The Instant Dry Yeast Market size is expected to reach $1,273.50 million by 2030, registering a CAGR of 7.6% from 2021 to 2030. Instant yeast is more finely ground than active dry yeast. Marketed as dissolving and activating more quickly (thus the instant part), it is nearly identical to active dry. It is also known as bread machine yeast, rapid-rise yeast or quick-rise yeast. Instant dry yeast has the advantages of high activity, stable performance, easy transportation and storage and convenient to use. It is an excellent fermentation agent and biological raising agent, widely used in bread, pastry and other fermented products.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ๐ฟ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐: https://www.alliedmarketresearch.com/request-sample/13543
๐ ๐ฎ๐ท๐ผ๐ฟ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐:
The players operating in the instant dry yeast industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Lesaffre, Hagold Hefe Gmbh, Asmussen Gmbh, ACH Food Companies, Inc, Fleischmann’s Yeast, LALLEMAND Inc, AB Mauri Food, Pakmaya, Angel Yeast and Keliff’.
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๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ:
Region wise, Asia-Pacific instant dry yeast market is expected to witness highest growth at a CAGR of 8.3% during the forecast period. Increase in investments by several small and midsized food manufacturing companies in developing countries supports the growth of the market. The major drivers of the Asia-Pacific instant dry yeast market are presence of high population base, changes in taste & preferences of consumers, and surge in number of fast food chains/trucks. Moreover, adoption of western lifestyle and rise in disposable income are anticipated to drive the growth of the market. Rise in purchasing power of the Asia-Pacific population, rapid urbanization, and presence of large customer base preferring instant dry yeast drive the market growth in the Asia-Pacific.
Key Findings Of The Study
- The Instant Dry Yeast market was valued at $619.2 million in 2020, and is estimated to reach $1,273.5 million by 2030, registering a CAGR of 7.6% from 2021 to 2030.
- By packaging type, the bottle segment is estimated to witness the significant growth, registering a CAGR of 7.6% during the forecast period.
- In 2020, depending on distribution channel, the supermarket/hypermarket segment was valued at $379.2 million, accounting for 28.4% of the global instant dry yeast market share.
- By end user, the household segment is estimated to witness the significant growth, registering a CAGR of 8.3% during the forecast period.
- In 2020, the U.K. was the most prominent market in Europe, and is projected to reach $122.7 million by 2030, growing at a CAGR of 6.9% during the forecast period.
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On the basis of end user, the food services segments accounted for around 24.1% market share in 2020, with the former constituting around 27.53% share and is expected to grow at CAGR of 6.1% during the forecast period. Inclination of consumers toward new cuisines at a reasonable cost boosts the adoption of new technologies for preparing quick-served foods among full-service restaurants. Ongoing trends of luxury dining and tourism are expected to drive the instant dry yeast market through full-service restaurants.
Related Reports:
Nutraceutical Ingredients Market
๐๐ฏ๐ผ๐๐ ๐จ๐
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