Nutritional Yeast Market
Nutritional Yeast Market By Product Type (Inactive Dry Yeast, Fortified Yeast, Revivable Yeast), By Nature (Organic, Conventional), By Form (Powder, Flakes, Tablets, Capsules), By Application, By Sales Channel, By Region - Global Forecast 2022-2032
Nutritional Yeast Market Outlook (2022-2032)
The global nutritional yeast market accounts for US$ 428.1 million at present and is anticipated to reach a market valuation of US$ 999.5 million by the end of 2032. High market expansion is because worldwide consumption of nutritional yeast is predicted to surge ahead at a CAGR of 8.8% between 2022 and 2032.
Rising veganism trend across the world is expected to drive more demand for plant-based protein products, and the low availability of a variety of these products is expected to drive the sales of nutritional yeast-based food products.
Nutritional Yeast Market Size (2022E)
US$ 428.1 Million
Forecasted Market Value (2032F)
US$ 999.5 Million
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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Nutritional Yeast Consumption Analysis (2017-2021) Vs. Market Growth Forecasts (2022-2032)
Nutritional yeast is an important ingredient in a plant-based or vegan diet as it is a rich protein source. The yeast is obtained by growing it on molasses, just like it’s done for bread and beer.
Increasing awareness of the benefits of nutritional yeast such as fat-free, gluten-free, low calories, sugar-free, etc., is expected to drive nutritional yeast sales over the coming years.
Rising focus on health and fitness is expected to favour nutritional yeast market potential. Increasing prevalence of lifestyle diseases and disorders is also anticipated to promote the adoption of fortified nutritional yeast in people’s diets. Organic nutritional yeast is anticipated to be highly popular over the coming years.
Nutritional yeast popcorn is anticipated to witness a rise in popularity as a healthy snack among vegans across the world. Increasing prevalence of food allergies, gluten intolerance, and lactose intolerance is projected to drive substantial demand for nutritional yeast powder in the years ahead.
The global market for nutritional yeast is predicted to expand at a noteworthy CAGR of 8.8% over the next ten years (2022-2032).
What’s Augmenting Nutritional Yeast Market Growth across Regions?
“Market Benefiting from Growing Number of Vegans, Worldwide”
Veganism has emerged as one of the most popular food trends over the past few years and is expected to gain further popularity going forward as well. Vegans follow a string plant-based diet, and since plant-based protein sources are limited, the addition of nutritional yeast to vegan food products increases their protein content.
Vegan yeast is anticipated to see high demand across the world over the coming years.
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What Could New Entrants Do to Gain a Prominent Market Share?
“Start-ups Could Focus on Development & Launch of Novel Vegan Food Products”
- In July 2022, Katharos, a start-up based in India, announced the launch of a one-of-a-kind vegan cheese. The new cheddar and mozzarella blocks of cheese are made from watermelon seeds, nutritional yeast, potato starch, and other natural ingredients.
Aspiring manufacturers of nutritional yeast can explore its use in such products and create new products that could disrupt the market and help them gain a significant market share.
Apart from this, start-ups in the market can focus on creating innovative vegan products that could take the nutrition of nutritional yeast to a different flavor profile, to stand out from the competition.
Which Regions Will Provide Attractive Opportunities for Nutritional Yeast Suppliers?
“Europe Leads Global Nutritional Yeast Consumption Predicted to Be Rewarding Market”
Currently, the Europe nutritional yeast market accounts for sales of US$ 150 million and a major market share of 35% in the global landscape.
Rising inclination of consumers towards vegan and plant-based foods is anticipated to be a major factor driving nutritional yeast demand in the region.
Germany, France, and the United Kingdom are projected to be the most lucrative markets in Europe across the forecast period.
The market for nutritional yeast in North America holds a share of 24.5% in 2022 and accounts for a valuation of US$ 104.9 million.
Increasing popularity of veganism, rising demand for plant-based products, and growing awareness of food allergies are factors driving the shipments of nutritional yeast in the region.
The United States and Canada are projected to be the most notable markets in the North American region over the coming years owing to rising demand for plant-based foods.
The Asia Pacific region is projected to witness a steady rise in demand for nutritional yeast as the popularity of veganism increases and more individuals turn towards plant-based diets.
The China nutritional yeast market accounts for a value of US$ 35.1 million in 2022 and a market share of 8.2%. Increasing adoption of vegan and plant-based food by the millennial population in the country is expected to drive nutritional yeast consumption.
This new research by Fact.MR, a market research and competitive intelligence provider, has provided a detailed regional analysis of all current and forecasted market trends for the global nutritional yeast industry.
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Nutritional yeast manufacturers are focusing on launching new products with different flavors to diversify their offerings and increase their sales potential over the coming years.
- In February 2022, Bragg, a leading name in the food industry since 1912, announced the launch of its new flavored nutritional yeast seasonings in the U.S. market. Roasted garlic and smoky BBQ are the two new flavors that have been launched to further strengthen its sales across the country.
- In May 2021, Because, Animals, a company focused on making plant-based pet food, announced the launch of a new flavor - Pumpkin Noochies - to its dig cookies lineup. These cookies are made using nutritional yeast, pumpkin, barley, applesauce, and other natural ingredients.
Key Segments Covered in Nutritional Yeast Industry Research
Nutritional Yeast Market by Product Type :
- Inactive Dry Yeast
- Fortified Nutritional Yeast
- Revivable Yeast
Nutritional Yeast Market by Nature :
- Organic Nutritional Yeast
- Conventional Nutritional Yeast
Nutritional Yeast Market by Form :
- Nutritional Yeast Powder
- Nutritional Yeast Flakes
- Nutritional Yeast Tablets
- Nutritional Yeast Capsules
Nutritional Yeast Market by Application :
- Food & Beverages
- Bakery & Confectionery
- Functional Foods
- Dietary Supplements
- Personal Care
- Animal Feed
Nutritional Yeast Market by Sales Channel :
- Online Sales of Nutritional Yeast
- Offline Sales of Nutritional Yeast
- Modern Trade
- Specialty Stores
- Departmental Stores
- Other Sales Channels
Nutritional yeast Market by Region :
- North America
- Latin America
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