rates of disposable income for consumers. The rising population of Asia Pacific would also create long-term opportunities for industry participants. The category of cookies is also expected to have a healthy growth in the future due to the introduction of new flavors, shapes and textures in the food. There are a lot of innovations and new products developed in segments such as cakes, cookies and pastries. Baker's yeast industry in emerging countries is reaching new heights with a growing demand for processed food and a steady rise in the production of bakery products, offsetting the sluggish growth averaged less than 2% in developed countries where the market is saturated.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Bakers Yeast Market

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