Yeasts, Yeast Extracts, Autolysates and Related Products: The Global Market
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The global market for yeast products reached nearly .1 billion in 2016. This market is expected to grow to nearly .6 billion in 2017 and .7 billion by 2022, with a compound annual growth rate (CAGR) of 7.1% from 2017 to 2022.
-An overview of the global production and use of yeast and yeast-derived products.
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of CAGRs through 2022.
-Reviews the global yeast industry with emphasis on nine different types of yeast and yeast–derived products: Beer yeast, wine yeast, yeast for bioethanol manufacturing, baker’s yeast, yeast as a byproduct of industrial processes, mineral yeast used in feed and food supplements, active probiotic yeast used in feed and food supplements, yeast cell wall extracts (mannans and beta-glucans), and yeast autolysates as fermentation starters and as flavor enhancers.
-The most up-to-date information on quantities of different types of yeast manufactured, on price developments and market values, as well as on industry structures.
-Discussion of historic developments and specific production technologies.
-Comprehensive company profiles of major players in the industry.
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Yeast manufacturing is a multibillion-dollar business, and it is not only beer and baker’s yeast that generate high turnovers. The spirit industry is also a major consumer of yeast and feed yeast, cell wall components, yeast for bioethanol manufacturing, active live–yeast and mineral yeasts. The growth in demand for autolysates has been rapid: these products are not only used as protein components in other fermentations and cell cultures but increasingly as substitutes for monosodium glutamate and thus as flavor enhancers. In some countries autolysates are marketed as natural, vegetarian spreads of high nutritional value.
Yeast products are available in many different forms, such as cream yeast, block yeast, dried yeast or dried instant yeast. Manufacturing different types entails different costs but at the same time offers options for diversification and for trade in different markets.
Historically, yeast factories were found in virtually every country that used yeast either for beer manufacturing, for the production of bread and bakery products or for feeding. Due to price pressure, a consolidation during the 1980s and 1990s resulted in the shutdown of many small yeast factories in a number of countries and in the concentration of the global markets in the hands of a few players. In the last few years, however, this trend appears to be reversing, and countries that previously abandoned yeast production are now reconsidering, as they realize the strategic importance of yeast in the production of bread and the provision of a protein source for livestock; ultimately contributing to an increasing independence from imports.
Study Goals and Objectives
This report is an update of the Yeasts, Yeast Extracts, Autolysates and Related Products: The Global Market, which was published in 2014.Goal in publishing this updated report is to provide the reader with the most up-to-date information available on this important industry.
The updated report’s specific objectives support this broad goal. These objectives include analyzing production costs, market sizes, applications, price trends and market values for different yeast types and other factors that shaped the yeast industry as it exists today and will affect it in the future through 2022.
Scope of Report
The report starts by characterizing yeast products and by explaining the terminology used in the yeast industry. Production processes are described, mass balances established and investment and production costs discussed. These introductory chapters are followed by extensive descriptions of the different yeast markets. For each product, the rationale for using yeast in a specific application is given, historic consumption data are provided, which together with average market prices allow the calculation of market values and their developments. Forecasts are partly based on historical trends but also consider changes in underlying supply and demand relationships. Market forecasts are provided through 2022,including for volumes, prices and values. The industry section profiles the competitive environment and establishes in quantitative form yeast value chains before major players are characterized.
Both primary and secondary research methodologies were used in preparing this study. The findings and conclusions of this report are based on information gathered from developers, vendors, and users of yeast products for commercial applications. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature, and online databases to produce the market estimates contained in this report.
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The base year for analysis and projection is 2016. With 2016 as a baseline, market projections were developed for 2017 through 2022. The projections are based on a combination of a consensus among the primary contacts combined with understanding of the key market drivers and their impact from both an historical and analytical perspective.
The specific assumptions and the approach used to develop the projections (both near/mid-term and long-term) for each application are documented in detail under the various segments addressed. This way, readers can see how the market estimates were developed and, if they so desire, can test the impact on the final numbers of changing assumptions regarding matters such as the date of regulatory approval.
All dollar projections presented in this report are in 2016 constant dollars.
Historical data on yeast consumption are provided for major geographic markets, including Europe, North America, Latin America, China, Asian countries other than China, and the rest of the world. The report also analyzes future trends in the global consumption of different yeast products.
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