Industry Analysis & Industry Trends
The Yeast and Bacteria for Food Production industry has blossomed in the five years to 2014. Demand from major markets including bakeries, breweries and dairy-product manufacturers has increased and a sizeable share of demand is expected to be met by imports. In addition, health benefits of probiotic bacteria in dairy products such as yogurt have also been touted by nutritional science in the past five years, boosting demand. In the five years to 2019, imports will continue to provide a major source of demand, but production in the United States is also expected to pick up. Increased demand from specific markets will also spur increased production and the health trend is forecast to gain greater momentum, benefiting the industry.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to outpace US GDP in the 10 years to 2019. Industry IVA is expected to grow an annualized 4.5% over this period while GDP is forecast to grow an annualized 2.5% over the same period. An IVA growth rate that is higher than GDP is one indication that the industry is in a growth phase of its life cycle.
The industry also continues to find new markets for its products. Traditionally used as a strictly functional ingredient in food and beverage production, especially bread production, beer production and dairy product manufacturing, industry products have now taken on new uses with specialty foods and food supplements... purchase to read more