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The Asia Pacific Instant Dry Yeast Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027).
The end-user industries like confectionery & bakery are the major drivers of the instant dry yeast market. Yeast is commonly used for the fermentation of several food products at home. The factors like hectic & busy schedule and the significant surge in working population have fueled the demand for convenient or fast food, ready-to-eat and packaged food products. The food products like frozen or refrigerated items, dry mixes, and shelf-stable products are made for easy consumption and also, they need less time for their preparation. In addition, instant dry yeast is added to food products at the time of processing to enhance the flavor and provide better quality along with long shelf life. Additionally, such food additives add more flavor, taste, and aroma to food items. As instant dry yeast offers several benefits, it is extensively used in ready-to-eat and ready-to-cook food items, thereby boosting the growth of the instant dry yeast market.
The bread industry is highly profitable in this region and its growth is rapidly increasing. This surge in its growth is due to the surge in the purchasing power of the customers, swift urbanization, and the busy schedules of the working population. Thus, Asia-Pacific is witnessing high demand for on-the-go breakfast products that are accountable to fuel the demand for instant dry yeast. In addition, the demand for alcoholic beverages like beer and wine is increasing in nations such as Japan, China, and India. Thus, these aspects are highly responsible to augment the growth of the regional instant dry yeast market.
Additionally, the factors such as growing western influence and rising health concerns of customers among the population of Asia-Pacific are propelling the demand for instant dry yeast. Moreover, yeast is used as a key ingredient in various industries like beverages, snacks, bakery, and bioethanol in fermentation technology, which is anticipated to bolster the growth of the regional instant dry yeast market over the coming years.
The China market dominated the Asia Pacific E-commerce Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $17,517.1 Thousands by 2027. The Japan market is showcasing a CAGR of 9.9% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 9.9% during (2021 - 2027).
Based on Packaging, the market is segmented into Pouch, Bottle and Others. Based on End User, the market is segmented into Household, Food Services, Bakery and Confectionery, QSR and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience stores, E-commerce and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke DSM N.V., ACH Food Companies, Inc. (Associated British Foods), Chr. Hansen Holding A/S, Kerry Group PLC, Biorigin, Pakmaya, Lallemand, Inc., Angel Yeast Co., Ltd., Lesaffre Group, and Foodchem International Corporation.
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