(GLOBENEWSWIRE) - Zion Research has published a new report titled “Yeast Market by Form (Instant, Fresh and Dry Yeast), by Type (Brewers, Bakers, Bio-ethanol, Wine, Feed and Other type), by Specialty Yeast (Yeast Autolysis, Yeast Extract and ß-glucan) for Food and feed: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for yeast market was valued at over USD 2.96 billion in 2015, is expected to reach above USD 4.86 billion in 2021 and is anticipated to grow at a CAGR of above 8.6 % between 2016 and 2021.

Yeast is the single celled eukaryotic organisms classified into fungus kingdom. Yeast is aerobic, anaerobic or facultative in nature and can grow in acidic conditions. It is present on all living cells including small intestine. Edible yeast is non toxic and has properties like rising which helps in fermenting and resulting in great taste. Some of the major applications of yeast are baking, brewing, fermentation, bioremediation, industrial fuels and nutritional supplements.

Increasing demand for yeast from the bakery due to high consumption of bakery products drives the yeast market. Other factors contributing to the growth of yeast market are surging use of specialty yeast in the processed and packed food. Also, high demand of bio-ethanol as fuel stimulates the growth of the market. Growing demand for alcoholic beverages has led to high production of wine and other beverages in turn increase the demand for yeast. Though, yeast based products have low shelf life and allergies caused due to consumption of some yeast species may hinder the growth of market. Specialty yeast contains MSG; therefore stringent regulations are led by the government on its use.  Nevertheless, untapped opportunities for the use of yeast in various industries are likely to open new avenues for the yeast market in the coming years.

Based on yeast form the yeast market can be segmented as instant yeast, fresh yeast and dry yeast. Fresh yeast is considered to be the potential segment owing to high use of fresh yeast in bakery product mainly in breads and puffs due to great taste and high rising properties. Further the yeast can be segmented on the basis of type that are brewers, bakers, bio-ethanol, wine, feed and other types. Bakers and brewers are the leading segments due to high use of yeast in this industrial sector. Yet, wine and feed are likely to show high growth prospects in the coming years.