Global Probiotic Yeast Market

Global Probiotic Yeast Market Size More Than Doubles to Touch USD 750 Million by 2029

Published | 09 October 2023

Global probiotic yeast market is flourishing because of the rising demand for functional foods and beverages and increasing awareness about the health benefits of probiotics.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global probiotic yeast market size at USD 372.77 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global probiotic yeast market size to grow at a significant CAGR of 12.35% reaching a value of USD 749.57 million by 2029. Major growth drivers for the global probiotic yeast market include increasing health awareness and a growing emphasis on preventive healthcare and the management of rising prevalence of obesity-related health concerns. As consumers seek functional foods that promote gut health, probiotic yeast has found its way into various food and beverage products, gaining significant popularity. Moreover, the aging population's focus on digestive well-being, ongoing research highlighting probiotic yeast's potential benefits, technological advancements improving product stability, strategic collaborations, and innovative product formulations have all contributed significantly to market growth. The COVID-19 pandemic has also highlighted the importance of immune health, further boosting interest in probiotic yeast for overall well-being. Also, the prohibition of antibiotics in animal feed has spurred innovation, particularly in specific regions, leading to the development of various consumer products incorporating probiotic yeast, addressing conditions like diarrhea and gastrointestinal disorders. Rising disposable incomes and improved living standards in developing nations align with market growth, while emerging trends favoring organic foods and the integration of prebiotics drive manufacturers to create novel products that combine different active ingredients, further catering to gastrointestinal health needs. These multifaceted factors collectively underscore the robust expansion of the probiotic yeast market. However, high cost of probiotic yeast and lack of standardized regulations for probiotic products are anticipated to restrain the overall market growth during the forecast period.

Global Probiotic Yeast Market – Overview

The term "Global Probiotic Yeast Market" refers to the segment of the market dedicated to the use of microorganisms, known as probiotics, as dietary supplements aimed at enhancing overall health. Probiotic yeast specifically denotes a strain of Saccharomyces cerevisiae that is non-pathogenic, a quality highly regarded due to its natural resistance to antibacterial antibiotics. This inherent resilience makes probiotic yeast a preferred choice within the realm of probiotics. Significantly, the inclusion of probiotic yeast in animal feed has demonstrated several advantages, including improved digestibility of fiber, enhanced performance in animal production, and increased yields of meat, milk, and eggs. These benefits contribute positively to the health of the animals and, consequently, human health. Also, as per the findings of the Mysore Central Food Technology Research Institute (CFTRI), yeast-based probiotic products have found applications in reducing the toxicity associated with resilient and harmful fungi that are resistant to conventional antifungal medications. With antifungal drugs being widely used, the expanding medical use of probiotic yeast has opened up new growth opportunities within the probiotic yeast market.

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Impact of COVID-19 on Global Probiotic Yeast Market

COVID-19 pandemic had a dual impact on the global probiotic yeast market. Initially, disruptions in supply chains, manufacturing, and distribution, along with a shift in consumer spending towards essential items, adversely affected the market. However, as COVID-19 emphasized the significance of bolstering the immune system, there has been a subsequent upswing in demand for immune-boosting products, including probiotic yeast. This heightened awareness and increased demand for health-related items have partially mitigated the earlier setbacks, offering a glimpse of market recovery and potential future growth. Also, the outbreak has stimulated demand for immune system enhancement products, further promoting the utilization of probiotics and positively influencing the market.

Global Probiotic Yeast Market – By Sales Channel

Based on sales channel, the global probiotic yeast market is bifurcated into Online and Offline segments. The offline segment holds a higher share in the global probiotic yeast market during the forecast period by sales channel. It can be primarily due to its well-established distribution networks encompassing retail outlets, pharmacies, and health food stores. These networks offer immediate product availability, fostering consumer trust through face-to-face interactions, personalized recommendations, and the assurance of product quality. The offline channel allows consumers to physically examine products, verify labels, and ensure product freshness, catering to those who prefer a tactile shopping experience. Also, it provides accessibility to a broader demographic, including those with limited online access or tech proficiency. This preference, combined with offline marketing efforts and brand visibility, sustains the dominance of offline sales in the probiotic yeast market.

Competitive Landscape

Major players operating in the global probiotic yeast market include Alltech, AngelYeast Co., Ltd, Bronson, Chr. Hansen Holdings A/S, Florastor, Jarrow Formulas, Lallemand Inc., Life-Space, Now Foods, and Seeking Health. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Probiotic Yeast Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Probiotic Yeast Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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