PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 969538
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 969538
According to Stratistics MRC, the Global Organic Yeast Market is accounted for $323.56 million in 2019 and is expected to reach $830.17 million by 2027 growing at a CAGR of 12.5% during the forecast period. Increase in demand for organic food products across the globe, fast-paced lifestyle of consumers and changing consumption patterns are the major factors driving the market growth. However, stringent regulations governing the production and marketing of organic products is restraining the market growth. Moreover, growing trend of veganism and vegetarianism among consumers and increase in use as an alternative to monosodium glutamate (MSG) to provide "umami" taste in food products would provide ample opportunities for the market growth.
The organically grown nutritional yeast is known as organic yeast. It is grown and processed according to the principles of organic agriculture. They are better for the environment and a healthier choice for the consumer. They are widely used in food industry.
Based on species, the saccharomyces segment is likely to have a huge demand as it is a genus of fungi that includes many species of yeasts. Many members of this genus are considered important in food production. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rise in demand for natural and organic food ingredients from the major economies such as China, India, Japan and other South East Asian countries.
Some of the key players profiled in the Organic Yeast Market include Agrano GmbH & Co KG, Angel Yeast Co Ltd, Biorigin, Biospringer, Bluebonnet Nutrition Corporation, Bob's Red Mill, Campbell's Soup Company, Doves Farm Foods Ltd, Frontier Co-Op, Imperial Yeast, Koninklijke DSM N.V., Lallemand Inc, Leiber GmbH, Levapan S.A., Levex, Marigold Health Foods Ltd, Marroquin International, Martin Braun Gruppe, Now Foods and Ohly.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.