About Fortified Yeast
Fortified Yeast is a type of deactivated nutritional yeast, in which synthetic vitamins and other ingredients are added. Fortified Yeast are very popular among the Vegans because of their high nutritional benefits. Fortified Yeast are mostly used in baking, processed foods such as confectionary products. They are also used in the manufacturing of cosmetics and pharmaceuticals. Fortified Yeast are mostly found in Yellow Flakes and Powder form, but other forms too exist in the market. Geographically, North America is expected to remain the biggest market followed by Asia Pacific region which is steadily rising.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.0% |
The fortified yeast market is expected to continue growing in the coming years, driven by factors such as rising disposable incomes, increasing health awareness, and growing demand for convenient and nutritious food products. Players who can successfully innovate, adapt to changing consumer preferences, and expand their distribution networks are likely to be well-positioned for success in this competitive market 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.
Lesaffre (France), Lallemand (Canada), Angel Yeast Company Ltd. (China), Bioforce Canada Inc. (Canada), Alltech (United States), Kerry Group PLC (Ireland), Bob’s Red Mill Natural Foods (United States), Quantum Nutrition Labs (United States), Bragg Live Food Products, LLC (United States) and Kadac Pty Ltd. (Australia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hoosier Hill Farm (United States), Anthony's Goods (United States) and Urban Platter (India).
Segmentation Overview
AMA Research has segmented the market of Global Fortified Yeast market by , Application (Bakery and Confectionary, Beverages, Dietary Supplements, Cosmetics and Others) and Region.
On the basis of geography, the market of Fortified Yeast 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 Fortified Yeast market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Flakes will boost the Fortified Yeast market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade , the sub-segment i.e. Food Grade will boost the Fortified Yeast 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. Online (E-Commerce Stores) will boost the Fortified Yeast market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fortified Yeast Flakes is Getting Increasingly Popular
Market Growth Drivers:
Rising Healthy Food Consumption consciousness Among Masses, Vast Distribution Network of Food Products and Rise in Popularity of Vegan Culture
Challenges:
Presence of Counterfeit and Adulterated Products
Restraints:
More Expensive than Instant Dry Yeast
Opportunities:
Low Penetration in Developing Countries, Presents an Opportunity for Expansion
Market Leaders and their expansionary development strategies
In October 2020, Lesaffre, France based world’s largest yeast manufacturer has announced acquisition of majority stake in Biohymn Biotechnology. Biohymn is China based yeast and yeast extract manufacturer. The acquisition is aimed at Lesaffre’s strategic expansion plans in China.
In September 2021, Lallemand, Canada based market leader in Yeast and Bacteria Production has announced acquisition of a Nordic beta-glucan products manufacturer known as BetaGlucans AS, with the help of its subsidiary Danstar Ferment AG. The acquisition will help Lallemand expand their betaglucans business and help introduce advanced technologies in yeast based products.
Key Target Audience
Fortified Yeast Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.