Nutritional yeast is a food product made from deactivated yeast which offers essential vitamin and minerals. It is a vegan substitute for cheese and is high in protein, vitamin B, and minerals. Nutritional yeast not only enhances flavor but also provides health benefits. The rising cases of chronic diseases like heart issues, diabetes, and cancer have raised awareness about nutritional rich diet which boosts immunity. The Global Nutritional Yeast Market Size is estimated to be valued at US$ 264.5 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing vegan population around the world adopting plant-based diets has significantly propelled the demand for nutritional yeast. According to statistics, around 8% of American consumers follow a vegan diet indicating growing popularity. Nutritional yeast acts as a rich vegan substitute for meat and diary products offering a cheese-like taste without any animal-based ingredients. It has gained widespread acceptance among health-conscious people looking for protein-rich and nutrient-dense dietary options. This unique positioning of nutritional yeast as a vegan superfood is a key trend augmenting the market growth over the forecast period.
Segment Analysis:
The global nutritional yeast market is segmented by form into flakes/powder and tablets/capsules. The flakes/powder segment dominated the market in 2021 with a share of around 80%. Flakes/powder nutritional yeast is more affordable and versatile than tablets/capsules. It can easily be sprinkled on popcorn, salad, pasta etc for adding flavor and nutrients. Hence flakes/powder form is more popular and convenient for daily usage.
Key Takeaways
The global nutritional yeast market is expected to witness high growth.
Regional analysis related content comprises nutritional yeast demand is highest in North America and Western Europe owing to growing health consciousness and vegan population in these regions. Nutritional yeast acts as an alternative to cheese and helps provide a cheesy flavor to vegan food.
Key players operating in the nutritional yeast market are Capgemini, Tata Consultancy Services Limited, HCL Technologies Limited, Fujitsu, Sensiple, Nityo Infotech, Locuz, CtrlS Datacenters Ltd, Cybage Software Pvt. Ltd, Sensible, and Cerebra Integrated Technologies Ltd. Nutritional yeast flakes or powder are affordable and can be easily incorporated into cooking for vegetarians and vegans to fulfill their nutritional requirements of vitamins like B12 and protein.
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In the last few years, consumers have become more selective about their food choices showing inclination for healthier, better quality food and ecological food products.
As a result the demand for gluten-free, organic and salt-free products is rising in comparison to traditional full course meals.
Global research and development spending has reached a record of US$ 1.7 trillion, out of which 80% is accounted by 10 countries.
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.
While organically produced nutritional yeast occupies a niche percentile in the current global market scenario, demand for these products is expected to grow, attributable to increasing market penetration in Europe and North America, where the organic trend is gaining significant momentum.Social media sites such as Instagram and Twitter are creating a favourable perception about nutritional yeast products.
