What is Nutritional Yeast Market?
Nutritional yeast is a popular food product often used in vegan cooking derived from a yeast genus known as Saccharomyces cerevisiae. This yeast is grown specifically to be used as a food product in which yeast cells are killed during the manufacturing process and not alive in the final product. It is dairy-free, low in calories and usually gluten-free which can be a helpful supplement for people with food allergies or sensitivities, as well as those with limited diets. There are various benefits of the nutritional yeast such as power booster, supports the immune system, promoting good skin, hair and nails, improving resistance to glucose, helps in a stable pregnancy and others.
The market study is being classified by Type (Unfortified Nutritional Yeast and Fortified Nutritional Yeast), by Application (Food & Beverage, Bakery & Confectionery, Beverages, Soups, Sauces & Seasonings, Functional Foods, Dietary Supplements, Personal Care, Animal Feed and Other Applications) and major geographies with country level break-up.
Lesaffre (France), Cargill (United States), Lallemand Inc. (Canada), Alltech (United States), Nutreco N.V. (Netherlands), Angel Yeast (China), Archer Daniels Midland (ADM) (United States), ABF Ingredients (United Kingdom), Diamond V Mills, Inc. (United States), Chr. Hansen A/S (Denmark) and Pacific Ethanol, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Biomin (Austria) and Leiber GmbH (Germany).
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. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Nutritional Yeast market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Nutritional Yeast market by Type, Application and Region.
On the basis of geography, the market of Nutritional 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Nutritional Yeast as a Dairy Alternative from Food and Beverage Industry
- Increasing Popularity of Nutritional Yeast Because of High Health Benefits
- Increased Number of Online Food Stores
Market Trend
- Increasing Awareness about Healthy Lifestyle among People
- Robust Increase in the Distribution Channels
Restraints
- Less Awareness about Health Benefits of Nutritional Yeast in Some Regions
Opportunities
- Growing Number of Vegan Population
- Growth in the Food and Beverage Industry Worldwide
Challenges
- Stringent Government Rules and Regulations
Market Leaders and some development strategies
In February 2018, Lesaffre is broadening its position in the nutrition and health sectors with the acquisition of Alltech’s yeast extract facility in Serbia. Located in Senta, Serbia, the facility will be called Biospringer RS, and will continue to produce baker’s yeast for the Serbian market as well as yeast extracts for the food and animal feed industries.
Key Target Audience
Nutritional Yeast Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users