(Entertainment-NewsWire.com, November 24, 2020 ) The global organic yeast market size is estimated to be valued at USD 364 million in 2020 and is expected to reach a value of USD 599 million by 2025, growing at a CAGR of 10.5% during the forecast period. Factors such as increasing awareness among consumers about health & wellness, growing need to replace monosodium glutamate (MSG) as an additive in food products, and increased demand for organic food products across the globe is driving the growth of the market.
With the increase in awareness among consumers about the benefits of organic food products, the retail sales of organic food products have increased. The US is one of the largest consumers of organic food products in the world, followed by Europe. The largest markets for organic food products in Europe are Germany, France, and Italy.
According to a report by FiBl in 2017, the market for organic food products is growing in countries such as Brazil, Mexico, Chile, and Paraguay. Similarly, the US organic sector is also witnessing an upward trajectory as consumers are witnessing a high demand for organic products, which has enabled them to acquire a larger market share. As per a survey conducted by FiBl on Standards and Legislations, nearly 93 countries had set organic standards in 2018. The number of countries developing regulations and standards for organic products is increasing. Some of the countries that have the largest retail market for organic food products include the US, China, France, Germany, and Italy.
Most of the organic yeast products are used in the food industry due to the “umami” or popularly known as savory taste. The stringent regulations around the use of monosodium glutamate (MSG) in food products for enhancing its taste has led to the increase in popularity of organic yeast extracts and derivatives in the food industry as a substitute. It is also used in the wine-making process to enhance the flavor of wine and provide a distinct taste.
Key players are Koninklijke DSM N.V (Netherlands), Lallemand (Canada), Biospringer (France), Leiber GmbH (Germany), Ohly (Germany), Levapan (Colombia), Biorigin (Brazil), Agrano Gmbh & Co. KG (Germany), Red Star Yeast Company (US), Angel Yeast Co. Ltd (China), Solgar Inc (US), Imperial Yeast (Portland), Levex (Turkey), and White Labs Copenhagen (US), and Rapunzel Naturkost (Germany)
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
