Yeast Flakes Market

Global Yeast Flakes Market Size (2024 to 2029)

The Yeast Flakes Market is expected to reach USD 1251.3 million at a CAGR of 8.5 % during the forecasted period.

Yeast belongs to the fungus kingdom and is a single-celled eukaryotic microorganism. Yeast flakes are made of Saccharomyces cerevisiae yeast which is a plant-based source of protein. It is light brown with good health benefits and is a functional food. It helps with digestive issues like diarrhea or infections like colds and flu. It almost goes well with any diet and is a vegan product that will increase the Yeast flake market. Rich in nutrition, chemical, and residue-free are features of the product.

Global Yeast Flakes Market Drivers:

Increased health benefits awareness of functional foods among consumers

Increased awareness about the health benefits of functional foods is a driving factor in the Yeast Flakes market. Functional food health benefits are attracting many consumers to prefer due to increased awareness through scientific studies. The rise in consumption of functional foods will drive the Yeast flakes Market. Change in the diet of the consumers can be observed owing to the health benefits of the yeast flakes. Yeast Flakes are gluten-free and the increased proportion of these products in the consumer’s diet plan will propel the Yeast Flakes Market growth.

Global Yeast Flakes Market Restraints:

Functional foods are more driven by the change in the price of substitutes that can influence demand for the product. Similarly, yeast flakes are a functional food and their demand can fluctuate with respective to substitute product prices. It is noticed that an indirect impact on the market by the substitute product price change. Such healthy substitute presences in the market can act as a restrain in the growth and development of the Yeast Flakes Market. The cost for the production of yeast flakes is expensive and requires high investment in equipment. This can be a restraint as yeast flakes become costly that are unaffordable for some consumers. As yeast flakes are unaware to most consumers and some people may have an allergic reaction towards it that can limit consumer preference. It can deter market growth.

The many ill-health effects present in the consumption of gluten food will be a growth opportunity for the market development. The rising demand for nutritious, convenient vegan food in the market is observed. The gaining attraction towards gluten-free food and willingness of the consumers in preferring functional food is a growth opportunity in the coming years for the market to expand into various regions and variants. Significant Change in the dietary lifestyle of consumers towards more gluten-free products and healthy food alternatives is noticed. Consumer preference is increasing to spending more money on high-quality and nutritious food like organic fruits and vegetables, functional foods, etc., which is a significant change in the market. These changes in the diet plan and lifestyle of consumers show an opportunity for functional foods such as yeast flakes.

Impact of COVID-19 on the Market:

Initially, the COVID-19 pandemic had shown a negative impact on the market. The pandemic has created a medical emergency where an increase in demand for food and beverages is noticed. Functional foods like yeast flakes had seen decreased sales due to increased demand for traditional, healthy food items. Unavailability of the traditional foods as per demand, and high prices of these traditional healthy food items led to increased demand for healthy functional foods. The Yeast Flakes market has seen a growth in demand in later stages.

REPORT COVERAGE: 

This research report on the yeast flakes market has been segmented and sub-segmented based on nature, flavor, application, sales channel and region.   

Global Yeast Flakes Market - By Nature:

• Organic
• Conventional

The organic segment is expected to have a good market share during the forecast period due to the increased interest of consumers in organic products. Organic consumers are increasing for its natural and sustainable production process. Research says that organic products have high nutritional products that are healthy for consumers and they don’t harm the environment and animals which is a major concern for all consumers as sustainability is the most discussed word in recent times.

Global Yeast Flakes Market - By Flavor:

• Cheesy
• Nutty
• Savory

The Nutty flavor is expected to have a significant market share in the Yeast Flakes Market during the forecasted period. the nutritional value of nuts will be driving the market as COVID-19 increased consumer numbers for nuts consumption due to its nutritional value. The savory flavor is also expected to have a good share. The global savory market is expected to grow at a high CAGR compared to the other flavors in the segment. Savory flavor includes herbs, spices, and meat, and demand for these products increased with an increase in consumer preference.

Global Yeast Flakes Market - By Application:

• Foods & Beverages
• Dietary Supplements
• Animal Feed
• Others

The food & beverages segment is expected to contribute a high market share in Yeast Flakes Market. In food & beverages, due to the increased nutritional awareness about functional food, the market is owing to an increase in demand. The nutty, cheesy taste of the yeast flakes and their common use in food & beverages is expected to increase demand for the yeast flakes market. Yeast flakes can be used as a salt replacer, and in breadmaking as a meat alternative.

Global Yeast Flakes Market - By Sales Channel:

• B2B
• B2C
• Convenience Stores
• Independent retailers
• Supermarket/Hypermarket
• Specialty Stores
• Online Retailers

The supermarket/hypermarket is expected to have a high market share in Yeast Flakes Market during the forecast period as it comes under the consumer package goods and grocery products. Online retailers are also expected to have a good market due to their convenience in usage and increased internet availability in the world. Convenience stores can have less market share compared to other channels but significance can be seen in certain market areas where the availability of the other sales channel is less.

Global Yeast Flakes Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North American region is expected to have a high market share in the Yeast Flakes Market during the forecasted period. Increased inclination towards yeast flakes in North America can lead to a significant increase in the market. Yeast flakes are vegan food and have a good demand in this region due to the rise in consumers preferring vegetarian food. Moreover, yeast flakes are chemical-free and residue-free products with high nutritious value.

Europe is also expected to have a high market share for increasing demand for yeast used in various applications. There is a growing demand for vegan food in Germany and France countries of Europe which results in expected increasing demand in the Yeast Flakes Market. Next, the Asia- Pacific region may also have a market share as in countries like India and China vegetarianism is a growing trend.

KEY MARKET PLAYERS:

Key Market Players of Yeast Flakes Market are Alla's Posh Flavors, Anthony's Goods, Hoosier Hill Farm LLC , Lesaffre, Now Foods, Nunaturals, Willow Biosciences Inc, Sattvic foods, Urban Platter, Vvegano.

RECENT HAPPENINGS IN THE MARKET:

In 2021, the production of Tetrahydrocannabinol using yeast strains is approved by Willow Biosciences Inc, and their eventual products are sold in the Canadian Market.