Yeast is eukaryotic and single-celled microorganisms and belongs to the family of the fungus kingdom. Nutritional yeast is a plant-based source of protein and is often used in vegan cooking. It is grown on molasses and is very similar to the yeast that is used for baking bread or brewing beer. Nutritional yeast is one amongst the most popular food products and is an umami-rich flavor enhancer. It is mainly used due to its cheesy flavor in place of dairy products.
MARKET DYNAMICS
An upsurge in demand for gluten-free products drives the growth of the nutritional yeast market. Besides this, swift inclination towards vegetarian and vegan lifestyle as a result of increasing health consciousness also drives the market growth. However, negative reactions caused by nutritional yeast in sensitive people restrict the growth of the nutritional yeast market. Rising demand for nutritional yeast from personal care, animal feed, and other industries is expected to bolster well the growth of nutritional yeast in the years to come..
MARKET SCOPE
The "Global Nutritional Yeast Market Analysis to 2028" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nutritional yeast market with detailed market segmentation by type, distribution channel, application and geography. The global nutritional yeast market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nutritional yeast market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global nutritional yeast market is segmented on the basis of type, distribution channel and application. On the basis of type, the nutritional yeast market is segmented into spent yeast, yeast derivatives, active dry yeastjute and others. The nutritional yeast market on the basis of application is classified into food industry, poultry, livestock, pharmaceutical and others. Based on distribution channel the global nutritional yeast market is divided into hypermarkets / supermarkets, retail stores, conevenience stores , online stores and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global nutritional yeast market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The nutritional yeast market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting thenutritional yeast market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nutritional yeast market in these regions.
MARKET PLAYERS
The reports cover key developments in the nutritional yeast market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nutritional yeast market are anticipated to lucrative growth opportunities in the future with the rising demand for nutritional yeast market in the global market. Below mentioned is the list of few companies engaged in the nutritional yeast market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nutritional yeast market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Lesaffre
- Lallemand
- Alltech
- Angel Yeast
- The Archer Daniels Midland Company
- ABF Ingredients
- Chr. Hansen A/S
- Pacific Ethanol, Inc.
- Biomin
- Leiber GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.