Rise in Demand for Protein Rich Nutritional Food Products Expected to Drive Global Organic Yeasts Market: Ken Research
As per analysis, “Organic Yeasts Market: Current Analysis and Forecast (2021-2027)” the key companies operating in the global organic yeasts market include Nutraceutical International Corporation, Imperial Yeast, OHLY, Koninklijke DSM N.V, Martin Braun-Gruppe, Lallemand, Doves Farm Foods Ltd., LESAFFRE, White Labs Copenhagen and among others. Market participants can gain a competitive advantage by constantly engaging in research & development and further carrying out the extensive promotional activities in order to raise the awareness among consumers.
Based on type, organic yeasts market can be segregated as inactive dry yeast, yeast derivatives and nutritional yeasts. The nutritional yeasts segment holds major share in global market due to rise in demand for high-value baked goods including cookies and cakes. Based on species, market can be segregated as torulaspora, kluyveromyces, saccharomyces and candida. Saccharomyces segment is anticipated to exhibit substantial growth rate owing to its wide application in the production of inactive dry yeast, yeast extracts and nutritional yeast during the forecast period. Based on form type, market can be segregated as powder, liquid and flakes. The powder form is expected to be the largest market share over the forecast period, owing to ease of it’s usage. Additionally, based on application, market can be segregated as pharmaceuticals, bakery industry, brewing industry, food & beverage, animal feed and others.
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Rise in awareness among consumers about health & wellness, followed by increase in demand for organic food products, surge in stringent regulations & restrictions for the use of monosodium glutamate (MSG) in food products, growth in adoption of veganism & vegetarianism, introduction of various new products by market players in the industry and rise in demand for organic bakery products are some major factors, which are responsible for growth of the organic yeasts market. However, stringent regulations for labeling, production, and marketing of organic products and high production cost of organic yeast are major hindering factors for market. Moreover, increase in use as an alternative to monosodium glutamate (MSG) to provide the “umami” taste in food products and rise in awareness about health & wellness to drive the demand for nutritional yeast are leading opportunities for market.
Based on regional analysis, the Europe and North-America regions dominate the global organic yeasts market due to growth in importance of organic food product and presence of leading organic yeast manufacturers across the region. The Asia-Pacific region is predicted to witness higher growth rate owing to rise in demand for natural & organic food ingredients and growth in urbanization over the forecast period. It is projected that future of the global organic yeasts market will be optimistic on account of rise in demand for protein rich nutritional food products and rapid growth in number of the health-conscious consumers throughout the forecast period.
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Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
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