Brewer’s Yeast Market Growth, Research Study, Industry challenges 2029
Data Bridge Market Research analyses that the global brewer’s yeast market will project a CAGR of 7.80% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, increasing consumption of alcoholic beverages globally and increasing personal disposable income are the major factors attributable to the growth of brewer’s yeast market. Therefore, the market value, which was USD 3.7 billion in 2020, will rocket up to USD 6.74 billion by 2028.
Brewer’s yeast is used in the fermentation of beer. Apart from that it is widely used in a wide range of application. Brewer’s yeast is composed of one-celled fungus known as “saccharomyces cerevisiae”. It is bitter in taste and is rich in chromium, phosphorus, protein and vitamin B. Thus, brewer’s yeast is also utilized as a protein supplement in animal feed.
Rising personal disposable income, shifting tastes and preferences for and increasing adoption of western lifestyle are the major factors fostering the growth of brewer’s yeast market. Rising in the application of brewer’s yeast by additives industry is another important factor acting as market growth determinant. Increasing consumption of nutritional and dietary supplements globally coupled with rising awareness about the health benefits on consumption will further create lucrative growth opportunities for the market. Growth and expansion of feed supplement industry will induce growth in the brewer’s yeast market value.
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