酵母市場－全球產業規模、佔有率、趨勢、機會及預測（依產品、形式、應用、通路、地區及競爭格局分類，2021-2031年）

全球啤酒酵母市場預計將從 2025 年的 65.1 億美元成長到 2031 年的 101.5 億美元，複合年成長率為 7.68%。

啤酒酵母，學名去活化釀酒酵母（Saccharomyces cerevisiae），是啤酒發酵的產物，因其富含蛋白質、礦物質和B群維生素而廣為人知。市場擴張的主要驅動力來自農業領域對無抗生素生長促進劑的迫切需求，以及人類營養領域對替代蛋白質來源日益成長的工業需求。此外，酵母衍生成分在腸道健康藥物中的應用日益廣泛，也推動了啤酒酵母市場的持續成長。根據美國飼料工業協會（AFIA）的數據，預計到2024年，美國動物飼料出口量將成長8%，達到2,140萬噸，這印證了這一重要終端應用領域強勁的商業性發展勢頭。

然而，由於啤酒酵母的供應與全球釀酒業的產量密切相關，因此該市場面臨與原料波動相關的重大挑戰。啤酒產量停滯或下降會直接限制這種生質能的供應，導致供應鏈瓶頸和採購成本上升。因此，製造商被迫應對這些上游依賴風險，這可能會破壞市場穩定性，並阻礙其可靠地滿足不斷成長的終端用戶需求。

市場促進因素

全球啤酒酵母市場的主要驅動力是市場對高品質、無抗生素動物飼料添加劑日益成長的需求。隨著監管機構逐步禁止使用抗生素生長促進劑，畜牧養殖戶開始轉向酵母基替代品，例如甘露聚醣和BETA-葡聚醣，以支持動物腸道健康和免疫系統。這種結構性轉變推動了對去活化酵母需求的成長，而去活化酵母對於維持農業生產水準至關重要。根據Alltech發表的《2025年農業食品展望》，預計2024年全球飼料產量將成長1.2%，達到13.96億噸，凸顯了這項營養添加劑市場的成長潛力。主要生產商正積極掌握此一趨勢，安吉酵母發布的《2024年年度報告》顯示，其總收入達到151.97億元人民幣，主要得益於酵母衍生在動物營養及相關應用領域的持續普及。

第二個關鍵促進因素是酵母蛋白在植物來源肉類替代品中日益廣泛的應用，這使得啤酒酵母從純粹的產品專用成分轉變為高價值的功能性原料。在植物性肉品中，酵母萃取物擴大被用於掩蓋植物蛋白中的異味並增添必要的鮮味。它們的蛋白質含​​量也有助於形成與動物性肉類相媲美的氨基酸組成。這個應用領域正吸引大量投資，用於開發旨在最佳化適合人類食用的酵母菌株的發酵創新技術。根據良好食品研究所發布的《2024年產業趨勢報告：發酵技術》，專注於發酵型替代蛋白的公司預計將在2024年籌集6.51億美元的資金籌措，這表明酵母生質能在永續食品中的應用將持續獲得資金支持。

市場挑戰

原料價格波動是市場穩定的根本障礙，因為啤酒酵母的供應完全依賴釀酒業的運作。生產商無法自主生產這種生質能，因此必須依賴發酵產品作為主要原料。結果，供應量取決於飲料消費趨勢，而非飼料和人類營養領域對酵母衍生物日益成長的需求。由於這種對上游工程的嚴格依賴，啤酒產量的下降會立即導致供不應求，從而推高採購成本並限制加工庫存。

當釀造活動放緩時，這種限制尤其嚴重，導致加工商面臨無法透過其他管道彌補的酵母供不應求。酵母生產無法與釀造週期分離，使得市場容易受到產量大幅波動的影響，並可能擾亂長期供應合約。例如，美國釀酒商協會報告稱，2024年上半年美國獨立精釀啤酒產量下降了2%。釀造量的下降直接減少了可回收酵母的噸位，使製造商更難持續滿足不斷成長的終端用戶需求，並最終阻礙了整體市場成長。

市場趨勢

透過對釀酒廢棄物進行永續增值回收，循環經濟正在顯著改變價值鏈的動態，將廢棄物酵母轉化為戰略資產。製造商正擴大採用先進的分餾技術，從剩餘酵母生質能中回收高價值的BETA-葡聚醣和蛋白質，從而在減少環境影響的同時，開闢新的收入來源。這項策略支持企業更廣泛的永續性目標，即實現生產閉迴路和最大限度減少掩埋，有效地將潛在的波動風險轉化為可靠的資源。為了反映這一趨勢的規模，喜力在2023年年度報告中宣布，其99.4%的剩餘產品（包括釀酒穀物和酵母）已被回收或再利用於飼料和原料循環。

同時，功能性和高階寵物食品市場的擴張，使得啤酒酵母在傳統畜牧市場之外也擁有了特殊的市場需求。隨著寵物飼主越來越像對待人類一樣對待他們的伴侶動物，他們也越來越傾向於選擇能夠提供特定健康益處的天然成分，例如改善消化、增強免疫力和偏好。酵母衍生成分因其富含B群維生素和鮮味，能夠作為貓狗的「潔淨標示」食慾促效劑，因此在這一領域得到了積極的推廣。根據美國寵物用品協會的《產業趨勢報告》，預計到2023年，美國寵物產業的總支出將達到1,470億美元，這表明功能性酵母添加劑在伴侶動物領域擁有巨大的高價值市場機會。

目錄

第1章概述

第2章調查方法

第3章執行摘要

第4章：客戶評價

第5章 全球酵母市場展望

• 市場規模及預測
  • 按金額
• 市佔率及預測
  • 依產品類型（乾貨、鮮貨、即溶乾貨、液體）
  • 按劑型（粉末、錠劑）
  • 用途（食品、飼料）
  • 依分銷管道（線上、線下）
  • 按地區
  • 按公司（2025 年）
• 市場地圖

第6章 北美酵母市場展望

• 市場規模及預測
• 市佔率及預測
• 北美洲：國家分析
  • 美國
  • 加拿大
  • 墨西哥

7. 歐洲酵母市場展望

• 市場規模及預測
• 市佔率及預測
• 歐洲：國家分析
  • 德國
  • 法國
  • 英國
  • 義大利
  • 西班牙

8. 亞太酵母市場展望

• 市場規模及預測
• 市佔率及預測
• 亞太地區：國家分析
  • 中國
  • 印度
  • 日本
  • 韓國
  • 澳洲

9. 中東和非洲酵母市場展望

• 市場規模及預測
• 市佔率及預測
• 中東和非洲：國家分析
  • 沙烏地阿拉伯
  • 阿拉伯聯合大公國
  • 南非

第10章 南美酵母市場展望

• 市場規模及預測
• 市佔率及預測
• 南美洲：國家分析
  • 巴西
  • 哥倫比亞
  • 阿根廷

第11章 市場動態

• 促進要素
• 任務

第12章 市場趨勢與發展

• 併購
• 產品發布
• 最新進展

第13章 全球酵母市場：SWOT分析

第14章 波特五力分析

• 產業競爭
• 新進入者的可能性
• 供應商電力
• 顧客權力
• 替代品的威脅

第15章 競爭格局

• Associated British Food plc
• Lesaffre Group
• Alltech
• Leiber GmbH
• Angel Yeast Co., Ltd.
• Lallemand, Inc.
• FL Emmert
• Nutreco NV
• Biomin
• Shandong Bio Sunkeen Co., Ltd.

第16章 策略建議

第17章：關於研究公司及免責聲明

The Global Brewer's Yeast Market is projected to expand from USD 6.51 Billion in 2025 to USD 10.15 Billion by 2031, registering a CAGR of 7.68%. Brewer's yeast, technically known as inactivated Saccharomyces cerevisiae, is a byproduct of beer fermentation widely recognized for its rich profile of proteins, minerals, and B-vitamins. Market expansion is primarily fueled by the agricultural sector's urgent need for antibiotic-free growth promoters and the growing industrial appetite for alternative protein sources within human nutrition. Additionally, the increasing incorporation of yeast derivatives into pharmaceutical products aimed at gut health supports ongoing volume growth. Data from the American Feed Industry Association indicates that in 2024, U.S. animal food export volumes rose by 8% to reach 21.4 million metric tons, underscoring the strong commercial momentum within this crucial end-use sector.

However, the market confronts substantial hurdles related to raw material volatility, as the supply of brewer's yeast is intrinsically tied to the production levels of the global brewing industry. Any stagnation or reduction in beer output directly limits the availability of this biomass, resulting in supply chain bottlenecks and increased procurement costs. Consequently, manufacturers are forced to manage these upstream dependency risks, which can undermine market stability and hinder their capacity to reliably satisfy the growing demands of end-users.

Market Driver

A primary catalyst for the global brewer's yeast market is the escalating demand for high-quality, antibiotic-free animal feed additives. As regulatory bodies increasingly prohibit antibiotic growth promoters, livestock producers are shifting toward yeast-based alternatives containing mannan-oligosaccharides and beta-glucans to support animal gut health and immune systems. This structural transition is boosting the volume of inactivated yeast needed to maintain agricultural output levels. According to Alltech's '2025 Agri-Food Outlook', global animal feed production recovered in 2024, rising by 1.2% to 1.396 billion metric tons, highlighting the growing market for these nutritional additives. Leading manufacturers are capitalizing on this trend, as seen in Angel Yeast's '2024 Annual Report', which announced total revenue of 15.197 billion yuan, largely driven by the continued adoption of yeast derivatives in animal nutrition and related applications.

A second significant driver is the growing use of yeast proteins in plant-based meat alternatives, elevating brewer's yeast from a simple byproduct to a high-value functional ingredient. In meat analogue formulations, yeast extracts are increasingly employed to mask vegetable protein off-notes and add essential umami flavors, while the protein content helps achieve an amino acid profile comparable to animal meat. This application has drawn considerable investment into fermentation innovations aimed at optimizing yeast strains for human consumption. The Good Food Institute's '2024 State of the Industry Report: Fermentation' notes that companies focused on fermentation-enabled alternative proteins secured USD 651 million in 2024, indicating sustained funding for technologies that integrate yeast biomass into sustainable food products.

Market Challenge

Raw material volatility creates a fundamental obstacle to market stability, as the availability of brewer's yeast is wholly dependent on the operational output of the brewing sector. Since manufacturers cannot generate this biomass autonomously, they must rely on fermentation byproducts as their primary input. As a result, supply levels are determined by beverage consumption trends rather than the growing demand for yeast derivatives in animal feed or human nutrition. This strict upstream reliance means that any decrease in beer production volumes leads to immediate scarcity, driving up procurement costs and limiting the inventory available for processing.

This constraint becomes especially critical when brewing activity stagnates, leaving processors with supply deficits that cannot be remedied through alternative sourcing. The inability to separate yeast production from brewing cycles subjects the market to severe volume fluctuations that can disrupt long-term supply contracts. For instance, the Brewers Association reported that independent craft beer production volume in the United States fell by 2 percent in the first half of 2024. Such declines in brewing output directly reduce the recoverable tonnage of yeast, making it difficult for manufacturers to consistently meet the rising needs of end-users and thereby impeding overall market growth.

Market Trends

The sustainable upcycling of brewery waste for the circular economy is significantly reshaping supply chain dynamics by transforming spent yeast from disposable refuse into a strategic asset. Manufacturers are increasingly adopting advanced fractionation technologies to recover high-value beta-glucans and proteins from residual yeast biomass, opening new revenue streams while reducing environmental footprints. This strategy supports broader corporate sustainability objectives to close production loops and minimize landfill usage, effectively turning a potential volatility liability into a reliable material resource. Reflecting the scale of this trend, Heineken N.V. stated in its 'Annual Report 2023' that 99.4% of its residual products, including brewer's grains and yeast, were recycled or reused for animal feed and material loops.

Concurrently, the push into functional and premium pet nutrition is creating specialized demand for brewer's yeast outside of traditional livestock markets. As pet owners continue to humanize their companions, there is a growing preference for natural ingredients that provide tangible health advantages, such as enhanced digestion, immune support, and better palatability. Yeast derivatives are aggressively marketed in this sector for their abundant B-vitamin complex and savory umami flavor, acting as a clean-label appetite stimulant for cats and dogs. The American Pet Products Association's 'State of the Industry Report' revealed that total U.S. pet industry spending hit USD 147 billion in 2023, indicating a massive and high-value market opportunity for functional yeast additives in the companion animal space.

Key Market Players

• Associated British Food plc
• Lesaffre Group
• Alltech
• Leiber GmbH
• Angel Yeast Co., Ltd.
• Lallemand, Inc.
• F.L. Emmert
• Nutreco N.V.
• Biomin
• Shandong Bio Sunkeen Co., Ltd.

Report Scope

In this report, the Global Brewer's Yeast Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Brewer's Yeast Market, By Product

• Dry
• Fresh
• Instant Dry
• Liquid

Brewer's Yeast Market, By Form

• Powder
• Tablet

Brewer's Yeast Market, By Application

• Food
• Feed

Brewer's Yeast Market, By Distribution Channel

• Online
• Offline

Brewer's Yeast Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Brewer's Yeast Market.

Available Customizations:

Global Brewer's Yeast Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Brewer's Yeast Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Product (Dry, Fresh, Instant Dry, Liquid)
  • 5.2.2. By Form (Powder, Tablet)
  • 5.2.3. By Application (Food, Feed)
  • 5.2.4. By Distribution Channel (Online, Offline)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Brewer's Yeast Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Product
  • 6.2.2. By Form
  • 6.2.3. By Application
  • 6.2.4. By Distribution Channel
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Brewer's Yeast Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product
      • 6.3.1.2.2. By Form
      • 6.3.1.2.3. By Application
      • 6.3.1.2.4. By Distribution Channel
  • 6.3.2. Canada Brewer's Yeast Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product
      • 6.3.2.2.2. By Form
      • 6.3.2.2.3. By Application
      • 6.3.2.2.4. By Distribution Channel
  • 6.3.3. Mexico Brewer's Yeast Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product
      • 6.3.3.2.2. By Form
      • 6.3.3.2.3. By Application
      • 6.3.3.2.4. By Distribution Channel

7. Europe Brewer's Yeast Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Product
  • 7.2.2. By Form
  • 7.2.3. By Application
  • 7.2.4. By Distribution Channel
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Brewer's Yeast Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product
      • 7.3.1.2.2. By Form
      • 7.3.1.2.3. By Application
      • 7.3.1.2.4. By Distribution Channel
  • 7.3.2. France Brewer's Yeast Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product
      • 7.3.2.2.2. By Form
      • 7.3.2.2.3. By Application
      • 7.3.2.2.4. By Distribution Channel
  • 7.3.3. United Kingdom Brewer's Yeast Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product
      • 7.3.3.2.2. By Form
      • 7.3.3.2.3. By Application
      • 7.3.3.2.4. By Distribution Channel
  • 7.3.4. Italy Brewer's Yeast Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product
      • 7.3.4.2.2. By Form
      • 7.3.4.2.3. By Application
      • 7.3.4.2.4. By Distribution Channel
  • 7.3.5. Spain Brewer's Yeast Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product
      • 7.3.5.2.2. By Form
      • 7.3.5.2.3. By Application
      • 7.3.5.2.4. By Distribution Channel

8. Asia Pacific Brewer's Yeast Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Product
  • 8.2.2. By Form
  • 8.2.3. By Application
  • 8.2.4. By Distribution Channel
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Brewer's Yeast Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product
      • 8.3.1.2.2. By Form
      • 8.3.1.2.3. By Application
      • 8.3.1.2.4. By Distribution Channel
  • 8.3.2. India Brewer's Yeast Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product
      • 8.3.2.2.2. By Form
      • 8.3.2.2.3. By Application
      • 8.3.2.2.4. By Distribution Channel
  • 8.3.3. Japan Brewer's Yeast Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product
      • 8.3.3.2.2. By Form
      • 8.3.3.2.3. By Application
      • 8.3.3.2.4. By Distribution Channel
  • 8.3.4. South Korea Brewer's Yeast Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Product
      • 8.3.4.2.2. By Form
      • 8.3.4.2.3. By Application
      • 8.3.4.2.4. By Distribution Channel
  • 8.3.5. Australia Brewer's Yeast Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Product
      • 8.3.5.2.2. By Form
      • 8.3.5.2.3. By Application
      • 8.3.5.2.4. By Distribution Channel

9. Middle East & Africa Brewer's Yeast Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Product
  • 9.2.2. By Form
  • 9.2.3. By Application
  • 9.2.4. By Distribution Channel
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Brewer's Yeast Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product
      • 9.3.1.2.2. By Form
      • 9.3.1.2.3. By Application
      • 9.3.1.2.4. By Distribution Channel
  • 9.3.2. UAE Brewer's Yeast Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product
      • 9.3.2.2.2. By Form
      • 9.3.2.2.3. By Application
      • 9.3.2.2.4. By Distribution Channel
  • 9.3.3. South Africa Brewer's Yeast Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product
      • 9.3.3.2.2. By Form
      • 9.3.3.2.3. By Application
      • 9.3.3.2.4. By Distribution Channel

10. South America Brewer's Yeast Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Product
  • 10.2.2. By Form
  • 10.2.3. By Application
  • 10.2.4. By Distribution Channel
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Brewer's Yeast Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product
      • 10.3.1.2.2. By Form
      • 10.3.1.2.3. By Application
      • 10.3.1.2.4. By Distribution Channel
  • 10.3.2. Colombia Brewer's Yeast Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product
      • 10.3.2.2.2. By Form
      • 10.3.2.2.3. By Application
      • 10.3.2.2.4. By Distribution Channel
  • 10.3.3. Argentina Brewer's Yeast Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product
      • 10.3.3.2.2. By Form
      • 10.3.3.2.3. By Application
      • 10.3.3.2.4. By Distribution Channel

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Brewer's Yeast Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Associated British Food plc
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Lesaffre Group
• 15.3. Alltech
• 15.4. Leiber GmbH
• 15.5. Angel Yeast Co., Ltd.
• 15.6. Lallemand, Inc.
• 15.7. F.L. Emmert
• 15.8. Nutreco N.V.
• 15.9. Biomin
• 15.10. Shandong Bio Sunkeen Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer