According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of Brewer Yeast Powder are estimated to reach a value of USD 4.4 Bn by 2032, surging at 6.6% CAGR through the decade.
Brewer’s yeast is used not only in the beverage and dietary supplement industries but is also an important ingredient in animal feeds. Because of its high antioxidant nutrients and vitamin B-complex content, brewer’s yeast is used to improve the liver, skin, and eyes of dogs and horses.
Because a high concentration of vitamin B reduces anxiety in dogs, it is used as an anti-anxiety and anti-depressant medication. Brewer’s yeast is widely used in all breweries, which contributes to its global demand. The expansion of social outlets has been a major driver of demand for brewer’s yeast in recent years.
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The growing popularity of alcoholic beverages among adolescents and millennials increases demand for brewer’s yeast. As a result of all of these factors, the global brewer’s yeast market is expected to increase in both value and volume during the forecast period.
Key Takeaways from Market Study
- North American demand for brewer’s yeast accounted for a large market share and is expected to grow significantly over the forecast period.
- Demand for poultry and other meat products is increasing in China as a result of the country’s growing population, increased urbanization, and increased export market demands.
- Demand for liquid yeast and other agro-industrial by-products is expected to rise as a result.
- The primary application areas in the brewer’s yeast market are feed supplements and food supplements.
- The Brewer Yeast Powder market is rapidly approaching pre-pandemic levels, and a healthy growth rate is expected over the forecast period, owing to the economic recovery in the majority of developing countries.
“Brewer’s yeast is used orally as a medicine to control blood glucose levels in diabetic patients because it contains chromium that promotes insulin, which controls blood glucose levels. Because of these favorable factors, the growth of the brewer’s yeast market is expected to remain positive during the forecast period,” says a lead analyst at Future Market Insights.
Competitive Landscape
The industry is highly competitive, with organizations engaging in a variety of strategic activities such as regular mergers, acquisitions, capital expansions, and strategic alliances. Established players are concentrating on increasing their market share while also focusing on increasing productivity through technological innovation.
- In 2017, Nutreco N.V. held the top market position.
Some of the key players in the Brewer Yeast Powder Market include Inland Island Yeast Laboratories, Lesaffre, Associated British Foods plc, Lallemand Inc., Angel Yeast Co. Ltd, AB Mauri Ltd, Laffort SA, Alltech Inc., Oriental Yeast Co. Ltd, Omega Yeast Labs.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of brewer yeast powder presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Brewer Yeast Powder Market By Category
By Type, Brewer Yeast Powder Market is Segmented as:
- Alcohol Dry Yeast
- Liquor Dry Yeast
- Wine Dry Yeast
- Rice Wine Dry Yeast
- Beer Dry Yeast
By Application, Brewer Yeast Powder Market is Segmented as:
- Brewing, Baking
- Feed
- Biological Research
- Medicine
By Region, Brewer Yeast Powder Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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