USD 2278.29 million
Torula Yeast Market Size, Share, Growth Analysis, By Type(Instant Yeast, Active Dry Yeast, Fresh Yeast), By Form(Food and Beverages, Pharmaceuticals, Pet Foods), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2082 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
63
|Figures:
75
Torula Yeast Market Insights
Torula Yeast Market size was valued at USD 2278.29 million in 2019 and is poised to grow from USD 2362.58 million in 2023 to USD 3159.49 million by 2031, growing at a CAGR of 3.7% in the forecast period (2024-2031).
Torula yeast is a single-celled microscopic fungus found in abundance in nature. It is used widely in the production of food products and beverages. There are many different types of yeast, one of which is the Torula yeast.
This yeast can be found worldwide in a variety of settings, such as on substrates rich in cellulose, such as leaves litter, paper pulp, and wood pulp. Many regions cultivate wood pulp torula yeast for industrial purposes. Torula yeast is used as a food additive because it produces glutamic acids, which when combined with nucleotides, give foods a strong savory taste.
Torula yeast is used in many processed foods. It is a type of yeast that is used to make soups, pasta, rice mixes, snack food, salad dressings, processed meats, gravies, and sauces. Due to celiac disease or any other allergy, many people prefer gluten-free foods. Due to the fact that gluten can be found in many foods made with wheat, barley, or rye, determining a gluten-free diet becomes difficult.
Torula is a naturally extracted gluten-free yeast because it is not made from these grains. A significant source of nutrition is torula yeast. It is low in salt and has a lot of zinc, amino acids, and vitamin B. The torula yeast has a lot of proteins and makes up about 60% of the protein. The torula yeast is a food-grade product because of the health benefits it provides and is therefore safe for human consumption.
The yeast can be stored for approximately two years. The torula yeast not only enhances the flavor and texture of processed foods, but it also ensures that there is minimal flavor and aroma loss during the cooking process.
US Torula Yeast Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Instant Yeast
Fastest Growth
Instant Yeast
Growth Rate
3.7% CAGR
Global Torula Yeast Market ($ Bn)
Country Share for North America Region (%)
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Torula Yeast Market Segmental Analysis
The Torula Yeast Market is segmented on the basis of By type, By Form, and By Application, and By Region. Whereas, By Type is sub segmented into the Baker’s yeast, Feed yeast, Wine yeast, Bio-ethanol yeast, Others (nutritional yeast/deactivated yeast). By Form is sub segmented into the Instant Yeast, Active Dry Yeast, Fresh Yeast, By Application is sub segmented into the Food and Beverages, Pharmaceuticals, Pet Foods. The region is classified into North America, Europe, Asia Pacific, South America, Middle East and Africa.
Torula Yeast Market Analysis by Form
The Instant Yeast segment accounts for the majority of the market, Because it dissolves and activates quickly in comparison to the other forms. The active dry yeast market is expected to expand significantly. Because it can be used in place of instant yeast, however its few properties vary from instant yeast.
Torula Yeast Market Analysis by Application
The food and beverages sector leads the application sector. Due to the growing demand from consumers for flavor enhancers. The growing preference for flavor among consumers has resulted in the widespread use of torula in a variety of processed foods, including burgers, pasta, salad dressings, processed meats, and others.
Global Torula Yeast Market By Form
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Torula Yeast Market Regional Insights
North America held the largest share of the global torula yeast market in 2021 and it is expected to dominate the global market during the forecast period. Due to the rise in the consumption of convenience foods in the region. Torula is used as a thickener and to increase the nutritional value of protein shakes and other protein-based foods. Additionally, its market expansion has been further boosted by consumers' growing preference for umami flavor.
The market for torula yeast is expanding significantly in Europe. This versatile product is used in a variety of industries, including pet foods, paper, and pharmaceuticals. To impart a meaty flavor and enhance its flavor, torula yeast has been increasingly used in vegan products as a result of the growing vegan movement. This has fueled the expansion of its regional market.
The Asia Pacific region is experiencing significant expansion as consumers' awareness of torula's health benefits and nutritional properties grows. The region's digitalization boom has made consumers aware of the harmful effects of synthetic flavor enhancers on health, and this awareness, combined with the product's low price, has driven its regional market.
Global Torula Yeast Market By Region
- Largest
- Fastest
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Torula Yeast Market Dynamics
Torula Yeast Market Drivers
Demand from Numerous End User Industries to Boost Market Growth
- Torula yeast is widely used in a variety of vegan processed foods, Because of its meaty flavor and tan color, Torula is an excellent natural replacement for monosodium glutamate in food products due to its umami flavor and rich flavor. These factors have accelerated its expansion into the global market, and the rising popularity of convenience foods has also contributed positively to the sales performance of torula yeast. The torula yeast is a versatile yeast with numerous nutritional properties that can be used as a raw material and an additive in a variety of processed foods. It has vitamins, enzymes, and a lot of amino acids that help improve taste and are good for your health. This is a big reason why the market is growing.
Torula Yeast Market Restraints
Alternatives in the Market will Hinder Growth
- Monosodium glutamates, veal stock, and dashi, among other torula yeast substitutes, all perform the same functions and can hold the potential to replace torula yeast in the coming years. This factor is likely to hinder the market growth during the forecast period.
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Torula Yeast Market Competitive Landscape
The competitive landscape for the torula yeast market will look at each company's overview, business description, product portfolio, key financials, and more.A PEST analysis, a Porter's Five Forces analysis, a supply-chain analysis, and market expansion strategies are also included.
Torula Yeast Market Top players company Profiles
- Associated British Foods plc
- Lesaffre Group
- Lallemand Inc.
- AB Mauri
- Leiber GmbH
- Chr. Hansen A/S
- Alltech Inc.
- Archer Daniels Midland Company
- Nutreco N.V.
- Oriental Yeast Co., Ltd.
- Kerry Group
- Angel Yeast Co. Ltd.
- Synergy Flavors
- Titan Biotech Ltd.
- Oriental Yeast Co., Ltd.
- Biospringer
- Suboneyo Chemicals Pharmaceuticals Pvt. Ltd.
- Oriental Yeast Co., Ltd.
- Biorigin
- ICC Brazil
Torula Yeast Market Recent Developments
- In May 2022, In any application for a food product, texture can be a subtle but crucial feature.As with other categories of ingredients, the move away from artificial additives is leading to new developments in texturizing ingredients that give a lot of mouthfeel without affecting a finished product's clean label credentials.
Torula Yeast Key Market Trends
- Torula yeast should be promoted aggressively by market participants as an ideal and cost-effective alternative to chemical additives like MSG, taking into account the growing veganism trend and the development of novel vegan recipes. Because the torula yeast is made from wood alcohol, its manufacturers can market it as a gluten-free, allergen-free, and less expensive alternative to dashi and veal stock, which are natural food flavorings.
Torula Yeast Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global torula yeast market analysis, the market's expansion is being driven by rising consumer preferences for food products with lower salt content and natural ingredients. Because of their high levels of vitamins, minerals, and nucleotides, yeast extracts are utilized as an alternative to MSG.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2278.29 million |
| Market size value in 2031 | USD 3159.49 million |
| Growth Rate | 3.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Torula Yeast Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Torula Yeast Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Torula Yeast Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Torula Yeast Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Torula Yeast Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Torula Yeast Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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