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The yeast market size is forecast to increase by USD 8.71 billion, at a CAGR of 10% between 2023 and 2028. The yeast market is witnessing significant growth due to the increasing demand for fermentation in various food applications such as baked goods like cakes, biscuits, cookies, crackers, and breads like buns. Product innovations in the food and beverage industry, particularly in the use of yeast varieties, are driving market growth. Furthermore, the rising preference for organic and natural food products is fueling the demand for organic yeast offerings. However, the market is challenged by the fluctuation in prices of raw materials used in yeast production, primarily sugar and milk, which can impact the profitability of yeast manufacturers. Despite these challenges, the market is expected to continue its growth trajectory due to its essential role in food production and the ongoing trend towards healthier and more natural food options.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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