Brewer’s Yeast Supplements Market by Form (Capsule, Powder, Tablet), Capsules are expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 6.9% from 2023 to 2033.
Industry: Food and Beverages
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33334
Newly-released Brewer’s Yeast Supplements analysis report by Persistence Market Research reveals that the global market in 2022 was held at US$ 690 Million. With a 7% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 1.5 Billion by the end of the forecast period. Brewer’s Yeast Supplements in the form of Capsules are expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 6.9% from 2023 to 2033.
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Attributes |
Details |
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Global Brewer’s Yeast Supplements Market Size (2023) |
US$ 743 Million |
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Global Brewer’s Yeast Supplements Market Size (2033) |
US$ 1.5 Billion |
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Global Brewer’s Yeast Supplements Market CAGR (2023 to 2033) |
7% |
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United States Brewer’s Yeast Supplements Market CAGR (2023 to 2033) |
5.8% |
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Key Companies Covered |
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As per Brewer’s Yeast Supplements Market research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2018 to 2022, the value of Brewer’s Yeast Supplements increased at around 7.9% CAGR. With an absolute dollar opportunity of US$ 716 Million, the market is projected to reach a US$ 1.5 Billion valuation by 2033.
Saccharomyces, which is a type of yeast is used to produce brewer's yeast. Brewer’s Yeast Supplements are rich in proteins as around 52% of it is composed of proteins. Also, it is a great source of B-complex vitamins. Brewer’s Yeast Supplements are prescribed to diabetes patients as it regulates blood sugar levels due to their high chromium content. Because of its probiotic nature, it is also used in the treatment of diarrhea and colds.
Recently, it has come up as a very nutritious supplement for animals. They stimulate the functioning of the liver as well as maintain healthy skin and shiny fur. They are mostly prescribed to dogs to control their anxiety level. They are available in the form of powder, capsules, and tablets. Thus, due to its increasing use in treatment for humans as well as animals, the market is expected to grow steadily in the coming years.
In the last few years, with the increasing acceptance of pet culture, there is also an increase in awareness regarding animal nutrition. According to National Pets Owner Survey, around 70% of U.S. households which accounts for almost 90.5 million families own a pet in 2022. In the United States, pet sector spending reached US$ 123.6 billion, an increase of 19% from US$ 103.6 billion in 2020. With the increasing disposable income people are eager to spend more on their pet’s health.
Animals are fed brewers yeast powder containing food to enhance the production of good quality milk and meat. A growing market for animal feed is expected to create new business opportunities for supplement manufacturers. Also, growing demand for poultry products and increased chicken consumption are anticipated to fuel market growth.
Brewer's yeast supplements are beneficial in maintaining the blood sugar level in diabetes patients. There are more than 422 million diabetics patient worldwide. Diabetes is the main cause of around 1.5 million fatalities annually. Over the past few decades, the number of diabetes patients has progressively grown. With the increasing number of diabetes patients, the demand for this supplement is also increasing.
North America had a market size of US$ 277.4 Million in 2022 and it is estimated to reach US$ 298.7 Million in 2023. It is projected that North America will have a market worth US$ 586.5 Million in 2033.
The diabetes rate in Canada has increased more than ever in the recent past. More than 11.7 million people in Canada are living with diabetes or prediabetes. Around 5.7 million people are diagnosed with diabetes type 1 or diabetes type 2. The government is spending almost US$ 30 million every year on its treatment. The increasing number of diabetes patients and its adverse impacts have led many companies to introduce new remedial medications. The government is investing heavily in research and development to cure and reduce the increasing diabetes rate.
United States Brewer’s Yeast Supplements Market Analysis:
The market in the United States is expected to grow to be worth US$ 457.5 Million with an absolute dollar growth of US$ 198.2 Million from 2023 to 2033. The market in the United States has grown at a CAGR of 6.4% from 2018 to 2022 and is expected to grow at a CAGR of 5.8% from 2023 to 2033.
According to National Pet Owner Survey 2021-2022, around 70% of U.S. households which accounts for 90.5 million families own at least one pet. This is an increase of about 67% compared to the 2019 survey data. The total expenditure on pets in the U.S. was around US$ 123.6 Billion which is an increase of 19% compared to the previous year. This increasing pet culture will significantly affect the market.
United Kingdom Brewer’s Yeast Supplements Market Analysis:
The market in the United Kingdom is expected to grow to be worth US$ 67.7 Million with an absolute dollar growth of US$ 30.5 Million from 2023 to 2033. The market in the country have grown at a CAGR of 6.7% from 2018 to 2022 and is expected to grow at a CAGR of 6.2% from 2023 to 2033.
According to The British Diabetic Association, more than 4.9 million people are suffering from diabetes. If the situation remains the same, more than 5.5 million people will have diabetes in 2030. Diabetes costs the NHS at least US$ 10 billion annually or nearly 10% of its overall budget. As Brewer’s Yeast Supplements are widely used in medication for type 2 diabetes, thus its demand will also increase in the coming years.
China Brewer’s Yeast Supplements Analysis:
The market in China is expected to grow to be worth US$ 124.9 Million with an absolute dollar growth of US$ 66.9 Million from 2023 to 2033. The market in China has grown at a CAGR of 9.4% from 2018 to 2022 and is expected to grow at a CAGR of 8% from 2023 to 2033.
In 2021, China had a pet population of around 220 million, increasing from 200 million in 2020. The new generation is willing to spend more on the health and care of pets. Dogs and cats contribute significantly to this pet population. People have become very particular with their pet’s diet. They ensure that their pet gets all the required nutrition.
Japan Brewer’s Yeast Supplements Analysis:
The market in Japan is expected to grow to be worth US$ 105.5 Million with an absolute dollar growth of US$ 48.9 Million from 2023 to 2033. The market in the country has grown at a CAGR of 7.1% from 2018 to 2022 and is expected to grow at a CAGR of 6.4% from 2023 to 2033.
Japan is one of the most affected nations by diabetes. According to the Ministry of Health, Labor and Welfare around 20 million people in Japan are suffering or at risk of getting diabetes. The government is carrying out various campaigns and initiating programs for creating awareness and giving treatment for diabetes. Such government initiatives will have a significant effect on the market.
South Korea Brewer’s Yeast Supplements Analysis:
The market in South Korea is expected to grow to be worth US$ 58.9 Million with an absolute dollar growth of US$ 30 Million from 2023 to 2033. The market in the country has grown at a CAGR of 8.7% from 2018 to 2022 and is expected to grow at a CAGR of 7.4% from 2023 to 2033.
The pet culture in South Korea is on the rise. Nearly a quarter of the population which is around 15 million households have at least one pet. Among these 80% of households have a dog as their pet. On average, Koreans spend about US$ 97 on their pets. People's willingness to spend on pet health will positively affect the market.
Which form of Brewer’s Yeast Supplements is projected to Witness the Fastest Growth?
The market for Brewer’s Yeast Supplements in the form of Capsules is projected to witness the fastest growth as it has grown at a CAGR of 7.7% from 2018 to 2022 and is expected to grow at a CAGR of 6.9% from 2023 to 2033.
Capsules are higher on side of bioavailability compared to powder and tablets. Their absorption rate is higher, owing to which they are very effective. With regard to these properties, the demand for capsules is more compared to other forms.
Key players in Brewer’s Yeast Supplements Market are Now Foods, Nusapure, Pure Naturals, Solgar, Arkopharma, Amazing Nutrition, Vitalife Ltd, Nova Nutritions, and Swanson.
Some of the recent developments in Brewer’s Yeast Supplements Market are:
By Form
By Distribution Channel
By Application
By Region
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The market is estimated to be valued at US$ 743 Million in 2023.
The market is expected to reach a valuation of US$ 1.5 Billion in 2033.
The market registered a CAGR of 7.9% over the last 4 years.
The market is projected to witness a CAGR of 7% from 2023 to 2033.
Brewer’s Yeast Capsules are expected to garner a significant value share by 2023.
The market will garner significant growth through the retail sales of brewer’s yeast supplements by 2023.
The United States is projected to witness a market size of US$ 457.5 Million and is expected to grow at a 5.8% CAGR from 2023 to 2033.
Now Foods, Nusapure, Pure Naturals, Solgar, Arkopharma, Amazing Nutrition, Vitalife Ltd, Nova Nutritions, and Swanson are the key players operating in Brewer’s Yeast Supplements Market.
