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Global Torula Yeast Market to Grow at a Healthy Pace During 2021-2026, Aided by the Growing Eco and Health Consciousness

According to a new report by EMR titled, ‘Global Torula Yeast Market Report and Forecast 2021-2026’, the global market for torula yeast is being drive by the rising yeast market, which attained a value of USD 3.7 billion in 2020 and is expected to grow at a CAGR of 8% during 2021-2026 to reach USD 6 billion by 2026.

The rising vegan and vegetarian populations worldwide are driving the demand for torula yeast due to its use in producing vegan imitation-meat, and as a food additive for adding meaty flavours. The increasing health-consciousness globally has also led to the growth in the torula yeast industry due to its gluten-free properties, making it an ideal organic substitute for MSG, a commonly used food additive.

Lallemand Inc, one of the leading producers of torula yeast, entered into a long-term partnership with Ohly (a member of the ABF Ingredients Ltd. (OTCMKTS: ASBFY)), a pioneer in specialty yeast products, in early 2020. The deal transferred ownership of Ohly’s Hutchinson Torula Yeast facility to Lalleman and ensured Ohly the supply of torula cream. Torula cream is a fundamental raw material in the production of torula yeast extracts. This transaction between two of the giants in the torula yeast industry is expected to significantly increase the production capacity of torula yeast and its products, especially in North America.

Moreover, in February 2021, it was discovered that torula yeast can serve as a substitute for fishmeal in the diets of weanling pigs. Fishmeal is used as a source of protein for weanling pigs, but it proves to be expensive and unsustainable, with quality issues. This study shows that torula yeast is more digestible than fishmeal, offering several advantages over the latter. As further studies continue in this field, it is expected that torula yeast’s properties as a meat-substitute and a renewable protein source will drive growth in the industry on a global scale.

Market Analysis by Type, Form, End Use, and Region:

  • The market on the basis of type can be divided into baker’s yeast, feed yeast, wine yeast, bio-ethanol yeast, and others.
  • Based on form, the industry can be divided into instant yeast, dry yeast, fresh yeast, and others.
  • The end uses of torula yeast are food and beverage, feed, pharmaceuticals, pulp and paper, and others.
  • The regional markets for torula yeast include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing health-consciousness and the rising demand for organic and gluten-free products are expected to drive the growth of the torula yeast industry globally.
  • The rise of the global food processing industry, especially in the emerging economies of the Asia Pacific region, is a major driver for the torula yeast industry.
  • The increasing vegetarian and vegan populations are expected to increase demand for torula yeast due to its role as a natural protein supplement and meat substitute.
  • The surge in the pharmaceuticals sector is expected to be a significant factor in determining the growth in the torula yeast industry during the forecast period (2021-2026).

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for torula yeast for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) market information for the types, forms, end uses, and major regions of torula yeast.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global torula yeast market are ABF Ingredients Limited, Lallemand Inc., and KOHJIN Life Sciences Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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