The global instant dry yeast market is expected to secure US$ 652.3 Million in 2022 and reach US$ 984.9 Million by 2032. During the forecast period, the market is anticipated to display a CAGR of 5.1%. The market registered a CAGR of 4.1% from 2016-21. The growth of the market can be attributed to the increasing demand for bakery products.

The food segment is projected to account for the largest market share owing to the high consumption of bakery products. Increasing demand for naturally-extracted ingredients with rising consumption of naturally-extracted ingredients with the surging demand for clean-label and free-from products is likely to boost the instant dry yeast market.

Expansion of the market can be attributed to various favorable initiatives taken by players. For instance, in January 2020, Lesassre Group set up a new baking center for its subsidiary, Lesaffre Ivoire, in Abidjan, Weste Africa. The company aims to offer innovative bread-making solutions. The initiative would assist the company to enhance its production capacity, and boost its geographic reach. Such factors are likely to support the market growth in the forthcoming period.What are the Factors Propelling the Global Instant Dry Yeast Market?
The growth of the global instant dry yeast market can be attributed to factors such as increasing demand for bakery products, the rising trend of buying alcoholic beverages, and the surging demand for bioethanol as a fuel.

Players in the market are taking various initiatives to launch their products, which will benefit the market in the coming time. For instance, in 2019, global yeast and baking solution provider Lesaffre launched a new yeast product for the Japanese bread industry, providing a slow-rising yeast in a modern format.

Additionally, players in the region are focusing to expand their reach in the global market, which will augment the market size in the coming time. For instance, in March 2019, Angel Yeast opened its initial yeast manufacturing facility in Egypt. With such an initiative, the company would be able to offer enhanced product demand in the MEA region, which can boost market growth in the forthcoming time.

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