According to Future Market Insights research, during the projected forecast period, the Yeast Flakes market is expected to grow at a CAGR of 5.2%. The market value projected to increase is from USD 707.6 Million in 2022 to USD 1,174.8 Million by 2032. The Yeast Flakes market was valued at USD 675.2 Million at the end of 2021 and is expected to exhibit Y-o-Y growth of 4.8% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 707.6 Million |
| Market Forecast Value in 2032 | USD 1,174.8 Million |
| Global Growth Rate (2022 to 2032) | 5.2% CAGR |
| Forecast Period | 2022 to 2032 |
| The USA market share of Yeast Flakes | 33.1% |
Flakes of yeast are an inactive kind of organism and lack leavening ability. Yeast flakes can be eaten straight up rather than being used in baking. For vegans, yeast flakes have become a well-known cheese alternative.
The popularity of veganism and the vegetarian diet is growing, which is popularizing yeast flakes and driving up demand for them on the global market. The fact that yeast flakes have a variety of uses is another factor contributing to the increase in demand for this product.
In the Historical outlook of the Yeast Flakes market, the value increased from USD 559.7 Million in 2017 to USD 675.2 Million in 2021. The CAGR (2017 to 2021) is observed to be 4.8%.
One of the key factors propelling the growth of the global yeast flakes market is the increase in consumer health consciousness and the associated health advantages of yeast flakes. The demand for meat-free goods and vegetable proteins has increased due to greater awareness of animal-related diseases like swine flu and avian flu, which is anticipated to improve the growth prospects of the global market for yeast flakes.
For the Future projection of the Yeast Flakes market, the value increased from USD 707.6 Million in 2022 to USD 1,174.8 Million in 2032. The CAGR (2022 to 2032) is estimated to be 5.2%.
The market for yeast flakes is dominated by North America. Sales are fueled by the expanding veganism trend, which contributes to the rising demand for yeast flakes in this area. Another important element driving up demand for yeast flakes in the North American region is the desire of Americans to replace their diets meat with any meat-free alternatives.
The US contributes 33.1% of the total revenue for the Yeast Flakes Market.
Yeast flakes are an incredibly versatile ingredient that can be used in a wide variety of applications, from baking and brewing to animal feed and biofuel production.
With the European market for yeast flakes expected to grow significantly in the coming years, now is the time to invest in this versatile ingredient.
Germany contributes 22.2% to the Yeast Flakes market and UK CAGR for the forecast period is 5.6%.
Yeast flakes are a type of dried yeast that is rich in vitamins, minerals, and protein. They are used as dietary supplements and as an ingredient in various food products. The Asia Pacific region is the largest market for yeast flakes, followed by North America and Europe.
The rising demand for vegan and vegetarian food products is one of the major factors driving the growth of the yeast flakes market in the Asia Pacific region. The increasing health consciousness among consumers and the growing preference for natural ingredients are also contributing to market growth.
Japan's contribution to the Yeast Flakes market is 6% of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in the Yeast Flakes market are 3.8% and 4.7% respectively.
Yeast flakes are rich in vitamins, minerals, and amino acids, which makes them an excellent source of nutrition. They are also a good source of dietary fiber. The health benefits associated with yeast flakes are driving their demand in the Latin American region.
The rising number of health-conscious consumers in the region is another major factor driving the growth of the yeast flakes market. In addition, the growing popularity of veganism is also boosting the demand for yeast flakes as they are a vegan-friendly food product.
However, the high cost of yeast flakes is restraining the growth of the market to some extent. In addition, the lack of awareness about yeast flakes among consumers is another challenge faced by market players.
From the Oceania region, Australia is contributing 2.8% of the total revenue of the Yeast Flakes market.
The major drivers for the growth of the yeast flakes market in Australia are the growing demand for convenience food and the changing lifestyle of consumers. The health benefits associated with yeast flakes are also driving the growth of this market. However, the high cost of yeast flakes is restraining the growth of this market.
Yeast flakes are made from Saccharomyces cerevisiae, a type of yeast that is often used in baking and brewing. The yeast is first grown on molasses or sugarcane, and then it is dried and flaked. Yeast flakes are a source of vitamins, minerals, amino acids, and antioxidants.
Yeast flakes are a good source of B vitamins and minerals, and they can be added to a variety of foods. Here are some of the benefits of yeast flakes:
Yeast flakes' nutritional richness can help a person feel more energized, strengthen his immune system, and benefit from other health advantages. Yeast flakes, which provide the necessary quantity of B12, which is typically insufficient in a vegan diet, are used by many vegans.
Customers are drawn to yeast flake because of its mild flavor, which imparts a very little cheesy flavor to the food. Additionally, yeast flakes can be utilized in a variety of ways, including as spicy seasonings and milk flavors to improve the flavor of meals. Yeast flakes have few calories when compared to other types of cheese.
One of the key factors propelling the growth of the global yeast flakes market is the increase in consumer health consciousness and the associated health advantages of yeast flakes. The demand for meat-free goods and vegetable proteins has increased due to greater awareness of animal-related diseases like swine flu and avian flu, which is anticipated to improve the growth prospects of the global market for yeast flakes.
People who have food allergies, as well as those who are lactose and gluten intolerant, can benefit from taking yeast flake as a supplement. The market for yeast flakes is expanding due to the surge in demand for products that are free of gluten. In addition, the growing popularity of vegetarian and vegan lifestyles, which is a result of growing health awareness, further stimulates market expansion.
Major players in the yeast flakes market are consistently working on product development and expanding the range of applications for the product as food additives and ingredients. Over the course of the projected period, market participants should gain a competitive advantage due to high Research and Development expenditure, technology development capabilities, and positive customer relationships.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA); RoW |
| Key Countries Covered | The USA, Canada, Germany, The UK, France, Russia, Brazil, Argentina, Japan, Australia, China, India |
| Key Segments Covered | Nature, Flavor, Application, Sales Channel, Region |
| Key Companies Profiled | Bragg Premium; Pacific Ethanol, Inc.; Sanitarium Health & Wellbeing Company; Lesaffre; Urban Platter Angel Yeast Co. Ltd.; Lallemand Inc.; Lesaffre Group; Archer Daniels Midland Company; AB Mauri; CSM Bakery Solutions; Biomin; Urban Platter Angel Yeast Co. Ltd.; Ohly; Bob’s Red Mill Natural Foods; Simply organic among others |
| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Yeast Flakes market will reach a valuation of USD 707.6 Million by the end of 2022.
The US Yeast Flakes Market is contributing 33.1% of the total market share which is valued at around USD 234.2 Million.
The US, Canada, Germany, the UK, France, Italy, Russia, China, Japan, India, and Australia are the major countries driving demand for Yeast Flakes Market.
The Germany Yeast Flakes Market is contributing 22.2% of the total market share which values at USD 157.1 Million.
• Bragg Premium • Pacific Ethanol, Inc. • Sanitarium Health & Wellbeing Company • Lesaffre • Urban Platter Angel Yeast Co. Ltd. Above are the top 5 market players in the Yeast Flakes industry.
The Japan Yeast Flakes market contribution is 6% of the total market share.
The India Yeast Flakes market will grow at 3.8% CAGR between 2022 and 2032.
The global Yeast Flakes market is forecasted to surpass USD 1,174.8 Million by the end of 2032.
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Yeast Flakes Market
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