During 2004-2011, the yeast output grew continuously, with the CAGR hitting 12.4%. In 2012, the figure approximated 257 kilotons in China, rising by 11.2%. The yeast production in China is mainly dominated by high active dry yeast, with output accounting for over 50% of total output; feed yeast contributes 15% or so of yeast output in China.
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As an acknowledged sunrise industry, yeast industry enjoys bright development prospects. At present, the per capita bread consumption in Chinese Mainland reaches about 1.3 kg/year, much lower than that in Taiwan (9 kg/year) and Japan (10 kg/year) with similar dietary habits. Plus the demands of steamed bread, alcohol, etc. for yeast, the traditional yeast market capacity in China can amount to 384.8 kilotons theoretically.
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Since the yeast market features a fairly high concentration degree, the leading companies have the bargaining power. As of 2012, there had been around 20 yeast manufacturers in China. In particular, Angel Yeast, AB MAURI and Lesaffre possess 12 plants, with capacity sharing 82% of the total. Except above three players, the rest yeast firms all characterize small scale, and the capacity of most enterprises is even less than 1,000 tons.
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