The Latin America, Middle East and Africa Instant Dry Yeast Market is expected to witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Yeast is mainly a type of fungus that is utilized to convert sugar into alcohol. The most common ingredient used in the bakery & beverage industry is yeast. Instant dry yeast is one of the kinds of dry yeast that is found in fine texture and is different from activate dry yeast as it has a large granular structure.
Finely ground instant dry yeast is used as an alternative for regular active dry yeast and helps in decreasing preparation time. Comparatively, instant dry yeast is directly added with other ingredients that are used for making bread and active yeast is activated with the help of warm liquid to make it suitable for usage. Moreover, the demand for instant yeast has surged in the pharmaceutical sector as it is highly used in the manufacturing of medicines such as hepatitis B vaccine and insulin. In contrast, when instant dry yeast is consumed directly or used in an inappropriate quantity, it can have a negative impact on the human body, thus hindering the growth of the instant dry yeast market.
LAMEA instant dry yeast market is witnessing a gradual growth, owing to the increased demand for bread and other products. Instant dry yeast offers benefits like stable performance, easy transportation & storage, high activity, and convenience to use. In addition, instant dry yeast is the best fermentation agent & biological raising agent due to which, it is commonly used in pastry, bread, and other fermented products. Additionally, this yeast is also good for health and helps in keeping the digestive system healthy and managing the immune system. These factors are driving the growth of the regional instant dry yeast market.
Moreover, customers are inclining towards new cuisines at a reasonable cost. Surging trends of tourism and luxury dining are anticipated to fuel the demand for instant dry yeast products in the market. Further, in the developing nations of this region, people are focusing on evolving their lifestyle and moving towards western culture, thus deploying the new technologies for preparing quick-served foods. These factors are projected to open lucrative opportunities for the manufacturers of instant dry yeast and thereby, is expected to accelerate the growth of the instant dry yeast market over the forecast period.
The Pouch market dominated the South Africa Instant Dry Yeast Market by Packaging in 2020, thereby, achieving a market value of $6,629.1 Thousands by 2027. The Bottle market is estimated to grow at a CAGR of 9.1% during (2021 - 2027). Additionally, The Others market is expected to witness a CAGR of 8.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Packaging
- Pouch
- Bottle and
- Others
By End User
- Household
- Food Services
- Bakery and Confectionery
- QSR and
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Convenience stores
- E-commerce
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Foodchem International Corporation
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Table of Contents
Companies Mentioned
- 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
- Foodchem International Corporation
Methodology
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