As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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:
Key Findings of the Report:
Key Offerings of the Report:
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.
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.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*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.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.