global yeast Industry Market Overview:
The global yeast Industry is experiencing robust growth, driven by its versatile applications across food and beverage, pharmaceuticals, animal feed, and bioethanol production. Valued at USD 5.13 billion in 2023, the market is projected to reach USD 9.75 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.61%.
Its adaptable programs in a variety of industries, including food and beverage, pharmaceuticals, animal feed, and bioethanol production, are driving the rising need for yeast. Due to its crucial role in baking, brewing, and fermentation techniques, the food and beverage industry is the largest buyer of yeast. Due to its excellent food and beverage industry and rising consumer demand for herbal and easy-label ingredients, Europe leads the world yeast market. To meet the growing demand, major players such as Lesaffre Institution and associated British meals are expanding their manufacturing facilities in the area.
Top Five Companies with the Largest Market Share
Lesaffre (France)
Founded in 1853 and headquartered in Marcq-en-Barœul, France, Lesaffre is the world’s largest yeast producer. The company offers a diverse range of products, including baker’s yeast, nutritional yeast, and fermentation solutions, serving industries such as baking, brewing, animal nutrition, and biotechnology. With over 85 subsidiaries worldwide, Lesaffre is renowned for its commitment to sustainable solutions and innovation.
Associated British Foods plc (ABF) (United Kingdom)
Established in 1935 and based in London, ABF operates globally in the food and retail sectors. Its yeast products are marketed under the “AB Mauri” brand, supplying high-performance yeast and bakery ingredients worldwide. The product portfolio includes baker’s yeast, yeast extracts, and fermentation solutions catering to the bakery, beverage, and bioethanol industries.
Angel Yeast Co., Ltd. (China)
Founded in 1986 and headquartered in Yichang, Hubei, China, Angel Yeast is a global leader specializing in baker’s yeast, yeast extracts, and bioengineering products. The company serves various industries, including food and beverages, animal nutrition, and biotechnology. Its extensive manufacturing facilities and robust research and development capabilities have established a significant global presence.
Lallemand Inc. (Canada)
Established in 1915 and based in Montreal, Canada, Lallemand specializes in the development, production, and marketing of yeast, bacteria, and related ingredients. The company caters to diverse industries such as baking, brewing, wine, animal nutrition, and pharmaceuticals. Lallemand’s yeast products are recognized for their high quality and innovation.
Novozymes (Denmark)
Novozymes is a global biotechnology company specializing in enzymes and microbial solutions. The company offers a range of yeast products and solutions for various industries, including bioenergy, food and beverages, and agriculture. Novozymes is known for its focus on sustainability and innovation in biological solutions.
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Recent Mergers and Acquisitions
Lesaffre’s Strategic Investments in the United States
In November 2023, Lesaffre announced significant investments to expand its presence in the U.S. market. The company added a tenth fermentor at the Red Star Yeast plant in Cedar Rapids, Iowa, enhancing its yeast production capabilities. Additionally, Lesaffre invested in a new dryer at the same facility to support its Phileo business unit, dedicated to animal nutrition and health. Furthermore, Lesaffre acquired capabilities from a Massachusetts-based bioscience company specializing in naturally derived molecules for human health benefits, integrating these into its Institute of Science and Technology to bolster research and development in metabolic engineering.
Novozymes Acquires Synergia Life Sciences
In 2023, Novozymes completed the acquisition of Synergia Life Sciences, enhancing its capabilities in yeast and probiotic solutions. This strategic move allows Novozymes to expand its product portfolio, particularly in the nutrition and health sector, leveraging Synergia’s expertise in bioactive molecules and microbial technology.
AB Mauri North America Acquires Omega Yeast Labs LLC
In August 2024, AB Mauri North America acquired Omega Yeast Labs LLC, strengthening its position in the U.S. craft brewing industry and enhancing its ability to develop new yeast strains. This acquisition reflects the growing trend of collaborations and partnerships in the yeast market aimed at fostering innovation and meeting evolving market demands.
Recent Developments in the Market
Angel Yeast Expands Production Capacity
In 2023, Angel Yeast announced the expansion of its production facilities in Egypt, aiming to increase its yeast manufacturing capacity to meet growing global demand. This development strengthens its footprint in the Middle East and Africa while enhancing supply chain efficiency in these regions. The facility focuses on baker’s yeast and yeast extract products, catering to the food, beverage, and animal nutrition industries.
Lesaffre Launches Innovative Fermentation Solutions
In 2023, Lesaffre introduced a new range of natural yeast products tailored for clean-label food applications, including organic baking and brewing solutions. The launch aligns with the growing consumer demand for natural and sustainable ingredients, supporting healthier practices in the food industry. The company also invested in a new R&D center in France to drive further innovation in yeast-based products.
New Funding and Investments
Lesaffre Invests in Yeap
In September 2023, Lesaffre acquired a 10% stake in Yeap, an Israeli startup developing proteins from upcycled yeast. This investment aims to advance Lesaffre’s portfolio of functional offerings and reflects its commitment to sustainable and innovative solutions in the yeast industry.
The global yeast market continues to evolve, driven by strategic initiatives from leading companies, innovative product developments, and increasing investments. As consumer preferences shift towards natural and sustainable products, the yeast industry is poised for sustained growth and innovation.
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