Overview and Scope
The feed yeast refers to a by-product of alcoholic beverages and the fermentation industry. It is produced by reproducing yeast fungus on various substrates. The color of feed yeast ranges from pale yellow to light grey, and the smell is typical of yeast.
Sizing and Forecast
The feed yeast market size has grown rapidly in recent years. It will grow from $3.2 billion in 2023 to $3.55 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing demand for animal protein, livestock industry growth, focus on animal nutrition, ban on antibiotic growth promoters, government initiatives and regulations.
The feed yeast market size is expected to see rapid growth in the next few years. It will grow to $5.29 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to increasing meat consumption in emerging markets, rising consumer preference for natural products, focus on sustainable animal farming practices. Major trends in the forecast period include advancements in yeast strain development, rising popularity of yeast as a protein source, expansion of aquaculture industry, customized feed solutions, biotechnological innovations.
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Segmentation & Regional Insights
The feed yeast market covered in this report is segmented –
1) By Type: Probiotic Yeast, Brewer’s Yeast, Specialty Yeast, Yeast Derivatives
2) By Genus: Saccharomyces spp, Kluyveromyces spp, Other Genus
3) By Form: Fresh, Instant, Dry
4) By Animal Type: Ruminants, Poultry, Swine
Asia-Pacific was the largest region in the feed yeast market in 2023. The regions covered in the feed yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increased industrialized livestock production is expected to propel the growth of the feed yeast market. Livestock production refers to the products derived from farm animals. It is a crucial component of world agriculture, contributing to food security and nutrition. Animal feed with more yeast enhances and boosts development, health, and production. Additionally, yeast can lessen health hazards for dairy cows fed a starch-rich diet by enhancing the digestion of fiber in the rumen to encourage the proliferation of microbes. In poultry, yeast offers a practical element that satisfies the energy requirements of chickens. For instance, according to the Food and Agriculture Organization of the United Nations, livestock supports about 1.3 billion people’s livelihoods and access to food and nutrition and contribute 40% of the worldwide value of agricultural output. Therefore, the increased industrialized livestock production will drive the growth of the feed yeast market.
Key Industry Players
Major companies operating in the feed yeast market report are Associated British Foods PLC, Archer Daniels Midland Company, Alltech, Cargill Incorporated, Angel Yeast Co. Ltd., Chr. Hansen A/S, Lesaffre, Novus International Inc., Lallemand Inc., Leiber GmbH, Shandong Bio Sunkeen Co. Ltd., Açucareira Zillo Lorenzetti S. A., Shenyang Fada yeast Co. Ltd, Wester Yeast Company, Titan Biotech Ltd., Oriental Yeast Pvt. Ltd, Nutreco NV, Phibro Animal Health Corporation, DSM Nutritional Products AG, Pacific Ethanol (Alto Ingredients), Biomin, Diamond V, Kemin Industries Inc., Lucta S. A., Chr. Hansen Holding A/S, AB Vista, Evonik Industries AG, Pancosma SA, Danstar Ferment AG, Biorigin, Ohly, ICC Brazil, Biovet AD – Peshtera, Bioiberica, Novozymes A/S, Nutrias International NV
The feed yeast market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
……..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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