Summary
Major players in the bioethanol yeast market are Associated British Foods PLC., Novozymes A/S, AB Mauri, Lallemand Inc., Cargill Incorporated, Koninklijke DSM N.V, Foodchem International Corporation, Omega Yeast Labs LLC, Biorigin, Lesaffre, Chr. Hansen A/S, Alto Ingredients, Leiber GmbH, Green Plains Inc., POET LLC, Oriental Yeast Co Ltd., and Alltech.
The global bioethanol yeast market is expected to grow from $15.79 billion in 2022 to $17.92 billion in 2023 at a compound annual growth rate (CAGR) of 13.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bioethanol yeast market is expected to reach $29.02 billion in 2027 at a CAGR of 12.8%.
The bioethanol yeast market consists of sales of saccharomyces and kluvveromvces bioethanol yeast.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Bioethanol yeast refers to a special class of yeast, a one-celled fungus that produces ethanol during the process of fermentation using sugars. It is utilized in the production of bread, beer, and wine.
Europe was the largest region in the bioethanol yeast market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of bioethanol yeast are yeast extract and autolyzed yeast.Yeast extract refers to a natural origin ingredient derived from fresh yeast using autolysis and hydrolysis methods, which is used in bioethanol fermentation processes as the primary organic nitrogen source.
The major genus of yeast used is saccharomyces, and kluyveromyces in active, instant, and fresh forms in various applications such as food, animal feed, biofuel, cleaning and disinfection, and others.
The increase in the consumption of bakery products and alcoholic beverages is expected to propel the growth of the bioethanol yeast market going forward.Bakery products and alcoholic beverages refer to food products prepared from flour or some form of grain that is fermented from the sugars in fruits, berries, grains, and other ingredients to enhance the taste and texture of products.
Bioethanol yeast is used to prepare the majority of bakery foods that include bread and rolls made from yeast-leavened dough to achieve desired flavor and texture with enhanced nutrition.Moreover, alcoholic beverages such as beer, whisky, and wine are fermented by yeast to increase the alcohol content.
For instance, in September 2022, according to a report published by the US Bureau of Labor Statistics, a US-based agency in the field of labor economics and statistics, in 2021, spending on alcoholic beverages increased by 15.9% as compared to the previous year, whereas expenditure on alcohol outside the house also increased by 69.4 percent compared to spending on alcohol inside the home. Additionally, according to the report published by the Government of Canada on trend sector analysis, retail sales of baked products increased at a compound annual growth rate (CAGR) of 4.6% from 2017 to 2021, reaching a total global value of US$407.2 billion. Therefore, the increase in the consumption of bakery products and alcoholic beverages is propelling the growth of the bioethanol yeast market.
Product innovations are gaining popularity as a key trend in the bioethanol yeast market.Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market.
For Instance, In October 2021, Novozymes A/S, a Denmark-based biotechnology company, launched Innova Quantum, a complete fermentation solution.Innova Quantum is a robust new yeast solution.
Innova Quantum is a full fermentation solution made up of cutting-edge yeast and excellent, custom-made enzyme solutions.It has advantages over other varieties of yeast, including a 2-3% increase in ethanol yield and a reduced requirement for yeast nutritional supplements.
Additionally, it is capable of providing 60 hours or more fermentation times for ethanol plants achieving higher ethanol yields and processing efficiencies.
In August 2021, Angel Yeast Co, a China-based food company specializing in yeast biotech acquires Bio Sunkeen Co for a deal of US$15.4 million. The acquisition aims to strengthen Angel Yeast’s production capacity as well as extend its market presence across the world by leveraging its technological capabilities in the yeast market. Shandong Bio Sunkeen Co is a China-based company operating in bioethanol yeast such as yeast extract.
The countries covered in the bioethanol yeast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The bioethanol yeast market research report is one of a series of new reports that provides bioethanol yeast market statistics, including bioethanol yeast industry global market size, regional shares, competitors with a bioethanol yeast market share, detailed bioethanol yeast market segments, market trends and opportunities, and any further data you may need to thrive in the bioethanol yeast industry. This bioethanol yeast market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
