Nutritional yeast is a type of food yeast primarily used as a nutritional supplement instead of bread yeast. It contains numerous beneficial compounds including vitamins, minerals, high-quality protein, and fiber. Nutritional yeast enhance the flavor and boosts nutritional value of foods. Consumed as savory seasoning, it serves as a meat substitute and adds umami taste to recipes.

The global Nutritional Yeast Market is estimated to be valued at US$ 229.6 Mn in 2023 and is expected to exhibit a CAGR of 14 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The popularity of veganism and flexitarian diets has accelerated the adoption of nutritional yeast as a meat substitute in a wide variety of recipes. Its unique flavor enhances plant-based dishes and makes them more appetizing for non-vegans as well. The versatile umami-rich taste makes it a sought-after addition to vegan cheeses, dressings, pastas, and snacks. Increasing health and environmentally conscious consumers are inclined towards nutritional yeast as a healthy alternative to enhance their plant-based eating experiences. This shifting preference towards more sustainable food options is expected to drive the nutritional yeast market at a significant pace over the forecast period.

Segment Analysis
The global nutritional yeast market is segmented on the basis of form into powder and flakes. The powder segment dominates the market as it is highly versatile and easy to use in various food applications such as dips, spreads and dressings. The flakes segment is expected to witness growth due to increasing demand for usage in convenience foods such as noodles, snacks and bread.

Key Takeaways
Global Nutritional Yeast Market Share is expected to witness high growth over the forecast period. The nutritional yeast market in North America dominates the market and is expected to continue its dominance due to high consumer awareness regarding the health benefits of nutritional yeast.

Regional analysis

North America leads the nutritional yeast market with the US being the largest market. Easy availability of a wide range of products and rapid adoption of veganism and vegetarianism are major factors driving market growth. Asia Pacific is expected to be the fastest growing market due to increasing health consciousness coupled with rising disposable incomes in developing countries such as India and China.

Key players
Key players operating in the nutritional yeast market are Kothari Fermentation and Biochem Ltd, ABF ingredients, Biomin, Angel Yeast, Bob’s Red Mill, Cargill Inc., Nutreco, Alltech and Pacific Ethanol. Kothari Fermentation and Biochem Ltd and Angel Yeast together account for over 35% of the global market share.

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