Fortified Yeast Sales Surpasses US$ 100 Mn Mark in 2019
Over the years, scientific advancements in food technology has led to novel delivery systems for nutrients. Rapidly changing lifestyles and growing reliance on highly processed foods have also been used to justify the addition of nutrients to an expanding range of foods, to ensure nutritional adequacy of the diet. In addition, the rise of vegan culture, amid mounting concerns over animal welfare issues, is bringing a plethora of innovative products in the marketplace, such as fortified nutritional yeast. Although the fortified yeast market is still in its infancy with sales value of US$ 100 Mn, it is set to exhibit a double-digit growth rates during the forecast period (2019-2029).
Frequently asked questions about global fortified yeast market
What is future prospect for the organic fortified yeast segment?
In the current scenario organic products are in high demand owing to their benefits offering healthier body and environment. The demand for fortified yeast is anticipated to grow significantly over the forecast period. There are few market players operating in this segment which creates an opportunity for the new entrants as well as the key players of the fortified yeast market.
Which application segment witnesses most lucrative growth opportunities?
Fortified yeast market earns major share of revenue from increasing application in the food & beverages industry. The cheesy and nutty flavor of the product is increasing its demand as a cheese alternative among vegan and vegetarian demographics. Among other applications in fortified yeast market, the dietary supplements segment is expected to gain traction over the forecast years.
What is the degree of competition in the fortified yeast market?
The global fortified market is organized in developed regions such as Europe and North America. Among developing regions, fortified yeast is gaining traction in Latin America, East Asia and South Asia. Key players operating in the fortified yeast market are focusing on expanding their customer base through strengthening their supply chain.
Which region will lead the global sales of fortified yeast market?
Europe remains the largest shareholder in the global fortified yeast market. However, Latin America is expected to show higher growth. Manufacturers are focusing on expanding their geographical reach through the establishment of new production plants, survey, research, and development centers in different locations in their domestic region as well as across the globe.
Powdered Fortified Yeast Remains Highly Preferred
Demand for powdered form of fortified yeast is on a significant rise, due to its relatively high stability, longer shelf-life, consistent texture, ability to blend with other components, and its ease of use in myriad of recipes. Accounting for 44% of the total sales, manufacturers have specifically focused on this category. Fortified yeast flakes are also growing in popularity, especially as healthier, lower in calorie, and cheaper alternative to cheese. Furthermore, these flakes are becoming a must-have ingredient in plant-based and vegan cuisines. In view of growing awareness among consumers about health benefits of fortified yeast, manufacturers are also capitalizing on tablet and capsule forms that offer usage convenience.
Western Europe Remains in the Vanguard
Growth prospects of the fortified yeast market remain high in Western Europe, due to advanced food production systems and strong government efforts to safeguard food and nutrition security. Latin America and Asia Pacific, especially China, are emerging as promising markets for key players. In Latin America, sales of fortified yeast are projected to growth at a CAGR of 17.7% through 2029. Whereas, in China, as disposable income rises and awareness of novel food and ingredients increases, there has been a growing focus on functional possibilities of superfood or fortified foods. This, in turn, is expected to lead to increased demand for fortified yeast.
* This data is only a representation. Actual data may vary and will be available in report.
Fortified Yeast as Cheese Replacement - Key Growth Influencer
With the rise of lactose intolerance and health consciousness among a growing number of consumers, foods manufacturers are focusing on bringing innovative products to stay ahead in the highly competitive market. In recent times, fortified yeast is garnering significant traction as vegan cheese, as lactose-intolerant and vegan consumers, in large number, move away from dairy-based products. In addition to offering a nutritional punch, fortified yeast is prized for its cheesy and nutty flavor. Furthermore, while conventional fortified yeast continues to account for relatively high revenue share, manufacturers are focusing on increasing the production of organic variants, as aversion of consumers towards chemical-based products and subsequent trend of organic food consumption are on significant rise.
B2C sales take the lead
Sales via B2B channels pick pace
Powder remains the top selling category
Demand for capsule increases significantly
High application in food & beverages
Use in personal care products grows rapidly
How Growth will Unfold
Increasing use of fortified yeast in food & beverages continues to influence growth strategies. Manufacturers are targeted towards leveraging and identifying white spaces in application of their products, ranging from dietary supplements to personal care products. As consumers’ inquisitiveness about ingredients used in a wide range of products is increasing, numerous industry operators are focusing on natural, chemical-free, plant-based, and organic ingredients. This, in turn, will play an instrumental role in the growth of the fortified yeast market. Moreover, use of fortified yeast in personal care products is expected to grow at CAGR of 14.5% during the predefined timeframe.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Fortified Yeast Market Analysis 2019-2029
A recent market study published by Future Market Insights on the Fortified Yeast market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Fortified Yeast Market Taxonomy
The global fortified yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Food & Beverage
- Bakery & Confectionery
- Soups, Sauces, & Seasonings
- Functional Foods
- Dietary Supplements
- Personal Care
- Other Applications
- Modern Trade
- Specialty Stores
- Convenience Stores
- Online Retail
- Other Sales Channels
- North America
- Latin America
- Western Europe
- North & Eastern Europe
- Asia Pacific Excluding Japan
- Middle East & Africa
The executive summary of the fortified yeast market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global fortified yeast market.
Readers can find the detailed segmentation and definition of the fortified yeast market in this chapter, which will help them understand basic information about the fortified yeast market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the fortified yeast market report.
The associated industry assessment of the fortified yeast market is carried out in this section. The macroeconomic factors affecting growth of the fortified yeast market are provided in this section and the impact of these macroeconomic indicators on the fortified yeast market is analyzed. The processing overview and technological advancements in the fortified yeast market is also provided.
Profit margins at each level of the fortified yeast market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the fortified yeast market are explained in this chapter. Opportunities and ongoing trends in the fortified yeast market are also comprehensively discussed.
This chapter includes detailed analysis of the historical fortified yeast market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019–2029).
Based on Nature, the Fortified Yeast market is segmented into organic and conventional. This section also offers market attractiveness analysis based on nature.
Based on form, the fortified yeast market is segmented into powder, flakes, tablet, and capsules. This section also offers market attractiveness analysis based on form.
This chapter provides details about the fortified yeast market on the basis of application, and has been classified into food & beverages, dietary supplements, personal care, and other applications. Food & beverages is further classified into bakery & confectionery, beverages, soups sauces & seasonings, and functional foods. In this chapter, readers can understand market attractive analysis based on application.
This chapter provides details about the fortified yeast market on the basis of distribution channel, and has been classified into B2B and B2C. B2C is further segmented into modern trade, specialty stores, convenience store, online retail, and other sales channel. In this chapter, readers can understand market attractive analysis based on distribution channel.
This chapter explains how the Fortified Yeast market is anticipated to grow across Europe, Asia Pacific Excluding China, China, and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the fortified yeast market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the fortified yeast market in the Latin America region. This chapter also includes growth prospects of the fortified yeast market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the fortified yeast market based on its application in several countries such as Germany, France, U.K., Spain, Italy, Switzerland, BENELUX, and Rest of Western Europe are included in this chapter.
Important growth prospects of the fortified yeast market based on its application in several countries such as Denmark, Sweden, Norway, Russia, Poland, and rest of North & Eastern Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the fortified yeast market in the Asia Pacific Excluding China region, along with a country-wise assessment that includes, Japan, India, Australia & New Zealand, ASEAN, South Korea and Rest of APEC. Readers can also find regional trends, regulations, and market growth based on applications and countries in the APEC region.
This chapter offers insights into how the fortified yeast market is expected to grow in China, along with different segments of the market during the forecast period of 2019-2029.
This chapter offers insights into how the fortified yeast market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, and the Rest of MEA, during the forecast period 2019-2029.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the fortified yeast market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the fortified yeast market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Angel Yeast Company Ltd., Alltech, Lallemand Inc., Lesaffre, Cypress Ingredients, Bioforce Canada Inc., Bob's Red Mill Natural Foods, NOW Foods, Kadac Pty Ltd., Quantum Nutrition Labs and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the fortified yeast report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the fortified yeast market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits