The global yeast flakes market size was valued at $610.2 million in 2020, and is projected to reach $1,451.2 million by 2030, registering a CAGR of 9.1%.
The yeast flakes market is experiencing a significant growth, and will grow considerably in next few years. Yeast refers to single-celled and eukaryotic microorganisms from the fungus kingdom. Yeasts flakes are gaining traction across the globe, as they are plant-based source of protein. Thus, their increased use in vegan cooking is estimated to fuel the growth of the global yeast flakes market during the coming years.
Awareness among consumers regarding health benefits associated with functional food is expected to boost the demand for such products during the forecast period. Scientific studies showing multiple benefits in the consumption of yeast flakes have raised awareness among consumers. Hence, a substantial change in diet of the consumers and their lifestyles is observed. Hence, owing to these health benefits, the demand for functional food is accelerating globally, which propels the yeast flakes market growth.
Moreover, health benefits associated with gluten free products are also attracting the population to avoid gluten from their diets. Hence, demand for gluten free products is growing rapidly, owing to its beneficial properties such as diagnosis of food allergies and helping individuals to lose their weight. Such factors, in turn, propel the market growth.
Moreover, the yeast flakes market demand for products with a large number of substitutes is very responsive to price changes; even a minor increase in price of a product encourages consumers to purchase its substitutes. Hence, availability of healthier substitutes is expected to affect the market growth.
Yeast flakes market is segmented into form, application and region. Based on type, the market is fragmented into flakes, powders, and others, which include tablets and capsules. On the basis of application, it is categorized into foods & beverages, dietary supplements, animal feed, and others. Regionally, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
By Form
Others segment would witness the fastest growth, registering a CAGR of 10.5% during the forecast period.
Based on form, powder segment held the major share in the market, and it is likely to remain same throughout the forecast period. It is rich in protein, calcium, iron, and vitamin B. It may aid in the prevention of oxidative damage, reduction of cholesterol, and enhancement of immunity. Owing to its wide range of application of yeast flake and health benefits, it is expected to increase the market.
Based on application, the food & beverages segment was the highest contributor to the market, and is estimated to reach $835.8 million by 2030, at a CAGR of 8.8% during the forecast period. Yeast flakes have been gaining significant traction in food & beverages, owing to increasing demand for functional foods and high nutritional food products. It has a nutty, cheesy taste and is commonly used in foods and beverages. Moreover, it is used in bread items as a meat alternative, salt replacer, and non-GMO L-Cysteine replacer, as well as beverages, dairy products, and functional foods.
By Application
Others segment would witness the fastest growth, registering a CAGR of 9.8% during the forecast period.
By region, North America has the highest yeast flakes market share in 2020. The North America yeast flakes market is expected to grow significantly, owing to inclination toward yeast flake products. The market in North America leading, owing to growing number of vegetarians and vegans in the region. Consumers are favoring nutritious yeast products, which help the industry grow even more. Moreover, consumers are inclined toward yeast flakes as it is chemical free with no additives. Hence, the region is expected to grow more during the forecast period. The players in the yeast flakes market have adopted acquisition as their key development strategy to increase profitability and improve their position in the yeast flakes market.
The key players profiled in the report include Alla's Posh Flavors, Anthony's Goods, Hoosier Hill Farm LLC, Lesaffre, Now Foods, Nunaturals, Sari Foods, Sattvic foods, Urban Platter, and Vvegano.
By Region
North America would witness the largest segment registering a major share of 45.6% during the forecast period.
Key Benefits For Stakeholders
- This report presents a quantitative analysis of the current yeast flakes market trends, estimations, and dynamics of the global yeast flakes market from 2020 to 2030 to identify the prevailing yeast flakes market opportunity.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth yeast flakes market analysis of the market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global yeast flakes industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of regional as well as global market, key players, market segments, application areas, and growth strategies.
Yeast Flakes Market Report Highlights
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Analyst Review
According to CXOs of leading companies, the yeast flakes market shows a steady picture of its growth in future. At the same time, evolution in lifestyle and food habits of consumers are raising the focus on nutritional products. During the forecast period, consumer awareness regarding health benefits associated with functional foods is expected to enhance demand for such products.
Yeast flakes, sometimes known as nooch or hippy dust, is a deactivated yeast, most often a type of Saccharomyces cerevisiae, is sold commercially as a food product. It is rich in protein, calcium, iron, and vitamin B. It may aid in prevention of oxidative damage, reduction of cholesterol, and enhancement of immunity. Rise in consumer awareness regarding personal health and wellbeing is expected to be a key factor driving the market.
Yeast flakes been gaining popularity in the industry, owing to rising demand for functional foods and high-nutrition foods. It has a nutty, cheesy flavor and is used in a variety of foods & beverages. It has several applications and benefits such as it is vegan and gluten free and the demand for gluten free products is expected to grow rapidly due to their beneficial properties such as diagnosis of food allergies and helping individuals lose weight. Moreover, according to CXOs, rise in disposable income and influence of nutritional products on body has increased its popularity.
The global yeast flakes market size was valued at $610.2 million in 2020, and is projected to reach $1,451.2 million by 2030, registering a CAGR of 9.1%.
The CAGR of Yeast Flakes Market is 9.1%.
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2020 is the base year calculated in the Yeast Flakes Market report.
The key players profiled in the report include Alla's Posh Flavors, Anthony's Goods, Hoosier Hill Farm LLC, Lesaffre, Now Foods, Nunaturals, Sari Foods, Sattvic foods, Urban Platter, and Vvegano.
Form and Application are the segments of Yeast Flakes Market.
Awareness among consumers regarding health benefits associated with functional food, demand for gluten free products, and substantial change in diet of the consumers are the key trends in the Yeast Flakes Market report.
North America held the maximum market share of the Yeast Flakes Market.
The COVID-19 pandemic has slightly recovered the Yeast Flakes Market in 2021.
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