by The global nutritional yeast market is experiencing rapid growth, fueled by the increasing popularity of vegan and vegetarian lifestyles, as well as the growing health-conscious consumer base. Nutritional yeast, a vegan-friendly ingredient known for adding a cheesy flavor to a wide range of dishes, is gaining traction as a low-calorie alternative to hard cheese and a versatile ingredient for creating creamy textures in sauces. The markets expansion is also attributed to its low salt and calorie content, sugar-free, fat-free, and gluten-free profile.
Vegan-Friendly Ingredient with Diverse Applications
Nutritional yeast has become a staple in the kitchens of those following plant-based diets. It imparts a savory, umami flavor to various dishes, making it a sought-after ingredient for popcorn, garlic bread, pasta, and more. Vegan-adapted recipes use nutritional yeast to add creaminess to sauces and replicate traditionally cheese-laden dishes like mac and cheese, au gratin potatoes, and Italian-style pasta casseroles. The surge in demand for meatless products and vegetable proteins, driven by concerns over meat-related diseases such as avian flu and swine flu, is further boosting the global nutritional yeast market.
Increasing Health Awareness Driving Demand
The rise in health-conscious consumers and the global increase in obesity rates and chronic lifestyle disorders, including heart disease, high blood pressure, diabetes, and asthma, are driving the demand for healthy food products, including vegan options. As the number of digestive diseases and lactose intolerance cases continues to grow, veganism is on the rise. This trend is expected to further benefit the nutritional yeast market.
Organic Yeast Dominates
Organic nutritional yeast is gaining popularity due to its numerous health benefits. Consumers are increasingly opting for organic food ingredients due to their perceived health advantages. Organic nutritional yeast is used in salads, soups, popcorn, dips, and casseroles, offering a GMO-free, soy-free, low-salt, high-minerals, and vitamin B-rich alternative to conventional yeast products. The global demand for organic yeast products is on the rise, driven by consumers willingness to invest in organic components.
Regional Growth Trends
North America leads the nutritional yeast market, primarily due to the growing number of vegetarians and vegans seeking healthy yeast products. The United States, in particular, is witnessing a significant increase in the consumption of plant-based diets, with approximately 3% of the population now following such diets. This growing vegan population is expected to drive continued demand for nutritional yeast.
In contrast, the Asia Pacific region is poised to exhibit the fastest growth in the nutritional yeast market. Countries such as China, India, Japan, and Southeast Asian nations are experiencing a surge in health-conscious consumers with increased disposable income. The rise in dietary requirements awareness and the need for protein-rich nutritional food products are contributing to the growth of the market in this region.
Competitive Landscape
The global nutritional yeast market is witnessing intense competition, with companies continually launching new products and forming collaborations and partnerships. Some of the key players in the market include Lessafre Group, Angel Yeast, Alltech, AB Mauri, The Archer Daniels Midland Company, Chr. Hansen A/S, Biomin, Cargill Inc., Leiber GmbH, and Bragg Premium.
As the demand for vegan and health-conscious food options continues to rise globally, the nutritional yeast market is expected to flourish, offering innovative solutions for consumers looking to incorporate plant-based ingredients into their diets.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/nutritional-yeast-market
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This press release first seen on Brilad
COMTEX_442049070/2840/2023-10-17T23:25:34
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.