The nutritional yeast market value is expected to rise from USD 257.38 million in 2024 to USD 894.07 million by 2034. This market is analyzed to surge ahead at a CAGR of 13.30% over the next decade.
Versatility of nutritional yeast, also called “nooch”, is increasing its application in a range of uses. Due to its intriguing cheesy flavor, nutritional yeast is progressively used to elevate stews, soups, pasta dishes, and more.
Another prominent use of this ingredient is in several vegan cheese sauces. Rising market for new varieties of sauces is expected to expand the scope of nutritional yeast. Apart from the appealing taste, nooch is a source of iron, B vitamins, protein, and fiber, making it an attractive ingredient in healthy diets.
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The nutritional yeast has a savory, umami flavor, with a tinge of nuttiness. As a result, it is usually used as a flavor enhancer or seasoning in multiple plant-based dishes. Growing vegan population is predicted to fuel the demand for nutritional yeast in the years to follow.
“Increasing demand for plant-based cheese recipes, where nutritional yeast is added to infuse the flavor of cheese, is propelling players to increase their production capacities across the globe. Additionally, growing market for nutritional yeast in emerging countries is inducing manufacturers to focus more on these markets for future expansion,” says an analyst of Future Market Insights.
Key Takeaways from the Nutritional Yeast Market Report
- The nutritional yeast market rose from the valuation of USD 132.19 million in 2019, at a CAGR of 12.33% through the forecast period.
- By nature, the organic nutritional yeast segment is anticipated to attain a 17.4% share in 2024.
- Based on end-use, the food industry is expected to reach 36.5% value share in 2024.
- India is predicted to expand at a CAGR of 13.2% over the next 10 years, whereas Japan is expected to expand at 12.5% CAGR in the same period.
- Developed countries are expected to register average growth rates. The United States is projected to record a CAGR of 6.9%, while Germany is anticipated to expand at 5.8% CAGR.
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Key Developments that are Shaping the Nutritional Yeast Market
- In September 2023, the United States brand Noochies introduced pet food, which is factory farming-free. The brand uses nutritional yeast to make healthy, freeze-dried snacks, and meat-free dog and cat food. All the products are enriched with Bmmune, which is the patented ingredient blend of nutritional yeast and fermented proteins.
- In October 2023, BjornQorn introduced a popcorn collaboration with the Ruby hibiscus beverage brand. This popcorn edition contains relatively fewer ingredients, including nutritional yeast, popcorn, salt, sunflower oil, and hibiscus powder.
- In April 2021, Gnosis by Lesaffre launched the Noochy Crisp™ in an attempt to respond to the consumer craze for nutritional yeast. The resultant product offers customers unique ways to consume this type of yeast. The product can be integrated into breakfast items, snacks, and appetizers.
Enlisted Below are Some Top Market Players
- Lessafre Group
- Angel Yeast
- Alltech
- AB Mauri
- The Archer Daniels Midland Company
- Chr. Hansen A/S
- Biomin
- Cargill Inc.
- Leiber GmbH
- Bragg Premium
- Others
Market Segmentation of Nutritional Yeast Products
By The market is bifurcated by nature into:
- Organic
- Conventional
By End-Use, Nutritional Yeast Market is Segmented as:
- Food Industry
- Dietary Supplement
- Bakery
- HoReCa
- Snacks and sausage
- Sport Drinks
- Livestock
- Pharmaceutical
- Poultry
- Others
By Based on Distribution Channel:
- Convenience Stores
- Supermarkets
- Hypermarkets
- Online Stores
- Others
By Different Regional Markets are as Follows:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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