Global Brewer’s Yeast Market: Snapshot
The demand within the global market for brewer’s yeast has been rising on account of advancements in the field of liquor manufacturing. The past few decades have witnessed an increase in the number of people who consume alcohol on a regular basis. This factor has generated commendable opportunities for growth within the global brewer’s yeast market. Moreover, the presence of multiple breweries in town centers and urban areas has created a plethora of opportunities within the market. The popularity of various types of beers such as premium lager has generated commendable opportunities for market growth. Besides this, the market for brewer’s yeast shall also expand alongside changes in licensing for alcoholic products. Therefore, the growth scale of the global brewer’s yeast is projected to undergo key improvements in the years to follow.
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The past decade has witnessed the emergence of state of the art breweries that entertain people of all age groups. Furthermore, the stellar demand for liquor coming from youngsters is also a key trend that has taken shape in recent times. Considering the aforementioned factors, the global brewer’s yeast market is projected to expand at a stellar rate in the years to follow.
On the basis of geography, the global brewer’s yeast market has been segmented into Latin America, Europe, North America, the Middle East and Africa, and Asia Pacific. The market for brewer’s yeast in North America has been expanding alongside advancements in the field of liquor manufacturing.
Global Brewer’s Yeast Market: Overview
There are two reasons why the global brewer’s yeast market is rising. First, because of its usage in manufacture of bread and beer. Second, because of its usage as a nutritional supplement. It is formulated from a one-celled fungus called saccharomyces cerevisiae. It has a bitter taste and is available in the powder, liquid, flakes, and tablet form.
The global brewer’s yeast market consists of raw material suppliers, distribution channels, and of course manufacturers.
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Global Brewer’s Yeast Market: Drivers and Restraints
The biggest factor pushing up demand and sales in the global brewer’s yeast market is the rising consumption of alcohol and bread worldwide. With globalization, as trade barriers lessen, western food has made their way all over the world. Thus bread and beer are as much sought after all over the world.
Apart from that, the global brewer’s yeast market is also seeing growth because of the use of the product as a nutritional supplement. It is rich in chromium that can help one’s body to maintain normal blood sugar levels. It is also rich in vitamin B. Brewer’s yeast can be added to food or juice, water, and shakes. Further, brewer’s yeast acts as a probiotic and thus helps in digestion. Brewer’s yeast has small organisms (microflora) that help maintain the proper functioning of the digestive tract.
The global brewer’s yeast market is also receiving major boost due to surging demand for meat, dairy, and eggs. This is because it is a feedstuff for ruminants, poultry, pigs, and fish.
Global Brewer’s Yeast Market: Trends and Opportunities
The types of products available in the global brewer’s yeast market can be categorized into liquid and dry yeast. Both are seeing substantial demand and thus enjoy considerable market shares. Take for instance the liquid yeast. Several farmers in Thailand are seen obtaining the liquid form of brewer’s yeast from beer producers for their cattle. They are as rich in nutrition as the costlier feedstuffs such as soybean and maize grain. In the global brewer’s yeast market, the liquid yeast is expensive since they contain more protein than the dried form.
Global Brewer’s Yeast Market: Regional Analysis
With respect to geography, the global brewer’s yeast market is currently being dominated by North America. The region’s market is mainly being powered by the U.S. This is because of the substantial animal feed production in the country. Europe is another prominent region driven by Germany Spain, and France. Asia Pacific brewer’s yeast market is expected to see impressive growth in the next couple of years as well. China is a major contributor to the market.
Global Brewer’s Yeast Market: Competitive Landscape
Prominent companies operating in the global brewer’s yeast market are Cargill, Incorporated, Nutreco N.V., Archer Daniels Midland Company, and Lesaffre Group.
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