Feed Yeast Market Size by Type, Livestock, Genus, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2030
Overview
Feed Yeast Market is anticipated to reach USD 13.2 Billion by 2030 from USD 8.6 Billion in 2023 at a CAGR of 5.20 % during a forecast period.
Feed Yeast Market Overview
Ruminants are a key application for feed yeast since they are the most developed market for live yeast application. It is also utilized in human nutrition and has a wide range of uses in animal feed. The use of feed yeast to their meals improves digestion and accelerates growth. The active dry yeast is fermented to produce byproducts such as oxygen, nitrogen, and CO2, which are then utilized to make animal feed.
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Feed Yeast Market Dynamics
Fed directly Microbial is becoming an increasingly important component of animal diet. Cattle owners, poultry farmers, pet owners, and others are rapidly adopting it since it is linked to a variety of health advantages as well as improved performance. Live yeast supplements are widely utilized as a direct-fed microorganism to increase dairy cow health, performance, and milk production. Yeast culture is also useful for improving fermentation and digestion in the rumen, which is a ruminant's stomach. Manufacturers' increased microbial research and development activities also contribute to the growth of novel yeast supplements for direct-fed microbiological, which boosts demand for feed yeast in the animal feed industry.
However, a lack of awareness about yeast consumption and the associated benefits among farmers in developing countries is one of the factors hindering the market growth. Government regulations on the import and export, production, and labelling of yeast foods are another factor limiting the market's growth during the forecast period.
Growing meat consumption globally boosts demand for feed yeast
The increased usage of meat products worldwide is expected to boost the market of yeast feed. Increased demand for fresh protein sources in meat products such as yeast has benefitted the market for food yeast. Moreover, antibiotic growth promoters have made the possibility of feed yeasts more cost-effective and safer than other feed additives. As per then, data collected North America is the largest region to consume meat, which was around 97.6 kilos in 2022.
Impact of COVID-19 on the Biomarkers Market
The COVID-19 epidemic is now having an impact throughout the globe. COVID-19's current situation is only likely to have a minor impact on the feed yeast market's growth. Manpower shortages, international trade restrictions, and lower animal product demand are all likely to have a short-term impact on feed yeast availability and output. Following that, as regulatory limitations are expected to gradually loosen, the market is expected to grow during the forecast period, as many feed additive firms have begun exploring antibiotic alternatives.
Feed Yeast Market Segmentation Analysis
By Livestock, Poultry Feed holds the largest share of the Feed Yeast Market in 2023. Poultry feed is expected to account for xx% of the market during the forecast period.
Due to growing poultry output and a higher emphasis on bird productivity and weight gain, the Poultry Feed Yeast segment is expected to grow at a quick rate throughout the forecast period. Adding yeast to chicken feed is one technique for enhancing the animal's digestive health and aiding in increased feed conversion ratio, which has a positive impact on meat yield.
Feed Yeast Market Regional Insights
In 2023, Asia Pacific is expected to be the fastest-growing and largest region, Asia is expected to have the highest growth rates in the Feed Yeast Market, owing to the flourishing animal feed and nutrition industries in the region. Feed yeast market growth is aided by significant growth in the feed additives sector in the region. Over the last three years, China has been the region's top producer of feed yeast, with an average yearly production of 80,000 metric tons.
Europe and North America are other major markets for feed yeasts. North America is viewed as generating more feed and employing microbiological sources in the animal feed sector as a result of both regions' rising need for highly developed animal feed. The Middle East and Africa are expected to grow throughout the forecast period as a result of increased animal feed output in these regions.
Feed Yeast Market Scope: Inquire before buying
| Global Feed Yeast Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 8.6 Billion |
| Forecast Period 2024 to 2030 CAGR: | 5.20% | Market Size in 2030: | USD 13.2 Billion |
| Segments Covered: | by Type | Probiotic yeast Brewer’s yeast Specialty yeast Yeast derivatives |
|
| by Livestock | Ruminants Poultry Swine Others |
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| by Genus | Saccharomyces spp. Kluyveromyces spp. Others |
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Feed Yeast Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Feed Yeast Market, Key Players are
1.Archer Daniels Midlands Company
2. Diamond V
3. Leiber GmbH
4.Associated British Foods Plc
5. Alltech Inc.
6. Cargill
7. Angel Yeast Company
8. Chr. Hansen
9. Lesaffre
10. Nutreco N.V.
11. Lallemand Inc.
12. Novus International
13. Zilor (Biorigin)
14. Kerry Group
15. Kemin
Frequently Asked Questions:
1. Which region has the largest share in Global Feed Yeast Market?
Ans: Asia Pacific region holds the highest share in 2023.
2. What is the growth rate of Global Market?
Ans: The Global Feed Yeast Market is growing at a CAGR of 5.20% during the forecasting period 2024-2030.
3. What is scope of the Global market report?
Ans: Global Feed Yeast Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global market?
Ans: The important key players in the Global Market are – Archer Daniels Midlands Company, Diamond V, Leiber GmbH, Associated British Foods Plc, Alltech Inc., Cargill, Angel Yeast Company, Chr. Hansen, Lesaffre, Nutreco N.V., Lallemand Inc., Novus International, Zilor (Biorigin), Kerry Group, and Kemin
5. What is the study period of this market?
Ans: The Global Market is studied from 2023 to 2030.