Nutritional Yeast Market Value to Surpass US$ 1.5 Bn in 2029
Nutritional yeast is a natural and plant-based source of protein. It contains vitamins and minerals, which makes it a rich source of nutrition. Plant-based proteins are perceived healthier and more than meat-based counterparts, which is fuelling the demand for nutritional yeast vegan and flexitarians meals. This has encouraged manufacturers to introduce new plant-based protein products. Exhibiting an impressive CAGR of ~14%, the global nutritional yeast market will surpass US$ 1.5 Bn mark by 2029. This FMI study reveals that the market will grow at a steady pace during 2019 - 2029.
Frequently asked questions about global Nutritional Yeast market
Which application segment witnesses highest growth opportunities?
The food & beverage segment accounts for the maximum share in the nutritional yeast market. It is used as vegan meat and natural food flavor in food and beverages.
What is the critical trend influencing strategies adopted by manufacturers of nutritional yeast?
Veganism will be the most critical trend influencing production decisions of manufacturers. Manufacturers and retailers of nutritional yeast are marketing their products as vegan and meat substitutes to attract vegan consumers and improve their revenues.
What is the degree of competition in the nutritional yeast market?
Globally nutritional yeast is still at an introductory phase, therefore, more promotions and advertisements are required to spread awareness about its applications and health benefits. The nutritional yeast is widely used in food and beverage and dietary supplements. The vegan food products and plant-based proteins and ingredients markets are witnessing high growth rates due to which the demand for nutritional yeast is growing across the globe.
Which region will lead the global sales of nutritional yeast ?
Western Europe remains the largest shareholder in the nutritional yeast market. However, Asia Pacific is expected to show higher growth.
Food & Beverage Industry Accounts for About 40% Share
Due to the increasing awareness about healthy lifestyle and nutritious food, the food and beverage industry is expected to hold about 40% of the market revenue. Nutritional yeast has a nutty and cheesy flavor and is used widely in food and beverages. For instance, it is used as a meat substitute, salt replacer and non-GMO L-Cysteine replacer in bakery products, as well as in beverages, dairy products, and functional food. Demand for vegan meat, natural food flavor, and replacements for salt is on the rise. This is attributable to increasing health consciousness among consumers.
Developing Nations Offer Lucrative Growth Opportunities
Developed regional markets such as North America and Western Europe collectively contribute around 50% of the global market revenues. However, these regions will witness a slight decline in share held by them against the lucrative opportunities witnessed in developing nations such as China in Asia Pacific. Nutritional yeast is bought mainly for its nutritional benefits and additional gastrointestinal benefits. One in nine people in the world or nearly 800 million people cannot afford food to meet their basic nutritional requirements. The rate of nutritional deficiencies is relatively higher in developing nations. Therefore, manufacturers of nutritional yeast witnesses higher growth potential in developing countries.
Clean Label Trends Underpin Impressive Growth Opportunities
Clean labeling implies that ingredients used in a product and their origin are disclosed to consumers through product labels. This ensures safety of products. Consumers often demand high level of transparency, particularly regarding what they consume and where it is sourced from. This is attributable to the rising health consciousness witnessed around the world. Revivable yeast products such as yeast extracts and nutritional yeast are therefore witnessing high demand as they are free from chemicals and additives.
Inactive Dry Yeast holds leading revenue share
Fortified Yeast to showcase noteworthy CAGR
Conventional holds leading revenue share
Organic to showcase noteworthy CAGR
Powder holds leading revenue share
Capsule to showcase noteworthy CAGR
Food & Beverage holds leading revenue share
Personal Care to showcase noteworthy CAGR
How Growth will Unfold
Besides the food and beverages industry, nutritional yeast market is witnessing considerably high demand from animal feed, personal care, and other industries. For instance, Saccharomyces boulardii is effective in clinical studies and is the only yeast among probiotics that is bacteria. Various clinical studies have proven S. boulardii to be beneficial in the treatment of traveler’s diarrhea, ulcerative colitis, and inflammatory bowel diseases. Meanwhile, inactive dried nutritional yeast is used as an effective ingredient in animal feed. Other than this, the market is expected to witness surging demand for fortified yeast and revivable yeast in the coming years.
* 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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Nutritional Yeast Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the nutritional 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.
Nutritional Yeast Market Taxonomy
The global nutritional yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Inactive Dry Yeast
- Fortified Yeast
- Revivable Yeast
- Food & Beverage
- Bakery & Confectionery
- Soups, Sauces & Seasonings
- Functional Foods
- Dietary Supplements
- Personal Care
- Animal Feed
- Other Applications
- Modern Trade
- Specialty Store
- Convenience Store
- Online Retail
- Other Sales Channel
- North America
- Latin America
- Western Europe
- North & Eastern Europe
- Middle East & Africa
The executive summary of the nutritional yeast market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global nutritional yeast market.
Readers can find the detailed segmentation and definition of the nutritional yeast market in this chapter, which will help them understand basic information about the nutritional yeast market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the nutritional yeast market report.
The associated industry assessment of the nutritional yeast market is carried out in this section. The macroeconomic factors affecting growth of the nutritional yeast market are provided in this section and the impact of these macroeconomic indicators on the nutritional yeast market is analyzed. The processing overview and technological advancements in the nutritional yeast market is also provided.
Profit margins at each level of the nutritional 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 nutritional yeast market are explained in this chapter. Opportunities and ongoing trends in the nutritional yeast market are also comprehensively discussed.
This chapter includes detailed analysis of the historical nutritional 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 product type, the Nutritional yeast market is segmented into inactive dry yeast, fortified yeast and revivable yeast. This section also offers market attractiveness analysis based on product type.
Based on nature, the Nutritional yeast market is segmented into organic and conventional. This section also offers market attractiveness analysis based on nature.
Based on nature, the Nutritional 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 nutritional 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 nutritional 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 Nutritional 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 nutritional 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 nutritional yeast market in the Latin America region. This chapter also includes growth prospects of the nutritional yeast market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the nutritional 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 nutritional 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 nutritional 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 nutritional 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 nutritional 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 nutritional 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 nutritional 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 nutritional 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 nutritional 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