DUBAI, UAE / ACCESSWIRE / Set to cross the billion-dollar mark by 2029, global nutritional yeast market will witness an astounding CAGR of 14% over the course of forecast period (2019 - 2029). Increasing incorporation of nutritional yeast in various end-use industries such as personal care, animal feed, dietary supplements, and food & beverages will remain a key booster to market growth, as suggested by a new Future Market Insights (FMI) report.
"Salt-free and gluten-free attributes of nutritional yeast are inflating the profit pool of manufacturers, worldwide. Sales of nutritional yeast will soar steadily through 2029 in view of rising preference amongst vegan, health-conscious, and geriatric population," concludes the FMI study.
Key Takeaways of Nutritional Yeast Market Study
• Inactive dry yeast holds the prominent share in nutritional yeast market owing to its usage in animal feed industry.
• Food & beverages industry continues to generate prodigious demand for nutritional yeast, accounting for 40% share.
