Nutritional yeast is produced by deactivation of yeast. Nutritional yeast contains nutrients such as proteins, minerals, vitamin B1, B2, B6, and B12. It is available in the market in powder, granules or flakes form.

Market Dynamics:-

Nutritional yeast provides numerous health benefits such as it boosts immune system, lowers cholesterol levels, and promotes healthy hair, skin, and nails among others. Rising health awareness among consumers and growing awareness regarding the health benefits of nutritional yeast is a major factor driving growth of the global nutritional yeast market.

Furthermore, several players operating in the global nutritional yeast market are introducing organic nutritional yeast to cater to growing demand for organic products. For instance, in December 2015, Lesaffre, the yeast manufacturer in France, introduced Lynside NUTRI ORGANIC, an organic nutritional yeast to diversify its product portfolio and cater to growing demand for organic products. NUTRI ORGANIC is available in two forms, one is as flakes, which can be used for cooking and the other as powder form, which can be used alone or in combination with other ingredients such as dietary supplements and functional foods.

However, various side-effects associated with nutritional yeast such as it can cause migraine or headache, digestive disorder, facial flushing, and inflammatory bowel disease are expected to hinder the market growth.

Market Outlook:-

Among regions, North America is estimated to hold a significant share in the global nutritional yeast market in 2019. The U.S. is estimated to account for the largest market share in 2019. This is attributed to growing demand for organic products in this country, owing to rising health awareness among consumers. For instance, according to the Organic Trade Association, organic food sales were estimated at US$ 47.9 billion in 2018, which was an increase of 5.9% from 2017 in the U.S.

Furthermore, according to the same source, approximately 93% of the organic sales take place through natural and conventional supermarkets and chains, which is aiding in growth of supermarket distribution channel segment in the global nutritional yeast market.

Europe is estimated to be a lucrative market in 2019. The U.K., Germany, and France are the countries accounting for a major nutritional yeast market share in 2019. Nutritional yeast is a vegan source of antioxidants, proteins, minerals, vitamins, etc. Moreover, growing vegan and vegetarian populations is also fuelling growth of the nutritional yeast market globally. According to the Vegan Society, the population of vegans in the U.K. in 2015 was 150,000 which increased to 600,000 in 2018.

Key Players:-

Players operating in the global nutritional yeast market include Lesaffre Group, Cargill, Incorporated, Lallemand Inc., Angel Yeast Co. Ltd., Archer Daniels Midland Company, ABF Ingredients Ltd., AB Mauri, and NOW Foods among others.

Market Taxonomy:-

On the basis of form, the global nutritional yeast market is segmented into:

  • Flakes
  • Powder and Granules

On the basis of product type, the global nutritional yeast market is segmented into:

  • Unfortified
  • Fortified

On the basis of application, the global nutritional yeast market is segmented into:

  • Animal Feed
  • Food

On the basis of distribution channel, the global nutritional yeast market is segmented into:

  • Supermarkets
  • Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

On the basis of region, the global nutritional yeast market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users