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Global Torula Yeast Market: By Type: Baker’s, Feed, Wine, and Bio-Ethanol Yeast, Others; By Form: Instant Yeast, Dry Yeast, Fresh Yeast, Others; By End Use: Food and Beverage, Feed, Pharmaceuticals; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Torula Yeast Market Outlook
The global torula yeast market is being supported by the yeast market growth, which reaches a value of USD 3.7 billion in 2020. The yeast market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 8% to reach USD 6 billion by 2026.
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Growing Food Processing Industry to Drive the Growth of the Global Market for Torula Yeast
The food processing industry is growing steadily worldwide and is expected to continue to expand throughout the forecast period of 2023-2028. This is expected to strongly drive the torula yeast industry due to the product’s wide use as a food additive. Consumers are increasingly opting for convenience and ready-to-eat foods that frequently use flavour-enhancing additives, such as MSG and torula yeast.
North America and Latin America are some of the leading regions for torula yeast in terms of consumption, followed by Europe. The Asia Pacific region is also expected to be a major contributor to the growth of the industry due to its rapidly growing market for processed foods.
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Torula Yeast: Market Segmentation
Yeasts are members of the fungus kingdom. They are single-celled microorganisms. Torula is a species of yeast with the scientific name Cyberlindnera jadinii, also known as candida utilis. Torula yeast is grown on wood alcohols specifically for the food industry and is also a by-product of paper manufacturing. They are used as food additives and enhance the meaty flavours in foods.
The major types of torula yeast are:
- Baker’s Yeast
- Feed Yeast
- Wine Yeast
- Bio-Ethanol Yeast
- Others
The market can be broadly categorised on the basis of its forms into:
- Instant Yeast
- Dry Yeast
- Fresh Yeast
- Others
The end uses of the torula yeast are:
- Food and Beverage
- Feed
- Pharmaceuticals
- Pulp and Paper
- Others
The EMR report looks into the regional markets of torula yeast like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Surge in the Pharmaceutical Industry to Boost Growth of the Global Market for Torula Yeast
The recent surge in the pharmaceutical industry due to the COVID-19 pandemic is expected to persist during the forecast period. This is expected to drive demand for torula yeast due to its applications as a dietary supplement and a cheap, vegetarian source of protein. The growing health-consciousness is also expected to increase the substitution of torula yeast for chemical-based food additives such as MSG. This is due to its gluten-free and organic properties. It is also suitable for people allergic to MSG.
Torula yeast is also gaining popularity among vegans and vegetarians due to its use in making vegetarian imitation-meat products. It is also a cheap source of protein for low-protein vegetarian diets. These factors are expected to drive demand for torula yeast during the forecast period.
Key Industry Players in the Global Torula Yeast Market
The report presents a detailed analysis of the following key players in the global torula yeast market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABF Ingredients Limited
- Lallemand Inc.
- KOHJIN Life Sciences Co., Ltd.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Form, End Use, Region |
| Breakup by Type | Baker’s Yeast, Feed Yeast, Wine Yeast, Bio-Ethanol Yeast, Others |
| Breakup by Form | Instant Yeast, Dry Yeast, Fresh Yeast, Others |
| Breakup by End Use | Food and Beverage, Feed, Pharmaceuticals, Pulp and Paper, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABF Ingredients Limited, Lallemand Inc., KOHJIN Life Sciences Co.,Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Torula Yeast Market Analysis
8.1 Key Industry Highlights
8.2 Global Torula Yeast Historical Market (2018-2022)
8.3 Global Torula Yeast Market Forecast (2023-2028)
8.4 Global Torula Yeast Market by Type
8.4.1 Baker’s Yeast
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Feed Yeast
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Wine Yeast
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Bio-Ethanol Yeast
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Torula Yeast Market by Form
8.5.1 Instant Yeast
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dry Yeast
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Fresh Yeast
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Torula Yeast Market by End Use
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Feed
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Pharmaceuticals
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Pulp and Paper
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Torula Yeast Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ABF Ingredients Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Lallemand Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 KOHJIN Life Sciences Co.,Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Torula Yeast Market: Key Industry Highlights, 2018 and 2028
2. Global Torula Yeast Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Torula Yeast Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Torula Yeast Historical Market: Breakup by Form (USD Billion), 2018-2022
5. Global Torula Yeast Market Forecast: Breakup by Form (USD Billion), 2023-2028
6. Global Torula Yeast Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Torula Yeast Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Torula Yeast Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Torula Yeast Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Torula Yeast Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Torula Yeast Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Torula Yeast Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Torula Yeast Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Torula Yeast Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Torula Yeast Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Torula Yeast Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Torula Yeast Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Torula Yeast Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Torula Yeast Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Torula Yeast Market Structure
Key Questions Answered in the Report
The global torula yeast market is being aided by the overall yeast market growth, which attained a value of about USD 3.7 billion in 2020.
The yeast market is projected to grow at a CAGR of 8% between 2021 and 2026, further propelling the torula yeast industry forward.
The global yeast market is estimated to attain USD 6 billion by 2026, continuing to support the market for torula yeast in the forecast period of 2023-2028.
The major drivers of the industry, such as rising disposable incomes, growing health-consciousness, rise of the food processing industry, increasing vegan population, and increasing demand for MSG substitutes, are expected to aid the market growth.
The key industry trends are the rapidly increasing consumption of processed and convenience foods in emerging economies and the recent surge in the pharmaceuticals sector.
The major regions of the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of the product are baker’s yeast, feed yeast, wine yeast, and bio-ethanol yeast, among others.
The significant forms of the product in the market include instant yeast, dry yeast, and fresh yeast, among others.
The end use sectors of the product are food and beverage, feed, pharmaceuticals, and pulp and paper, among others.
The key industry players are ABF Ingredients Limited, Lallemand Inc., and KOHJIN Life Sciences Co., Ltd., others.
Analyst Review
The global torula yeast market is being driven by the growth in the food processing industry. The market is also being supported by the growth of the overall yeast industry, which attained a value of USD 3.7 billion in 2020 and is expected to grow further at CAGR of 8% between 2021 and 2026 to reach USD 6 billion.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into baker’s yeast, feed yeast, wine yeast, bio-ethanol yeast, and others. On the basis of form, the market is classified as instant yeast, dry yeast, and fresh yeast, among others. The end uses of the industry include food and beverage, feed, pharmaceuticals, pulp and paper, and others. The major regional markets for torula yeast are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABF Ingredients Limited, Lallemand Inc., and KOHJIN Life Sciences Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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