Due to its increasing use in the food industry and other sectors, the global yeast market is expected to grow significantly. In general, smoked yeast is used in the brewing and baking industry. Smoked yeast is widely used as a supplement because it contains a lot of calcium and vitamins and contains 40 to 50% protein. Smoked yeast is a common biotech product. A shortage of raw materials is likely to lead to supply / demand imbalances, threatening business development.
What is driving the demand for smoked yeast?
The global smoked yeast market is driven by growing demand from the food and beverage sectors, along with people’s increasing knowledge about the health and nutritional value of smoked yeast in foods.
Yeast is used in the fermentation industry not only in the food industry to produce bread, wine and beer, but also in other sectors such as the biofuel industry to produce ethanol . Smoked yeast is becoming increasingly popular, especially among vegans.
As a result, with an increase in the vegan population, this product has also seen a high demand. Smoked yeast is often used as a condiment in a variety of foods for its flavor, helping to mimic the taste of cheese in vegetarian meals, thicken seasonings and sauces, and boost nutrients. With customers turning to vegan products, this aspect is contributing to the growth of the smoked yeast industry.
The demand for smoked yeast in the pharmaceutical industry is likely to increase sales
Protein-based drugs are the fastest growing ingredients in the pharmaceutical industry for the treatment of viral, allergic and cardiovascular diseases. The fermentation of yeast is a necessary part of the manufacturing process of these products. As the number of diseases in patients increases, the demand for pharmaceutical proteins increases, which contributes to the development of the smoked yeast market.
Smoked yeast market outlook in the United States and Canada
Due to the growing demand for smoked yeast and its applications in the fruit, feed and pharmaceutical industries, the United States and Canada are expected to halt significant growth in the near future.
The smoked yeast market is expected to increase due to the growing demand for practical baked goods, increased developments in alcoholic beverage consumption and increased production of mineral-rich animal feed.
Who are the main smoked yeast manufacturers and suppliers?
Some of the leading smoked yeast manufacturers and suppliers include:
- Alltech Inc.
- Angel Yeast Co. srl
- Cargill Incorporated
- Lallemand Inc. • Titan biotech limited
- Pvy of proteins of Halcyon. srl
- Associated British foods
- PLC of the Kerry group.