Asia-Pacific Feed Yeast Market has been estimated at USD 0.230 Billion in 2021 and is projected to reach USD 0.380 Billion by 2026, at a CAGR of 10.50% during the forecast period from 2022 - 2027. Feed yeasts are used for various purposes such as to enhance the growth of the animals, maintain their level, and improve immune system and digestibility of feed. Yeast product supplements can beneficially modify microbial activities, fermentative and digestive functions in the rumen.
Asia-Pacific populations have created a preference towards nutrition rich meat which subsequently raised the need for high quality feed for the animals. This was observed to be achieved employing feed yeast, which were found to be a better option as nutritive supplement, furthermore, favourable due to their less harmful nature. Thus, the market in Asia-Pacific region is continuously growing. High costs associated with production, lack of awareness about the feed yeast benefits among farmers are some of the factors that can constrain the market growth in Asia-Pacific region.
Asia-Pacific Feed Yeast Market - By Type:
Asia-Pacific Feed Yeast Market - By Type of Animals:
The poultry segment takes the largest market share for feed yeast trailed by the swine segment.
The Market is Geographically divided into:
Furthermore, on the basis of geography the market is analysed under various regions namely India, China, Japan, Philippines & Australia. Asia-Pacific regions constitute around 35% of the global feed yeast market in 2016 and is showing highest growth rate in the forecast period owing to the high growth in animal feed market. Asia-Pacific region is the top producer of feed yeast followed by Europe globally. A considerable spike in the per capita meat consumption was witnessed in the developing countries such as China and India which was aided by the rapid industrialization of meat sector in the region.
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