Global Torula Yeast Market Report and Forecast 2024-2032

Global Torula Yeast Market Outlook

The global torula yeast market is being supported by the yeast market growth, which reaches a value of USD 4.69 billion in 2023. The yeast market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.4% to reach USD 9.70 billion by 2032.

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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 2024-2032. 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.

Key Highlights of the Report