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.
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.
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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:
- By nature, the organic nutritional yeast segment is expected to grow at a relatively higher CAGR during the forecast period.
- Based on form, demand for nutritional yeast powder is likely to rise at a substantial pace during the assessment period.
- Amid rising adoption of nutritional yeast in food & beverages, dietary supplements, and bakery & confectionery, the nutritional yeast market size in Europe reached US$ 150 million in 2022.
- North America currently accounts for a share of 24.5% of the global nutritional yeast market.
- China nutritional yeast market reached a valuation of US$ 35.1 million in 2022
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Growth Drivers:
- Rising demand for organic and gluten free food products is providing a major impetus to the growth of nutritional yeast market.
- Growing consumer awareness about the benefits of nutritional yeast is expected to encourage its adoption during the assessment period.
- Introduction of new products with innovative flavors will further expand the nutritional yeast market size during the forthcoming years.
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,
- In June 2021, Ecoideas announced the expansion of its Nutritional Yeast line with the addition of new products including Organic Nutritional Yeasts, Nutritional Yeast with B12, and Nutritional Yeast with B12 and D2.
- In 2022, Bragg launched new flavored nutritional yeast seasonings in the U.S. market.
Key Companies Profiled by Fact.MR
- AB Mauri
- Cargill Incorporated
- Archer Daniels Midland
- Nutreco
- AB Vista
- Lessafre Group
- Associated British Food (ABF)
- Alltech
- Oriental Yeast
- Angel Yeast
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:
-
- Inactive Dry Yeast
- Fortified Nutritional Yeast
- Revivable Yeast
Nature:
-
- Organic Nutritional Yeast
- Conventional Nutritional Yeast
Form:
-
- Nutritional Yeast Powder
- Nutritional Yeast Flakes
- Nutritional Yeast Tablets
- Nutritional Yeast Capsules
- Others
Application:
-
- Food & Beverages
- Bakery & Confectionery
- Beverages
- Functional Foods
- Dietary Supplements
- Personal Care
- Animal Feed
- Others
Sales Channel:
-
- Online Sales of Nutritional Yeast
- Offline Sales of Nutritional Yeast
- Modern Trade
- Specialty Stores
- Departmental Stores
- Other Sales Channels
Region:
-
- North America
- Latin America
- Europe
- APAC
- MEA
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Key Questions Covered in the Nutritional Yeast Market Report
- What will be the demand outlook of the nutritional yeast market in 2022?
- What is the projected growth rate of the global nutritional yeast market during 2022-2032?
- Which are the key drivers bolstering growth in the nutritional yeast market?
- Which factors are hindering the growth in the nutritional yeast market?
- Which region is expected to exhibit the fastest growth in the global nutritional yeast market during 2022-2032?
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