The new report by Expert Market Research titled, ‘Global Torula Yeast Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global torula yeast market, assessing the market based on its segments like types, forms, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): About USD 3.7 billion (Global Yeast Market)
• Forecast CAGR (2022-2027): 8.0% (Global Yeast Market)
The increasing application of torula yeast in vegan processed food items is driving the market. Over the forecast period, the increasing inclination towards veganism, and increasing demand for clean-labelled nutritional food products are likely to drive the market. Moreover, the increasing utilisation of torula yeast as a replacement of monosodium glutamate (MSG) is likely to be the key driving factor of the market. Furthermore, torula yeast is incorporated in fast foods such as burger, pizza, and pasta, among others. Hence, the rising demand for fast foods is anticipated to augment the market growth in the coming years. Geographically, the Asia Pacific accounts for a significant share in the market owing to the high population base in India and China.
Industry Definition and Major Segments
Torula yeast, variously known as Candida Utilis, is defined as a food product rich in protein which is made from yeast-like fungus. The flavour of this food is smoky, and umami and it is rich in nutrition. It contains number of vitamins and minerals such as iron, phosphorus, and zinc, among others. Torula yeast is often used as a food additive in animal feed, and in powdered form, can be sprinkled in sauces, dressings, or popcorn.
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On the basis of type, the market can be divided into:
• Baker’s Yeast
• Feed Yeast
• Wine Yeast
• Bio-Ethanol Yeast
• Others
Based on form, the market has been segmented into:
• Instant Yeast
• Dry Yeast
• Fresh Yeast
• Others
The market can be segmented based on end use into:
• Food and Beverage
• Feed
• Pharmaceuticals
• Pulp and Paper
• Others
The regional markets for torula yeast include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The key trends in the torula yeast market include the growing expansion of the e-commerce industry with the growing popularity of online food delivery platforms. Hence, this factor is anticipated to be a key propelling factor in the market. Meanwhile, the robust development of supermarket/hypermarket and convenience stores in the emerging economies, owing to the rising standards of living and rapid urbanisation is anticipated to propel the demand for premium packaged torula yeast food products in the forecast period. Furthermore, the growing partnership and acquisition by the major market players aimed towards boosting the sales of torula yeast products is likely to garner the market in the coming years.
Key Market Players
The major players in the market are ABF Ingredients Limited, Lallemand Inc., and KOHJIN Life Sciences Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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