Published Date: 13-Oct-2021
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According to a new report Global Instant Dry Yeast Market, published by KBV research, The Global Instant Dry Yeast Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 7% CAGR during the forecast period.
The quick-service restaurant would exhibit a prominent growth rate in instant dry yeast market over the forecast period. The popularity of the quick-service restaurant is increasing due the factors such as the limited-edition menu, unique food combinations, and experimental food items.
The supermarket & hypermarket segment procured a significant market share of the instant dry yeast market in 2020. In addition, supermarkets & hypermarkets are focusing on augmenting product sales to accelerate their profit margins. In supermarkets & hypermarkets, there is a great availability of variety of yeast comprising instant dry yeast.
In 2020, Europe contributed a substantial revenue share of the instant dry yeast market and is likely to exhibit the similar kind of trend growth during the forecast period. The demand for instant dry yeast is anticipated to increase among the European consumers, owing to high disposable income, and thus would fuel the growth of the instant dry yeast market. In addition, the regional market is witnessing a surge in the demand for packed food products, snacks, and ready-to-eat products. This would further contribute to the growth of the instant dry yeast market in this region as it is excessively used in end products.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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