The Latin America, Middle East and Africa Probiotic Yeast Market would witness market growth of 13.3% CAGR during the forecast period (2021-2027).
The shifting lifestyle and food habits of the consumers are contributing to accelerating the demand for probiotic yeast in the market, which would further bolster its market growth. Consumer spending on probiotic yeast-based functional & premium food products is increasing. Moreover, numerous food items like bakery products, fast food, ice creams, and others are also gaining traction in the market.
The probiotic yeast market is a specialized market, which opens various opportunities for small- & mid-sized enterprises to allocate funds in this market. Due to the limited presence of the key players in the food industry, several stakeholders are focusing on investing in this market and expand their business by introducing various new products. Additionally, swift expansion of the retail industry is anticipated to open new growth opportunities for probiotic yeast-based food product manufacturing enterprises to appropriately dispense their product to consumers.
Several health-conscious consumers in the nations like South Africa are demanding various dietary supplements that is motivating various manufacturers to make such products to fulfil this growing demand. In addition, the increasing disposable income of the consumers is one of the major aspects fuelling the demand for healthy food products like probiotic yeast in the region. In addition, probiotic yeast is also used for animal feed to prevent them from various diseases, which would positively impact the regional demand for the product.
Moreover, the shifting consumer food habits along with the high health awareness among them would contribute to the rising demand for probiotic yeast products in the market during the forecast period. The growing cases of several health diseases are motivating people for maintaining a healthy lifestyle and food habits, which would surge the demand for probiotic yeast in the regional market.
The Nutrition and Supplement market dominated the South Africa Probiotic Yeast Market by Application 2020, thereby, achieving a market value of $5,743.6 Thousands by 2027. The Animal Feed market is estimated to grow at a CAGR of 13% during (2021 - 2027). Additionally, The Food & Beverages market is expected to witness highest CAGR of 21.9% during (2021 - 2027).
Based on Application, the market is segmented into Nutrition and Supplement, Animal Feed and Food & Beverages. Based on Type, the market is segmented into Powder and Capsules. Based on Sales Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Probiotic Yeast Market is Predict to reach $673.6 Million by 2027, at a CAGR of 12.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Biocodex S.A., Life-Space Group, Bronson Laboratories, Seeking Health, LLC, NOW Foods, Inc., Jarrow Formulas, Inc., Lallemand, Inc., Angel Yeast Co., Ltd., Alltech, and Chr. Hansen Holding A/S
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