In 2023, Germany led the European yeast market with a substantial share, growing by 1.62% year-on-year. Italy and Spain experienced declines of -1.92% and -0.67% respectively, while the UK and Greece showed growth of 2.7% and 2.02%. Smaller markets like Hungary, Bulgaria, and Slovenia also registered growth, contrasting with declines in Romania and Croatia.
Looking ahead to 2024, expect continued expansion in Germany and the UK. Market surges in Eastern European nations, spurred by innovation and demand, could offset stagnation in traditional markets like Italy and Spain. The sustainable and health-focused yeast products could further influence future dynamics in this industry.
Top countries in Yeasts Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.24 | 2023 | +0.91% | +1.62% | View data |
| 2 | 2 Italy | 24.97 | 2023 | -0.79% | -1.92% | View data |
| 3 | 3 United Kingdom | 10.54 | 2023 | +1.94% | +2.7% | View data |
| 4 | 4 Spain | 10.3 | 2023 | -0.77% | -0.67% | View data |
| 5 | 5 Greece | 7.22 | 2023 | +2.12% | +2.02% | View data |
| 6 | 6 Austria | 5.87 | 2023 | +0.47% | +0.96% | View data |
| 7 | 7 Hungary | 2.38 | 2023 | +1.23% | +2.47% | View data |
| 8 | 8 Bulgaria | 1.83 | 2023 | +1.21% | +1.39% | View data |
| 9 | 9 Romania | 1.07 | 2023 | -2.64% | -2.07% | View data |
| 10 | 10 Croatia | 0.94 | 2023 | -5.47% | -3.27% | View data |
