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Global Inactive Yeast Market Rose 7% to Reach $9B in 2018

The global inactive yeast market revenue amounted to $9B in 2018, going up by 7% against the previous year.

This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% over the period from 2008 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2009 when the market value increased by 14% year-to-year. Over the period under review, the global inactive yeast market reached its maximum level in 2018 and is likely to see steady growth in the near future.

Consumption By Country
The countries with the highest volumes of inactive yeast consumption in 2018 were China (503K tonnes), the U.S. (300K tonnes) and India (206K tonnes), together accounting for 30% of global consumption. Japan, Russia, Brazil, Pakistan, Indonesia, Nigeria, Bangladesh, the UK and Mexico lagged somewhat behind, together accounting for a further 24%.

From 2008 to 2018, the most notable rate of growth in terms of inactive yeast consumption, amongst the main consuming countries, was attained by Pakistan, while the other global leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast markets worldwide were China ($1.4B), the U.S. ($912M) and India ($560M), together accounting for 32% of the global market. Japan, Russia, Pakistan, Indonesia, the UK, Nigeria, Bangladesh, Brazil and Mexico lagged somewhat behind, together accounting for a further 23%.

The countries with the highest levels of inactive yeast per capita consumption in 2018 were Japan (1,083 kg per 1000 persons), the UK (1,037 kg per 1000 persons) and the U.S. (919 kg per 1000 persons).

From 2008 to 2018, the most notable rate of growth in terms of inactive yeast per capita consumption, amongst the main consuming countries, was attained by China, while the other global leaders experienced mixed trends in the per capita consumption figures.

Production 2007-2018
Global inactive yeast production stood at 3.3M tonnes in 2018, growing by 5.1% against the previous year. In general, inactive yeast production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 5.1% year-to-year. The global inactive yeast production peaked at 3.3M tonnes in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Production By Country
The countries with the highest volumes of inactive yeast production in 2018 were China (525K tonnes), the U.S. (275K tonnes) and India (203K tonnes), together accounting for 30% of global production. Brazil, Japan, Russia, Pakistan, Indonesia, Nigeria, Bangladesh, Mexico and the UK lagged somewhat behind, together comprising a further 25%.

From 2008 to 2018, the most notable rate of growth in terms of inactive yeast production, amongst the main producing countries, was attained by Pakistan, while the other global leaders experienced more modest paces of growth.

Exports 2007-2018
In 2018, the amount of inactive yeasts and other dead single-cell micro-organisms exported worldwide amounted to 275K tonnes, growing by 5.8% against the previous year. Over the period under review, the total exports indicated strong growth from 2008 to 2018: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, inactive yeast exports increased by +82.1% against 2009 indices. The most prominent rate of growth was recorded in 2010 with an increase of 27% y-o-y. The global exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, inactive yeast exports totaled $753M (IndexBox estimates) in 2018. Over the period under review, the total exports indicated strong growth from 2008 to 2018: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, inactive yeast exports increased by +97.6% against 2009 indices. The most prominent rate of growth was recorded in 2010 with an increase of 29% year-to-year. Over the period under review, global inactive yeast exports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Exports by Country
In 2018, Brazil (52K tonnes), distantly followed by France (30K tonnes), China (23K tonnes), Belgium (21K tonnes), the U.S. (19K tonnes), Poland (17K tonnes), Germany (16K tonnes) and Russia (13K tonnes) were the major exporters of inactive yeasts and other dead single-cell micro-organisms, together generating 69% of total exports. The following exporters - Mexico (9,866 tonnes), Italy (7,799 tonnes), the UK (7,070 tonnes) and the Czech Republic (5,553 tonnes) - together made up 11% of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mexico, while the other global leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast markets worldwide were Brazil ($92M), the U.S. ($74M) and France ($67M), with a combined 31% share of global exports. These countries were followed by Belgium, China, Germany, Russia, Italy, Poland, the UK, Mexico and the Czech Republic, which together accounted for a further 40%.

Russia recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country
In 2018, the average inactive yeast export price amounted to $2,737 per tonne, surging by 2.3% against the previous year. Over the period from 2008 to 2018, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2009 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices for inactive yeasts and other dead single-cell micro-organisms attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($4,471 per tonne), while Poland ($1,621 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018
In 2018, the global inactive yeast imports totaled 361K tonnes, jumping by 9.8% against the previous year. In general, the total imports indicated a strong expansion from 2008 to 2018: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, inactive yeast imports increased by +80.4% against 2009 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19% y-o-y. The global imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, inactive yeast imports totaled $867M (IndexBox estimates) in 2018. Overall, the total imports indicated a resilient increase from 2008 to 2018: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, inactive yeast imports increased by +100.0% against 2009 indices. The most prominent rate of growth was recorded in 2010 when imports increased by 15% against the previous year. Over the period under review, global inactive yeast imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country
The U.S. (45K tonnes), Belgium (31K tonnes), France (25K tonnes), the UK (20K tonnes), Germany (20K tonnes), Italy (14K tonnes), Japan (14K tonnes), Turkey (13K tonnes), the Czech Republic (13K tonnes), Poland (12K tonnes), Canada (10K tonnes) and Mexico (9.4K tonnes) represented roughly 63% of total imports of inactive yeasts and other dead single-cell micro-organisms in 2018.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($150M) constitutes the largest market for imported inactive yeasts and other dead single-cell micro-organisms worldwide, comprising 17% of global imports. The second position in the ranking was occupied by the UK ($72M), with a 8.3% share of global imports. It was followed by Japan, with a 6.6% share.

From 2008 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +7.2%. In the other countries, the average annual rates were as follows: the UK (+7.9% per year) and Japan (+13.5% per year).

Import Prices by Country
In 2018, the average inactive yeast import price amounted to $2,404 per tonne, going up by 1.7% against the previous year. Over the period from 2008 to 2018, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2011 an increase of 7.7% y-o-y. The global import price peaked at $2,614 per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($4,104 per tonne), while Poland ($671 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform


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