Bioethanol Yeast Market size is expected to reach USD 32.67 billion by 2028
Bioethanol Yeast Industry Overview The global bioethanol yeast market size was valued at USD 11.42 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 14.04% from 2021 to 2028. The product demand is anticipated to be driven by the increasing consumption of alcoholic beverages, bakery products, etc. There has been a significant decline in demand for petrochemical-based raw materials owing to the shift towards bio-based raw materials. The production and consumption of bioethanol are highly influenced by its demand in the end-use industries. Thus, any fluctuations in the demand from end-use industries are anticipated to directly impact the demand and prices of bioethanol. Gather more insights about the market drivers, restrains and growth of the Global Bioethanol Yeast Market Furthermore, disruptions in the supply chain, such as difficulty in raw material sourcing due to the restrictions on trade and inconsistency in logist...