The nutritional yeast industry will grow substantially by 2027, according to a new report compiled by market research firm Fact.MR. The report explained that growth in the industry is driven by a boom in veganism across multiple demographics, stating that 17 percent of the US population between the ages of 15 to 70 is currently consuming plant-based products such as nutritional yeast. “With the increasing preference for vegan food across the globe,” the report states, “the demand and consumption [of] nutritional yeast is expected to significantly increase in the years to follow.” This report follows similar market research findings that have predicted that the tempeh industry would reach $5.8 billion by 2026 and valued the tofu industry at $24 billion by 2022.
Love the plant-based lifestyle as much as we do?
Get the BEST vegan recipes, travel, celebrity interviews, product picks, and so much more inside every issue of VegNews Magazine. Find out why VegNews is the world’s #1 plant-based magazine by subscribing today!