Bioethanol Yeast Industry Overview
The global bioethanol yeast market size is expected to reach USD 32.67 billion by 2028, registering a CAGR of 14.04% over the forecast period, as per the new report by Grand View Research, Inc. The market is driven by the rising awareness about sustainable alternatives over petrochemical feedstock, such as biofuels, coupled with the rapidly expanding food and beverages industry.
Bioethanol Yeast Market Segmentation
Grand View Research has segmented the global bioethanol yeast market on the basis of basis of product type, application, and region:
Based on the Application Insights, the market is segmented into Food, Animal Feed, Biofuel, Cleaning Disinfection, Other Applications.
- The biofuels application segment accounted for the largest revenue share of more than 68% in 2020 and is anticipated to remain dominant over the forecast period. This high share is attributed to the increased consumption of biofuels as a substitute for fossil fuels.
- The product demand is expected to increase in the market owing to the surge in demand for organic bakery products due to the rising awareness regarding the consumption of healthy and safe foods. The food and beverage industry is considered vital for economic growth.
- Several companies, such as Verbio and Clariant, irrespective of their core businesses started investing and manufacturing disinfectants and related products to gain profits. Such factors led to a massive increase in product demand during the pandemic.
- In animal feed applications, yeast, such as Saccharomyces cerevisiae, is used as a feed additive, which helps promote digestion, growth of fiber-digesting bacteria, rumen stability, and reduce fluctuations in pH while optimizing animal performance and improving the retention of support minerals.
Based on the Product Type Insights, the market is segmented into Baker’s, Brewer’s.
- In terms of volume, the baker’s yeast type segment dominated the market with a share of over 67% in 2020. Baker’s yeast consists of one or more strains of Saccharomyces cerevisiae, a fungus used as a leavening in the bakery.
- Saccharomyces cerevisiae is also known as one of the top-fermenting yeasts, owing to its property of rising to the top of the fermentation vessel, as a result, it is highly used in the brewing of beer. Baker’s yeast is widely used in the production process of beer, coffee, and wine because of its high acid tolerance, low susceptibility to infection than bacteria, and better fermentation capacity.
- It is reacted with biomass substances, such as agricultural waste, to produce bioethanol. The optimum pH value required for the reaction is from 4–5 for the highest yield. The demand for baker’s yeast for producing bioethanol is expected to increase in the market because it is one of the most sustainable, affordable, and eco-friendly methods.
- Brewer’s yeast is generally of two types: top-fermenting and bottom-fermenting, also known as lager and ale yeast. They are mainly used in the production of beer. The most commercially used brewer’s yeast is strains of Saccharomyces cerevisiae.
- As per the global status report on alcohol and health 2018, worldwide, 44.8% of the total alcohol consumption was in spirit form followed by 34.3% in beer and 11.7% in wine.
Bioethanol Yeast Regional Outlook
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The market players focus on new product developments, partnerships, and collaborations. Through these operational integrations, manufacturers are trying to reach out to potential consumers. The high demand for these products offers an opportunity for manufacturing companies in analyzing the customers’ needs and value proposition of competition in the market. Innovative feedstock and process technologies play a vital role in the manufacturing of bioethanol yeast. Manufacturers are engaged in developing and innovating new process technologies to reduce their production costs, time, and also increasing their operational efficiency.
Some prominent players in the global bioethanol yeast market include
- Novozymes
- Associated British Foods plc
- DSM
- AB Mauri
- Cargill, Inc.
Order a free sample PDF of the Bioethanol Yeast Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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