The North America Dry Wine Yeast Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,179.3 Tonnes, showcasing a growth of 2.2% (2019-2022).
The market is a dynamic and integral component of the broader wine industry, characterized by the production and utilization of dry yeast strains in winemaking. Dry yeast is a concentrated form that winemakers use to initiate and control the fermentation process during wine production. This market has gained significant prominence in recent years due to its pivotal role in ensuring consistent fermentation and enhancing the quality of wines.
The use of dry yeast in winemaking offers several advantages, including improved fermentation control, reduced risk of off-flavors and spoilage, and increased efficiency in large-scale production. It gives winemakers greater precision and predictability in the winemaking process than traditional spontaneous fermentation methods.
Moreover, dry yeast for winemaking is a versatile and indispensable tool, offering various yeast strains with distinct flavors and characteristics. This diversity enables winemakers to exercise precise control over the fermentation process, allowing them to craft wines with specific flavor profiles and styles. Whether aiming for a crisp and fruity white wine, a full-bodied and robust red wine, or even a sparkling or fortified wine, the choice of yeast strain plays a pivotal role.
In Canada, the wine industry has gained major traction due to the demand increase. As per the U.S. Department of Agriculture, with 180 million liters of wine worth $770 million in 2020, Quebec is the province that imports the most wine into Canada. Imported bulk wines bottled in Quebec can be found in convenience and grocery stores, while almost all imported bottled wines are sold in provincially owned and operated retail establishments. In 2020, the United States was the fifth-largest wine exporter to Quebec in volume (15 million liters) and fourth-largest in value ($66 million). As a result, the North America region will witness a significant demand for dry wine yeast in the coming years.
The US market dominated the North America Dry Wine Yeast Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $441.3 million by 2030. The Canada market is experiencing a CAGR of 7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2023 - 2030).
Based on Sales Channel, the market is segmented into Direct and Indirect. Based on End User, the market is segmented into Commercial and Residential. Based on Type, the market is segmented into Red Wine Yeast, White Wine Yeast and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Dry Wine Yeast Market is Predict to reach $2.7 Billion by 2030, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lesaffre Group, White Labs Inc., Archer Daniels Midland Company, AEB S.p.A., AngelYeast Co., Ltd., Chr. Hansen Holding A/S, Esseco Srl (Enartis), Lallemand, Inc., LAFFORT, Associated British Foods PLC (Wittington Investments Limited)
By Sales Channel (Volume, Tonnes, USD Million, 2019-2030)
By End User (Volume, Tonnes, USD Million, 2019-2030)
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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