Brewer's Yeast Supplements Market to Grow to US$ 1.5 Bn by 2033 - Persistence Market Research

The global Brewer's Yeast Supplements market has experienced substantial growth over recent years, driven by rising awareness regarding nutritional wellness among humans and animals. According to a newly released analysis by Persistence Market Research, the market was valued at US$ 690 Million in 2022 and is projected to reach US$ 1.5 Billion by 2033, expanding at a CAGR of 7% during the forecast period. The capsule segment has emerged as the leading format, attributed to its higher bioavailability and absorption rate, while North America is the most lucrative region, fueled by growing awareness of pet health and increasing diabetes rates.

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Brewer's Yeast, derived from Saccharomyces cerevisiae, is known for its rich nutritional profile. It contains over 52% protein and is packed with B-complex vitamins and chromium, making it a preferred supplement for managing blood sugar levels in diabetic patients. In addition to its human applications, the supplement is increasingly used in the animal nutrition sector, especially in canine anxiety management and enhancing livestock productivity. This dual utility across the human and veterinary health domains has made Brewer's Yeast a staple in the global dietary supplements market.

Key Highlights from the Report

➤ The global Brewer's Yeast Supplements market is expected to reach US$ 1.5 Billion by 2033 from US$ 743 Million in 2023.
➤ Capsules are projected to remain the dominant supplement form due to their superior absorption capabilities.
➤ North America accounted for the largest regional market share in 2022 and continues to grow strongly.
➤ The market witnessed an impressive 7.9% CAGR growth between 2018 and 2022.
➤ Brewer's Yeast is gaining popularity for animal consumption, especially in pets and livestock feed.
➤ Rising diabetes prevalence worldwide is significantly boosting the demand for Brewer's Yeast Supplements.

Market Segmentation

The Brewer's Yeast Supplements market is segmented by form, distribution channel, and application.

By form, the market is categorized into capsules, powder, and tablets. Capsules lead the segment due to their convenience, faster absorption, and better bioavailability. Powder and tablets also contribute notably, particularly in veterinary and livestock applications.

In terms of distribution channels, the market is segmented into online sales, retail stores, hypermarkets/supermarkets, pharmacies, and specialty stores. Online sales are gaining traction thanks to digital consumer behavior, though retail pharmacies and specialty stores remain important for those seeking professional recommendations.

By application, the market is bifurcated into human consumption and animal consumption. While human consumption continues to dominate, the animal consumption segment is gaining momentum, especially in pet health supplements and livestock feed enrichment.

Regional Insights

North America stands out as the leading region in the Brewer's Yeast Supplements market, accounting for over US$ 277.4 Million in 2022 and projected to double by 2033. The region's dominance stems from increasing pet ownership and high healthcare awareness, particularly related to diabetes. With over 70% of U.S. households owning pets and a surge in spending on pet health, demand for brewer's yeast in animal nutrition continues to soar.

Europe also shows robust growth, led by countries like the United Kingdom, where over 4.9 million individuals suffer from diabetes. Brewer's Yeast's proven efficacy in managing blood sugar levels makes it a viable alternative supplement.

Asia Pacific, especially China, Japan, and South Korea, is witnessing rapid growth due to the expansion of the pet care sector and increasing health consciousness. China, for instance, had a pet population of over 220 million in 2021, reflecting a cultural shift toward animal wellness.

In Japan, government initiatives to tackle diabetes, which affects nearly 20 million people, further bolster the market. Similarly, South Korea's pet care boom, with nearly 25% of households owning a pet, is contributing to regional market expansion.

Market Drivers

One of the most significant drivers is the increasing prevalence of diabetes. With more than 422 million diabetics globally, Brewer's Yeast's ability to stabilize blood sugar levels has made it a sought-after supplement in diabetic care. The high chromium content plays a pivotal role in insulin sensitivity, which appeals to both medical practitioners and consumers.

Another critical growth driver is the rising pet ownership and awareness around animal nutrition. With consumers treating pets like family members, the demand for nutritional supplements that enhance their overall health and reduce anxiety is rising. Brewer's Yeast Supplements are increasingly being used to improve fur quality, boost liver function, and calm anxious pets.

Additionally, the supplement's probiotic benefits, including its use in treating diarrhea and colds, make it relevant for a wider consumer base beyond just diabetics and pet owners. Its use in animal feed to improve milk and meat quality further solidifies its growing importance in agribusiness.

Market Restraints

Despite its numerous benefits, the market faces a few restraints. The lack of consumer awareness in developing regions remains a challenge. Many potential users are still unaware of Brewer's Yeast's health benefits, especially in rural areas.

Moreover, fluctuating raw material prices and quality issues in sourcing brewer's yeast can impact product consistency. As the supplement is derived from beer-making yeast, its supply chain may be affected by changes in brewery outputs and regulations concerning yeast processing.

Lastly, possible side effects, including gas, bloating, and allergic reactions, may deter some consumers from incorporating it into their daily regimen, especially if they are on medication or have pre-existing health conditions.

Market Opportunities

There is significant potential in the animal nutrition sector, particularly as awareness of pet wellness rises globally. Pet owners are increasingly turning to natural supplements, opening avenues for Brewer's Yeast products tailored for pets.

Another lucrative opportunity lies in emerging markets such as Southeast Asia and Latin America, where urbanization and disposable incomes are rising. As healthcare spending increases, consumers are exploring preventive health options like dietary supplements.

Additionally, the expansion of e-commerce platforms presents a compelling opportunity for manufacturers to reach a broader audience, especially millennials and Gen Z who prefer purchasing health products online.

Frequently Asked Questions (FAQs)

◆ How big is the Brewer's Yeast Supplements market currently?
◆ Who are the key players in the global Brewer's Yeast Supplements market?
◆ What is the projected growth rate of the Brewer's Yeast Supplements market from 2023 to 2033?
◆ What is the market forecast for Brewer's Yeast Supplements by 2032?
◆ Which region is estimated to dominate the Brewer's Yeast Supplements industry through the forecast period?

Company Insights

• Now Foods
• Nusapure
• Pure Naturals
• Solgar
• Arkopharma
• Amazing Nutrition
• Vitalife Ltd
• Nova Nutritions
• Swanson

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This release was published on openPR.