Baker’s yeast segment in terms of type, generated highest revenue share in the Indonesia Yeast Market – 6Wresearch
By Types, Baker’s yeast segment generated the majority revenues in Indonesia yeast market on account of higher usage in bakery products and it is expected that towards 2030, the higher growth rate would be in consumption of bread product. In the upcoming years, the Indonesian restaurant sector is anticipated to expand more gradually at 7-8% each year. Therefore, an increase in restaurants is expected to result in a rise in yeast demand from bakers and other food producers and would augment the growth of market in the years to come.
According to 6wresearch, the Indonesia Yeast Market revenue size is projected to grow at a CAGR of 5.1% from 2023E-2029F. The growing demand of baker’s yeast in Indonesia owing to increase in the consumption of bakery goods such as breads, which grew by 60% in four years, and increasing tourism sector in the country would affect the market for yeast positively in the forecasted period. Many Indonesians are shifting their interest towards bakery goods, especially sandwich bread, as the country becomes more urbanised and more oriented towards a Western way of life. While preparing an elaborate breakfast with rice, veggies, and chicken meat is still common in rural regions, busy city inhabitants are more likely to prefer filled sweet buns or slices of toasted sandwich bread, this predominant consumer shift towards baked products positively favours the yeast market growth in the nation.
According to Ravi Bhandari, Research Head, 6Wresearch, Active form segment acquired maximum revenue share in 2022 and would continue to dominate in the years ahead on account of growing food and beverage industry which grew from 2.45% in 2021 to 3.7% in the first quarter of 2022 and increasing FDI in wine industry such as it attracted USD 2.8 billion, representing 14.3% of total foreign investment in the country in 2020 would drive the market for active yeast in the coming years as it is more convenient to use compared to other forms of yeast and have longer shelf life.
The Indonesia Yeast Market (2023-2029)” report provides an in-depth analysis with 21 figures and 6 tables, covered in 72 pages. The report on Indonesia Yeast Market comprehensively covers the market by type, form, application, and regions. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.
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