Nutritional Yeast Market Poised to Witness Robust Growth Due to its wide range of health benefits

 
Nutritional Yeast Market 

Nutritional yeast is a microorganism that belongs to fungi family that is often used as a nutritional supplement and plant milk additive. It has nutty, cheesy flavor and offers various health benefits. Nutritional yeast helps provide essential vitamins like vitamin B12, B1, B2, and minerals like selenium and chromium. It is commonly used as a replacement for dairy in vegan diets and as seasoning for various recipes. Nutritional yeast helps boost metabolism, provides protein, aids in digestion and supports overall health and wellness.


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 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the key drivers for the growth of the nutritional yeast market is its wide range of health benefits. Nutritional yeast helps prevent various diseases and disorders and supports overall health and wellness. Its high content of vitamin B-complex, minerals, and proteins makes it a suitable supplement for vegans and vegetarians. Moreover, rising consumer preference for plant-based, gluten-free, and allergen-free food products has augmented the demand for nutritional yeast as an alternative to dairy and seasoning. The growing focus towards health and wellness along with the expanding vegan populace will continue propelling the nutritional yeast market over the forecast period.

SWOT Analysis

Strength: Nutritional yeast is a rich source of vitamin B complex which provides several health benefits. These vitamins boost metabolism, support nerve functioning and cell health. It is also high in protein which makes it an excellent alternative to dairy or meat proteins. Being vegan and gluten-free further expands its target audience.

Weakness: Nutritional yeast has an acquired taste which some people may find unappealing. It has a cheese-like flavor which takes time to get used to. The production process also requires more resources and energy than many other foods which increases costs.

Opportunity: Rising health consciousness is driving demand for plant-based and all-natural foods. This is opening opportunities to market nutritional yeast as a simple, enriching superfood ingredient. Rapid growth of veganism and flexitarianism also represents a substantial opportunity for companies in this space. Manufacturers can leverage yoga, fitness influencers to promote nutritional yeast.

Threats: Availability of similar vegan-friendly protein and vitamin sources like legumes, seeds and plant milks pose competition risk. Stricter environmental regulations on food production could raise operational costs limiting profit margins. Volatility in prices of raw materials needed for manufacturing nutritional yeast can impact supply stability.

Key Takeaways

The Global Nutritional Yeast Market Share is expected to witness high growth over the forecast period supported by rising demand for vegan foods and plant-based proteins.

Regional analysis indicates North America dominates presently accounting for over 35% share aided by widespread popularity of veganism. Europe and Asia Pacific are fastest growing markets with increasing health awareness driving sales in both retail and foodservice segments.

Key players operating in the nutritional yeast market are Kothari Fermentation and Biochem Ltd, ABF ingredients, Biomin, Angel Yeast, Bob’s Red Mill, Cargill Inc., Nutreco, Alltech and Pacific Ethanol. These market leaders are focused on expanding production capacities, new product launches like flakes and spreads, and strengthening distribution networks across global markets. Companies are actively promoting nutritional yeast through social media influencers and tie-ups with health and fitness brands to drive faster adoption among target groups.

Get more insights on this topic: https://www.ukwebwire.com/nutritional-yeast-market-trends-size-and-share-analysis/

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