The global augmented analytics market size is likely to attain over USD XX billion by the year 2028. Besides, it is likely to project a CAGR of nearly XX during the forecast years 2021-2028. Organic yeast is grown and processed in accordance with the principles of organic agriculture. The yeast's raw materials are derived from organic agriculture. Unlike conventional yeast, which uses ammonia or similar compounds as a nitrogen source, organic yeast uses plant-derived nitrogen.
The globally rising demand for organic bakery products will drive the organic yeast market in the forecast period. Consumer perceptions such as avoiding synthetic chemicals, higher nutritional value involvement, and concerns about antibiotic drug residues are some factors driving the growth of the market. The yeast is known as organic, when yeast is part of the 95% of the ingredients of agricultural origin, by weight. The global food industry is witnessing a continuous change in consumer preference in the recent years and the eco-conscious eaters will likely boost the product market growth by 2024. Food items made with organic yeast contain more whole food ingredients than conventional breads. This is increasing demand for chemical-free ingredients, which will drive the product market growth.
The report also emphasizes several distinctiveness of the global organic yeast industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the organic yeast industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The organic yeast market has tough competition among the new emerging and pre-established market vendors. Besides, the organic yeast industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the application, the market is segmented into nutrition, food, feed, and beverages. The food sector seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years. The growth of this segment is largely ascribed rising demand for a substitute to MSG to boost the growth of the organic yeast market.
Asia-Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth will be attributed to the change consumer lifestyles and rising tendency among them to adopt modern food trends. However, the Europe region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the presence of large number of organic yeast manufactures.
The major players of the global organic yeast market are NOW Foods, Doves Farm Foods Ltd., Bluebonnet Nutrition, Solgar Inc., Frontier Natural Products, Imperial Yeast, Ohly, Marigold Health Foods Ltd., Martin Braun-Gruppe, and Bob’s Red Mill Natural Foods.
Key Segments of the Global Organic Yeast Market
Types Overview, 2019-2028 (USD Million)
- Yeast Derivatives
- Inactive Dry Yeast
- Yeast Extracts
- Nutritional Yeast
Application Overview, 2019-2028 (USD Million)
Species Overview, 2019-2028 (USD Million)
Regional Overview, 2019-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America