Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,898 Million | USD 3,984 Million | 3.6% | 2023 |
The global torula yeast market size was worth around USD 2,898 million in 2023 and is predicted to grow to around USD 3,984 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.6% between 2024 and 2032.
Another name for torula is Candida utilis. A byproduct of the paper industry is this particular form of yeast. On the leftover sulfite liquid from the wood pulp, torula yeast grows during the process of converting wood into paper. It can then be taken and dried to make a powder. Torula yeast has a tan color and a slightly meaty flavor after drying. Given that it is currently added to human food but was previously only used in dog food, it can have a bad connotation. It is a well-liked substitute for MSG because of its umami qualities and deep flavor. The torula yeast market is being driven by several variables such as increasing demand for natural food ingredients, growth in the functional foods and beverages industry, rising popularity of plant-based diets, expansion of the animal feed industry, growing awareness of prebiotics, and many others.
Demand from numerous sectors drives market growth
Due to its umami flavor and rich flavor, torula yeast is frequently utilized in a range of vegan processed goods. Its meaty flavor and tan color make it a great natural substitute for monosodium glutamate in food products. These elements have expedited its global market expansion, and Torula yeast sales performance has also benefited from the growing ubiquity of convenience foods. A versatile yeast with many nutritional benefits, torula yeast can be added to and utilized as a raw material in a wide range of processed meals. Its many amino acids, vitamins, and enzymes enhance flavor and are beneficial to the body. Thus, this is expected to drive the torula yeast market growth.
Competition from alternatives hinders market growth
Alternatives to torula yeast include yeast extracts, plant-based alternatives, and monosodium glutamate (MSG), which are natural taste enhancers and nutritional supplements. To increase flavor, for example, two distinct sources of flavoring are Torula yeast and monosodium glutamate (MSG), each with its unique properties. A popular ingredient in many different cuisines, MSG is a sodium salt of glutamic acid. Contrarily, the nutritional advantages and more natural umami flavor of torula yeast, which is derived from Candida utilis, are available. The Torula yeast market demand may be affected by the accessibility and affordability of various substitutes.
Increased awareness of health benefits offers a lucrative opportunity for market growth
The advantages of torula yeast for intestinal health and as a source of vital nutrients are becoming more widely recognized. Protein-wise, torula yeast is incredibly rich in vital amino acids that are necessary for normal muscle growth, wound healing, and overall body growth. This yeast has one of the most significant amounts of B12, which is essential for the synthesis of red blood cells, strong immune systems, and healthy muscles. In addition, minerals like chromium and selenium support a healthy metabolism and thyroid and immune systems, respectively. This knowledge is promoting its use in dietary supplements and functional foods. Thus, this is expected to offer a lucrative opportunity for the torula yeast industry growth.
Environmental and sustainability concern poses a major challenge to market expansion
Although torula yeast comes from a paper industry leftover, there can be worries about how its production process affects the environment or how sustainably its source is obtained. Potential constraints can be reduced by addressing these issues through sustainable practices and certifications. Thus, this might be a major challenging factor for the torula yeast industry expansion during the forecast period.
The global torula yeast industry is segmented based on type, application, and region.
Based on the type, the global torula yeast market is bifurcated into active dry yeast, instant yeast, and fresh yeast. The instant yeast segment is expected to dominate the market during the forecast period. Instant yeast is a crucial component of baked goods since it facilitates dough fermentation with consistency and ease. The need for quick yeast is being driven by the expansion of the baking sector, especially in emerging nations. In addition, the preference for convenience foods and the growing acceptance of frozen and fresh baked goods are driving up the market for instant yeast, which makes dough rise quickly and easily. Furthermore, the effective use of quick yeast in large-scale bakery operations is being supported by developments in baking technology, such as automated dough handling systems and enhanced mixing procedures. Thus, this is expected to propel the segment expansion.
Based on the application, the global torula yeast industry is bifurcated into pharmaceuticals, food & beverages, and pet foods. The food and beverages segment is expected to hold a prominent market share over the projected period. Torula yeast is prized for its inherent ability to amplify umami and savory flavors. It is a clean-label ingredient that appeals to customers looking for products with identifiable, natural ingredients. Furthermore, torula yeast is being utilized more frequently in functional foods and nutritional supplements due to its possible health benefits, which include support for gut health and antioxidant qualities. These goods serve consumers who are concerned about their health and seek additional nutritional advantages over just basic nourishment. Furthermore, the market for Torula yeast is developing due to the expansion of the food and beverage industry globally and the increased awareness of health and wellbeing among consumers. This tendency is especially noticeable in areas where there is a high demand for functional and clean-label substances.
Report Attributes | Report Details |
---|---|
Report Name | Torula Yeast Market |
Market Size in 2023 | USD 2,898 Million |
Market Forecast in 2032 | USD 3,984 Million |
Growth Rate | CAGR of 3.6% |
Number of Pages | 202 |
Key Companies Covered | Alltech Inc., Associated British Foods plc, Lesaffre Group, Archer Daniels Midland Company, Lallemand Inc., Leiber GmbH, AB Mauri, Oriental Yeast Co. Ltd., Chr. Hansen A/S, Nutreco N.V., Kerry Group, Synergy Flavors, Oriental Yeast Co. Ltd., Suboneyo Chemicals Pharmaceuticals Pvt. Ltd., Angel Yeast Co. Ltd., Titan Biotech Ltd., Biospringer, Biorigin, Oriental Yeast Co. Ltd., and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global torula yeast market during the forecast period because convenience food consumption has increased in the area. Protein shakes and other foods containing protein can benefit from the addition of torula as a thickening and nutritional booster. Additionally, the increased appreciation for umami flavor among consumers has further aided in its market rise.
On the other hand, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growing health consciousness of consumers in the Asia Pacific is propelling the market expansion of functional foods and dietary supplements. Torula yeast can be used in functional food and nutraceutical products because of its possible health benefits. In addition, food producers in the Asia Pacific are looking for sustainable production and sourcing practices as sustainability becomes a major concern. This tendency to turn waste streams into useful goods is exemplified by torula yeast, which is produced from a byproduct of the paper pulping process.
The global torula yeast market is dominated by players like:
By Type
By Application
FrequentlyAsked Questions
Another name for torula is candida utilis. A byproduct of the paper industry is this particular form of yeast. On the leftover sulfite liquid from the wood pulp, torula yeast grows during the process of converting wood into paper. It can then be taken and dried to make a powder. Torula yeast has a tan color and a slightly meaty flavor after drying. Given that it is currently added to human food but was previously only used in dog food, it can have a bad connotation. It is a well-liked substitute for MSG because of its umami qualities and deep flavor.
The torula yeast market is being driven by several variables such as increasing demand for natural food ingredients, growth in the functional foods and beverages industry, rising popularity of plant-based diets, expansion of the animal feed industry, growing awareness of prebiotics, and many others.
According to the report, the global torula yeast market size was worth around USD 2,898 million in 2023 and is predicted to grow to around USD 3,984 million by 2032.
The global torula yeast market is expected to grow at a CAGR of 3.6% during the forecast period.
The global torula yeast market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing food & beverages industry.
The global torula yeast market is dominated by players like Alltech Inc., Associated British Foods plc, Lesaffre Group, Archer Daniels Midland Company, Lallemand Inc., Leiber GmbH, AB Mauri, Oriental Yeast Co., Ltd., Chr. Hansen A/S, Nutreco N.V., Kerry Group, Synergy Flavors, Oriental Yeast Co., Ltd., Suboneyo Chemicals Pharmaceuticals Pvt. Ltd., Angel Yeast Co. Ltd., Titan Biotech Ltd., Biospringer, Biorigin and Oriental Yeast Co., Ltd. among others.
The torula yeast market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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