Yeast refers to single-celled and eukaryotic microorganisms from the fungus kingdom. Nutritional yeasts are gaining traction across the globe, as they are plant-based source of protein. Thus, their increased use in vegan cooking is estimated to fuel the growth of the global nutritional yeast market during the assessment period of 2020 to 2030. Yeast derivatives, spent yeast, and active dry yeast jute are some of the product types available in the market for nutritional yeast.
TMR’s upcoming research report on the global nutritional yeast market gives 360-degree analysis of this market. Thus, the report covers assessment of important parameters including key players, competitive landscape, important regions, challenges, drivers, restraints, and growth opportunities in the market for nutritional yeast. As a result, this study is a helpful tool to gain complete data on this market during the forecast period of 2020 to 2030.
The study performs segmentation of the global nutritional yeast market based on numerous key factors including type, distribution channel, application, and region. Depending on distribution channel, the market for nutritional yeast is bifurcated into retail stores, hypermarkets/supermarkets, online stores, convenience stores, and others.
The global nutritional yeast market is expected to experience upward curve of sales during the forthcoming period. One of the key factors stimulating growth opportunities in the market is increased trend of veganism in all worldwide locations. Nutritional yeasts are cultivated on molasses and hold identical structure to the yeast that is used in the baking of brewing beer or bread. In recent years, there is remarkable increase in demand for gluten-free products. This factor is likely to fuel the demand opportunities in the global nutritional yeast market during the forthcoming years.
Nutritional yeasts are one of the most-liked food products with cheesy flavor. Thus, nutritional yeasts are increasingly used in place of dairy products in various recipes. Owing to this factor, the global nutritional yeast market is estimated to show growth at a promising pace during the assessment period of 2020 to 2030.
With presence of many active enterprises, the competitive landscape of the global nutritional yeast market is quite fierce. To sustain in this scenario, market vendors are employing various organic as well as inorganic strategies. Several enterprises are growing focus toward offering their products as per the requirement of end-users. Some players are engaged in the launch of gluten-free products. All these factors are predicted to help in the expansion of the market for nutritional yeast in the forthcoming years.
Many players in the global nutritional yeast market are growing concentration on partnership and collaboration activities. In addition to this, several enterprises are engaging in mergers and acquisitions. All these activities are indicative of the promising growth of the global nutritional yeast market during 2020–2030.
The study profiles important players operating in the global nutritional yeast market:
The global nutritional yeast market shows existence in many regions including Europe, North America, Asia Pacific, South America, and the Middle East and Africa. Of all geographical regions, North America is one of the lucrative regions of the market for nutritional yeast. One of the key factors driving market expansion is increased inclination toward consumption of vegetarian food in the region.