2012-12-06 14:30:24 - Global yeast market to grow 8.6% annually until 2016
The global yeast market has been forecast to reach a value of US$4 billion by 2018, primarily driven by the increasing consumer demand for wine, beer, animal feed, bio-ethanol, and bakery products. Sustained demand for yeast is also attributed to its high nutritional value, which is contributing to its popularity as a health product.The useful physiological properties of yeast have led to their use in the field of biotechnology. Fermentation of sugars by yeast is the oldest and largest application of this technology. Yeast has been in use for several centuries in manufacturing a wide range of food and beverage products: baker´s yeast in bread production; brewer´s yeast in beer fermentation; yeast in wine fermentation and for xylitol production. So-called
red rice yeast is actually a mold, Monascus purpureus. Yeasts include some of the most widely used model organisms for genetics and cell biology.With consumers now sure of the relationship between safe health and nutrition, and focusing more on the need for essential ingredients in diet for improved health, and reduced risk to disease, the market for yeast is rapidly on the rise. Yeast´s growing popularity is also attributed to its increasing application as flavour enhancers, in bakery foods, animal feed, brewery, probiotics, and dietary supplements.Europe represents the largest region worldwide. Increasing bread consumption, growth of specialty food sector, advances in formulation and greater demand for natural flavouring and ingredients are the major drivers of growth in the European yeast market. Growth is also attributed to the increasing demand for yeast from Eastern European countries, partly due to the significant increase in consumption of cakes, breads, and pastries, as well as alcoholic beverages.Key players currently dominating the global yeast market include AB Mauri, Angel Yeast Co., Ltd., Cadus Corporation, Kerry Group Plc, Lallemand Inc., Lesaffre Group, Bio Springer, Red Star Yeast Company, Ohly GmbH, Royal DSM N.V., Synergy (High Wycombe) Limited, and Zeus IBA SpA.For more information on the global yeast market, see the latest research: Global Yeast MarketFollow us on Twitter @CandMResearch
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