PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1519311
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1519311
The global Brewer's Yeast Supplements market is set for significant expansion, with projections indicating a market value of US$ 753.40 Million in 2024, escalating to US$ 1334.1 Million by 2031. This growth trajectory represents a compound annual growth rate (CAGR) of 8.50%. Notably, Brewer's Yeast Supplements in capsule form are anticipated to be the top revenue-generating segment.
Key Growth Drivers
Nutritional Advantages and Medical Uses Brewer's Yeast Supplements are increasingly acknowledged for their nutritional value and medical applications. Comprising around 52% protein and abundant in B-complex vitamins, these supplements offer numerous health benefits. They are particularly advantageous for diabetes patients due to their high chromium content, which aids in blood sugar regulation. Additionally, the probiotic properties of Brewer's Yeast Supplements make them effective in addressing diarrhea and colds.
Rising Use in Animal Nutrition Brewer's Yeast Supplements are also gaining popularity in animal nutrition. These supplements are recommended for animals to improve liver function and maintain healthy skin and shiny fur. They are commonly administered to dogs to manage anxiety. Available in powder, capsule, and tablet forms, their growing application in both human and animal health sectors is driving market growth.
Increasing Pet Ownership and Animal Health Awareness Growing Pet Culture in the United States The increasing trend of pet ownership, especially in the United States, is significantly influencing the Brewer's Yeast Supplements market. The National Pet Owner Survey indicates that approximately 70% of U.S. households own a pet. This rise in pet ownership, combined with heightened awareness of animal health and nutrition, is boosting the demand for pet nutritional supplements.
Market Opportunities in Animal Feed Brewer's Yeast Supplements are also finding an expanding market in animal feed, particularly for livestock. These supplements enhance the production of high-quality milk and meat, presenting new business opportunities for supplement manufacturers. The increasing demand for poultry products and rising chicken consumption are further propelling market growth.
Expanding Diabetes Treatment Applications Brewer's Yeast Supplements are instrumental in managing diabetes, a condition affecting millions worldwide. These supplements help maintain blood sugar levels and are widely used in diabetes treatment, which is a leading cause of various health complications globally. The increasing number of diabetes patients is driving the demand for these supplements, contributing to market growth.
Regional Market Insights
North America North America is expected to offer substantial growth opportunities for the Brewer's Yeast Supplements market. The region's market size is projected to grow significantly, driven by the rising prevalence of diabetes and the expanding pet culture. In Canada, the increasing number of diabetes patients and significant government spending on diabetes treatment are major factors contributing to market growth.
United Kingdom The United Kingdom is another promising market for Brewer's Yeast Supplements, with a considerable number of diabetes patients driving demand. According to the British Diabetic Association, millions in the UK suffer from diabetes, with healthcare costs for diabetes treatment representing a significant portion of the NHS budget. This high prevalence of diabetes is expected to boost the demand for Brewer's Yeast Supplements.
Asia-Pacific Countries in the Asia-Pacific region, including China, Japan, and South Korea, are experiencing rapid growth in the Brewer's Yeast Supplements market. The increasing pet population and rising awareness of pet health in these countries are major factors driving market expansion. Additionally, the high prevalence of diabetes and government initiatives to manage and treat the condition are expected to further propel market growth.
Competitive Analysis
Key players in the Brewer's Yeast Supplements market include Now Foods, Nusapure, Pure Naturals, Solgar, Arkopharma, Amazing Nutrition, Vitalife Ltd, Nova Nutritions, and Swanson. These companies are actively engaging in strategic initiatives to strengthen their market positions.
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