The global yeast market is experiencing a strong growth surge, valued at USD 5.5 billion in 2024 and projected to hit USD 8.5 billion by 2029, advancing at a CAGR of 8.9%. This impressive trajectory is fueled by the expanding demand for bakery products, alcoholic beverages, and animal feed, where yeast serves as a cornerstone ingredient.
Feed Sector on the Rise
The animal feed industry is emerging as a major growth contributor. Yeast-based feed solutions are in high demand due to their ability to improve gut health, nutrient digestibility, and overall animal performance. Companies like Phileo by Lesaffre (France) are leading innovation with products such as Actisaf Sc 47 HR+, a next-generation probiotic yeast tailored for poultry. These advancements not only meet current market demands but also align with the industry’s push for sustainability in agriculture.
What’s Driving Market Growth?
The yeast market has gained momentum thanks to its versatility across multiple industries. From fluffy bread loaves to craft beers and sustainable feed additives, innovations in biotechnology and fermentation have enabled the development of high-quality yeast strains at scale.
One of the biggest growth drivers is the consumer shift towards natural and clean-label ingredients. As people increasingly seek healthier and sustainable food choices, yeast-based products are stepping into the spotlight, broadening their applications in food, beverages, and animal nutrition.
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Baker’s Yeast Leads the Market
Among all yeast types, baker’s yeast dominates the yeast market share. Its cost-effectiveness and widespread use across food and feed industries ensure its leading role during the forecast period. Rising bread consumption is a strong contributor—India’s per capita bread consumption, for example, is estimated between 1.5 to 1.75 kg according to the All India Bread Manufacturer’s Association. Coupled with artisanal baking trends and advancements in baking technology, baker’s yeast is poised for sustained growth.
North America’s Trade Advantage
In regional markets, the United States stands out as a dominant player. With USD 147 million worth of exports in 2022, the country ranked sixth globally, shipping primarily to Canada, Mexico, and Japan. Interestingly, while the US is a top exporter, it is also the largest global importer, with imports reaching USD 439 million the same year. This dual role reflects the nation’s central position in the yeast market size and its ability to leverage both supply and demand opportunities.
Key Industry Players
The competitive landscape, highlighted in the latest yeast market report, features several global leaders driving innovation and expansion. Major companies include:
- Associated British Foods plc (UK)
- Alltech (US)
- AngelYeast Co., Ltd. (China)
- Lallemand Inc. (Canada)
- ICC (Brazil)
- Leiber (Germany)
The yeast industry is more than just a supporting player in food and beverage—it’s a driver of innovation in nutrition, sustainability, and global trade. With steady growth on the horizon, companies investing in advanced fermentation and product diversification are well-positioned to lead the next wave of expansion in the yeast market.
Frequently Asked Questions
- What is the current size of the global yeast market?
- Which types of yeast dominate the yeast market share?
- How is baker’s yeast different from brewer’s and wine yeast?
- What are the key applications of yeast in food and feed industries?
- Which regions are leading in yeast production and trade?
- How is the demand for clean-label and natural ingredients affecting the yeast market?
- What are the latest innovations in yeast for animal feed?
- Who are the major players in the global yeast market?
- What factors are driving the growth of the yeast market globally?
- How do biotechnology and fermentation advancements impact yeast quality and efficiency?
- What is the forecasted CAGR of the yeast market through 2029?
- How is the United States performing in yeast exports and imports?
- What are the challenges faced by the yeast industry?
- How is consumer preference influencing yeast-based product development?
- Where can one access a detailed yeast market report with trends and analysis?