Global Revivable Yeast Market: Overview
Yeast plays a chief role in the process of fermentation. This unicellular organism is considered to be a key ingredient and has several strains with unique flavors and aromas. Revivable yeast is a rich source of energy. These are gluten-free and do not have salt. The revivable yeast is also rich in minerals, vitamins, and proteins.
Global Revivable Yeast Market: Growth Factors
Factors such as an increasing number of health-conscious consumers preferring revival yeast due to its nutritional properties, rising marketing of revival yeast through social media, and rising awareness toward eco-immunology & probiotics are spurring the growth of the global revivable yeast market. Moreover, while buying a product consumers are being careful regarding the raw materials used in the food products. The use of chemicals in food products may increase the risk of food allergies, nausea, food intolerance, cancer, and much more disorder among consumers. Owing to this, most of the population prefers organic and non-GMO products to avoid any unprecedented effects. This in turn is driving the growth of the market. Moreover, revivable yeast can be used as a salt replacer, flavor enhancer as well as substitute for meat in dairy products as well as a bakery. Hence, with the rising trend of veganism, the demand for revivable yeast is also growing, ultimately leading to the growth of the global revivable yeast market. Furthermore, the wide application of revival yeast in several industries including cosmetics, food & beverages, pet food industry as well as in personal care will create great opportunities for the growth of the global revivable yeast market.
The covid-19 pandemic has a multifaceted impact on the food & beverages industries. Due to lockdown, there is a disruption in supply chain & distribution, unavailability of raw materials, lack of labor and has also enforced the manufacturer & production unit to temporarily terminate the operations. Revival yeast is not only used in the food & beverages industry, but also in cosmetic, pet food, and personal care industries. All these industries had to face several challenges during the pandemic and are severely hit by such an outbreak of covid-19. Since all these industries are adversely affected, the demand for revival yeast has also decreased considerably. Moreover, the lockdown has also imposed a shutdown of bakery and retail shops. Owing to all these factors, the growth of the global revivable yeast market is slowed down during the pandemic.
Global Revivable Yeast Market: Segmentation
The global revival yeast market is categorized by type, sales channel, nature, and region. Based on type, the market is divided into a tablet, capsule, and powder. Based on the sales channel, the market is bifurcated into B2C and B2B. Among these, the B2B segment is anticipated to grow with the highest CAGR due to an increase in online sales owing to its ease in convenience & availability and current covid-19 pandemic situation. Based on nature, the market is based on a tablet, powder, and capsule.
Global Revivable Yeast Market: Regional Analysis
North America holds the largest share in terms of revenue and is anticipated to dominate the global revivable yeast market followed by North America. In North America, the growth in the market is attributed due to the presence of major manufacturers, the rising number of consumers owing to its nutritional value, and the rising trend of veganism among the population. The market in Europe is growing at a substantial rate due to the emergence of new players entering the market, a growing population preferring organic food as well as gluten-free food products, increasing demand in cosmetics, and the personal care industry. On the other hand, the Asia Pacific region is expected to show the fastest growth. This is attributed due to the rising interest of the major key players to expand their business in this region and the rising demand for the revivable yeast in the bakery.
Global Revivable Yeast Market: Competitive Players
Angel Yeast Company Ltd., Lallemand Inc., Alltech, Cypress Ingredients, Lesaffre, Bob's Red Mill Natural Foods, Bioforce Canada Inc., Kadac Pty Ltd, NOW Foods, and Quantum Nutrition Labs are some of the prominent players operating in the global revivable yeast market.
Global Revivable Yeast Market: Regional Segment Analysis
What Reports Provides