Nutritional Yeast Market Analysis, Size, Share, Growth, Trends, and Forecast by 2031

The nutritional yeast market is expected to register a CAGR of 8% during 2023–2031. The growing demand for nutritional supplements is likely to remain a key trend in the market.

Nutritional Yeast Market Analysis

• The rising vegan and plant-based diet trend is anticipated to drive the market, as the consumers are inclined towards plant-based protein alternatives.
•  Nutritional yeast is becoming more popular because it is used to make vegetarian and vegan foods and it is also good for your health.
•  The organic nutritional yeast is gaining popularity in the market as researchers are discovering that it is more nutritious than the inorganic type.
•  As the nutritional yeast market is closely related to the markets of yeast extract and yeast flakes, it indicates potential growth opportunities.

Nutritional Yeast Market Overview

• This is reflected in the market growth due to rising popularity of vegan and plant-based diets, growth in health consciousness and well-being, and demand for organic foods.
•  Applications of nutritional yeast include bakery, poultry, aquatic, livestock and others. It is available in the form of flakes, powder, tablets, and capsules.
•  As the market develops, companies are launching products for the organic and clean label trend.
•  In terms of geographical regions, Europe holds the largest market share in the nutritional yeast market, whereas China is expected to witness growth owing to the rise in vegan food and vegetarian food.

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Nutritional Yeast Market: Strategic Insights

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Nutritional Yeast Market Drivers and Opportunities

Increasing Consumer Awareness

• The growing consumer awareness towards the nutritional benefits of nutritional yeast is likely to drive the demand for nutritional yeast products. Nutritional yeast is a good source of amino acids, vitamins and minerals.
•  It is complete protein, with all nine essential amino acids that the human body cannot produce by itself. Nutritional yeast is high in B vitamins, including thiamine, riboflavin, niacin, B6, and B12.
•  Customers are searching out nutritional yeast for its health benefits, including its potential to help muscles grow, repair and thrive.
•  It is often fortified with more vitamins and minerals, making it a convenient source of all the essential nutrients for people with dietary restrictions or deficiencies.

Rise in Vegan and Plant-Based Diets

• The growing number of vegan and plant-based diets is one of the biggest reasons why the nutritional yeast market is growing. Nutritional yeast is a meat and dairy substitute, and so is popular with people who don’t eat them.
•  The rising trend for vegan and plant-based diets, along with increasing awareness of the ethical, environmental and health benefits of such foods, is likely to continue to boost demand for nutritional yeast.
•  Its nutritional content notably essential amino acids, as well as vitamins and minerals – makes it a good natural source of these nutrients for vegans.
•  Vegan and plant-based diets have become popular for several reasons, including ethical concerns over the treatment of animals, environmental concerns over the footprint of livestock farming, and personal health.

Nutritional Yeast Market Report Segmentation Analysis

Key segments that contributed to the derivation of the nutritional yeast market analysis are deployment type and enterprise size.

• Based on type, the nutritional yeast market is divided into spent yeast, yeast derivatives, active dry yeast, and others.
• On the basis of application, the market is divided into food industry, poultry, livestock, pharmaceutical, and others.

Nutritional Yeast Market Share Analysis by Geography

• Nutritional Yeast Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering nutritional yeast market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the nutritional yeast market in these regions.

Nutritional Yeast Market Regional Insights

The regional trends and factors influencing the Nutritional Yeast Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Nutritional Yeast Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Nutritional Yeast Market Report Scope

Nutritional Yeast Market Players Density: Understanding Its Impact on Business Dynamics

The Nutritional Yeast Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Nutritional Yeast Market are:

1. Lesaffre Group
2. Angel Yeast
3. Alltech
4. Ohly
5. Pacific Ethanol
6. Biomin

Disclaimer: The companies listed above are not ranked in any particular order.

Nutritional Yeast Market News and Recent Developments

The nutritional yeast market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the nutritional yeast market are listed below:

•  Bragg has announced the launch of its new flavoured nutritional yeast seasonings in the US market. The two new flavors that have been introduced to boost sales across the nation are smokey BBQ and roasted garlic. (Source: Press Release, April 2024)

Nutritional Yeast Market Report Coverage and Deliverables

The “Nutritional Yeast Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Nutritional yeast market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Nutritional yeast market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Nutritional yeast market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the nutritional yeast market
• Detailed company profiles