The Europe Instant Dry Yeast Market would witness market growth of 6.7% CAGR during the forecast period (2021-2027).
Instant dry yeast is made from special strains of yeast and doesn’t get dry at the time of processing. Moreover, it is found in small granules, which helps in absorbing liquid quickly, and doesn’t need to be hydrated or proofed before being mixed into flour & dry ingredients. Instant yeast such as Bread Machine Yeast and Rapid Rise Yeast could have bread improvers like ascorbic acid.
Water is used to make active yeast suitable for utilization, whereas there is no need to mix water while using instant dry yeast as it can be directly mixed with dry ingredients. Moreover, instant dry yeast can be used as active yeast and vice versa. However, when active dry yeast is used as a substitute for instant dry yeast, it takes comparatively more time.
The European instant dry yeast market is the leading market among the various regions. This is attributed to the high consumption of wine in some nations of this region like Spain, Germany, France, the U.K., and Italy. In addition, it is witnessed that Germany, Czech Republic, and Austria are the leading nations that comprise the largest number of consumers of beer. In terms of alcohol consumption, Estonia is the world's leading nation. Kali is the most popular drink in Estonia, made from slightly fermented bread. Thus, it is estimated that these factors would open new growth avenues for the instant dry yeast in the regional market over the forecasting years.
Moreover, the evolving lifestyles of customers and growing disposable income levels are witnessed to boost the growth of the processed food and bakery industries in this region. Further, the regional instant dry yeast market is accelerating, owing to the rise in alcohol consumption, the growing consumption of processed food products, and increasing awareness related to the nutritive value of yeast. Thus, it is anticipated that these determinants would offer lucrative opportunities for the growth of the instant dry yeast market during the forthcoming period.
The Germany market dominated the Europe Bakery and Confectionery Market by Country in 2020, thereby, achieving a market value of $19,420.2 Thousands by 2027. The UK market is exhibiting a CAGR of 6.4% during (2021 - 2027). Additionally, The France market is estimated to grow at a CAGR of 8.8% during (2021 - 2027).
Based on Packaging, the market is segmented into Pouch, Bottle and Others. Based on End User, the market is segmented into Household, Food Services, Bakery and Confectionery, QSR and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience stores, E-commerce and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Instant Dry Yeast Market Size will Hit $1.1 Billion by 2027, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke DSM N.V., ACH Food Companies, Inc. (Associated British Foods), Chr. Hansen Holding A/S, Kerry Group PLC, Biorigin, Pakmaya, Lallemand, Inc., Angel Yeast Co., Ltd., Lesaffre Group, and Foodchem International Corporation.
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