According to the business intelligence report titled ‘Global Instant Dry Yeast Market Size study, by Packaging (Pouch, Bottles, others), by Distribution (Supermarket/Hypermarket, Convenience store, E-commerce, Others), by End user (QSR, Food service, Bakery and confectionery, Household, Others), and Regional Forecasts 2021-2027:’, available with MarketStudyReport, global instant dry yeast market is projected to witness significant growth between 2021-2027.
 

Rising consumer spending power on food & beverage items, surging demand for convenience food, and changing dietary patterns are the key factors driving global instant dry yeast market expansion. Increasing consumption of processed foods and surging demand for baked foods will aid revenue inflow as well.
 

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For the unversed, instant dry yeast is available in smaller granules than active dry yeast. It is known to absorb liquid quickly and hence, has been gaining significant momentum, especially in the convenience food applications.
 

As per Statista, global retail sales of baked goods accounted for USD 334.7 billion in 2016 and rose to USD 352.8 billion in 2017. Increasing sales of baked products will raise the demand for instant dry yeast.
 

On the other hand, short shelf life of dry yeast will act as a challenge for businesses operating in this domain.
 

Based on packaging, worldwide instant dry yeast industry is divided into bottles, pouch, and others. Speaking of distribution, the market sphere is split into e-commerce, supermarket/ hypermarket, convenience store, and others. Moving on to end user spectrum, the business domain is arrayed into food service, QSR, household, bakery & confectionary, and others.
 

From the regional frame of reference, Europe held majority of global instant dry yeast market share in the recent past owing to surging demand for packed food products, ready-to-eat meals and snacks. High disposable income will aid industry growth in Europe as well.
 

Leading players shaping worldwide instant dry yeast market dynamics are Angel Yeast Co. Ltd., Lesaffre,  Keliffs Nutrients Private Limited, Hagold Hefe GmbH, Pakmaya, Asmussen GmbH, AB Mauri Food Inc.,             ACH Food Companies Inc., Lallemand Inc., and Fleischmann's Yeast.                 
 

These companies are undertaking various strategic decisions such as mergers & acquisitions, alliances, partnerships, collaborations, product launches, and investments into research & development to maximize profits and strengthen their foothold in this business domain.