Global Organic Yeast Market - 2022-2029

Global Organic Yeast Market - 2022-2029:

Market Overview

Organic Yeast Market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 8.98% during the forecast period (2022-2029).

Organic yeast is commonly used as fermenting agent. Organic yeast is grown on the plant-derived media through a natural fermentation process. It is grown and processed according to the principles of organic agriculture. Organic yeast requires several nutrients to grow, such as sugar, nitrogen, vitamins, and minerals. Organic yeast production provides these nutrients through organic plant-derived ingredients such as molasses, cereals, or leguminous crops. It is a great source of vitamins and minerals and also contains all nine essential amino acids, making it a complete protein like those in animal products. These nutrients are important to assist functions like tissue repair and nutrient absorption and prevent muscle loss. Increasing demand for healthier and natural food and growing environmental respect drive market growth of organic yeast.

Market Dynamics: Increasing demand for organic bakery and food products drives the market growth

The rise in consumption of specialty bread, gourmet and convenience food product in Asia has driven the sales of bakery products, which in turn drives the demand for organic yeast in bread and bakery product application. Also, increasing consumer demand for ready-to-cook food items is expected to boost the market growth. Bakery food products like cakes have substantial demand in the upcoming years, owing to increased preference for eating cakes as snacks among children worldwide. Pizza consumption has been trending in recent years, which is expected to boost demand for organic yeast over the forecast period.

Moreover, the global demand for organic food products is expected to drive the growth of the global organic yeast market. This is mainly because of rising consumers' awareness about the side effects of synthetic food products and the higher nutritional value of organic food products, concerns over the health effects of naturally adapted foods, and the expectation that organic foods are harmless. The food products made from organic yeast have additional food ingredients compared to conventional bakery products. This increases the demand for natural ingredients, which drives the growth of the organic yeast market. To meet the rising demand of consumers, many retailers have presented a private label line of organic yeast and producers continue to introduce various organic products.

Market Segmentation: Organic yeast extract segment accounted for the highest share in global organic yeast market

In 2021, organic yeast extract contains the cell contents of yeast without the cell walls. Yeast extracts are used for food additives, flavorings, or nutrients for bacterial culture media. They are also used to create savory flavors and umami tastes sensations and can be found in a large variety of packaged food, including frozen meals, crackers, snacks, gravy, and more. Yeast extracts are a rich source of vitamin B except for vitamin B12 and contain glutamic acid (free glutamates), an amino acid that adds an umami flavor. Organic yeast extracts are natural ingredients that, unlike conventional yeast extracts, are produced without adding chemicals and synthetic additives. Organic and naturally sourced products are becoming increasingly popular among customers, particularly in industrialized countries. Manufacturers use organic substances derived from yeast extract and plants to keep up with consumer preferences. Yeast extract is popular as a food flavor enhancer, particularly in the food and beverage industry. Organic yeast extract is also used to improve the taste of alcoholic and non-alcoholic beverages.

Geographical Penetration: Asia Pacific is the dominating region during the forecast period

The Asia Pacific is projected to be the dominating region due to the rise in demand for natural and organic food ingredients from the major developing countries such as China and India due to the surge in the increase in the number of health-conscious consumers. Also, the increase in disposable income and awareness about the nutrient requirement in daily diet has increased the demand for protein-rich food products. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities for dietary supplements. This cause’s organic yeast to flourish as it acts as a high-quality nutritional supplement containing vitamins, minerals and proteins, which help boost immunity. India accounted for a significant share of XX% in the year 2021. Bakery products like biscuits and breads accounted for a largest share in the country. Some of the major key players in developing countries increase their production due to high product demand. For instance, in May 2021, Angel yeast expanded its production in China to meet the demand for natural and nutritional flavorings. This manufacturing site produces additional 15,000 tons of yeast extract annually. This yeast extract is used in microbial and animal nutrition and in the food and beverage industry.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players are LeiberGmbh, Angel Yeast Co Ltd, White Labs Copenhagen, Biorigin, Lallemand, Ohly, Biospringer, Imperial Yeast, Rapunzel Naturkost and DSM, among others. Some of the key players opened new factories of food ingredients to expand their business. For instance, in April 2022, Angel Yeast Co., Ltd, a listed global yeast and yeast extract manufacturer, opened a new factory of food ingredients. As a global innovator in the production of yeast-based products and food ingredients, Angel developed variously standardized and customized baking ingredients and solutions, including baker's yeast, bread improvers, leavening agents, ready-mixed products, etc. Some major companies launched new products in the market to expand their product portfolio. For instance, in November 2021, Angel Yeast launched a vegan-friendly yeast protein named AngeoPro F80. This product is a vegan-friendly, allergen-free, natural-origin yeast protein. AngeoPro F80 is rich in nutrition and protein content with properties can neutralize off-flavors and boost the overall taste profile. AngeoPro F80 is widely used in various products, including protein bars, beverages, and baked sweets, as well as a wide range of plant-based food, including vegan fish, vegan burgers, vegan cheese analog, vegan chicken cutlets, etc. In June 2021, White Labs launched its new product, PurePitch Next Generation, which is the most superior and consistent organic yeast.

COVID-19 Impact:

Positive impact on the global organic yeast market

The COVID-19 pandemic became an important driver in boosting organic food sales. Consumers in many countries such as France, Germany, Italy, Austria, Spain and the Nordic countries changed their food purchasing and consumption habits during lockdown period when restaurants were closed, and home cooking became the norm. To take better care of themselves, when purchasing food at retail locations, consumers tended to purchase foods they viewed as good for their health. During the pandemic, total sales of organic food products increased as consumers perceived organic food as being healthier and good for immunity. For instance, according to the Organic Trade Association (OTA), U.S. organic product sales increased by 12.4% in 2020, breaking the $60 billion mark for the first time, more than doubled from 2019. This shift in perception is likely to drive the growth of the organic yeast market.

The global organic yeast market report would provide an access to approximately 61 market data tables, 57 figures and 170 pages