High consumption of meat products globally is the key factor driving the industry.
Market Size – USD 1.9 Billion in 2020, Market Growth – at a CAGR of 5.1%, Market Trends – Soaring demand for quality and nutrient-rich feed
The global feed yeast market size is expected to reach USD 2.65 Billion by 2028 at a CAGR of 5.1%, according to a new report by Reports and Data. Yeast is eukaryotic microorganism belongs to the kingdom fungi. For digesting plant-based foods, many herbivorous animals require microbiota present in their digestive system. Yeast is considered as the most popular microbe additives used in the animal feed, aiding in digestion of different livestock animals, especially in ruminants. Active yeast containing animal feed are observed to trigger the beneficial microflora among cattle, influencing the animals’ growth.
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Leading vendors in the sector for feed yeast include Associated British Foods PLC. (UK), Chr. Hansen (Denmark), Cargill, Incorporated (US), Alltech Inc. (US), Archer Daniels Midland (US), Angel Yeast Co. Ltd. (China), and Lesaffre (France).
Furthermore, feed yeast helps in increasing the utilization of nitrogen along with reducing acidosis among animals. In a wide range of products of meat, yeast is further widely used as a source of protein. Such factors are majorly fueling the sector growth. Feed yeast is gaining traction in the industry, owing to its usage in porcine feeds for reducing diarrhea and increasing sow milk’s immunoglobulins. As an ideal replacement for antibiotics, yeast-based ingredients are highly used for improving digestion as well as providing crucial nutrients like vitamins and protein to animals. Surging demand from the segment of poultry for yeast feed because of the rising meat consumption globally is boosting the industry.
For the purpose of this report, Reports and Data has segmented the global feed yeast market on the basis of product type, livestock, genus, and region:
Type Outlook (Revenue, USD Billion, 2018 – 2028)
- Probiotic yeast
- Brewer’s yeast
- Specialty yeast
- Yeast derivatives
Livestock Outlook (Revenue, USD Billion, 2018 – 2028)
- Aquatic animals
Genus Outlook (Revenue, USD Billion, 2018 – 2028)
- Saccharomyces spp.
- Kluyveromyces spp.
- Others (Torula spp. and Pichia spp.)
Regional Outlook (Revenue, USD Billion, 2018 – 2028)
- North America
– Rest of Europe
– Australia and New Zealand
– Rest of Asia-Pacific
- Rest of the World (RoW)
– South America
– Middle East
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However, less campaigns about feed yeast and several benefits associated with the yeast among producers in the emerging nations is restricting the sector’s expansion. Furthermore, excessive production cost is further hampering the market growth. Additionally, government regulations about the manufacturing, packaging, and labeling of feed yeast is yet another significant factor obstructing the industry at present. Nonetheless, growing consumer demand for various protein sources in a broad array of meat products is retaining the demand in the market for feed yeast. Nucleotides, beta-glucans, and mannan-oligosaccharides are some of the yeast derivatives exhibit effective capacity in pathogen binding which restrict the pathogen’s growth in the animal body. Several health benefits of adding these derivatives in animal feed triggers their demand in the market.
Further key findings in the report
- Rising usage and production of compound feed and increasing production of industrialized livestock in the region of Asia-Pacific is accelerating the industry growth.
- It is predicted that nearly 40% of the feed yeast consumption worldwide is registered by poultry feed. With the increasing poultry production every year and with rising emphasis on bird’s weight gain and productivity, the segment of poultry feed yeast is gaining traction in the industry.
- The widely used yeast species in animal feed/ livestock are the different strains of Saccharomyces cerevisiae. The swine feed is the second-leading segment in the market accounts for the substantial market possession.
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Table of Content:
Chapter 1. Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
Figure 1 Market Segmentation
1.4 Regional Segmentation
1.5 Periodization Considered
1.6 Currency Considered
Table 1 Usd Exchange Rate, 2018–2028
1.7 Unit Considered
1.9 Summary Of Changes
Chapter 2. Research Methodology
2.1 Research Data
Figure 2 Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
18.104.22.168 Key Industry Insights
22.214.171.124 Breakdown Of Primary Interviews
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
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