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The global yeast market, estimated to be valued at USD 5.5 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 8.5 billion by 2029, indicating a robust CAGR of 8.9% from 2024 to 2029 according to a report published by MarketsandMarkets™. The yeast market has experienced significant growth in recent years, driven by the expanding demand for bakery products, alcoholic beverages, and animal feed. With yeast being a crucial ingredient in these sectors, advancements in biotechnology and fermentation processes have enabled manufacturers to produce high-quality yeast strains efficiently.
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