Nutritional Yeast Market By Product Type (Inactive Dry Yeast, Fortified Yeast, Revivable Yeast), By Nature (Organic, Conventional), By Form (Powder, Flakes, Tablets, Capsules), By Application, By Sales Channel, By Region
The global nutritional yeast market size reached a valuation of US$ 428.1 million in 2022. Further, with rising consumer inclination towards healthy food products, the overall nutritional yeast sales are slated to rise at a robust CAGR of 8.8% between 2022 and 2032, totaling around US$ 999.5 million by the end of 2032.
Nutritional yeast is an inactivated yeast usually made from saccharomyces cerevisiae. It is a rich source of plant-based proteins, minerals and vitamins. Hence, it has become an ideal food additive used for improving the flavor and nutritional properties of food products.
For more insights into the Market, Get A Sample of this Report!:
https://www.factmr.com/connectus/sample?flag=S&rep_id=718
Growing consumer inclination towards plant-based foods along with rising awareness about the health benefits of nutritional yeast is expected to boost the growth of nutritional yeast market during the forecast period.
Nutritional yeast comes in both fortified and unfortified varieties and has gained immense traction across the food industry due to its fat-free, gluten-free, low calories, and sugar-free nature.
Various studies have indicated that nutritional yeast can offer several potential health benefits, ranging from lower cholesterol to protein from cellular damage. Thus, increasing prevalence of various diseases and rising focus on health and fitness will push the demand for nutritional yeast during the forthcoming years.
Similarly, rising adoption of nutritional yeast personal care and animal feed products will further expand the global nutritional yeast market size during the assessment period.
Demand is particularly rising for organic nutritional yeast due to changing consumer preference for organic food products. Fact.MR predicts the organic nutritional yeast segment to exhibit strong growth during the forecast period.
Regionally, Europe will continue to dominate the global nutritional yeast market, accounting for a share of 35% in 2022. Demand in Europe nutritional yeast market is driven by rising consumer inclination towards vegan and plant-based foods, high levels of health awareness among European people, and increasing consumption of bakery and confectionery products.
Key Takeaways:
Growth Drivers:
Competitive Landscape:
Leading nutritional yeast manufacturers are constantly focusing on expanding their product portfolios by introducing new nutritional yeast products with different flavors.
For instance,
Key Companies Profiled by Fact.MR
More Valuable Insights on Nutritional Yeast Market
In the latest study, Fact.MR offers a 360-degree view of the global nutritional yeast market for the forecast period of 2022 to 2032. The report also highlights key factors such as recent developments and growth drivers influencing sales in the nutritional yeast market through detailed segmentation as follows:
Product Type:
Nature:
Form:
Application:
Sales Channel:
Region:
Key Questions Covered in the Nutritional Yeast Market Report
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=718
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year.
Jun 23, 2023