Newly released data from revivable yeast market analysis by Future Market Insights shows that global consumption of revivable yeast enjoyed a year-on-year (YOY) growth of 9% in 2022 to total sales of US$ 36.3 Mn. During the forecast period, the global revivable yeast market would observe a CAGR of ~10% accounting for projected sales of US$ ~100 Mn in 2032.
The revivable yeast market is expected to witness high growth in the forecast period. Consumer interest in product quality and safety is among key trends prevalent in developed countries, especially in Europe and North America. Consumers are curious about the accountability of providers of different raw materials used in food products.
Various chemicals and additives are used in the food products which can cause food poisoning and multiple allergies due to which consumers prefer natural, organic and gluten-free food products. Health awareness is increasing among the consumers due to which they are inclining towards gluten-free, fat-free, sugar-free and salt-free but high energy food products.
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The availability of the revivable yeast based products is increasing in the modern trade, convenience stores and online retail. Due to the increasing availability of revivable yeast the usage of revivable yeast as ingredient is rising globally. Due to high nutritional properties the consumption of revivable yeast is increasing by health-conscious consumers.
Some of the most renowned manufacturers of revivable yeast in the market are located in the developed countries from North America and Europe. Leading brands are sold via traditional store-based retailing in these countries, and are easily available to consumers.
Instagram and Twitter are among social media websites that are creating a positive perception about revivable yeast products. Food influencers are posting new recipes that use revivable yeast and promoting other products related to revivable yeast such as inactive dried yeast. As revivable yeast, which has an amazing revitalizing and rejuvenating effect on the skin and nail, it is gaining attention from consumers on social networking sites. Increasing usage of smart phones and other smart electronic gadgets influences the consumers in the developed regions and creates awareness of benefits of using revivable yeast for skin care and nail care.
REVIVABLE YEAST MARKET TAXONOMY
The global revivable yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Nature
- Organic
- Conventional
Form
- Powder
- Tablet
- Capsule
Sales Channel
- B2B
- B2C
- Modern Trade
- Specialty Store
- Convenience Store
- Online Retail
- Other Sales Channel
Region
- North America
- Latin America
- Western Europe
- North & Eastern Europe
- APEC
- China
- Middle East & Africa
Who is winning?
Few of the leading players operating in the revivable yeast market are Quantum Nutrition Labs, Alltech, Kadac Pty Ltd., Lallemand Inc., Bob’s Red Mill Natural Foods, Lesaffre, Bioforce Canada Inc., Angel Yeast Company Ltd., NOW Foods, Cypress Ingredients, and others.
Multiple leading manufacturers of revivable yeast are focusing on mergers and acquisition to expand its geographical presence. Leading players acquiring small size companies of revivable yeast to strengthen their product portfolio.
- In 2016, acquired Lage y Cía acquired by Lallemand Inc. The objective of the acquisition was to improve the geographical reach and strengthen its research and development activities related to yeast products.
- In 2018, Alltech’s yeast extract facility in Serbia is acquired by Lesaffre. Lesaffre acquired Alltech’s to increase its production capacity of nutritional and health products.
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Significant Contributions of the Report
- Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
- Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
- Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
- Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
- Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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