The Yeast Probiotic Ingredient For Animal Global Market Report 2023, provides comprehensive information on the yeast probiotic ingredient for animal market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Yeast Probiotic Ingredient For Animal Market’s Growth:
As per The Business Research Company’s Yeast Probiotic Ingredient For Animal Global Market Report 2023, the market size is expected to grow from $4.98 billion in 2022 to $5.32 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global yeast probiotic ingredient for animal market size is expected to reach $7.88 billion in 2027 at a CAGR of 10.3%.
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Product innovation is the key trend gaining popularity in the yeast probiotic ingredient for animal market. Major companies operating in the swine feed probiotic yeast market are focusing on improving feed use efficiency on the probiotic yeast they are offering for swine feed. For instance, in January 2023, Phileo by Lesaffre, a France-based provider of animal welfare and performance solutions based on live yeasts, bacteria and yeast products launched Actisaf Sc 47 HR+ probiotic yeast for swine feed and poultry feed. The unique Actisaf Sc 47 HR+ microspherule shape was developed to provide inherent resistance to combined temperature, friction and moisture in pelleting feed without the requirement for foreign material coating.
The yeast probiotic ingredient for animal market is segmented:
1) By Product Type: Live, Spent, Yeast Derivatives
2) By Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera
3) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine
North America was the largest region in the yeast probiotic ingredient for animal market in 2022.
The table of contents in TBRC’s yeast probiotic ingredient for animal market report includes:
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