Mineral Yeast Market In-depth Insights, Revenue Details, Analysis by 2034
Mineral Yeast Market In-depth Insights, Revenue Details, Analysis by 2034
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The mineral yeast market is likely to be valued at US$ 79.2 million in 2024 and is anticipated to reach US$ 211.2 million by 2034. The market is expected to evolve at a CAGR of 10.3% from 2024 to 2034.
Packed with B12 and antioxidants, mineral yeast is a reliable source to protect the body from environmental toxins. Industries such as food and beverages, animal feed, cosmetics, and skincare, among others, are driving the market during the forecast period. Innovation of products with the aromatic properties of yeast is rising demand for yeast products in nutritional baking formulations.
The food and beverage industry is seeing mineral yeast, enriched with essential minerals like zinc, selenium, iron, and magnesium, being incorporated into various products. From bakery items to dairy alternatives, functional beverages, and snacks, mineral yeast is recognized for its ability to enhance both the nutritional profile and flavor of food and beverage offerings. The growing trend of functional and health-conscious consumer choices has fueled the adoption of mineral yeast as a natural and bioavailable source of essential minerals.
Animal nutrition constitutes another significant end-use application for mineral yeast. Livestock and poultry require essential minerals for growth, reproduction, and overall well-being. Mineral yeast, when incorporated into animal feed formulations, serves as a natural and bioavailable source of minerals, contributing to the health and productivity of animals. As the global demand for high-quality animal products continues to rise, the inclusion of mineral yeast in animal nutrition is expected to remain a key practice.
“There is increasing consumer demand for health and wellness products as consumers become more health-conscious, leading manufacturers to develop and promote mineral yeast products. Manufacturers are extolling the virtues of zinc yeast in their advertising activities. This strategic response aligns with the consumer’s preference for functional and health-enhancing products, thereby driving sales,” says an FMI analyst
Information Source: https://www.futuremarketinsights.com/reports/mineral-yeast-market
Key Takeaways from the Mineral Yeast Market:
- Between 2019 and 2024, the mineral yeast market progressed at a CAGR of 7.8%.
- Japan is set to record a CAGR of 9.4% in the mineral yeast market over the forecast period.
- Other Asian countries with the potential for mineral yeast demand include China and India. The market is expected to register a CAGR of 6.7% and 8.0% in China and India, respectively, over the forecast period.
- The sales of mineral yeast are expected to register a CAGR of 10.3% in the United States.
Competition Analysis of the Mineral Yeast Market
Keeping the product line moving and innovative launches are a key focus for market players. Collaborative strategies, as well as mergers and acquisitions, are being resorted to expand demand. Some of the key companies in the market include SCETI K.K., LALLEMAND Inc., AB Biotek Human Nutrition & Health, and Angel Yeast Co., Ltd.
For instance, in 2022, Angel Yeast, a yeast extract manufacturer, displayed a wide array of yeast-infused products at FIC 2022 in Guangzhou, China.
Mineral Yeast Market by Category
By Product Type:
- Zinc Yeast
- Calcium Yeast
- Selenium Yeast
- Iron Yeast
- Others (Magnesium Yeast)
By End-use Application:
- Food and Beverages
- Animal Feed
- Cosmetics and Skincare
- Agriculture
- Dietary Supplements
- Others (Pharmaceuticals)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa