- Vitamin B12 fortified yeast is being marketed as an excellent vitamin B12 supplement via tablet or capsule.
- The powder form fortified yeast holds the major share in the market followed by flakes.
- Molasses fermentation is one of the processes for manufacturing inactive dried yeast, which is then fortified with other nutrients.
Considering the global dietary supplement consumption trend, especially in developed countries, fortified yeast sales are most likely to remain on an upward trend over the following years. While B12 deficiency would remain a key growth influence for global fortified yeast market, a new Future Market Insights (FMI) study projects more than 13% CAGR for the market during 2019 – 2029.
UN projections indicate the world’s geriatric population to be exceeding 2 billion in 2050. Research suggests that elderly people are more prone to vitamin B12 deficiency, which may lead to improper mobility due to loss of neurological functions. Fortified food containing vitamin B12 lowers the risk of deficiency. Vitamin B12 fortified yeast is being marketed as an excellent vitamin B12 supplement via tablet or capsule.
Consumers are demanding products obtained from natural sources and have positive impact on their health. Fortified yeast contains vitamins, proteins, and fibers. It has cheesy and nutty flavors which enhance the taste of the food product to which it is added.
Fortified yeast is available in different forms which include powder, flakes, tablet, and capsules. The powder form fortified yeast holds the major share in the market followed by flakes.
Over the course of forthcoming years, fortified yeast in capsule form is expected to show significant growth due to increasing demand for nutritional supplements offered by fortified yeast. Organic fortified yeast is still at an introductory phase but is expected to grow positively along with consumers’ demand for organic products.
Application of fortified yeast in the food & beverages segment contributes to more than 40% of the overall fortified yeast market. Fortified yeast is used in snacks and daily food and is witnessing significantly rising demand.
- Buy Research Report: Cough Suppressant Drugs Market to Witness a CAGR of 3.7% During the Forecast Period (2018 – 2026)
- Buy Research Report: Lab Automation Market to Reflect Impressive Growth in Pharmaceuticals and Biotechnology Industry
- Buy Research Report: Plasma Fractionation Market to Expand 1.5x through 2026, Convalescent Plasma (CP) Treatment amid COVID-19 to Inject Hope
- Buy Research Report: Medical Holography Market to Surge, Finds Significant Potential in Diagnosis of COVID-19
- Buy Research Report: Epinephrine Market to Exhibit at a CAGR of 11.0% Over the Forecast Period (2018 – 2026)
In addition to this, it finds application across various industries. For instance, the market witnesses demand from dietary supplement, personal care and other applications. Western Europe is anticipated to dominate the global fortified yeast in terms of value share in the current scenario. The demand for fortified yeast has especially impacted the North American market, showing a higher growth over the forecast period.
Molasses, also known as blackstrap molasses, is a by-product of the sugar refining process from sugar cane, where one hundred tons of sugar cane generates around 3 tons of cane molasses. India, Brazil, and Thailand are some of the prominent countries in the sugar industry. Molasses fermentation is one of the processes for manufacturing inactive dried yeast, which is then fortified with other nutrients.
Gujarat (India) is a dry state, where blackstrap molasses is easily available for manufacturing yeast and yeast products.
Future Market Insights, in its new offering, provides an unbiased analysis of the global fortified yeast market, presenting historical demand data (2014-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the fortified yeast market based on the nature (organic and conventional) form (powder, flakes, tablet, capsules) applications (food & beverages, dietary supplements, personal care, and other applications), distribution channel (B2B and B2C) across seven major regions.