What is the global market size of Torula Yeast Market?

Global Torula Yeast Market size was valued at USD 2278.29 million in 2021 and is poised to grow from USD 2362.58 million in 2022 to USD 3159.49 million by 2030, growing at a CAGR of 3.7% in the forecast period (2023-2030).

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 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.

Torula Yeast Market Report Snapshots

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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).

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. '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 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 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 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.

North America held the largest share of the torula yeast market in 2021 and it is expected to dominate the 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.

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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

Torula Yeast Market Regional Insights

Torula Yeast Market Report Snapshots

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