Nutritional Yeast Market By Type (Flakes, Powder, Others), By Application (Functional Foods, Dietary Supplements, Animal Nutrients, Clinical Nutrition, Others) - Growth, Share, Opportunities & Competitive Analysis, 2023 – 2031

01 Dec 2019 Format PDF icon PPT icon XLS icon Request Sample

Deactivated yeast, often known as nutritional yeast, is typically derived from Saccharomyces cerevisiae strains during its production. Saccharomyces cerevisiae, which is generated on either cane or beet molasses, is picked, rinsed, and then dried with heat to destroy or "deactivate" it, resulting in nutritional yeast. This process can be done on either cane or beet molasses. Because nutritional yeast is a kind of yeast that has been inactivated, it lacks the ability to generate leavening as a consequence. The rise in demand for nutritional yeast is having a direct impact on the expansion of the market due to the product's low sodium content, absence of fat and sugar, absence of gluten, and absence of calories. The rising popularity of vegetarian and vegan lifestyles is the primary factor that is contributing to the expansion of this market. Increased awareness about health has also increased the demand for nutritional yeast as it has benefits such as low calories, sugar-free, fat-free, and gluten-free, as well as being rich in vitamins, including vitamin B12. All of these factors are contributing to the growth of the nutritional yeast market, furthermore, in emerging economies as well as developed countries, people's ways of living are contributing to the expansion of the nutritional yeast market. The expansion of this industry is being driven by the fact that consumers are becoming more concerned about their health and looking for alternatives. In addition, organic food products are becoming increasingly popular, which has created an opportunity for the market for nutritional yeast. Organic nutritional yeast is anticipated to have significant growth due to the benefits it offers, which include the absence of chemical additives and artificial flavors, as well as a low sodium content and a high mineral content.

Increasing Demand for Functional Food

The most common chronic diseases found in people are things like heart disease, obesity, cancer, stroke, respiratory disease, injuries, diabetes, Alzheimer's disease, influenza and pneumonia, and kidney disease. Obesity is quickly becoming one of the most significant problems facing society in terms of public health. It has a role in a wide range of metabolic conditions, such as inflammatory diseases, cardiovascular disease, hypertension, coronary problems, and diabetes mellitus. Alterations to one's food, rather than medication, might be advised for the purpose of mitigating the adverse effects of obesity. Because of this, receiving nutrition in the form of functional foods is an excellent therapeutic choice for delivering dietary components that are capable of treating chronic diseases. This is particularly important when considering the rising cost of medical care. Functional foodstuffs include essential elements that can assist in the prevention of disease, and many of these foods are notable for their high levels of antioxidants. These molecules are able to render harmful free radicals harmless, which stops damage to cells and lowers a person's risk of developing a number of chronic diseases. The immune system's ability to fight off infections and mental health can both be improved with the consumption of functional meals. A stronger immune system may help hasten the treatment of chronic diseases and the symptoms that go along with them, such as obesity and type 2 diabetes. As the number of diseases continues to rise, consumers are being driven to place a greater emphasis on maintaining a healthy diet, which in turn drives up the demand for foods that have a functional purpose. The consumption of functional foods provides the body with the correct nutrients, vitamins, and minerals, which further reduces the likelihood of developing a disease. The vast majority of 21st-century customers are familiar with the dietary intolerances that are triggered by gluten, dairy protein, and trans-fats. Consumers are compelled to purchase gluten-free and lactose-free functional food products because of their belief that non-GMO foods are superior in terms of their health and safety. The healthy food alternatives of the future will likely include functional foods such as probiotics, meals that promote energy, and foods that are rich in vitamins and minerals. As a consequence of this, the increasing incidence of cardiovascular disease and other types of chronic illness is driving up the need for a healthy diet, which in turn is driving up sales of functional food products.

Increasing Demand for Organic Food & Beverages

The retail sales of organic food items have increased as a direct result of an increase in the level of awareness among customers regarding the advantages of purchasing organic food products. After Europe, the United States of America is one of the major consumers of organic food products anywhere in the world. Germany, France, and Italy are the three countries in Europe that have the most significant markets for organic food goods. The market for organic food items is expanding in several countries, including Brazil, Mexico, Chile, and Paraguay. In a similar manner, the organic sector in the United States is also observing an increasing trajectory. This is due to the fact that consumers are experiencing a high demand for organic products, which has enabled organic businesses to earn a larger market share. There is a recent uptick in the number of countries that are formulating legislation and criteria for organic products. The United States of America, China, France, Germany, and Italy are just a few of the countries that have some of the largest retail markets for organic food items in the world.

Health Complications

The usage of nutritional yeast is not suitable for everyone. According to the findings of several studies, people who have irritable bowel disease (IBD), hypertension, or glaucoma should steer clear of foods containing yeast. In a similar vein, if you suffer from chronic yeast infections, have a sensitivity to yeast, or are allergic to yeast, nutritional yeast is probably not for you. Before ingesting nutritional yeast, you should consult your primary care physician if you have any concerns or questions.

Powder Segment Dominates the Market by Type

The powder segment was the most dominant market in terms of revenue share in 2022. It is anticipated that this trend will continue throughout the forecast period of 2023 to 2031. It is high in essential nutrients such as protein, calcium, iron, and vitamin B. It has the potential to assist in the reduction of cholesterol, the avoidance of oxidative damage, and the improvement of immune function. It is anticipated that the market would expand as a result of the numerous applications of nutritional yeast and the positive effects they have on health.

F&B Remains the Dominant Application Segment

The functional food and beverages segment was the most dominant segment in terms of market revenues that in 2022. The market is also anticipated to grow at a CAGR of 10.6% during the forecast period of 2023 to 2031. Because of the growing demand for high-nutritional food items and functional foods, yeast flakes have been acquiring a substantial amount of momentum in the food and beverage industry. It is typically utilized in a variety of meals and beverages due to its cheesy and nutty flavor profile. In addition, it is utilized in the production of beverages, dairy products, and functional meals, as well as a substitute for salt and L-Cysteine that does not come from genetically modified organisms in bread goods.

North America Remains as the Global Leader

In 2022, the revenue share of nutritional yeast in North America was the largest market. Because nutritional yeast products are becoming increasingly popular, it is anticipated that the market for nutritional yeast will experience significant growth in North America. The market in North America is now leading, mostly as a result of the increasing number of vegans and vegetarians living in that region. Consumers are gravitating toward yeast products that are high in nutrients, which is helping the sector expand even further. In addition, people are drawn to nutritional yeast since the product is devoid of chemicals and does not include any additives. As a result, it is anticipated that the region would experience increased growth during the forecast period. The primary growth strategy that the players in the nutritional yeast market have implemented in order to boost their profitability and strengthen their standing in the nutritional yeast market is the acquisition of new customers.

Market Promising Significant Opportunities to Market Players During the Forecast Period

Key companies in this market include AngelYeast Corporation.,  Lallemand Inc., Lesaffre Royal DSM,  Ohly, Bragg Premium, Urban Platter, Archer Daniels Midland Corporation, Alto Ingredients, Inc. (Formerly Pacific Ethanol, Inc.),  Addera, Biospringer, Canadian Biosystems, Willow Biosciences Inc and others. A number of participants are working on the introduction of novel organic, gluten-free products, protein-based, enhanced textures, and flavored nutritional yeast. A significant number of global companies for nutritional yeast are increasing their focus on business expansions. In addition to this, a number of businesses are currently in the process of merging & acquisitions. All of these actions are pointing to the potentially lucrative expansion of the global market for nutritional yeast during the forecast period of 2023 to 2031.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Nutritional Yeast market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Nutritional Yeast market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2021-2031
Base Year 2022
Forecast Period  2023-2031
Historical Year  2021
Unit  USD Million
  • Flakes
  • Powder
  • Others (Tablets etc.)

  • Functional Foods
  • Dietary Supplements
  • Animal Nutrients
  • Clinical Nutrition
  • Others (Cosmetics etc.)

 Region Segment (2021–2031; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Nutritional Yeast market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Nutritional Yeast market?
  • Which is the largest regional market for Nutritional Yeast market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Nutritional Yeast market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Nutritional Yeast market worldwide?
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