The ‘Global Torula Yeast Market Trends, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global torula yeast market, assessing the market on the basis of its segments like types, forms, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 8%
The thriving food and beverage industry due to increasing population, rising disposable income, and increasing dining-out activities among adults worldwide is driving the demand for torula yeast. The increasing demand for cooked grains and vegetables dishes owing to the increasing inclination towards health and fitness is further propelling the market demand.
Additionally, the increasing incorporation of torula yeast in condiments is further bolstering the torula yeast market growth. Moreover, the increasing awareness pertaining to the health benefits of the product is likely to compel the producers to increase the production of torula yeast in the forecast period.
Torula yeast is a crucial ingredient in the production of animal feed. In this regard, the increasing demand for pet food and snacks is boosting the demand for torula yeast as an ingredient. Over the forecast period, the anticipated increase in the popularity of torula yeast recipes such as yeast pasta, and vegetarian miso gravy, among others, is likely to provide impetus to the torula yeast market.
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At a regional level, the Asia Pacific occupies a significant market share owing to the large vegetarian population across countries like India. The increase in sale of premium packaged torula yeast-based food products in the region is likely to bolster the demand for the product in the forecast period.
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Torula Yeast Industry Definition and Major Segments
Torula yeast is a yellow-coloured powder which is made up of thousands of single-celled fungi. It is procured during the paper production process and is widely utilised in the food and beverage industry as a food additive. It brings a smoky taste and great texture to the food product. Moreover, torula yeast is an excellent source of vitamins and protein, further supporting the torula yeast market.
Based on type, the market can be segmented into:
- Baker’s Yeast
- Wine Yeast
- Feed Yeast
- Bio-Ethanol Yeast
- Others
On the basis of form, the market has been segmented into:
- Instant Yeast
- Dry Yeast
- Fresh Yeast
- Others
The major end uses of the market include:
- Food and Beverage
- Feed
- Pharmaceuticals
- Pulp and Paper
- Others
On the basis of region, the market can be categorised into:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Torula Yeast Market Trends
The key trends in the global torula yeast market include the changing consumer preference towards high protein meat alternatives. Torula yeast is high in protein which makes it ideal for various food products which support body building and fitness. The increasing sales of torula yeast-based clean labelled food products is contributing to the market growth.
The increasing expansion of the pharmaceutical industry is likely to be a key trend in the market. Torula yeast is applied in the pharmaceutical industry as a laboratory culture medium. Hence, the growing research and development activities in the pharmaceutical and biotechnological industry are likely to be the major torula yeast market driving factors.
Moreover, torula yeast is used to make Glucosylceramide (GlcCer), which improves dermal elasticity by increasing the resilience of skin. The increasing demand for anti-wrinkle cosmetics is likely to lead to a heightened demand for torula yeast in the coming years.
The flourishing e-retail industry is another major trend in the market which is likely to boost the demand for torula yeast by enhancing the sales figure of the downstream products of torula yeast.
Key Market Players
The major players in the torula yeast market report 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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