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health benefits associated with instant dry yeast such as healthy digestive system and helps to manage immune system
Increasing disposable income, dynamic changes in food habits, increasing demand for fast food and expansions of QSR” - Allied market ResearchPORTLAND, OR, US, May 1, 2023 /einpresswire.com / -- 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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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 dry yeast can be easily substitute to regular active dry yeast and reduce rise time. Instant dry yeast can be directly added with other ingredients of bread. But active yeast needs to be activated using a warm liquid to make it ready to use.
Top Key Companies
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'.
Regional Analysis:
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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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.
In addition, high disposable income boosts the spending capacity of consumers on luxury amenities. Furthermore, upsurge in shopping centers at business hubs across the globe leads to the proliferation of full-service restaurants, which in turn contributes for the growth of instant dry yeast market during the forecast period.
On the basis of packaging type, the bottle segment has been gaining significant share in global instant dry yeast market and is estimated to reach $420.7 million by 2030 at a CAGR of 7.64%. Plastic and glass bottles with wax coating majorly used for the packaging of instant dry yeast. Plastic bottles are gaining significant traction in the instant dry yeast market and are expected to continue its traction during the forecast period.
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The outbreak of COVID-19 has largely and negatively impacted instant dry yeast market. This is attributed to the lockdown implemented across various countries, which has hampered food processing and other processing industries. The pandemic is having a profound impact on the world, and is still affecting many parts of the world.
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