The size of the global vitamin yeast market is projected to increase from USD 66.7 million in 2024 to USD 148.0 million by 2034. Vitamin yeast sales are anticipated to grow at a promising 8.3% over the next ten years.
Key Trends Popularising the Consumption of Vitamin Yeast in the Market
The food industry and dietary supplements extensively utilize yeast as a valuable source of essential nutrients, especially B vitamins, because it is a type of fungus. The nutritional appeal of yeast is enhanced by its protein and mineral content, among other vitamins.
Yeast-based vitamins serve as a dietary supplement for those looking to fulfill their daily nutritional needs. These vitamins, specifically B vitamins, are essential for maintaining energy metabolism, neurological functions, and overall health.
Many individuals who follow plant-based diets find yeast supplements, which often contain fortified vitamin B12, to be a convenient way to obtain this important nutrient typically found in animal products. The increasing focus on comprehensive well-being has led to an uptick in incorporating nutritional yeast into daily recipes.
Attributes | Key Insights |
---|---|
Estimated Global Vitamin Yeast Market Size (2024E) | USD 66.7 million |
Projected Vitamin Yeast Market Value (2034F) | USD 148.0 million |
Value-based CAGR (2024 to 2034) | 8.3% |
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According to a recent market analysis, vitamin yeast sales grew at a rate of 7.7% from 2019 to 2024. For the next ten years, the market for vitamin yeast is estimated at 8.3% CAGR.
Some common factors that are expected to remain instrumental in the growth of vitamin yeast over the next decade as well are as follows:
North America and the Asia Pacific are the notable markets for vitamin yeast. Several governments are coming up with promising initiatives and giving the needed support to raise the market value of vitamin yeast across these regions.
Country-wise Insights
Countries | CAGR |
---|---|
United States | 5.7% |
United Kingdom | 4.2% |
China | 8.3% |
India | 6.9% |
Japan | 5.9% |
The surging demand for the vitamin yeast market in the United States can be attributed to the prevailing health and wellness trends.
The consumption of vitamin yeast in the United Kingdom is projected to register a CAGR of 4.2% through 2034. Key factors that are instrumental in the market’s growth are as follows:
The vitamin yeast industry is poised to exhibit a CAGR of 8.3% during the forecast period. For the present year, 2024, the market value of vitamin yeast is assessed to reach USD 66.7 million.
Revenue generated from the sales of vitamin yeast in India is projected to surge at a CAGR of 6.9% over the forecast period. The following factors shed a bright light on current market dynamics:
The manufacturers of vitamin yeast operating in Japan are expected to benefit from the market expansion at a CAGR of 5.9% through 2034. The top factors that push sales of vitamin yeast in Japan are:
Single vitamin yeast products are preferred over other yeast types due to their ability to provide targeted nutritional content. These products are specifically formed to contain higher concentrations of a particular vitamin, to meet demand of nutritional supplementation.
The demand for vitamin yeast in the food and beverages is increasing due to its capability to enhance nutritional profiles in the variety of products.
Vitamin Yeast is a widely used component in a wide range of products, including food goods, cosmetics, and animal feed. Therefore, numerous producers and new companies are investing in the vitamin yeast market. While some of these companies specialize in the cultivation and processing of vitamin yeast, others create novel products that benefit from their unique properties.
Due to this, a variety of vitamin yeast-based products, including snacks and skin care products, have been announced to the market. Leading producers are also investing in products based on vitamin yeast to meet the rising demand for plant-based alternatives.
Market Research by FMI Analysts Spotlights Vitamin Yeast Industry Innovation
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The vitamin yeast market is estimated to reach a valuation of about USD 66.7 million in 2024.
The global vitamin yeast market value is projected to reach USD 148.0 million by 2034.
Global vitamin yeast demand is expected to increase at a CAGR of around 8.3% through 2034.
North America is expected to have a share of 21.4% by the end of 2034.
The market for vitamin yeast registered a CAGR of 7.7% from 2019 to 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size in Value (USD million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Vitamin Composition 7.1. Single Vitamin Yeast Products 7.2. Multivitamin Yeast Products 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Claim 8.1. Organic 8.2. NON GMO 8.3. Gluten-Free 8.4. Other 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Food & Beverages 9.2. Dietary Supplements 9.3. Pharmaceuticals 9.4. Others (Aquaculture, Sports Nutrition) 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Country-level Market Analysis, 2024 19. Market Structure Analysis 20. Competition Analysis 20.1. Now Foods 20.2. Amway 20.3. Urban Platter 20.4. Bragg 20.5. Desire 20.6. Sharrets Nutrition 20.7. Namo Organics 21. Assumption & Acronyms 22. Research Methodology
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