During the assessment period, the global revivable yeast market would observe a CAGR of ~10% accounting for projected sales of USD ~100 Mn in 2032, according to the Future Market Insights report.
The availability of revivable yeast-bound products is rising in modern trade, convenience stores, and online retail. In view of the increasing availability of revivable yeast, the usage of revivable yeast as an ingredient is increasing. Due to high nutritional properties, consumption of revivable yeast is popular among health-conscious consumers.
The use of revivable yeast is increasing rapidly in food and beverage industry. Revivable yeast is used as a flavor enhancer, salt replacer, and meat-substitute in confectionery, bakery, dairy products, loaves of bread, and other food products. The number of vegan and vegetarian consumers is increasing due to which the demand for vegan food products is increasing which helps to boost the revivable yeast market. Due to social media sites, the awareness of the unique revivable yeast-based products is increasing among consumers.
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Key Takeaways from the Market Study
- The global consumption of revivable yeast enjoyed a year-on-year (YOY) growth of 9% between 2017 to 2021 to total sales of USD 36.3 million.
- The use of revivable yeast is proliferating rapidly in the food and beverage industry. Revivable yeast is used as a flavor enhancer, salt replacer, and meat substitute in bakery, confectionery, dairy products, loaves of bread, and other food products.
- Brewer’s yeast (Saccharomyces cerevisiae), a by-product of beer brewing and a popular kind of revivable yeast is a good source of B-vitamins and protein, it is widely utilized in drugs and medicines.
- Brewer’s Yeast Market size is estimated to be $4.5 billion in 2022.
- The revivable yeast powder form, largely used in the food and beverage industry will remain dominant over other forms of brewer’s yeast like tablet or capsule forms.
- Along with natural and organic food products, the demand for natural and organic skin and personal care products using revivable yeast is rising rapidly.
- Prominent manufacturers of revivable yeast in the market are located in developed countries from North America and Europe.
Competitive Landscape
Leading brands are sold via traditional stores and retail chains in developed countries, and are easily available to consumers online too. However, in developing countries, the yeast derivatives are mainly sold via online retail channels to a limited end-users aware of yeast utilization or are exported, increasing the cost of the final product for consumers in developing regions.
Now, major manufacturers are focusing on starting their production units in developing countries which is increasing the access to yeast derivatives in developing countries. Direct consumers buy revivable yeast predominantly for its nutritional and gastrointestinal benefits. The number of nutritional deficient patients is more in developing countries because of which the producers of yeast derivatives are focusing on launching products in revivable yeast.
Key players in the revivable yeast market are Alltech, Lallemand, Lesaffre, Cypress Ingredients, Bioforce Canada, Bob’s Red Mill Natural Foods, NOW Foods, Quantum Nutrition Lab, Angel Yeast Company among others.
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“Revivable yeast producers should focus on making the end-users and corresponding food and beverage market players more informed about the application of yeast and its advantages. They should opt for strategic alliances with firms in other industries of application like pharmaceutical and cosmetics. They should opt for technological advancement, new product developments, and production capacity expansion across all geographic locations,” says a Future Market Insights Analyst.
Revivable Yeast Market Taxonomy
The global revivable yeast market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Nature :
- Organic
- Conventional
Form :
- Powder
- Tablet
- Capsule
Sales Channel :
- B2B
- B2C
- Modern Trade
- Specialty Store
- Convenience Store
- Online Retail
- Other Sales Channel
Region :
- North America
- Latin America
- Western Europe
- North & Eastern Europe
- APEC
- China
- Middle East & Africa
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