Nutritional Yeast Market By Type (Flakes, Powder, Others), By Application (Functional Foods, Dietary Supplements, Animal Nutrients, Clinical Nutrition, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The global nutritional yeast market is likely to witness growth, with a CAGR of 9.5% across the forecast period from 2019 to 2027. Nutritional yeast is an inactive form of yeast and does not contain a leavening agent. Nutritional yeast is also known as nooch. Nutritional yeast, a dried form of yeast, cannot be used for baking purposes. Rather, it can be consumed directly. Increasing trends for vegetarianism and veganism are increasing, making nutritional yeast popular and thereby increasing the demand for nutritional yeast market across the globe. As a result, nutritional yeast has become a famous cheese substitute for vegans. Moreover, multiple uses offered by nutritional yeast are another reason for increasing the demand for the nutritional yeast market.

Rising demand for gluten-free products will upsurge the overall need for the nutritional yeast market on a global scale. Manufacturers are mainly focusing on expanding their gluten-free product portfolio internationally, mainly in Europe and the Asia Pacific. For instance, in July 2017, Lesaffre announced that Inside Nutri Organic is certified as gluten-free. Through the gluten-free certification to Lynside Nutri Organic, Lesaffre is able to attract health-conscious customers. Moreover, increasing celiac disease among patients is a key reason for increasing the demand for the nutritional yeast market. Nutritional yeast is produced from Saccharomyces cerevisiae. Nutritional yeast is grown on a cane, and beet molasses delivers natural nutrients found in whole grains and meat products.

Nutritional yeast flakes are gaining popularity 

Nutritional yeast flakes are attracting consumers because of their mild flavor; nutritional yeast flakes add a very mild cheesy flavor to the recipes, unlike nutritional yeast power, which offers a very resilient flavor. Moreover, nutritional yeast flakes have multiple applications to be utilized as milk flavors and cheesy toppings for enhanced food taste. In addition, nutritional yeast flakes have low-calorie content compared to any other cheese. For example, two tablespoons of nutritional yeast flakes have 40 calories when compared to 56 calories in the same amount in cheddar cheese. The aforesaid reason is one of the key factors increasing the demand for nutritional yeast flakes market.

North America Garnered Largest Market Share in 2018

North America holds the largest share in the nutritional yeast market. The dominance is led due to the increasing trend of veganism which, thereby, is increasing the growth of nutritional yeast in the North American region. For instance, in February 2018, the vegan society suggested that around 6% of the population in the U.S is vegan. The report also suggests that the percentage of vegans has grown compared to the last decade. Moreover, people in the U.S are replacing their meat diet with any vegan substitute, which is also a key factor increasing the demand for nutritional yeast market in the North American region. In addition, the presence of major players such as Pacific Ethanol, Biomin, and Ohly in the U.S. region also contributes to the growth of the nutritional yeast market across North America.

Competitive Insights

The major players identified in the nutritional yeast market include Lesaffre, Lallemand Inc., Archer Daniels Midland Company, AngelYeast Co. Ltd., Ohly, Pacific Ethanol, Inc., Biomin, Bob’s Red Mill Natural Foods, Bragg Premium, Urban Platter and Simply organic among others.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The nutritional yeast market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global nutritional yeast market based on type, applications, and geography.

Frequently Asked Questions:

The market for Nutritional Yeast is expected to reach US$ XX Bn in 2027.

The Nutritional Yeast market is expected to see significant CAGR growth over the coming years, at 9.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Lesaffre, Lallemand Inc., Archer Daniels Midland Company, AngelYeast Co. Ltd., Ohly, Pacific Ethanol, Inc., Biomin, Bob’s Red Mill Natural Foods, Bragg Premium are some of the major players in the global market.

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Published Date:  Nov 2019
Category:  Consumer Goods
Report ID:   60061
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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