The U.S. and Mexico yeast market is expected to reach USD 2.2 billion by 2022 at a 7.8% CAGR, according to a new report by Grand View Research, Inc. Rise in food consumption and increased manufacturing of biodiesel will drive market growth.
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. Full Research Report On U.S. and Mexico Yeast Market By Grand View Research: www.grandviewresearch.com/industry-analysis/us-mexico-yeast-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/animal-feed-and-feed-additives Grand View Research has segmented the U.S. and Mexico yeast market on the basis of product, application, and country: Product Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2022)
www.grandviewresearch.com/press-release/us-mexico-yeast-market-analysis About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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