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-Angel Yeast announces plans to bolster supply and innovation capabilities in response to growing global demand for yeast
YICHANG, China, Feb. 20, 2023 /PRNewswire/ -- Rising demand for yeast-based products in recent years portends steady market growth in the future, which also poses new challenges for manufacturers catalyze innovation and accelerate production and technological development to meet the changing needs of its customers. This is clear from the latest Trends in Yeast and Yeast Products report published by Innova Market Insights, which reveals the trend and potential of the yeast market, as well as the changes necessary for industry agents to stay ahead of the competition. .
Guided by the latest customer insights and driven by its goal of providing healthy and sustainable yeast products to customers around the world, Angel Yeast (SH600298), a world leader in yeast manufacturing, has announced its yeast development strategy. brand by 2023, focused on addressing market pain points and delivering innovative solutions through investments and strategic partnerships that allow the company to expand its R&D and supply capabilities. Angel aspires to bring premium quality yeasts to homes everywhere. the world and the global industry of F
According to the study, the rapid growth of the yeast market is driven by yeast's functions in food and beverage products as a flavor enhancer and nutritional booster. The use of yeast in the development of new products has increased in all regions between 2018 and 2022.
Western Europe continues to be at the forefront of the use of traditional yeast in the development of new products, while the use of yeast extracts in Asia is above the world average. As Western Europe continues to maintain its leadership in beer innovation and development, the region accounts for nearly half of all new yeast-based alcohol products. Keeping pace with demand to take advantage of market opportunities is quite a challenge. This means that companies must improve their yeast production capacity while establishing robust and agile supply chains that adapt to market growth.
Today, fresh bread is the daily staple for more than a third of consumers worldwide, with 63% of people consuming cookies at least once a week, with 50% eating cake at least once a week. once a week. In 2022, bread accounted for 53% of all new yeast-containing baked goods, with Western Europe and Latin America recording the highest volume of newly launched yeast-fermented baked goods.
Artisan bread, especially sourdough bread, is becoming increasingly popular in Europe and North America. This trend highlights a shift in consumer tastes and preferences and underscores the importance of manufacturers exploring new sources of yeast and experimenting with new applications to keep pace with dynamic customer needs.
Finally, as the market for plant-based and flavored foods grows, the versatility of yeast as a natural ingredient will be crucial in developing new products, and yeast proteins and extracts are expected to gain ground as food flavor enhancers. . In the coming years, plant-based foods will continue to take center stage, with the emergence of more sophisticated techniques to produce meat and dairy alternatives with richer textures and flavors. All this points to the need for companies to place more emphasis on their capacity for innovation, which is the key for manufacturers to capture a greater share of customers.
By aligning its business strategy with the latest industry trends and developments, Angel Group is prepared to embrace challenges and opportunities to hone its competitive advantages and build its long-term success with its new branding strategy. The company's investment in 2022 has already exceeded RMB 3.3 billion (US$485 million), with 18 construction projects completed and 29 new projects underway. With the establishment of its subsidiary in Russia and the expansion of the Egyptian branch, Angel is well positioned to meet the growing demand for yeast-based products.
With the goal of improving the penetration rate of its products in downstream markets, including fermented pasta, baked goods, condiments, alcoholic beverages, supplements, and cosmetics, Angel is investing in the development of 20 internal R&D platforms dedicated to resource development. yeast, yeast fermentation, nutrition, flavoring and other application technologies and biosynthesis technology. The company will also continue to collaborate with universities and research institutions around the world, joining forces with leading scientists and industry experts to discover new technology solutions that accelerate industry innovation.
"Angel's business success is based not only on his technological expertise, but also on his strong ability to capture market trends, which allows us to stay in tune with the needs of customers around the world. We conduct research in depth to detect market demands, allowing us to identify growth opportunities while seeking innovation to drive our business forward and stay ahead of the competition.With our new strategy, we will continue to expand our global presence by strengthening cooperation with our partners, leveraging our leadership in yeast manufacturing and global resources to reach new customer groups," said Xiao Minghua, CEO of Angel.
About Angel Yeast
Founded in 1986, Angel Yeast Co., Ltd specializes in the production of yeast and its derivatives. Its product range includes baker's yeast and ingredients, Chinese dim sum and seasonings, salty yeast extract, human health, animal nutrition, plant care, distilled spirits and biofuels, fermentation nutrients and enzymes.
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