The nutritional yeast market surpassed USD 201. 4 million in 2022 and is expected to grow at over 14. 0% CAGR between 2022 and 2032.
The nutritional yeast market is experiencing high demand due to the conversion of customers’ personal tastes in relation to their food choices. In recent years, customers have become more selective in their food choices, with a trend towards healthier, higher quality food and organic food products. . To maintain a healthy lifestyle, they adhere to a proper diet. As a result, the demand for gluten-free, biological, and salt-free products is expanding compared to classic whole meals. Nutritional yeast is gluten-free and salt-free. It is also a rich source of protein, minerals and nutrients, thanks to which its demand is expanding among the elderly, vegan and health-conscious population. The nutritional yeast market is expected to grow at a CAGR of around 14 between 2019 and 2029. , Future Market Insights forecasts solid expansion for the market.
Key Takeaways from Nutritional Yeast Market Research
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Social media sites like Instagram and Twitter create a favorable belief in nutritional yeast products. Food bloggers account for percentages of new recipes based on nutritional yeast. Since nutritional yeast tastes like cheese and is a vegan and gluten-free ingredient, it is gaining traction among consumers. on social networking sites. The immediate expansion of the use of smartphones and smart devices in untapped spaces is influencing consumers in those regions and subsequently raising awareness about the benefits of nutritional yeast in food preparation. The demand for gluten-free food products is expanding in the global food and beverage market, which is due to the increasing prevalence of celiac disease globally. The intake of organic, unsalted, vegan and plant-based protein products is expanding worldwide. The use of inactive dry nutritional yeast is expanding in animal feed Because of those factors, the demand for nutritional yeast is expanding immediately.
“The expanding application of nutritional yeast in segments such as food and beverage, nutritional supplements, puppy food, and non-public care is driving the market. The expanding focus on animal welfare has boosted the vegan population. This in turn drives the nutritional yeast market,” says an IMF analyst.
Who wins?
Some of the key operations 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 Laboratories, and others.
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Several major players in the nutritional yeast market are getting smaller corporations to expand their footprint and product portfolio. In addition, the acquisition allows them to gain a competitive advantage.
Learn about the nutritional yeast market
Future Market Insights, in its new offering, provides unbiased research of the global nutritional yeast market, presenting an old knowledge call (2014-2018) and forecast statistics for the period 2019-2029. The study reveals compelling information about the nutritional yeast market in product type (inactive dry yeast, enriched yeast, and reactive yeast), nature (organic and conventional), form (powder, flakes, tablets, capsules), programs (food and beverages), nutritional supplements, non-public care, animal feed, and other programs), sales channel (B2B and B2C) in seven major regions.
The nutritional yeast market is segmented in detail to cover all facets of the market and provide complete market information to readers.
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