Dublin, November 12, 2021–(BUSINESS WIRE)–”Bioethanol yeast market size, market size by Hygienic Products manufacturer product type (bakers, brewers), application (cleaning and disinfection, biofuels), sharing and Trend Analysis Report”, by Region (North America), MEA), and Segment Forecasts, 2021-2028″ report has been added to ResearchAndMarkets.com products.
By 2028, the global bioethanol yeast market is expected to reach USD 32.67 billion, with a compound annual growth rate of 14.04% during the forecast period. The market is driven by increasing awareness of sustainable alternatives to petrochemical feedstocks (such as biofuels) and the rapid development of the food and beverage industry.
Due to the surge in demand for improving the sanitation of hospitals, offices and other public places to suppress the spread of infectious COVID-19 disease among staff and patients, there is currently an increasing demand for bioethanolyeast-based disinfection and sanitation products. The market is also driven by increasing awareness of personal hygiene. In addition, governments in Europe and North America have implemented strict regulations on the use of chemical agents, which are expected to drive product demand and thereby support market growth.
However, the cost of the product mainly depends on the price of raw materials. The cost related to the purchase of raw materials directly affects the overall cost of bioethanol yeast production. The prices of raw materials such as corn, gasoline, crude oil, wheat, and soybean oil are the main factors affecting product costs. Due to rising demand and shortage of supply, the dynamics of supply and demand in the global market are expected to fluctuate. The product is targeted at a specific application, which has prompted the company to mainly adopt value-based pricing. Bioethanol yeast is composed of similar materials, but has different application areas and needs to be treated differently because it provides manufacturers with opportunities to increase profits without increasing production costs.
In addition, the growth of the bakery industry in Europe, especially in Germany, as the country is the world’s largest consumer of rolls and bread, is expected to have a positive impact on product demand during the forecast period. From the perspective of global supply and demand, manufacturers tend to purchase raw materials because the key raw materials used in product manufacturing are crop residues. These products are already in a state of oversupply, and they have also attracted demand from other markets, such as biofuels and biogas for power generation, thereby offsetting the problem of oversupply of raw materials.
In terms of quantity, the market share of baker’s yeast product segment will be outstanding in 2020, and it is expected to grow steadily during the forecast period.
Due to the increase in cleaning and disinfection activities during the COVID-19 pandemic, the cleaning and disinfection segment is expected to achieve the fastest compound annual growth rate during the forecast period
In 2020, North America has the highest income share in the global market due to increasing attention to biofuel production and household hygiene practices
Increased M&A and new product development activities by major industry players are expected to pave the way for higher global product demand
4.1 Bioethanol yeast type movement analysis and market share, 2020 and 2028 (thousand tons) (millions of dollars)
5.1 Bioethanol yeast application movement analysis and market share, 2020 and 2028 (thousand tons) (millions of dollars)
6.2 2017-2028 Bio-Ethanol Yeast Market Size and Forecast and Trend Analysis by Region (Thousand Tons) (Millions of USD)
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Post time: Nov-22-2021