April 20, 2024
Nutritional Yeast Market

Nutritional Yeast Market Propelled By Increasing Health Awareness

Nutritional yeast is a type of deactivated yeast that can act as a substitute for cheese or bacon bits due to its savory, cheesy flavor. It is a rich source of vitamin B12 and protein, and is commonly used as a condiment or supplement. The increasing health consciousness among people has propelled the demand for protein-rich and low-calorie food products. The Global Nutritional Yeast Market Size is estimated to be valued at US$ 264.5 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increasing health awareness is one of the major trends in the nutritional yeast market. The rising prevalence of chronic diseases due to unhealthy diets has made people focus on maintaining good health through balanced nutrition. Nutritional yeast is rich in vitamins like riboflavin, niacin, folate, and vitamin B12 which help meet the daily nutrition requirements. It also contains protein and fiber which makes it a suitable substitute for meat and dairy products. This unique nutritional profile has increased its popularity as a flavor-enhancer and supplement in vegetarian and vegan diets.

SWOT Analysis

Strength: Nutritional yeast is a good source of various nutrients like Vitamin B1, B2, B6, and folic acid. It provides nutritional support and improves the digestive health.
Weakness: Nutritional yeast has a strong cheese-like, savory flavor which some people may not prefer. It requires careful storage otherwise the nutritional value degrades quickly.
Opportunity: Rising health consciousness and focus on plant-based nutrition presents an opportunity. Developing innovative yeast-based dairy alternatives can attract more customers.
Threats: Availability of alternative vegan foods can reduce the demand. Strict quality regulations can increase production costs.

Key Takeaways

The global Nutritional Yeast market is expected to witness high growth.

Regional analysis: North America dominates the nutritional yeast market currently due to high demand for vegan and plant-based foods. Asia Pacific is expected to grow at the fastest rate led by countries like India and China.

Key players operating in the Nutritional Yeast market are Capgemini, Tata Consultancy Services Limited, HCL Technologies Limited, Fujitsu, Sensiple, Nityo Infotech, Locuz, CtrlS Datacenters Ltd, Cybage Software Pvt. Ltd, Sensible, and Cerebra Integrated Technologies Ltd. Specialized manufacturers are focusing on new product development, strategic partnerships and marketing initiatives to strengthen their presence in the growing market.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it