What is Yeast-based Spreads?
Yeast-based spreads such as marmite and vegemite, made from leftover brewer’s yeast extract are one of the world’s richest source of B vitamins. It has various health benefits such as it reduces stress and anxiety in adults. The factors such as High Health Benefits of the Yeast-based Spreads, Increased Consumption of Yeast-based Spreads among Globe and Increased Promotional Activities by Manufacturers are the key drivers for global Yeast-based Spreads market. In addition, Robust Increase in the Distribution Channels also fueling the market growth. However, Fluctuations in the Raw Material Prices and Less Awareness about Yeast-based Spreads may hamper the market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Bega Cheese (Australia), Dick Smith Foods (Australia), Jardox Ltd. (United Kingdom), Marmite Food Extract Company (United Kingdom), Nature's Blend (United States), Sanitarium Health & Wellbeing (Australia), Three Threes Condiments Pty. Ltd. (Australia) and Unilever Plc. (United Kingdom) |
CAGR | % |
The market study is broken down, by Application (Food Processing, Milk Chocolates, Household and Retail, Rice Cakes, Cheese, Bread Sticks and Pet Food) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA Research estimates that Vendors from Australian will contribute to the maximum growth of Global Yeast-based Spreads market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bega Cheese (Australia), Dick Smith Foods (Australia), Jardox Ltd. (United Kingdom), Marmite Food Extract Company (United Kingdom), Nature's Blend (United States), Sanitarium Health & Wellbeing (Australia), Three Threes Condiments Pty. Ltd. (Australia) and Unilever Plc. (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Yeast-based Spreads market by Type, Application and Region.
On the basis of geography, the market of Yeast-based Spreads has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Yeast-based Spreads market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Yeast-based Spreads market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Robust Increase in the Distribution Channels
Market Drivers
- High Health Benefits of the Yeast-based Spreads
- Increased Consumption of Yeast-based Spreads among Globe
- Increased Promotional Activities by Manufacturers
Opportunities
- Growing Demand from End-users
- Growth in the E-commerce Industry
Restraints
- Fluctuations in the Raw Material Prices
Challenges
- Less Awareness about Yeast-based Spreads
Key Target Audience
Yeast-based Spreads Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.