U.S.: Inactive Yeast Market 2024

Inactive Yeast Market Size in the U.S.

After two years of growth, the U.S. inactive yeast market decreased by -4.2% to $X in 2021. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Inactive yeast consumption peaked at $X in 2020, and then reduced slightly in the following year.

Inactive Yeast Production in the U.S.

In value terms, inactive yeast production contracted to $X in 2021. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 44% against the previous year. Inactive yeast production peaked at $X in 2020, and then shrank in the following year.

Inactive Yeast Exports

Exports from the U.S.

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms exported from the United States stood at X tons, stabilizing at 2020 figures. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 16%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, inactive yeast exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 19%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Canada (X tons), Mexico (X tons) and Chile (X tons) were the main destinations of inactive yeast exports from the United States, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +41.1%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and the Netherlands ($X) appeared to be the largest markets for inactive yeast exported from the United States worldwide, with a combined 54% share of total exports. Japan, China, Chile, the UK and Guatemala lagged somewhat behind, together comprising a further 20%.

China, with a CAGR of +30.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, surging by 5.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into the U.S.

Inactive yeast imports into the United States amounted to X tons in 2021, increasing by 3.4% compared with the year before. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.0% against 2012 indices. The pace of growth appeared the most rapid in 2015 with an increase of 28%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, inactive yeast imports shrank modestly to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.5% against 2012 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Imports peaked at $X in 2020, and then contracted slightly in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of inactive yeast to the United States, with a 39% share of total imports. Moreover, inactive yeast imports from Brazil exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.0% per year) and Mexico (+16.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to the United States, comprising 26% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Belgium, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.1% per year) and Belgium (+7.6% per year).

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2021, dropping by -3.9% against the previous year. Over the period under review, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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