U.S. and Mexico Yeast Market Report

U.S. and Mexico Yeast Market Analysis By Product (Baker’s Yeast, Feed Yeast, Bioethanol Yeast), By Application (Food & Beverages, Feed, Biodiesel), By Region, And Segment Forecast, 2012 - 2022

  • Published Date: Jan, 2018
  • Base Year for Estimate: 2014
  • Report ID: GVR-2-68038-276-1
  • Format: Electronic (PDF)
  • Historical Data: 2012 - 2014
  • Number of Pages: 80

Industry Insights

The U.S. and Mexico yeast market was valued at USD 1.23 billion in 2014 and is likely to witness significant growth owing to rise in demand for food and beverages. Growth in consumption of healthy bakery products and alcoholic beverages, in addition to improved production of animal feed, are some major factors that will drive market growth.

U.S yeast market

Rising health awareness, change in consumer lifestyle, and demand for high-nutrition convenience food are likely to augment growth over the forecast period. Manufacturing companies are actively meeting consumer demand to gain loyalty and strengthen their position in the value chain. Furthermore, importance of local bakeries is anticipated to push demand over the forecast period.

Biodiesel is one of the major applications of yeast. U.S. is the world’s leading biofuel-producing country. The nation primarily produces biodiesel and ethanol fuel, which use corn as main feedstock and grain stock for production. Production of corn has been subsidized by the U.S. government, which has made import quite economical for other countries. U.S. is also a leader in development of advanced biofuels, particularly algae-based fuels that employ yeast in their manufacturing process.

Yeast and its derivatives have witnessed significant growth in usage in Mexico’s beer industry. Demand for these ingredients is also anticipated to rise in the nation’s bakery industry due to favorable prices of bakery products and significant increase in number of industry participants.

Molasses is one of the major raw materials used in manufacturing yeast. It is also used in manufacturing supplements that aid in reducing obesity, menstruation-related problems, enlarged prostate, and diabetes. Manufacturers are facing immense competition to source and procure raw material on account of increase in demand for molasses from other end-use applications.

Application Insights

Food and beverages accounted for the largest share of 63.9% in the U.S. and Mexico market in 2014. Bakery products, alcoholic beverages, and non-alcoholic beverages are major applications within this segment. Demand for yeast in this industry has gained popularity due to its extensive use in fermentation of sugar. It forms an essential component in the baking process and variants of baker’s yeasts are used at different levels in production of baked goods.

Biodiesel was the fastest growing application segment in 2014. U.S. witnessed a rapid rise in production of biodiesel over the past few years on account of supportive government regulations. The Energy Policy Act of 2005 includes loan guarantees and tax incentives for energy production in U.S. The Energy Independence and Security Act was established in 2007 with a goal of moving U.S. toward energy security and independence. Supportive policies in the economy are expected to have a positive impact on demand for biodiesel over the forecast period.

Product Insights

Baker’s yeast accounted for 72.4% of the U.S. and Mexico market in terms of revenue in 2014. It is used to bake bread in home and commercial settings. It is widely present in numerous forms including cream, compressed, active dry, instant, rapid-rise, and deactivated yeast. Cream yeast is used with the help of special high-volume dispensing and mixing equipment in commercial bakeries.

By revenue, feed yeast is expected to exhibit a CAGR of 6.4% from 2015 to 2022 in the U.S. and Mexico market. It has gained significance due to the many benefits it offers, such as growth promotion, improvement of the immune system, and digestive enhancement. Demand is expected to rise over the forecast period owing to increase in its use in meat and to enhance livestock health in both countries.

Mexico yeast market

Biodiesel produced from microalgae, which comprises yeast and bacteria, contains the least percentage of pollutants and is considered to be a technical replacement for petroleum and diesel. Increase in focus on environment-friendly products is likely to fuel the growth of this segment over the forecast period.

Country Insights

U.S. was the largest market in North America, accounting for 62.5% of the volume in 2014. Growth in consumer preference for fresh and healthy food products containing natural ingredients is likely to drive demand. Availability of raw materials such as saccharides and other sugar derivatives at a cheaper price is expected to drive market growth over the forecast period. AB Mauri Food Inc.; American Yeast Corporation; Bakon Yeast Inc.; Lallemand Specialties Inc.; and Single Cell Solutions Inc. are key players in U.S.

The market in Mexico is likely to grow over the forecast period on account of high consumption of alcoholic beverages and processed food, change in eating patterns, and rise in disposable income. The market for chocolate and candies is anticipated to witness a rise in demand due to low cost and popularity among the less-than-35 age group. The packaged food industry has also registered substantial growth in Mexico with more people now engaged in the service sector and working late hours. These factors are likely to propel market growth over the forecast years.

Competitor Insights

The market is fragmented in nature with intense competition among players. Some key players are Chr. Hansen Holding A/S, Associated British Foods plc, Angel Yeast Co., Ltd., Alltech Inc., Lesaffre Group, Leiber Gmbh, Synergy Ltd., Archer Daniels Midland Company, and Royal DSM N.V. Other market players include Ohly Americas; AB Mauri; and Lallemand Inc.

Market players are actively involved in engineering and manufacturing a wide variety of products. They have been offering clients industrial expertise coupled with local services, which are closely aligned to consumer needs.

Report Scope

Attribute

Details

Base year for estimation

2014

Actual estimates/Historic data

2012 - 2014

Forecast period

2015 - 2022

Market representation

Volume in kilotons & revenue in USD Million & CAGR from 2015 to 2022

Country scope

Mexico, U.S.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at a country level and provides an analysis on market trends in each of the sub-markets from 2012 - 2022. For the purpose of this study, Grand View Research has segmented the U.S and Mexico yeast market on the basis of product, application, and country:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)

    • Baker’s yeast

    • Feed yeast

    • Bioethanol yeast

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)

    • Food & beverages

      • Baked goods

      • Alcoholic beverages

      • Non-alcoholic beverages

      • Others

    • Feed

    • Biodiesel

  • Country Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)

    • U.S.

    • Mexico

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