SAN FRANCISCO, Oct. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Yeast – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 2603
Companies: 101 – Players covered include AB Mauri; Angel Yeast Co., Ltd.; Associated British Foods plc; Biospringer; Chr. Hansen A/S; Kerry Group Plc; Lallemand, Inc.; Lesaffre Group; Ohly GmbH; Royal DSM N.V.; Synergy Flavours Ltd; Zeus IBA SRL and Others.
Coverage: All major geographies and key segments
Segments: Application (Food & Beverages, Animal Feed, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Yeast Market to Reach $9.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Yeast estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$9.9 Billion by 2026, growing at a CAGR of 6.3% over the analysis period. Food & Beverages, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$7.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Animal Feed segment is readjusted to a revised 6.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion in 2021, While China is Forecast to Reach $1.7 Billion by 2026
The Yeast market in the U.S. is estimated at US$2.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2026 trailing a CAGR of 5.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. More
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SOURCE Global Industry Analysts, Inc.