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. 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.
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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.
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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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