Conventional Inactive Dried Yeast Holds Major Share of 96.9%
Conventional inactive dried yeast is expected to hold about 96.9% share in the global inactive dried yeast market. Its easy availability and rising demand in the animal feed industry are supporting expansion of the conventional inactive dried yeast segment in the global market.
Whereas, organic inactive dried yeast is anticipated to show a higher rate of growth over the forecast period. The rising demand for healthy and natural food subsequently fuels the demand for organic food in the food and beverage industry.
Latin America Market Exhibits High Growth Owing to Rising Demand for Natural and Healthy Food
Latin America is expected to exhibit the highest CAGR in the global inactive dried yeast market. The ever-rising consumption of plant-based protein by consumers will increase the demand for inactive dried yeast in the region. Meanwhile, Western Europe dominates the inactive dried yeast market in terms of consumption.
Plant-based food additives are in high demand since consumers have become more health-conscious. Also, Asia Pacific is expected to offer lucrative growth opportunities for manufacturers of inactive dried yeast over the forecast period. Owing to health concerns and increasing western influence, consumers in Asia-Pacific are showing preference for inactive dried yeast products. This will subsequently boost the demand for high-quality feed for animals.
Increasing Demand from Animal Feed Industry to Support Growth
In the coming years, the inactive dried yeast market will witness high sales opportunities, spurred by the increasing demand from the animal feed industry. Adding inactive dried yeast improves the palatability of animal feed, in turn stimulating feed intake. Besides this, it improves immunity system and performance of livestock. Knowledge about these benefits, will boost sales of inactive dried yeast in the coming years.
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How Growth will Unfold
The animal feed industry is becoming increasingly competitive as products with improved functionalities are entering the market. The use of inactive dried brewer’s yeast as an ingredient enhances nutritional content and palatability in animal feed. High palatability of feed as a result of the addition of inactive dried yeast stimulates feed intake.
The addition of inactive dried yeast also improves immune systems and the performance of livestock. According to the United Nation’s FAO, the demand for food will grow by 60% by 2050, which implies promising opportunities for manufacturers of inactive dried yeast in the animal feed and animal feed ingredients industry in the foreseeable future.
FREQUENTLY ASKED QUESTIONS ABOUT INACTIVE DRIED YEAST MARKET
Which segment of inactive dried yeast on the basis of nature is witnessing higher growth opportunities?
Dominant share of inactive dried yeast market is held by the conventional segment. Conventional inactive dried yeast is lower in cost than organic inactive dried yeast. However, organic inactive dried yeast shows a high growth rate over the growth of conventional inactive dried yeast.
What factors are aiding growth in the inactive dried yeast market?
Social media sites such as Instagram and Twitter are helping in creating favorable perception about inactive dried yeast products. Food bloggers are sharing new recipes that use different nutritional yeast and promoting other products, such as inactive dried yeast and revivable yeast. This is expected to increase the demand for inactive dried yeast in the retail sector.
Which region will lead global sales in the inactive dried yeast market?
Western Europe remains the largest shareholder in the global inactive dried yeast market. Germany has emerged as a dominant country in the inactive dried yeast market in terms of consumption. However, Latin America is expected to show higher growth over the coming years.
Which form of inactive dried yeast will record the highest sales in the next five years?
While the powder form of inactive dried yeast continues to influence growth strategies with the leading market share, the increasing demand for natural plant-based ingredient in the food and beverage industry will result in increased market share food and beverage industry in application. Additionally, capsule form is expected to gain traction over the coming years.
Which application segment offers the most lucrative growth opportunities for market players?
Inactive dried yeast is majorly used in the food and beverage industry due to its multiple usages in different food products such as bakery, beverages, soups, sauces, and seasoning confectionary and functional food. It is also used in dietary supplement and animal feed industry as an additive.
INACTIVE DRIED YEAST MARKET TAXONOMY
The global inactive dried yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Modern Trade
- Specialty Store
- Convenience Store
- Online Retail
- Other Sales Channels
- Food & Beverage
- Bakery & Confectionery
- Soups, Sauces, & Seasonings
- Functional Foods
- Dietary Supplements
- North America
- Latin America
- Western Europe
- North & Eastern Europe