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Torula Yeast Market Size, Share & Industry Analysis, By Form (Instant Yeast, Active Dry Yeast, Fresh Yeast), By Application (Food and Beverage [Ready-to-Eat/Cook Products, Dairy, Condiments] Pharmaceuticals, Pet Food) And Regional Forecast 2021-2028

Region : Global | Report ID: FBI104381 | Status : Ongoing

 

KEY MARKET INSIGHTS

Torula yeast, which is also known as Candida utilis belong to the fungi group. Torula yeast is abundantly found in the nature and has food and non-food applications. It is a by-product of the paper industry as it grows on the waste sulphite liquid from the wood pulp.


The torula yeast has a tan colour and has meaty taste and this has led to its wide utilization in various vegan processed foods. The umami taste and rich flavour of torula makes it an ideal natural replacement for monosodium glutamate (MSG) in the food products. These factors have propelled its global market growth. In addition, the increase in consumption of convenience food has positively aided in the sales performance of torula yeast.


The torula yeast is a versatile yeast which has many nutritional properties and acts as a multifunctional additive and a raw material in various processed foods. It contains vitamins, enzymes and high amount of amino acids that help in improving the taste along with having health benefits. This acts as a key driver for the market growth.


The substitutes for torula yeast such as monosodium glutamate (MSG), veal stock, dashi and others that have the same functionality act as an impeding factor for the market.


Key Market Driver -

Increasing Awareness about the Nutritional Benefits of Yeast-based Products

Key Market Restraint -

Presence of Substitutes in the Market


Key Players Covered:


The key companies operating in the global torula yeast market are, LALLEMAND Inc., Kanegrade Ltd, Mitsubishi Corporation Life Sciences Holdings Limited, Koninklijke DSM N.V., Oriental Yeast Co., Synergy Flavors, Chr. Hansen A/S, Associated British Foods Plc, AngelYeast Co., Ltd., and Lesaffre


The global torula yeast market is segmented by form and application. The instant yeast segment is accounted for holding the major share in the market as it is easy to store as well as it dissolves and activates quickly compared to the other forms. The active dry yeast segment is expected to witness a significant growth as it can be used as an alternative for instant yeast; however its few properties varies from instant yeast.


The food and beverage segment is leading the application segment owing to the increasing demand of consumers for flavour enhancers. The evolving taste preferences of the consumers has led to the wide incorporation of torula in various processed foods such as burger, pasta, salad dressings processed meats and others.


Regional Analysis:


North America is witnessing a robust growth in torula yeast market due to the rise in consumption of convenience food products in the region. Torula is used in various shakes and protein foods to enhance it nutritional content and also as a thickening agent. Additionally, the consumers growing fond of umami flavour has further boosted its market growth.


Europe is observing significant growth in the torula yeast market as it is considered as a versatile product and is used in various industries such as pharmaceuticals, paper and pet foods. The rising vegan trend has influenced the rise in incorporation of torula yeast in various vegan products to impart a meaty taste as well as enhance its flavour. This has fuelled its regional market growth.


Asia Pacific region is witnessing a significant growth due to the rising awareness among the consumers about the health benefits of torula and its nutritional properties. The digitalization boom in the region has made consumers aware about the negative health effects of synthetic flavour enhancers; this Coupled with its affordable price has cumulatively driven its regional market.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Form




  • Instant Yeast

  • Active Dry Yeast

  • Fresh Yeast



By Application




  • Food and Beverage

    • Ready-to-Eat/Cook Products

    • Dairy

    • Condiments



  • Pharmaceuticals

  • Pet Food



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In January 2019, Ohly, a manufacturer of specialty yeast signed a long-term supply partnership with Lallemand, for supplying it with cream raw material from Hutchinson for use in all downstream products at Boyceville. This partnership will benefit Ohly to expand its base in North American market.


Torula Yeast Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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