The size of the global vitamin yeast market is projected to increase from USD 66.7 million in 2024 to USD 148.0 million by 2034. Vitamin yeast sales are anticipated to grow at a promising 8.3% over the next ten years.
Key Trends Popularising the Consumption of Vitamin Yeast in the Market
The food industry and dietary supplements extensively utilize yeast as a valuable source of essential nutrients, especially B vitamins, because it is a type of fungus. The nutritional appeal of yeast is enhanced by its protein and mineral content, among other vitamins.
Yeast-based vitamins serve as a dietary supplement for those looking to fulfill their daily nutritional needs. These vitamins, specifically B vitamins, are essential for maintaining energy metabolism, neurological functions, and overall health.
Many individuals who follow plant-based diets find yeast supplements, which often contain fortified vitamin B12, to be a convenient way to obtain this important nutrient typically found in animal products. The increasing focus on comprehensive well-being has led to an uptick in incorporating nutritional yeast into daily recipes.
Attributes | Key Insights |
---|---|
Estimated Global Vitamin Yeast Market Size (2024E) | USD 66.7 million |
Projected Vitamin Yeast Market Value (2034F) | USD 148.0 million |
Value-based CAGR (2024 to 2034) | 8.3% |
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According to a recent market analysis, vitamin yeast sales grew at a rate of 7.7% from 2019 to 2024. For the next ten years, the market for vitamin yeast is estimated at 8.3% CAGR.
Some common factors that are expected to remain instrumental in the growth of vitamin yeast over the next decade as well are as follows:
North America and the Asia Pacific are the notable markets for vitamin yeast. Several governments are coming up with promising initiatives and giving the needed support to raise the market value of vitamin yeast across these regions.
Country-wise Insights
Countries | CAGR |
---|---|
United States | 5.7% |
United Kingdom | 4.2% |
China | 8.3% |
India | 6.9% |
Japan | 5.9% |
The surging demand for the vitamin yeast market in the United States can be attributed to the prevailing health and wellness trends.
The consumption of vitamin yeast in the United Kingdom is projected to register a CAGR of 4.2% through 2034. Key factors that are instrumental in the market’s growth are as follows:
The vitamin yeast industry is poised to exhibit a CAGR of 8.3% during the forecast period. For the present year, 2024, the market value of vitamin yeast is assessed to reach USD 66.7 million.
Revenue generated from the sales of vitamin yeast in India is projected to surge at a CAGR of 6.9% over the forecast period. The following factors shed a bright light on current market dynamics:
The manufacturers of vitamin yeast operating in Japan are expected to benefit from the market expansion at a CAGR of 5.9% through 2034. The top factors that push sales of vitamin yeast in Japan are:
Single vitamin yeast products are preferred over other yeast types due to their ability to provide targeted nutritional content. These products are specifically formed to contain higher concentrations of a particular vitamin, to meet demand of nutritional supplementation.
The demand for vitamin yeast in the food and beverages is increasing due to its capability to enhance nutritional profiles in the variety of products.
Vitamin Yeast is a widely used component in a wide range of products, including food goods, cosmetics, and animal feed. Therefore, numerous producers and new companies are investing in the vitamin yeast market. While some of these companies specialize in the cultivation and processing of vitamin yeast, others create novel products that benefit from their unique properties.
Due to this, a variety of vitamin yeast-based products, including snacks and skin care products, have been announced to the market. Leading producers are also investing in products based on vitamin yeast to meet the rising demand for plant-based alternatives.
Market Research by FMI Analysts Spotlights Vitamin Yeast Industry Innovation
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The vitamin yeast market is estimated to reach a valuation of about USD 66.7 million in 2024.
The global vitamin yeast market value is projected to reach USD 148.0 million by 2034.
Global vitamin yeast demand is expected to increase at a CAGR of around 8.3% through 2034.
North America is expected to have a share of 21.4% by the end of 2034.
The market for vitamin yeast registered a CAGR of 7.7% from 2019 to 2023.
1. Executive Summary 1.1. Global Yeast Vitamin Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Background 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends by Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 4. Global Yeast Vitamin Market - Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer Level Pricing 4.1.2. Distributor Level Pricing 4.2. Price Point Assessment by Vitamin Composition 4.3. Price Forecast till 2033 5. Value Chain Analysis 5.1. Operating margins at each node of supply chain 5.2. List of Active Market Participants 6. Global Yeast Vitamin Market Size in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Yeast Vitamin Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Vitamin Composition 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Vitamin Composition, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Vitamin Composition, 2024 to 2034 7.3.1. Single Vitamin Yeast Products 7.3.2. Multivitamin Yeast Products 7.4. Market Attractiveness Analysis by Vitamin Composition 8. Global Yeast Vitamin Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Claim 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Product Claim, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Product Claim, 2024 to 2034 8.3.1. Organic 8.3.2. NON GMO 8.3.3. Gluten - Free 8.3.4. Other 8.4. Market Attractiveness Analysis by Product Claim 9. Global Yeast Vitamin Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Application, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Application, 2024 to 2034 9.3.1. Food & Beverages 9.3.2. Dietary Supplements 9.3.3. Pharmaceuticals 9.3.4. Others (Aquaculture, Sports Nutrition) 9.4. Market Attractiveness Analysis by Application 10. Global Yeast Vitamin Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size in Value (US$ million) and Volume (MT) Analysis by Region, 2019 to 2023 10.3. Current Market Size in Value (US$ million) and Volume (MT) Analysis and Forecast by Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis by Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 11.3.1. by Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. by Vitamin Composition 11.3.3. by Product Claim 11.3.4. by Application 11.4. Market Attractiveness Analysis 11.4.1. by Country 11.4.2. by Vitamin Composition 11.4.3. by Product Claim 11.4.4. by Application 11.5. Key takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume (MT) Forecast by Market Taxonomy, 2024 to 2034 12.3.1. by Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. by Vitamin Composition 12.3.3. by Product Claim 12.3.4. by Application 12.4. Market Attractiveness Analysis 12.4.1. by Country 12.4.2. by Vitamin Composition 12.4.3. by Product Claim 12.4.4. by Application 12.5. Key takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 13.3.1. by Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. by Vitamin Composition 13.3.3. by Product Claim 13.3.4. by Application 13.4. Market Attractiveness Analysis 13.4.1. by Country 13.4.2. by Vitamin Composition 13.4.3. by Product Claim 13.4.4. by Application 13.5. Key takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 14.3.1. by Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. by Vitamin Composition 14.3.3. by Product Claim 14.3.4. by Application 14.4. Market Attractiveness Analysis 14.4.1. by Country 14.4.2. by Vitamin Composition 14.4.3. by Product Claim 14.4.4. by Application 14.5. Key takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 15.3.1. by Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Vietnam 15.3.1.6. Philippines 15.3.1.7. Singapore 15.3.1.8. Rest of South Asia 15.3.2. by Vitamin Composition 15.3.3. by Product Claim 15.3.4. by Application 15.4. Market Attractiveness Analysis 15.4.1. by Country 15.4.2. by Vitamin Composition 15.4.3. by Product Claim 15.4.4. by Application 15.5. Key takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 16.3.1. by Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. by Vitamin Composition 16.3.3. by Product Claim 16.3.4. by Application 16.4. Market Attractiveness Analysis 16.4.1. by Country 16.4.2. by Vitamin Composition 16.4.3. by Product Claim 16.4.4. by Application 16.5. Key takeaways 17. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume(MT) Trend Analysis by Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume(MT) Forecast by Market Taxonomy, 2024 to 2034 17.3.1. by Country 17.3.1.1. GCC Countries 17.3.1.2. Turkeye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of MEA 17.3.2. by Vitamin Composition 17.3.3. by Product Claim 17.3.4. by Application 17.4. Market Attractiveness Analysis 17.4.1. by Country 17.4.2. by Vitamin Composition 17.4.3. by Product Claim 17.4.4. by Application 17.5. Key takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. by Vitamin Composition 18.1.2. by Product Claim 18.1.3. by Application 18.2. Canada Market Analysis 18.2.1. by Vitamin Composition 18.2.2. by Product Claim 18.2.3. by Application 18.3. Brazil Market Analysis 18.3.1. by Vitamin Composition 18.3.2. by Product Claim 18.3.3. by Application 18.4. Mexico Market Analysis 18.4.1. by Vitamin Composition 18.4.2. by Product Claim 18.4.3. by Application 18.5. Argentina Market Analysis 18.5.1. by Vitamin Composition 18.5.2. by Product Claim 18.5.3. by Application 18.6. Germany Market Analysis 18.6.1. by Vitamin Composition 18.6.2. by Product Claim 18.6.3. by Application 18.7. United Kingdom Market Analysis 18.7.1. by Vitamin Composition 18.7.2. by Product Claim 18.7.3. by Application 18.8. France Market Analysis 18.8.1. by Vitamin Composition 18.8.2. by Product Claim 18.8.3. by Application 18.9. Italy Market Analysis 18.9.1. by Vitamin Composition 18.9.2. by Product Claim 18.9.3. by Application 18.10. Spain Market Analysis 18.10.1. by Vitamin Composition 18.10.2. by Product Claim 18.10.3. by Application 18.11. BENELUX Market Analysis 18.11.1. by Vitamin Composition 18.11.2. by Product Claim 18.11.3. by Application 18.12. Nordic Market Analysis 18.12.1. by Vitamin Composition 18.12.2. by Product Claim 18.12.3. by Application 18.13. Russia Region Market Analysis 18.13.1. by Vitamin Composition 18.13.2. by Product Claim 18.13.3. by Application 18.14. Poland Market Analysis 18.14.1. by Vitamin Composition 18.14.2. by Product Claim 18.14.3. by Application 18.15. China Market Analysis 18.15.1. by Vitamin Composition 18.15.2. by Product Claim 18.15.3. by Application 18.16. Japan Market Analysis 18.16.1. by Vitamin Composition 18.16.2. by Product Claim 18.16.3. by Application 18.17. South Korea Market Analysis 18.17.1. by Vitamin Composition 18.17.2. by Product Claim 18.17.3. by Application 18.18. India Market Analysis 18.18.1. by Vitamin Composition 18.18.2. by Product Claim 18.18.3. by Application 18.19. Thailand Market Analysis 18.19.1. by Vitamin Composition 18.19.2. by Product Claim 18.19.3. by Application 18.20. Malaysia Market Analysis 18.20.1. by Vitamin Composition 18.20.2. by Product Claim 18.20.3. by Application 18.21. Indonesia Market Analysis 18.21.1. by Vitamin Composition 18.21.2. by Product Claim 18.21.3. by Application 18.22. Vietnam Market Analysis 18.22.1. by Vitamin Composition 18.22.2. by Product Claim 18.22.3. by Application 18.23. Philippines Market Analysis 18.23.1. by Vitamin Composition 18.23.2. by Product Claim 18.23.3. by Application 18.24. Singapore Market Analysis 18.24.1. by Vitamin Composition 18.24.2. by Product Claim 18.24.3. by Application 18.25. Australia Market Analysis 18.25.1. by Vitamin Composition 18.25.2. by Product Claim 18.25.3. by Application 18.26. New Zealand Market Analysis 18.26.1. by Vitamin Composition 18.26.2. by Product Claim 18.26.3. by Application 18.27. GCC Countries Market Analysis 18.27.1. by Vitamin Composition 18.27.2. by Product Claim 18.27.3. by Application 18.28. Turkey Market Analysis 18.28.1. by Vitamin Composition 18.28.2. by Product Claim 18.28.3. by Application 18.29. Egypt Market Analysis 18.29.1. by Vitamin Composition 18.29.2. by Product Claim 18.29.3. by Application 18.30. South Africa Market Analysis 18.30.1. by Vitamin Composition 18.30.2. by Product Claim 18.30.3. by Application 19. Market Structure Analysis 19.1. Global Market Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 market players 19.2.2. % tier 2 market players 19.2.3. % tier 3 market players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2024 19.3.2. Company Market Share Analysis of Top 5 Players, by Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Now Foods 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments (Product/Channel/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Product Strategy 20.3.1.5.3. Channel Strategy 20.3.1.6. SWOT Analysis 20.3.2. Amway 20.3.3. Urban Platter 20.3.4. Bragg 20.3.5. Desire 20.3.6. Sharrets Nutrition 20.3.7. Namo Organics 21. Assumption & Acronyms 22. Research Methodology
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