A Complete Study of Yeast in Korea from 2023 to 2033
According to our industry analysis, the demand for yeast in Korea is estimated to be worth around USD 66.06 million in 2023. Over the next ten years, yeast production and use in the country is poised to advance at a rate of 11.6% per year. The analysis report further predicts the net revenue generated by sales of yeast by the regional industries to reach almost US$ 198.3 million by 2033.
Key Insights on the Yeast Sector of Korea
The introduction of international bakery chains and cafes, along with their growing popularity among Korean people, is driving the demand for yeast in Korea.
With an 8% CAGR in yeast consumption in Korea between 2018 and 2022, the net worth of the yeast industry reached US$ 59.16 million in 2022.
Yeast is now more important than ever in Korea, serving as a crucial component for health and nutrition benefits.
Attributes
Details
Industry Size of Korea in 2023
US$ 66.06 million
Expected Industry Size of Korea by 2033
US$ 198.3 million
Forecasted CAGR between 2023 to 2033
11.6%
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Top 5 Key Trends Influencing Demand for Yeast in Korea
Many people in Korea are now baking and cooking at home, which has increased the demand for yeast as an essential ingredient for bread and pastries.
Bread has become a staple in Korean cuisine, reflecting a shift in food habits among common people towards Western culinary traditions.
Large quantities of yeast are being utilized in the food and dairy industries to produce a wide range of baked goods and dairy products.
A wide variety of yeast products, such as active dry yeast, quick yeast, and sourdough starters, are readily available in Korea.
The use of yeast is on the rise, driven by the growing popularity of plant-based, vegetarian, and vegan diets, as well as other specialty food items.
Comparative View of Yeast Industry in Key Adjacent Regions
Below we provide a regional breakdown of yeast sales in Korea, Japan, and the rest of the world. The comparison of various trends and challenges faced by yeast suppliers in regional as well as global contexts might be helpful to conclude future possibilities.
Demand for Yeast in Korea:
Attributes
Demand for Yeast in Korea
CAGR (2023 to 2033)
11.6%
Valuation (2023)
US$ 66.06 million
Key Trend
The increased consumption of yeast in Korea is due to the growth of local and foreign bakeries and cafés.
Key Challenge
Yeast fermented foods might not be suitable for some individuals following strict diet plans.
Popularity of Yeast in Japan:
Attributes
Popularity of Yeast in Japan
CAGR (2023 to 2033)
10.7%
Valuation (2023)
US$ 139.57 million
Key Trend
The growing interest of people in fermented foods is driven by their potential health benefits, particularly for gut health.
Key Challenge
Strong regulations regarding preparation and consumption of fermented beverages like wine, beer or whiskey.
Adoption Scenario of Yeast in Global Context:
Attributes
Adoption Scenario of Yeast in Global Context
CAGR (2023 to 2033)
4.6%
Valuation (2023)
US$ 3.83 billion
Key Trend
Yeast is becoming popular as a rich source of minerals, protein, and B vitamins besides being an organic supply of dietary fiber.
Key Challenge
There might be some negative environmental impacts from large-scale yeast manufacturing, such as waste creation or yeast-related infections.
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Category-wise insights
Neutral Taste Makes Baker’s Yeast a Hit in Korea
The baker’s yeast segment is anticipated to capture almost 42.3% of total sales in Korea in 2023.
Yeast in Korea based on Product Type
Baker’s Yeast
Total Share (2023)
42.3%
Baker’s yeast is quite popular in Korea due to its neutral taste, which makes it perfect for brewing wine and various other beverages. There are also many distinct strains of baker's yeast designed for specific uses, including low-temperature-tolerant yeast for chilled dough and osmo-tolerant yeast for sweet dough.
Dry Yeast Garners Higher Traction in Korea Due to its Unique Advantages
Higher availability and sales of yeast in dry form are expected to contribute to 40.2% of the total yeast sales in Korea in 2023.
Yeast in Korea based on Form Type
Dry Yeast
Total Share (2023)
40.2%
The added advantage of dry yeast over other forms in terms of storage and transportation is expected to maintain its dominance in Korea during the forecasted years. Additionally, the increasing use of dry yeast in the preparation of animal feed has boosted its demand in Korea. However, the rising preference for fresh or instantly prepared yeast is set to create more commercial opportunities in the coming days.
Competitive Landscape
The competition among yeast manufacturers in Korea intensified in the last five years with the emergence of many regional sellers with improved quality, convenience, and adaptability of yeast. The extension of online retail channels and delivery services in Korea has certainly played a significant role in this notable growth of regional yeast suppliers.
Yeast suppliers in Korea are distinguishing their product lines to help customers experiment with various baking methods and recipes. So, new entrants can significantly impact consumer preferences and choices in the country by effectively marketing and promoting their unique yeast products, thus influencing the industry.
Recent Developments in Yeast Indstry in Korea
In South Korea, a "zero-sugar" popularity is growing up for soju, the national alcoholic beverage prepared from yeast and rice. Lotte Chilsung Beverage Company reported that 100 million 360-ml bottles of its diet brand Chum Churum Saero were sold in the first seven months following the debut in September 2022. Also, in response to the surge in sugar-free Soju, HiteJinro Company revived its long-running blockbuster Jinro product line in early 2023.
In July 2021, Lallemand Animal Nutrition Company revealed its plan to build a new office in Seoul, South Korea, as part of its ongoing efforts to improve customer service and innovate. The company is dedicated to providing specialized natural microbial products and services that optimize animal health and performance. It, produces, and sells high-value yeast and bacterium products, such as probiotics, silage inoculants, and yeast derivatives, using solid research, demonstrated outcomes, and expertise. The administration of fodder, and animal nutrition are expected to gain from these creative methods and boost the yeast sales in Korea.
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Key Players for Yeast in Korea
Angel Yeast Co., Ltd.
CJ Bio Korea
Lesaffre Korea
DSM Korea
Kerry Korea
Bio-Tech Korea Co., Ltd.
Innova Biosciences
Novozymes Korea
AB Enzymes Korea
Danisco Korea
Lallemand Korea
Biospringer Korea
Scope of the Report
Attribute
Details
Estimated Industry Size in 2023
US$ 66.06 million
Projected Industry Size by 2033
US$ 198.3 million
Anticipated CAGR between 2023 to 2033
11.6% CAGR
Historical Analysis of Demand for Yeast in Korea
2018 to 2022
Demand Forecast for Yeast in Korea
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Analysis of key factors influencing Yeast in Korea, Insights on Global Players and their Industry Strategy in Korea , Ecosystem Analysis of Local and Korea Providers
Key Companies Profiled
Angel Yeast Co., Ltd.
CJ Bio Korea
Lesaffre Korea
DSM Korea
Kerry Korea
Bio-Tech Korea Co., Ltd.
Innova Biosciences
Novozymes Korea
AB Enzymes Korea
Danisco Korea
Lallemand Korea
Biospringer Korea
Key Cities Analyzed while Studying Opportunities in Yeast in Korea
South Gyengsang
North Jeolla
South Jeolla
Jeju
Rest of Korea
Key Segments Covered in Korea Yeast Industry Survey
By Yeast Type:
Baker’s Yeast
Bi-ethanol Yeast
Feed Yeast
Wine Yeast
Brewer’s Yeast
By Form Type:
Dry Yeast
Fresh Yeast
Instant Yeast
By Key Cities/Provinces:
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Rest of Korea
Frequently Asked Questions
At What Rate is the Yeast Adoption is Growing in Korea?
The anticipated CAGR for yeast industry in Korea through 2033 is 11.6%.
How big will the Yeast Industry be in Korea?
Yeast business revenue in Korea is likely to be around US$ 198.3 million by 2033.
What is the Key Strategy for Yeast Companies in Korea?
Yeast supplying companies are targeting retail sector to boost sales.
Which is the Leading Yeast Type Segment for Sales in Korea?
Baker’s yeast accounts for 42.3% revenue share in Korea in 2023.
Which Form Type of Yeast has Higher Adoption in Korea?
Adoption of dry yeast currently garners 40.2% of total sales in Korea.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Baker’s Yeast
5.3.2. Bi-Ethanol Yeast
5.3.3. Feed Yeast
5.3.4. Wine Yeast
5.3.5. Brewer’s Yeast
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By From
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By From, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By From, 2023 to 2033
6.3.1. Dry Yeast
6.3.2. Fresh Yeast
6.3.3. Instant Yeast
6.4. Y-o-Y Growth Trend Analysis By From, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By From, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. South Gyeongsang
7.3.2. North Jeolla
7.3.3. South Jeolla
7.3.4. Jeju
7.3.5. Rest of Korea
7.4. Market Attractiveness Analysis By Region
8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Type
8.2.2. By From
8.3. Market Attractiveness Analysis
8.3.1. By Type
8.3.2. By From
8.4. Key Takeaways
9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Type
9.2.2. By From
9.3. Market Attractiveness Analysis
9.3.1. By Type
9.3.2. By From
9.4. Key Takeaways
10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Type
10.2.2. By From
10.3. Market Attractiveness Analysis
10.3.1. By Type
10.3.2. By From
10.4. Key Takeaways
11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Type
11.2.2. By From
11.3. Market Attractiveness Analysis
11.3.1. By Type
11.3.2. By From
11.4. Key Takeaways
12. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Type
12.2.2. By From
12.3. Market Attractiveness Analysis
12.3.1. By Type
12.3.2. By From
12.4. Key Takeaways
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Type
13.3.3. By From
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Jenico Foods
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.1.5.2. Product Strategy
14.1.1.5.3. Channel Strategy
14.1.2. Kothari Fermentation and Biochem Ltd.
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.2.5.2. Product Strategy
14.1.2.5.3. Channel Strategy
14.1.3. Leiber GmbH
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.3.5.2. Product Strategy
14.1.3.5.3. Channel Strategy
14.1.4. AB Mauri Foods, Inc
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.4.5.2. Product Strategy
14.1.4.5.3. Channel Strategy
14.1.5. Oriental India Pvt Ltd.
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.5.5.2. Product Strategy
14.1.5.5.3. Channel Strategy
14.1.6. Lallemand Inc.
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.6.5.2. Product Strategy
14.1.6.5.3. Channel Strategy
14.1.7. Ohly GmbH & Co. KG
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.7.5.2. Product Strategy
14.1.7.5.3. Channel Strategy
14.1.8. AGRANO Gmbh
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.8.5.2. Product Strategy
14.1.8.5.3. Channel Strategy
14.1.9. Lesaffre International
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.9.5.2. Product Strategy
14.1.9.5.3. Channel Strategy
14.1.10. Others
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.10.5.2. Product Strategy
14.1.10.5.3. Channel Strategy
15. Assumptions & Acronyms Used16. Research Methodology
