Yeast Market: Overview
The humankind has known hundreds of yeast varieties, but none is perhaps as popular in industry circles as that used in production of leavened baked products. Saccharomyces cerevisiae has gained immense popularity in the production of wide variety of baked products such as breads, rolls, pastries, and doughnuts. Yeast is also extensively used in winemaking and distilling, driving the sales in the yeast market. Advances in breadmaking technology has offered a robust impetus to the expansion of the yeast market. Yeast has gained intense commercial steam in stay-at-home commodity.
Over the years, the yeast market has benefitted from efforts to characterize these species. This has spurred the use of commercial sour-dough starters. Some of the major varieties in the yeast market are wine yeast, probiotic yeast, and brewer’s yeast.
The study offers industry-validated data on the growth prospects and revenue estimations of various segments in the yeast market. It also offers historical figures and lays down framework for analyzing strategic landscape.
Yeast Market: Key Trends
The commercialization of yeast has gathered force on the back of the rising industrial use in food and feed production, where the various varieties of it are used as additive. Widespread demand for bakery products in various parts of the world has offered a robust fillip to the utilization of yeasts. The growth opportunities in the yeast market has also been fueled by the growing potential of yeast in making of bioethanols. Rising popularity of yeast-based feed products is boosting the yeast market.
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Growing production of wine and beer to meet the needs of developed countries is spurring growth in the yeast market. Consumption of feed yeast has also gained momentum from the rising demand yeast-based feed products in the livestock industry. Focus on improving the health of animals is a key trend boosting the yeast market. Growing interest in instant yeast will propel new avenues in the yeast market.
Yeast Market: Competitive Analysis and Key Developments
Beer connoisseurs are unlocking new flavors in beer by foraging and home brewing with yeast. In recent months of COVID-19 lockdown, interest in cultivating wild yeast has reinvigorated interest in yeast market. A small number of people in developed nations have taken to wild yeast starters in homebrewing. Such initiatives are no doubt stirring interest in the potential of the yeast market. An interesting trend here is the use of cell phone apps in identifying the required species of yeast used in homebrewing. Brewing companies in the U.S. have seen such trends gaining some attention among beer lovers.
Innovations in the food and feed additive industry have been intensifying competition in the yeast market with aspiring players jostling for getting a stronghold therein in near future. Some of the promising players in the yeast market are Chr. Hansen Holdings A/S, Alltech, Associated British Foods PLC, Lallemand Inc., Lesaffre Group, and AngelYeast Co., Ltd.
Yeast Market: Regional Assessment
Some of the key regional markets comprise North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. Several developed and developing countries in these regions have been hotspot of opportunities for players in the global yeast market. Growing initiatives on trying new recipes of yeast in homebrewing and wine making in developed countries, such as in North America, has reinforced the growth potential in the yeast market. Further, Asia Pacific has seen rapidly rising utilization of yeast in meeting the needs of wide variety of bakery products.
Europe has also seen substantial uptake of yeast-based feed products in the swine industry. Rise in feed production in European nations has helped ramped up lucrative opportunities for yeast producers. The regional market is expected to rise at promising potential during the next few years.
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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
- 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.