The nutritional yeast market was experiencing significant growth and popularity worldwide, driven by the increasing demand for plant-based and vegan food products. Nutritional yeast is a deactivated yeast, often a strain of Saccharomyces cerevisiae, which is rich in vitamins, minerals, and protein. It is commonly used as a flavor enhancer in various dishes, providing a cheesy and nutty taste.
The global nutritional yeast market is expected to reach USD 483.4 Million million in 2032 and grow at a CAGR of more than 14.0% from 2022 to 2032.
Nutritional yeast market witnesses high demand as a result of changing consumer preferences with regard to their choice of food. In the last few years, consumers have become more selective about their food choices showing an inclination for healthier, better quality food and ecological food products. To maintain a healthy lifestyle, they are following a proper diet. As a result, the demand for gluten-free, organic, and salt-free products is rising in comparison to traditional full-course meals. Nutritional yeast is gluten-free and salt-free. It is also a rich source of proteins, minerals, and vitamins due to which its demand is growing rapidly among the health-conscious, vegan, and aged population. The nutritional yeast market is projected to rise at a CAGR of ~14 between 2019 and 2029, Future Market Insights foresees stable growth for the market.
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Key Takeaways from the Nutritional Yeast Market Study
- Governmental and para-governmental authorities in collaboration with prominent manufacturers in the nutritional yeast market are conducting extensive research and development activities to aid sustainable development. Global research and development spending has reached a record of US$ 1.7 trillion, out of which 80% is accounted by 10 countries. The United States, Germany, Canada, Japan, China, France, India, and the United Kingdom are some of the countries with high research and development spending. For instance, Lallemand research and development has launched an innovative strain of yeast YANG, derived from the association of two different strains of yeast, S. cerevisiae and C. jadinii, in specific fractions. This innovative strain is used as an animal feed ingredient to enhance immune response.
- Inactive dried nutritional yeast can be used as an effective ingredient in animal feed to boost nutritional content. Ready availability of inactive dried nutritional yeast and the growing awareness regarding the benefits of inactive dried nutritional yeast as an animal feed ingredient support growth of the global nutritional yeast market.
- Consumers perceive organic products as safer and healthier when compared to traditionally and conventionally manufactured products. This encourages manufacturers to expand their product portfolio to include certified organic offerings, which is anticipated to help them strengthen their market positions. Production of organic nutritional yeast requires use of organic molasses, organic grains, and plant-derived ingredients as a source of sugar, nitrogen, and other key ingredients. While organically produced nutritional yeast occupies a niche percentile in the current global market scenario, demand for these products is expected to grow, attributable to increasing market penetration in Europe and North America, where the organic trend is gaining significant momentum.
Social media sites such as Instagram and Twitter are creating a favourable perception about nutritional yeast products. Food bloggers are sharing new recipes using nutritional yeast. As nutritional yeast has a cheesy taste and is both a vegan and gluten-free ingredient, it is gaining traction among consumers on social networking sites. Rapidly increasing use of smart phones and smart gadgets in untapped areas influences consumers in these regions subsequently creating awareness about benefits of using nutritional yeast in food preparation. The demand for gluten-free food products is rising in the global food and beverages market, which is attributable to rising prevalence of celiac disease on a global scale. The consumption of organic, salt-free, vegan and plant-based protein products is increasing across the globe. The use of inactive dried nutritional yeast is increasing in animal feed. As a result of these factors, the demand for nutritional yeast is increasing rapidly.
“The increasing application of nutritional yeast in various segment such as food & beverage, dietary supplements, animal feed, and personal care drives the market. Increasing focus on animal welfare has spurred vegan population. This in turn drives the nutritional yeast market,” says an FMI analyst.
Who is winning?
Some of the key players operating in the nutritional yeast market are Angel Yeast Company Ltd., Alltech, Lallemand Inc., Lesaffre, Cypress Ingredients, Bioforce Canada Inc., Bob’s Red Mill Natural Foods, NOW Foods, Kadac Pty Ltd., Quantum Nutrition Labs and others.
Several leading players in nutritional yeast market are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain a competitive advantage.
- In 2016, Lallemand Inc. acquired Lage y Cía. The newly-acquired company will be included in Lallemand Plant Care, the company’s business unit focused on the use of yeasts, bacteria and fungi as biocontrol, biostimulant and biofertilizer agents in agriculture, horticulture, and forestry. The aim behind the acquisition was to expand the business footprints in Latin America, to increase the production capacity and bolster its research and development activities.
- In 2018, Lesaffre acquired Alltech’s yeast extract facility in Serbia. The aim behind the acquisition was to strengthen the Lesaffre presence in the nutrition and health market and to increase the production capacity.
Get Valuable Insights into Nutritional Yeast Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global nutritional yeast market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the nutritional yeast market based on the product type (inactive dry yeast, fortified yeast and revivable yeast), nature (organic and conventional), form (powder, flakes, tablet, capsules), applications (food & beverages, dietary supplements, personal care, animal feed and other applications), sales channel (B2B and B2C) across seven major regions.
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The global nutritional yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Inactive Dry Yeast
- Fortified Yeast
- Revivable Yeast
Nature
- Organic
- Conventional
Form
- Powder
- Flakes
- Tablet
- Capsule
Application
- Food & Beverage
- Bakery & Confectionery
- Beverages
- Soups, Sauces & Seasonings
- Functional Foods
- Dietary Supplements
- Personal Care
- Animal Feed
- Other Applications
Sales Channel
- B2B
- B2C
- Modern Trade
- Specialty Store
- Convenience Store
- Online Retail
- Other Sales Channel
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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