Overview and Scope
The yeast probiotics for the animal feed refer to a live microbial feed additive that enhances the intestinal balance of the host animal. Probiotics are employed in animal feeding and are regarded as growth and health stimulators.
Sizing and Forecast
The yeast probiotic ingredient for animal market size has grown rapidly in recent years. It will grow from $5.53 billion in 2023 to $6.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to discovery of probiotic benefits, rise in concerns about antibiotic, research and development, industry adoption and validation, regulatory support and approvals..
The yeast probiotic ingredient for animal market size is expected to see rapid growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to market penetration in developing regions, research and development investments, consumer preference for natural products, regulatory support and guidelines, expansion in livestock production.. Major trends in the forecast period include growing demand for antibiotic alternatives, focus on gut health in livestock, regulatory shifts and compliance, demand for natural feed supplements, expansion in livestock production..
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Segmentation & Regional Insights
The yeast probiotic ingredient for animal market covered in this report 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 2023. The regions covered in the yeast probiotic ingredient for animal 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
Growing demand for eggs and poultry meat is expected to propel the growth of yeast probiotics for animal market going forward. Poultry meat refers to the edible portion of any domesticated avian species, such as chicken, turkey, duck, geese, Japanese quail and guinea fowl. Probiotics are used as an additive in poultry feed, which helps the poultry farm animals disease-free and boosts their immunity to produce more eggs and meat. For instance, in April 2023, according to the report published by the United States Department of Agriculture (USDA), an US-based federal agency responsible for overseeing agriculture, food, and rural development, the consumption of chicken meat rose from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Thus, increased demand for eggs and poultry meat is driving the growth of yeast probiotics for animal market.
Key Industry Players
Major companies operating in the yeast probiotic ingredient for animal market report are Chr. Hansen A/S, Koninklijke DSM N V, DuPont de Nemours Inc., Evonik Industries AG, Mitsui & Co. Ltd., Novozymes A/S, Lallemand Inc., Kemin Industries Inc., Kerry Group PLC, Dow Inc., BASF SE, Perstorp AB, Eastman Chemical Company, Macco Organiques Inc., Hawkins Inc., Impextraco NV, Lesaffre, Calpis Co. Ltd., Alltech, Provita Eurotech Ltd., BioResource International Inc., Bio-Vet Inc., BioZyme Inc., Diamond V, Novus International Inc., Pancosma, Phileo by Lesaffre, Pure Cultures, Vetanco, Zinpro Corporation .
The yeast probiotic ingredient for animal market report table of contents includes:
1. Executive Summary
2. Yeast Probiotic Ingredient For Animal Market Characteristics
3. Yeast Probiotic Ingredient For Animal Market Trends And Strategies
4. Yeast Probiotic Ingredient For Animal Market – Macro Economic Scenario
5. Global Yeast Probiotic Ingredient For Animal Market Size and Growth
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31. Global Yeast Probiotic Ingredient For Animal Market Competitive Benchmarking
32. Global Yeast Probiotic Ingredient For Animal Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Yeast Probiotic Ingredient For Animal Market
34. Yeast Probiotic Ingredient For Animal Market Future Outlook and Potential Analysis
35. Appendix
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