Global Dry Yeast Market Projected to Reach USD 8.8 Billion by 2030

Summary:
The Global Dry Yeast Market was valued at approximately USD 5.3 billion in 2024 and is projected to reach around USD 8.8 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of about 9% during the forecast period of 2025-2030.
This growth is primarily driven by the rising demand for bakery and convenience food products, increasing home baking trends, and the expanding application of dry yeast in various industries, including bioethanol production and animal nutrition.
Industry Trends and Drivers:
• Surge in Home Baking and Artisanal Products: The COVID-19 pandemic led to a significant increase in home baking activities, boosting the demand for dry yeast. This trend continues as consumers show sustained interest in artisanal and homemade baked goods.
• Technological Advancements in Yeast Production: Innovations in biotechnology have led to the development of yeast strains with enhanced baking properties, improved fermentation efficiency, and extended shelf life, catering to the evolving needs of both industrial and home bakers.
• Rising Demand for Functional Foods: Consumers are increasingly seeking functional foods enriched with probiotics and nutritional supplements. Dry yeast, being a rich source of vitamins like B-complex and amino acids, is gaining popularity in health-conscious markets.
• Expansion in Bioethanol Production: Dry yeast plays a crucial role in bioethanol production, aligning with global efforts to reduce carbon emissions through renewable energy sources. The growing biofuel industry is thus contributing to the increased demand for dry yeast.
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Segmentation and Regional Analysis:
By Type:
• Active Dry Yeast
• Inactive Dry Yeast
• Instant Dry Yeast
• Specialized Dry Yeast
By Application:
• Food
• Beverages
• Animal Feed
• Pharmaceuticals
• Others
By Channel:
• Direct Sales
• Distributors & Wholesalers
• Retail Stores
• Online Sales
• Others
By Form:
• Powder
• Flakes
• Tablet
By Region:
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific
Market Leaders:
Prominent players in the Global Dry Yeast Market include:
• Kerry Group
• DCL Yeast
• Angel Yeast
• Aryzta AG
• Pakmaya
• AB Mauri
• Shandong Bio Sunkeen
• Alltech
• IFF
• Lesaffre
• General Mills Inc.
• Daiya Foods Inc.
• Leiber
• Fleischmann's
Recent Developments:
• AB Mauri's Strategic Acquisition: In August 2024, AB Mauri North America acquired Omega Yeast Labs, a market leader in craft brewing yeast, to broaden its selection of specialty yeasts. This acquisition expands AB Mauri’s AB Biotek division offerings for craft beer, alcoholic beverages, and other industries.
• Lesaffre's Expansion in Yeast Derivatives: In October 2024, Lesaffre strengthened its production of yeast derivatives for savory ingredients by acquiring a 70% majority stake in Biorigin, a Zilor business unit. This collaboration enhances production, logistics, and service offerings for clients worldwide in the animal nutrition and human food industries.
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, and data analytics firm that provides an extensive range of strategic reports across diverse industry verticals. We cater to a substantial and varied client base, including multinational corporations, financial institutions, governments, and individuals.
Our specialization in niche industries and emerging geographies enables our clients to formulate informed strategies encompassing parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing and forecasting, and trend analysis across 15 diverse industrial verticals.
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