Organic Yeast Market Is Expected To Foresee Significant Growth During The Forecast Period.
Organic Yeast Market is expected to reach the market valuation of US$ 699.3 Million by 2027 expanding at a reasonable CAGR of 9.04% during the forecast period (2021-2027) from US$ 381.8 Million in 2020. The global food industry is observing a constant shift in consumer tastes in the recent years and the eco-conscious eaters will likely propel the market growth for organic yeast during the forecast period. The yeast is called as organic, when yeast is part of the 95% of the ingredients of agricultural origin, by weight. The demand for chemical-free ingredients in food items have further boosted the demand for organic yeast globally.
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Rising demand for organic bakery products will substantially boost the organic yeast market during the forecast period. This trend is driven by the belief that organic foods are safer and less likely to cause food poisoning, avoiding the involvement of higher nutritional values, concerns about antibiotic residues, synthetic chemicals, and the effects on health of genetically modified foods. Monosodium glutamate (MSG) is the sodium salt of glutamic acid, used as an additive to offer “umami” taste in food products to improve palatability. MSG helps in enhancing the presence of other taste-active compounds. Monosodium Glutamate increases the obesity rates in human beings. Overweight and obesity are the fifth leading risk for global deaths. More than 2.8 million adults die because of being overweight or obese each year globally. The prices for organic food products vary from conventional products by a margin of 5%-60% for cereals & grains and 5%-30% for milk and other dairy products. For instance, according to a report by the USDA, consumers are willing to pay a premium for organic chicken and eggs. There has been an increase in demand for raw and processed organic foods in developed countries such as Europe and the US, where consumers are willing to pay higher, and the awareness about the benefits associated with the consumption of organic foods is also increasing among consumers.
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The coronavirus pandemic has made “panic buying” more prevalent in food and ingredients. To meet demand in the early stages of the pandemic, Supermarkets have cut up bulk product packages and sold them in small bags. As time spent at home increases, there is a tendency to consume food cooked at home, which increases the demand for flour and yeast products. The need for convenience and the need to address health concerns has led consumers to increase their intake of healthy snacks, soups, and salads, which also fueled the demand for organic yeast products.
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Based on Type, the report segments the market into Yeast Derivatives, Inactive Dry Yeast, Nutritional Yeast. Yeast Derivatives segment dominated the market in 2020 and is expected to maintain its dominance throughout the forecast period. The segment was valued at USD XX Million in 2020 and is likely to reach USD XX Billion by 2027 growing at a CAGR of XX% from 2021-2027. Based on Species, the report bifurcates the market into Kluyveromyces, Torulaspora, Candida, Saccharomyces. In 2020 Saccharomyces segment accounted for major share. Amongst Form, the Powder segment generated revenue of USD XX Million in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX Million by 2027F. Amongst Application, Food & Beverage segment dominated the market and is expected to grow at a significant rate during the analysed period. Based on distribution channel, the market is segmented into Online Stores, Retail Stores, Supermarkets. In 2020, Online channel generated revenue of USD XX Million in 2020 and is expected to reach USD XX Million by the year 2027, at a CAGR of XX% over the analyzed period.
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Additionally, the report provides detailed analysis and adoption of organic yeast in major regions including North America (United States, Canada, Mexico, and Rest of North America), Europe (France, United Kingdom, Germany, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of World (Middle East, and Africa). Asia-Pacific dominated the market in 2020. The major players operating in the market include Koninklijke DSM N.V, Angel Yeast Co. Ltd, Ohly, White Labs Copenhagen, Doves Farm Foods Ltd., Martin Braun-Gruppe, Nutraceutical International Corporation, Lesaffre, Lallemand, Imperial Yeast. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Organic Yeast Market Segmentation
Market Insight, by Type
- Yeast Derivatives
- Inactive Dry Yeast
- Nutritional Yeast
Market Insight, by Species
Market Insight, by Form
Market Insight, by Application
- Food & Beverage
- Bakery Industry
- Brewing Industry
- Animal Feed
Market Insight, by Distribution Channel
- Online Stores
- Retail Stores
Market Insight, by Region
- North America Organic Yeast Market
- United States
- Rest of North America
- Europe Organic Yeast Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Organic Yeast Market
- Australia & New Zealand
- South Korea
- Rest of Asia-Pacific
- South America Organic Yeast Market
- Rest of South America
- Rest of World Organic Yeast Market
- Middle East
Top Company Profiles
- Koninklijke DSM N.V
- Angel Yeast Co. Ltd
- White Labs Copenhagen
- Doves Farm Foods Ltd.
- Martin Braun-Gruppe
- Nutraceutical International Corporation
- Imperial Yeast