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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