A comprehensive overview of the organic yeast market is recently added by UnivDatos Market Insights to its humongous database. The organic yeast market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the organic yeast market. The organic yeast market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the organic yeast market at the global and regional levels. Organic Yeast Market is expected to reach the market valuation of US$ 699.3 Million by 2027 expanding at a reasonable CAGR of 9.04% during the forecast period (2021-2027) from US$ 381.8 Million in 2020.
Market Overview
Increasing demand for organic bakery products will substantially propel the organic yeast market in the forecast period. The trend is attributed to the consumer perceptions such as avoiding synthetic chemicals, higher nutritional value involvement, concerns over antibiotic drug residues, concerns over the health effects of genetically modified foods and the potential belief that organic foods are safer and less likely to cause food poisoning. The yeast is called as organic, when it is part of the 95% of the ingredients of agricultural origin, by weight. Monosodium glutamate (MSG) is the sodium salt of glutamic acid. It is used as an additive to offer “umami” taste in food products to improve palatability. Moreover, it increases the obesity rates in human beings. Globally, around 2.8 million people die because of being overweight or obese every year. In most high-income countries this share is in the range of 8 to 10%. The large outliers among rich countries are Japan and South Korea: there only around 5% of premature deaths are attributed to obesity.
The prices for organic food products vary from conventional products by a margin of 5%-60% for cereals & grains and 5%-30% for milk and other dairy products. For instance, according to a report by the USDA, consumers are willing to pay a premium for organic chicken and eggs. There has been an increase in demand for raw and processed organic foods in developed countries such as Europe and the US, where consumers are willing to pay higher, and the awareness about the benefits associated with the consumption of organic foods is also increasing among consumers.
Covid-19 Impact
The coronavirus pandemic has made "panic buying" more prevalent in food and ingredients. Supermarkets have witnessed an increase in demand for yeast products, both active and inactive. To meet demand in the early stages of the pandemic, several vendors cut up bulk product packages and sold them in small bags. As time spent at home increases, there is a tendency to consume food cooked at home, which increases the demand for flour and yeast products. The need for convenience food to address health concerns has propelled consumers to increase their intake of healthy snacks, soups, and salads, which also fueled the demand for organic yeast products.
Organic Yeast Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily segmented into:
Amongst Type, the Yeast Derivatives segment of the organic yeast market dominated the market in 2020 and is expected to remain dominant during the forecast period 2021-2027.
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By Species, the market is primarily studied into:
Amongst Species, Saccharomyces accounted for a market valuation of US$D X Million in 2020 and is expected to reach USD X Million by the year 2027, at a CAGR of X% over the analysed period.
By Form, the market is primarily studied into:
Amongst Form, the Powder segment dominated the market in 2020 and is expected to grow at a significant CAGR rate during the forecast period.
By Application, the market is primarily studied into:
Amongst Application, Food & Beverage generated for a market valuation of USD X Million in 2020 and is expected to reach USD X Million by the year 2027, at a CAGR of X% over the analyzed period.
By Distribution Channel, the market is primarily studied into:
Amongst Distribution Channel, the Online segment generated revenue of USD X Million in 2020 and is expected to grow at a CAGR of X% during the forecast period to reach a market valuation of USD X Million by 2027F.
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Organic Yeast Market Geographical Segmentation Includes:
The major players targeting the market includes:
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Organic Yeast market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
What aspects regarding the regional analysis Market are included in this report?
What is the key information extracted from the report?
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