Key Drivers for U.S. and Mexico Yeast Market to Ensure Healthy Growth

Rise in food consumption and increased manufacturing of biodiesel will drive market growth. The U.S. and Mexico Yeast Market is expected to reach USD 2.2 billion by 2022 at a 7.8% CAGR, according to a new report by Grand View Research, Inc.

The U.S. and Mexico market is expected to grow rapidly owing to rise in demand from the food and beverage industry. Rise in consumption of processed food by millennials is likely to augment industry growth. On account of rising health awareness, consumption of food products comprising natural ingredients is expected to increase rapidly. In addition, rise in number of local breweries and traditional bakery stores is expected to propel demand.

Major industry participants have heavily invested in R&D to develop new products and increase the application of yeast in bakery products. High R&D expenditure, innovation in manufacturing, and increased focus of companies on maintaining and strengthening relations with end-use industries are expected to provide new opportunities to market participants.

Manufacturers are looking to enter into long-term contracts with end-use industries to increase annual sales and strengthen market position. In March 2016, Lallemand Inc. acquired USA Yeast, LLC to enhance production capabilities in North America and cater to demand for yeast in the region.

To Know More About U.S. and Mexico Yeast Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/us-mexico-yeast-market

In July 2015, Angel Yeast Co., Ltd. signed an agreement to build its second overseas yeast plant in Russia with an investment worth USD 75 million. This agreement was signed with the state government to improve globalization strategies and expand geographical presence.

Market Segmentation of U.S. and Mexico Yeast Market:

The U.S. And Mexico Yeast Market segmented on the basis of Product, Application, and Country.

By Product:

Baker’s yeast

Feed yeast

Bioethanol yeast

By Application:

Food & beverages

Baked goods

Alcoholic beverages

Non-alcoholic beverages

Feed

Biodiesel

By Country:

Mexico

Inquire about U.S. and Mexico Yeast Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4900/ibb

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