Of late, the growing prevalence of cardiovascular disorders and other health conditions is becoming a cause of great public health concern. Sedentary lifestyle trends and poor dietary habits are some of the key factors contributing to such alarming developments. Healthy diets are being promoted by government organisations and other healthcare bodies to overcome such health challenges. Adopting a healthy diet is a highly productive strategy to prevent such diseases. Moreover, growing disposable incomes and healthcare awareness is pursuing large sections of the consumer base to adopt food items such as nutritional yeast. Moreover, recent trends to adopt vegan, vegetarian, and organic food items and cuisines are also creating demand for nutritional yeast. This is primarily due to its capability to add desirable flavour to many food items. The cumulative force of these factors is set to lead the global nutritional yeast market to sound maturity.
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Mounting Demand for Vegan Foods to Create Notable Growth Prospects
In the recent past, vegan diets have become more and more popular due to changing consumer perceptions and growing environmental concerns. Several vegan products use nutritional yeast to add a cheesy, savoury, and umami flavour to food items. They are also low-calorie in comparison to hard cheese. This makes it exceptional to be used to add a creamy texture to sauces, bagels, pasta, and shakes on top of popcorn, among other dishes. The combination of its nutritional value and desirable taste benefits is creating ample growth possibilities in the global nutritional yeast market. Soaring demand for low-calorie, sugar-free, and gluten-free vegan food products is expected to create fruitful opportunities in the study period.
Growing Consumer Propensity for Organ Foods to Create Opportunities
Concerns of cardiovascular disorders and other health disorders are growing amidst commonplace sedentary lifestyles. Against this backdrop, consumers are actively trying to make their diets healthier and low in harmful substances. The demand for organic food products has skyrocketed in such market conditions. Many consumers are substituting harmful substances such as monosodium glutamate (MSG) with organic yeast-based products. Organic nutritional yeast is often used in salads, soups, popcorn, dips, casseroles, and other food products. As the awareness and demand for organic food alternatives keep growing at a rapid pace, the global nutritional yeast market is set to showcase highly positive outcomes in the forthcoming years.
North America to Lead Nutritional Yeast Market Amidst Paced Adoption of Vegan Diets
Growing consumer propensity for vegan and vegetarian diets across North America has accelerated the growth of the nutritional yeast market in North America. Many products such as bread, rye bread, white bread, brown bread, whole wheat bread, buns, and several other high-demand bakery items use nutritional yeast. In addition, the increasing need for the enrichment of animal feed products is also driving the regional nutritional yeast market to greater heights. Meanwhile, Asia Pacific is poised to exhibit the fastest growth to due soaring demand for natural and organic food items in major economies such as China, Japan, and India.
Major Market Players
Some of the top players in the global nutritional yeast market include Angel Yeast, Lesaffre Group, AB Mauri, Alltech, The Archer Daniels Midland Company, Cargill Inc., Biomin, Leiber GmbH, Bragg Premium, and Chr. Hansen A/S.
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