Inactive Yeast Market

The article discusses the projected growth in the global market for inactive yeast over the period from 2022 to 2030. It forecasts an increase in market volume to 2.5M tons and market value to $24.8B by 2030. Consumption trends show a slight increase, with notable fluctuations recorded over the years. Key consuming countries include China, United States, and India, while top producing countries include China, Russia, and United States. Import and export trends also show growth, with notable fluctuations in prices and volumes over the years.

Market Forecast

Driven by rising demand for inactive yeast worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.5M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of -0.5% for the period from 2022 to 2030, which is projected to bring the market value to $24.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Inactive Yeasts And Other Dead Single-Cell Micro-Organisms

In 2022, global consumption of inactive yeasts and other dead single-cell micro-organisms rose slightly to 2.4M tons, increasing by 2.7% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, global consumption reached the peak volume at 2.9M tons in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

The global inactive yeast market size soared to $25.8B in 2022, increasing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +107.0% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (372K tons), the United States (213K tons) and India (149K tons), with a combined 30% share of global consumption. Russia, Germany, Japan, Nigeria, the UK, Pakistan, Indonesia, France, Mexico and Bangladesh lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Nigeria (with a CAGR of +6.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast markets worldwide were Japan ($2.7B), India ($1.8B) and the United States ($826M), with a combined 21% share of the global market. China, the UK, Indonesia, Pakistan, Mexico, Nigeria, Bangladesh, France, Germany and Russia lagged somewhat behind, together accounting for a further 8.6%.

Nigeria, with a CAGR of +5.6%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of inactive yeast per capita consumption in 2022 were Germany (1,267 kg per 1000 persons), Russia (878 kg per 1000 persons) and the UK (791 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +4.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Inactive Yeasts And Other Dead Single-Cell Micro-Organisms

Global inactive yeast production amounted to 2.4M tons in 2022, increasing by 1.9% against 2021. Overall, production, however, saw a slight curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 18% against the previous year. Over the period under review, global production reached the peak volume at 2.8M tons in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In value terms, inactive yeast production stood at $15.8B in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25% against the previous year. Over the period under review, global production reached the peak level at $22.9B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of inactive yeast production was China (395K tons), comprising approx. 17% of total volume. Moreover, inactive yeast production in China exceeded the figures recorded by the second-largest producer, Russia (188K tons), twofold. The third position in this ranking was held by the United States (181K tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Russia (+3.1% per year) and the United States (+3.0% per year).

Imports

World Imports of Inactive Yeasts And Other Dead Single-Cell Micro-Organisms

In 2022, after two years of growth, there was significant decline in purchases abroad of inactive yeasts and other dead single-cell micro-organisms, when their volume decreased by -7.2% to 461K tons. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports attained the peak of 496K tons, and then reduced in the following year.

In value terms, inactive yeast imports stood at $1.2B in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.4% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

In 2022, Germany (74K tons) and the United States (51K tons) represented the main importers of inactive yeasts and other dead single-cell micro-organismsin the world, together making up 27% of total imports. Belgium (27K tons) held a 5.8% share (based on physical terms) of total imports, which put it in second place, followed by France (5.1%). The UK (21K tons), the Netherlands (20K tons), Italy (17K tons), Norway (16K tons), Turkey (14K tons), Japan (14K tons), Poland (13K tons), Chile (13K tons) and the Czech Republic (13K tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +32.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($171M) constitutes the largest market for imported inactive yeasts and other dead single-cell micro-organisms worldwide, comprising 14% of global imports. The second position in the ranking was held by the UK ($82M), with a 6.9% share of global imports. It was followed by the Netherlands, with a 6.5% share.

In the United States, inactive yeast imports expanded at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+7.9% per year) and the Netherlands (+15.6% per year).

Import Prices By Country

In 2022, the average inactive yeast import price amounted to $2,606 per ton, with an increase of 20% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $2,622 per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($3,990 per ton), while Germany ($796 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Inactive Yeasts And Other Dead Single-Cell Micro-Organisms

After two years of growth, overseas shipments of inactive yeasts and other dead single-cell micro-organisms decreased by -11.8% to 413K tons in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. The global exports peaked at 468K tons in 2021, and then shrank in the following year.

In value terms, inactive yeast exports stood at $959M in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.6% against 2014 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

The biggest shipments were from Brazil (84K tons), Russia (66K tons) and France (47K tons), together resulting at 48% of total export. Belgium (26K tons) ranks next in terms of the total exports with a 6.3% share, followed by China (5.7%), Germany (5.2%), Poland (4.8%) and the United States (4.7%). The following exporters - Malaysia (12K tons), Estonia (11K tons), Italy (9.4K tons) and the Czech Republic (7.4K tons) - together made up 9.7% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +60.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast supplying countries worldwide were Brazil ($147M), France ($88M) and the United States ($87M), with a combined 34% share of global exports. China, Belgium, Germany, Italy, Estonia, Russia, Poland, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further 41%.

In terms of the main exporting countries, Malaysia, with a CAGR of +45.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average inactive yeast export price amounted to $2,325 per ton, increasing by 16% against the previous year. Overall, the export price showed a relatively flat trend pattern. The global export price peaked at $2,442 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($4,917 per ton), while Russia ($655 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform