Latin America Yeast Ingredients Market

Latin America Yeast Ingredients Market Growth and Forecast (2023-2028);

The Latin America Yeast Ingredients Market was worth USD 250 million in 2022 and estimated to be growing at a CAGR of 6.93%, to reach USD 350 million by 2028. Yeast are single celled organisms which are eukaryotic which are members of the fungus kingdom. In the supermarkets, they are available as edible mushrooms and baker’s yeast which is used in leavening bread and molds which are used in producing antibiotics for medical and veterinary use.

Market Overview:

Yeasts are natural ingredients and are also one among the primary food ingredients in the food processing industry. Yeasts are used to give flavour and taste to processed food. Due to high nutrient content, yeasts are used as taste boosters in various processed foods such as canned food, snacks, baked food, sauces, and dairy products. Yeast ingredients help manufacturers in giving a clean label to their products, and satisfying consumer’s demands for natural ingredients within their budgets.

Growing demand for processed and conventional food is propelling the Latin America yeast ingredients market. The popularity for yeast ingredients is increasing in the pharmaceutical industry owing to their wide application as fat substitute, thickening agent, and dietary fibre. Hence, rising investment in the pharmaceutical industry is expected to propel Latin America demand for yeast ingredient products. With increasing disposable incomes, the demand from consumers for quality processed food items is rising, thus increasing demand for yeast ingredients mainly in developing regions such as China and India.

Latin America Yeast Ingredients Market Segmentation Analysis:

The Latin America Yeast Ingredients market is segmented based on application into alcoholic beverages, non-alcoholic beverages, bakery, cultured foods and others. By product type, the market is segmented into fresh yeast, dry yeast, natural yeast, easy bake yeast and other product types. By strain type, the market is divided into saccharomyces cerevisiae, brettanomyces lambicus, candida stellate and other strain types. By speciality type, the market is categorised into autolysates, yeast extract, beta-glucan, oils and shortenings, derivatives and other speciality types. Fresh yeast segment has the largest market share among all the segments in the yeast ingredients market.

Region Analysis:

The Latin America Yeast Ingredients market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as rising disposable incomes and growing populace is expected to drive the market growth in the region. 

Key Players in the Market:

Major Key Players in the Latin America Yeast Ingredients Market are

Associated British Foods plc (U.K.), Sensient Technologies Corporation (U.S.), Kerry Group plc (Ireland), Royal DSM N.V. (The Netherlands), Angel Yeast Co., Ltd (China), Lesaffre Group (France), Leiber GmbH (Germany), and LALLEMAND Inc. (Canada).