The North America Brewer’s Yeast Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 464.6 Kilo Tonnes, showcasing a growth of 9.4% (2019-2022).
Brewer's yeast, scientifically known as Saccharomyces cerevisiae, is a versatile microorganism with a rich history of use dating back centuries. In the world of brewing, which spans from the creation of traditional ales to the production of craft beers and industrial beverages, brewer's yeast is a foundational element. It serves as the key organism responsible for the fermentation process that transforms malted grains, sugars, and water into beer. The significance of brewer's yeast in the brewing industry has not waned; instead, it continues to evolve alongside the craft beer movement, which has sparked a resurgence in beer diversity and innovation.
The developments in the market for brewing include a heightened focus on specialty and craft beer production. Craft breweries are experimenting with various yeast strains, leveraging brewer's yeast's diverse flavors and aromas to create unique beer profiles. The demand for artisanal and small-batch beers has driven the market toward a greater diversity of brewer's yeast strains and the exploration of new flavors and styles, thus amplifying the role of brewer's yeast in the craft beer renaissance. Craft beer's flavor profile is improved through genetically modified brewer's yeast. In order to enhance the flavor and lessen the bitterness of the final product, brewer's yeast is genetically modified to facilitate its use in the production of craft beer. It is, therefore, anticipated that the growing demand for particular yeast strains will be a result of the increasing popularity of craft beers.
In Mexico, the need for animal feed supplements is driven by the growth of the livestock sector and the country's efforts to modernize its agricultural practices. The livestock sector in Mexico, which includes pigs, chickens, and cattle, has grown to accommodate the country's expanding population. Mexican livestock producers are using feed supplements more frequently to guarantee the well-being and productivity of their animals. Additionally, the need for regulatory compliance and quality assurance has prompted greater use of supplements to enhance animal nutrition. Therefore, the growing food and beverage industry along with the rising demand for animal feed supplements in North America is expected to drive the regional market.
The US market dominated the North America Brewer’s Yeast Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,528.4 million by 2030. The Canada market is exhibiting a CAGR of 12.4% during (2023 - 2030). Additionally, The Mexico market is experiencing a CAGR of 11.4% during (2023 - 2030).
Based on Product, the market is segmented into Dry, and Liquid. Based on Application, the market is segmented into Food Supplements, and Feed Supplements. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Brewer's Yeast Market is Predict to reach USD 11.7 Billion by 2030, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Associated British Foods PLC, Leiber GmbH, Lallemand, Inc., Archer Daniels Midland Company, Chr. Hansen Holding A/S, Lesaffre Group, White Labs Inc., Cargill, Incorporated, Kerry Group plc, and LAFFORT.
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, kilo Tonnes, USD Million, 2019-30)
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