The Yeast-based Spreads market is projected to register a CAGR of 5.32% during the forecast period (2021- 2026).
Yeast-based spreads such as marmite and vegemite are made from leftover brewer yeast after the brewing process and used in the manufacturing of processed food. These spreads are a rich source of vitamin B and B12 with a savory taste. The yeast-based products are used in food products such as breadsticks, cheese manufacturing, rice cakes, and milk chocolates, as well as pet food like Pedigree.
A detailed report on Global Yeast-based Spreads Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Yeast-based Spreads market: Bega Cheese, Mars Foods, Unilever Plc., Marmite Food Extract Company, All Natural Foods of Stirling, Three Threes Condiments Pty. Ltd., Dick Smith Foods, Nature’s Blend, Jardox Ltd., Sanitarium Health & Wellbeing, Guinness, Yeast Extract, and Bramwells.
Regional Analysis For Yeast-based Spreads Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Yeast-based Spreads market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Dynamics
Increasing awareness regarding the health benefits of consuming yeast-based spreads is fueling demand for yeast-based spreads products, which in turn, is estimated to propel the growth of the yeast-based spreads market during the forecast period.
Moreover, the rising demand for alcohol across the world is responsible for the growing brewing industry. According to, the National Beer Wholesalers Association (NBWA), the U.S. beer sector sells beer that worth more than US$ 119.3 billion each year. Moreover, the growth of the brewing industry has led to an increase in the leftover mass of brewer’s yeast which is used for manufacturing the yeast-based spreads. This is in turn is increasing the production capacity of yeast-based spreads products in the market.
The increasing health issues of the strokes, anxiety, high blood pressure, smoking and drinking, high bad cholesterol, and lifestyle diseases such as cancer, etc. are impacting the lives of people. According to the American Cancer Society, approx. 1.8 million new cancer cases are anticipated to be diagnosed in 2020. This is in turn growing awareness regarding the health and nutritional benefits of yeast-based spreads among consumer.
Among regions, the markets in Europe and North America are expected to account for a significant market share in the global yeast-based spreads market over the forecast period, owing to high demand for nutritional products from health-conscious consumers in these regions.
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