U.S. and Mexico Yeast Market Key Insights to 2022
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. Further key findings from the report suggest: • Baker's yeast was the dominant product segment in 2014, in terms of volume, and will expand at a CAGR of 7.7% over the forecast pe...