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Nutritional Yeast Market to Top US$ 999.5 Million by 2032 Amid Rising Awareness About the Health Benefits of Nutritional Yeast
NEW YORK , July 13, 2022 /PRNewswire/ -- The global nutritional yeast market size reached a valuation of US$ 428.1 million in 2022. Further, with rising consumer inclination towards healthy food products, the overall nutritional yeast sales are slated to rise at a robust CAGR of 8.8% between 2022 and 2032, totaling around US$ 999.5 million by the end of 2032.
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.
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.
Leading nutritional yeast manufacturers are constantly focusing on expanding their product portfolios by introducing new nutritional yeast products with different flavors.
For instance,
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:
: Global demand for yeast extract is slated to grow at a robust pace during the forecast period, owing to the rising application of yeast extract in food and beverages, pharmaceuticals, dietary supplements, etc.
Fact.MR predicts a positive growth trajectory for yeast based savory flavors market during the forecast period owing to the rising consumer inclination towards healthy flavoring agents and rapid adoption of yeast based savory flavors in food and beverage industry.
The global herbal yeast market size is expected to grow at a significant pace during the assessment period, owing to the increasing incidence of various diseases and rising consumer awareness about the health benefits of herbal yeast.
: According to the latest research by Fact.MR, Compressed Yeast market is set to witness steady growth with a 6.9% CAGR during 2021-2031. The demand is attributed to increasing use in bread and confectionery products, increased knowledge of nutritional advantages, and changing lifestyles.
: The research report presents a comprehensive assessment of the enriched yeast extract market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data
: Rising veganism trend across the world is expected to drive more demand for plant-based protein products, and the low availability of a variety of these products is expected to drive the sales of nutritional yeast-based food products.
The United States has one of the largest per capita healthcare spending, and the country holds a majority of the share in the maternal nutrition products. By considering all nutrition types, multivitamins have captured a major chunk in the maternal nutrition products market.
: global market for infant nutritional premixes reached US$ 203 Bn by the end of the 2016-2020 historical period, clocking a CAGR of nearly 4%. Owing to changing life styles, the demand for infant formula-based products has risen considerably.
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