Nutritional yeast is a yellowish powder made from deactivated yeast used commonly as a food additive as well as food condiment due to its cheesy, nutty, and fermented flavor and aroma. It contains amino acids and vitamins essential for the human body and serves as a significant source of protein for vegans and vegetarians. The global nutritional yeast market demand has increased owing to rising awareness about health benefits, taste-enhancing properties of nutritional yeast.
The global Nutritional Yeast Market is estimated to be valued at Us$ 229.6 Mn in 2023 and is expected to exhibit a CAGR Of 6.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising health and wellness consciousness has been a major driver accelerating growth in the nutritional yeast market over the forecast period. Nutritional yeast has established itself as a popular choice for health-conscious consumers due to its cheesy flavor and high nutritional profile. The growing vegan and flexitarian consumer base preferring plant-based diets rich in protein has generated significant demand. Furthermore, manufacturers are innovating with new flavors and formats like flakes and seasonings to make nutritional yeast more versatile and appealing for various cooking applications, thereby fueling the market growth.
Segment Analysis
The global nutritional yeast market is segmented by form into flakes, powder and tablets. The flakes segment dominates the market and accounts for nearly half of the total share due to its meaty flavor and use in vegan cooking. Flakes are more versatile than powder and easy to chew compare to tablets.
Key Takeaways
The Global Nutritional Yeast Market Demand is expected to witness high growth over the forecast period 2023 to 2030. The global nutritional yeast Market is estimated to be valued at US$ 229.6 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030.
Regional analysis shows that North America holds the major share in nutritional yeast market currently and is expected to maintain its dominance over the forecast period. Factors such as growing vegan population, rising health-conscious customers, increasing demand for plant-based protein alternatives will drive the nutritional yeast market in North America.
Key players operating in the nutritional yeast market are Burley, PetEgo, Aosom, Solvit, Schwinn, InStep, Croozer, DoggyRide, Wike, Trail-a-Bike.
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This innovative strain is used as an animal feed ingredient to enhance immune response.Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-10918Inactive dried nutritional yeast can be used as an effective ingredient in animal feed to boost nutritional content.
This encourages manufacturers to expand their product portfolio to include certified organic offerings, which is anticipated to help them strengthen their market positions.
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