The Yeast Market | United States

Yeast is mainly used as a baking ingredient in the preparation of bread and other baked products; however, it is recently being used in both the medical and alcohol industries. The global yeast market was pegged at USD 2.916 billion in 2015 and is projected to grow at a CAGR of 8.6% to reach around $4.86 billion by 2021.

North America, which accounts for a large chunk of the global yeast market, will continue to post a similar growth rate with a CAGR of 6.1%. Valued at USD 1.23 billion in 2015, it’s expected to garner revenues of more than $3 billion by 2021. But the yeast market in North America happens to be oversaturated, and this may depress the growth rate. Some of the key drivers for this segment are the increasing consumption of baked goods, especially bread, and, more importantly, the use of yeast in the preparation of other foods and drinks. Given the increasing consumption of beer, wine, and other alcoholic beverages, it is widely expected that the spirits industry will continue to propel the growth of this segment worldwide.

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Associated British foods

  • Country : St. Pierre & Miquelon
  • Turnover : GBR 13.2 billion
  • Position : A British multinational food processing company that retails in ingredients, groceries, and baked goods.

Lesaffre

  • Country : France
  • Turnover : EUR 1.5 billion
  • Position : A French yeast manufacturer that manufactures baked goods, breads, and delicious consumer food-related products.

Alltech

  • Country : United States
  • Turnover : USD 1.6 billion
  • Position : Is a yeast manufacturing company that makes a wide variety of nutritional, healthy, and environment friendly ingredients and additives.

Red Star

  • Country : United States
  • Turnover : USD 1 Billion
  • Position : A home baking company specializing in the production of yeast and various baking ingredients.

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