Food & beverage, dietary supplements, personal care, and other industries all use fortified yeast in significant amounts. They have properties such as improved stability & shelf life, consistent texture, and the capacity to blend with other products. The demand for fortified yeast in the global market is predicted to rise as consumer eating habits change. The fortified yeast market has seen tremendous expansion due to reasons such as increased health and taste consciousness. Commercialization of yeast has ushered in a period of transformation for the yeast business. The global market for yeast has expanded due to increased demand for bakery items, the global trend of purchasing alcoholic beverages, and the global demand for bioethanol as a fuel. Furthermore, the rise in disposable income, combined with expanded application bases and new product releases, presents a substantial market opportunity for the fortified yeast industry's major players. However, a lack of consumer awareness may limit the industry's total growth.
COVID-19 Impact analysis
- People have become more health concerned as a result of COVID-19, which has contributed to an increase in demand for healthier foods. Fortified yeast is in more demand as a result of this.
- COVID-19 has created a disruption in the supply chain, making it harder for producers to get raw materials on time, resulting in a drop in sales.
- Manufacturers of these items have an opportunity to profit from the increased demand for ready to eat baked goods, but they must assure a steady supply. The market is expected to benefit from increased health awareness as a result of COVID-19.
Top Impacting Factors
- Growth tactics are being influenced by the increase in usage of fortified yeast in foods and beverages. Manufacturers are tasked with identifying and using white spaces in the application of their products, which range from dietary supplements to personal care items.
- As customers have become more concerned about the ingredients used in a wide range of products, many industry players are focused on natural, chemical-free, plant-based, and organic substances.
- This, in turn, is anticipated to contribute significantly to the expansion of the fortified yeast market. Furthermore, during the forecasted timeframe, the use of fortified yeast in personal care products is predicted to expand at a CAGR of 14.5 percent.
Market Trends
Powdered Fortified Yeast is Still the Most Popular
Demand for powdered fortified yeast is on the rise due to its relatively high stability & ability to combine with other components, and simplicity of use in a variety of recipes. Manufacturers have concentrated their efforts on this category, which accounts for 44% of overall sales. In addition, powder fortified yeast provides longer shelf-life, and its consistent texture makes it more desirable and is the reason for its preference.
Fortified yeast flakes have become increasingly popular, particularly as a healthier, lower-calorie, and less expensive alternative to cheese. Furthermore, these flakes have quickly becoming a staple in plant-based and vegan cooking. As the veganism around the globe is on the rise, many people are looking for substitutes for dairy products, this is why yeast is increasingly been used as a substitute for cheese. As customers have become more aware of the health benefits of fortified yeast, manufacturers are focused on tablet and capsule forms that provide ease of use and convenience.
Use of Fortified Yeast as a Substitute for Cheese
Food makers are working on producing novel products to keep ahead in the highly competitive industry as lactose intolerance and health consciousness among a large number of consumers rise. Lactose-intolerant and vegan consumers have increasingly turned away from dairy-based goods, and fortified yeast has gained appeal as a vegan cheese. Fortified yeast is renowned for its cheesy and nutty flavor, in addition to its nutritional value.
Furthermore, while traditional enriched yeast retains a major revenue share, producers are working on boosting production of organic variations, as consumer sensitivity to chemical-based products and the resulting trend of organic food consumption are on the rise. Companies are looking for products that can be marketed as substitute of cheese in the market due to rise in veganism and lactose intolerance. Fortified yeast is being increasingly used as a substitute of cheese. This has boosted the demand for fortified cheese. Thus, the market is expected to grow exponentially.
Key Benefits of the Report
- This study presents the analytical depiction of the fortified yeast industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the mortified yeast market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the fortified yeast market.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed fortified yeast market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in the Fortified Yeast Market Research Report
- Which are the leading players active in the fortified yeast market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is fortified yeast market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the fortified yeast market?
Fortified Yeast Market Report Highlights
| Aspects | Details |
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 Key Market Players | Bob's Red Mill Natural Foods, Alltech, Lesaffre, Bioforce Canada Inc., Cypress Ingredients, Lallemand Inc., Quantum Nutrition Labs, Kadac Pty Ltd, Angel Yeast Company Ltd., NOW Foods |
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