Nutritional yeast is a food product derived from yeast that is typically used as a supplement and to make a variety of vegan cheeses and snacks. It has a cheese-like, savory flavor and can serve as a replacement for dairy in vegan cooking. Nutritional yeast contains high amounts of vitamin B12 and proteins and is a rich source of minerals and fiber. It has several health advantages as a functioning probiotic and is commonly consumed by vegans and health-conscious individuals.

The Global Nutritional Yeast Market is estimated to be valued at US$ 264.5 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031.

The rise of the plant-based food movement has been a major driver boosting the Nutritional Yeast Market Growth. With growing health, environmental and animal welfare concerns, many consumers are switching to vegan or reducing animal product consumption. Nutritional yeast is rich in nutrients and offers a cheese-like flavor, making it a popular dairy alternative and vegan cooking ingredient. Its versatile uses in vegan recipes help drive its sales. Research tying B12 deficiency to various health conditions has also led to increased demand for nutritional yeast as a vitamin supplement. Changing dietary patterns and preferences favor plant-based, health-focused products, propelling market growth.

The current geopolitical situation is significantly impacting the growth of the nutritional yeast market. Ongoing conflicts, political instability and rising tensions between major economies are disrupting global supply chains and creating severe commodity price fluctuations. Countries involved in conflicts are experiencing weakened demand and lower consumer spending power, negatively impacting the market. However, growing health awareness and demand for immunity boosting nutrients during the pandemic is providing some offsetting support to market growth.

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