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Europe to Remain at the Epicenter of Nutritional Yeast Market, Contributing Over 1/3rd of Total Sales
Fact.MR’s latest report covers recent developments in the global nutritional yeast market, with special focus on key aspects such as drivers, trends, and restraints. The report further explicates emerging opportunities affecting growth across leading segments including product type, nature, form, application , sales channel, and region.
NEW YORK, July 13, 2022 /PRNewswire/ — The global nutritional yeast market size reached a valuation of US$ 428.1 million in 2022. Further, with rising consumer inclination towards healthy food products, the overall nutritional yeast sales are slated to rise at a robust CAGR of 8.8% between 2022 and 2032, totaling around US$ 999.5 million by the end of 2032.
Nutritional yeast is an inactivated yeast usually made from saccharomyces cerevisiae. It is a rich source of plant-based proteins, minerals and vitamins. Hence, it has become an ideal food additive used for improving the flavor and nutritional properties of food products.
Growing consumer inclination towards plant-based foods along with rising awareness about the health benefits of nutritional yeast is expected to boost the growth of nutritional yeast market during the forecast period.
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Nutritional yeast comes in both fortified and unfortified varieties and has gained immense traction across the food industry due to its fat-free, gluten-free, low calories, and sugar-free nature.
Various studies have indicated that nutritional yeast can offer several potential health benefits, ranging from lower cholesterol to protein from cellular damage. Thus, increasing prevalence of various diseases and rising focus on health and fitness will push the demand for nutritional yeast during the forthcoming years.
Similarly, rising adoption of nutritional yeast personal care and animal feed products will further expand the global nutritional yeast market size during the assessment period.
Demand is particularly rising for organic nutritional yeast due to changing consumer preference for organic food products. Fact.MR predicts the organic nutritional yeast segment to exhibit strong growth during the forecast period.
Regionally, Europe will continue to dominate the global nutritional yeast market, accounting for a share of 35% in 2022. Demand in Europe nutritional yeast market is driven by rising consumer inclination towards vegan and plant-based foods, high levels of health awareness among European people, and increasing consumption of bakery and confectionery products.
Key Takeaways:
- By nature, the organic nutritional yeast segment is expected to grow at a relatively higher CAGR during the forecast period.
- Based on form, demand for nutritional yeast powder is likely to rise at a substantial pace during the assessment …
Full story available on Benzinga.com
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