According to a new report published by Allied Market Research, titled, “Instant Dry Yeast Market by Packaging Type, Distribution Channel and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030,”
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.
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Regional Outlook:
-> 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.
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Key Companies Included:
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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