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Bioethanol Yeast Market: Current Analysis and Forecast (2024-2032)
Emphasis on Type (Baker’s and Brewer’s); Application (Bioethanol Production, Animal Feed Production, Food and Beverage Industry, Industrial Fermentation, and Others); Region/Country.
Bioethanol Yeast Market Size & Forecast
The Bioethanol Yeast market was valued at USD 17,438.2 Million in 2023 and is expected to grow at a strong CAGR of around 12.8% during the forecast period (2024-2032) owing to rising usage in growing demand for renewable energy fueled by government mandates.
Bioethanol Yeast Market Analysis
Increasing demand for biofuels, especially ethanol as an alternative renewable fuel source is driving the global bioethanol yeast market and fueling the demand for ethanol as a substitute energy source. Bioethanol yeast is important in bioethanol production through the fermentation process where bioethanol is used mostly in the automotive, industrial, and energy sectors. Government regulations and mandates that drive up the demand for blending higher levels of ethanol in gasoline, a growing perception of environmental sustainability, and a desire to cut down greenhouse gas emissions are the drivers of the market. In addition, improvements in biotechnology have produced highly efficient yeasts that produce a negligible amount of ethanol from the low-priced available biomass.
Bioethanol Yeast Market Trends
This section discusses the key market trends that are influencing the various segments of the Bioethanol Yeast market as identified by our team of research experts.
Rising Demand for Renewable Fuels
The key driver in the market is the growing adoption of bioethanol as a renewable and cleaner substitute for fossil fuels. With increasing global concerns over climate change and greenhouse gas emissions, governments, industries, and consumers are shifting towards sustainable energy resources. Yeast fermentation-based bioethanol is widely used as a fuel additive to decrease the environmental impact of transportation and industrial energy usage. It is also compatible with existing fuel infrastructure and is renewable, thus a vital key to meeting global sustainability goals.
Government Policies and Ethanol Blending Mandates
Mandatory ethanol blending programs and supportive government policies play a large part in increasing demand for bioethanol yeast. The USA’s Renewable Fuel Standard (RFS), Brazil’s Proalcool Program, and India’s Ethanol Blending Program (EBP) have all established greenhouse gas reduction targets and set clear blending targets for ethanol use in gasoline. The purpose of these regulations is to reduce dependency on fossil fuels, make the carbon footprint low, and encourage local bioethanol production. Such mandates create an additional need for efficient yeast strains for large-scale ethanol production.
Technological Advancements in Yeast Strains
Genetically modified and advanced yeast strains have revolutionized the bioethanol production process. These engineered yeasts are expected to cope under harsh fermentation conditions such as high ethanol concentrations, thermal variation, and inhibitors present within lignocellulosic biomass. The productivity and cost-effectiveness of bioethanol production are thereby improved thanks to the increased fermentation efficiency of these yeast strains and their ability to be used with second-generation feedstocks such as agricultural waste, driving market adoption.
Abundant Feedstock Availability
Sufficiency of feedstock resources in regions for the production of sugarcane, corn, and agricultural residues respectively in North America, South America, and Asia Pacific is favorable for the production of bioethanol. However, large-scale bioethanol production requires a consistent and readily available supply of yeast for the fermentation process, so the demand for yeast is very high. The availability of various feedstocks also makes it possible to utilize first-generation (sugar and starch base) and second-generation (cellulose base) production methods, favoring market growth.
APAC is Expected to Grow with Significant CAGR During Forecast Period
The APAC bioethanol yeast market is expected to grow because of the rise in demand for renewable energy sources; availability of feedstock; and the increase in government mandates for ethanol blending in the Asia Pacific. India and China are leading this growth with some of the policies such as India’s Ethanol Blending Program (EBP) to blend 20% of ethanol with gasoline by 2025 and China’s E10 national mandate meaning 10% of ethanol blended gasoline across the country. Thus, CO2 emissions will be reduced, energy security will be enhanced and sustainable energy options will be developed. Large tracts of arable land in the region support the cultivation of sugarcane, corn, and other crops; the wastes from which, together with sugarcane itself, make for abundant feedstock for bioethanol production which, in turn, requires yeast for the fermentation process. The market is also growing because of technology enhancements that include the use of genetically modified yeast strains that have higher rates of fermentation and the use of second-generation feedstocks which include biomass such as lignocellulosic materials. Also, the fast industrial and urban development especially in the APAC is fostering market growth; in addition to this, the expanding bioethanol production facilities are boosting market dynamics. Production costs and the variability of feedstock are still issues, but the APAC region is also growing fast as a market for bioethanol yeast in the global region bioethanol yeast market, and this is set to keep on growing in the next few years as the region attempts to meet its energy needs while also being conscious of the environment.
Bioethanol Yeast Market Overview
The Bioethanol Yeast market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market include Chr. Hansen Holding A/S, Lesaffre, AB Mauri, Angel Yeast Co., Ltd., Lallemand Inc., DSM Nutritional Products, International Flavors & Fragrances Inc., Novozymes A/S, Terranol AS, and Kemin Industries, Inc.
Bioethanol Yeast Market News
In August 2024, ST. LOUIS — Yeast and bakery ingredient company AB Mauri North America has acquired Omega Yeast Labs LLC, described as a leader in the craft-brewing liquid yeast market. Omega Yeast Labs operates a research, development and production headquarters at a 14,000-square-foot facility in Chicago and has locations in the Midwest, with about 50 employees.
Bioethanol Yeast Market Report Coverage
Report Attribute | Details |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of 12.8% |
Market size 2023 | USD 17,438.2 Million |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | Asia-Pacific is expected to grow at the highest CAGR during the forecasted period |
Key countries covered | U.S., Canada, Germany, Spain, Italy, France, United Kingdom, China, Japan, South Korea, and India |
Companies profiled | Chr. Hansen Holding A/S, Lesaffre, AB Mauri, Angel Yeast Co., Ltd., Lallemand Inc., DSM Nutritional Products, International Flavors & Fragrances Inc., Novozymes A/S, Terranol AS, and Kemin Industries, Inc. |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Type; By Application; By Region/Country |
Reasons to buy this report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
Customization Options:
The global Bioethanol Yeast market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Content
Research Methodology for the Bioethanol Yeast Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of global Bioethanol Yeast were the three major steps undertaken to create and explore the adoption of Bioethanol Yeast in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the global Bioethanol Yeast market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of Bioethanol Yeast through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of Bioethanol Yeast, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report, such as Type and Application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Bioethanol Yeast. Further, we conducted factor analysis using dependent and independent variables such as Type and Application of Bioethanol Yeast market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Bioethanol Yeast sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Bioethanol Yeast market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Bioethanol Yeast across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global Bioethanol Yeast market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Bioethanol Yeast market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Type and Application in the global Bioethanol Yeast market.
The main objective of the Global Bioethanol Yeast Market Study
The current & future market trends of the global Bioethanol Yeast market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of Bioethanol Yeast industry in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
Segments in the study include areas of Type and Application
Define and analysis of the regulatory framework for the Bioethanol Yeast industry
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
Analyze the current and forecast market size of the Bioethanol Yeast market for the major region
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
Company profiles of the Bioethanol Yeast market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry.
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Bioethanol Yeast market?
The Bioethanol Yeast Market was valued at USD 17,438.2 Million in 2023 and is expected to grow at a strong CAGR of around 12.8% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the Bioethanol Yeast market?
The growth of the bioethanol yeast market is driven by rising renewable energy demand, supportive government mandates, technological innovations, and abundant feedstock availability.
Q3: Which segment has the largest share in the Bioethanol Yeast market by Type?
The Baker’s segment has the largest share of the Bioethanol Yeast market by Type.
Q4: What are the emerging technologies and trends in the Bioethanol Yeast market?
Emerging technologies and trends in the bioethanol yeast market include genetically engineered yeast for higher yields, second-generation bioethanol production, and advanced fermentation processes for lignocellulosic biomass.
Q5: Which region will dominate in the Bioethanol Yeast market?
APAC is expected to dominate the market during the forecast period.
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