Yeast is used as an additive in animal feed. It helps in improving animal health and increase productivity in cattle. Feed yeast products are not solely made from yeast cells, it is a yeast fermented product which is designed to provide fermented metabolites resulting from a specific fermentation process. The Feed yeast is nutritional yeast which are used as supplements in animal feeds as it contains high amount of protein and amino acid, energy, and micronutrient content as compared to common grains and oilseed meals when given to animals. The most common yeast used in dairy diets is Saccharomyces cerevisiae is also called brewers or bakery yeast. The yeast helps in increasing milk production, helps in improving digestive system of animals, increase platter size, helps in gaining weight particularly chicken, prevent from various diseases, improve gut health and performance of the farm animal.
MARKET DRIVERS:
The driving force of the feed yeast market is increasing demand of protein rich food produced from animals such as dairy products, eggs, animal meat and meat products etc.
The population of various regions around the globe has shifted their concerned towards the consumption of protein particularly animal derived protein therefore; the demand of the feed yeast is increasing in order to meet the surging demand. Also, the increasing number of feed mills and production around globe particularly in India, China, U.S, Uk is fueling the growth of the market.Furthermore, livestock farmers are also becoming aware about the yeast benefits in animal feed such as enhancement of digestion, increasing appetite, prevent various types of diseases and improve gut health and performance of the animals.
Moreover, there is high consumer awareness about effects of antibiotic use in animal husbandry industry on human health and the ban on antibiotics in Europe & US had enlarged the adoption of Yeast based feed by farm owners.
MARKET RESTRAINTS:
High demand of molasses from food and Pharmaceutical industry corners Feed Yeast market with less raw material procurement options and with changing environmental situations like La-Nina and El Nino, sugarcane production varies in different regions and in such situations, raw material procurement problem arises before Feed yeast market.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
5.1% |
Segments Covered |
Type, Livestock, Genus, Form, Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Associated British Foods Inc. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US), Cargill (US), Angel Yeast Company (China), Chr. Hansen (Denmark), Lesaffre (France), Nutreco N.V. (Netherlands), Lallemand Inc. (Canada) |
The Live Yeast segment is estimated to lead the market growth as live yeasts are used as the supplements because it helps in preventing the digestive problems in the farm animals, stabilize the microflora in the gut and improve fiber digestion that helps in better feed utilization and improved gut as animal requires high fiber diet for enhanced health vitality.
The poultry segment is expected to have highest growth rate of global feed yeast market over the forecast the period due to increasing demand of the poultry meat and egg and also the price of poultry meat is lower as compared to other type of the meat. Therefore, the poultry producers use feed yeast in order to improve the quality of the meat, enhance poultry weight gain, and enhancing feed utilization.
Saccharomyces spps segment is anticipated to dominate the market during the projected period because it is highly used in various types of yeast applications that including feed.
Global Feed Yeast Market - By Form:
The dry form of yeast is expected to dominate the market over the forecast period as the active dry yeast is usually used only or in mixture with helpful bacteria in probiotics products. The active dry yeast supplements enhanced the huge appetite of farm animals and helps in increasing weight of the animals.
Global Feed Yeast Market - By Region:
North America is expected to hold the notable share in the global feed yeast market during the projected period. The reason for this growth, the region has well established technology along with presence of major players such Archer Daniels Midland Company, Altech Inc, etc, Moreover, the increasing demand of the premium and high quality meat and the shift of population towards the consumption of more protein rich animal based food products is boosting the growth of the market.
Asia-Pacific is estimated to hold the significant share of the global feed yeast market during the forecast period. The rising number of feed mill and feed production in countries like India, China, and Indonesia etc are the major driving for propelling the growth of the market. Also the demand of the animal based protein products such as eggs, meat, milk and other meat products is increasing in this region coupled with large population is another factor that drives the demand of the feed yeast. Furthermore, the increasing demand of poultry meat and the growing awareness among the livestock farmer regarding the benefits of the yeast in the animal feed is boosting the growth of the feed yeast market in this region.
Europe is also anticipated to have steady growth rate over the foreseen period because stringent regulations imposed by European Union to ban use of antibiotic in animal feed coupled with the increasing demand of the meat is fueling the growth of the market.
KEY PLAYERS:
Associated British Foods Inc. (UK) ,Archer Daniels Midland Company (US),Alltech Inc (US),Cargill (US),Angel Yeast Company (China),Chr. Hansen (Denmark),Lesaffre (France),Nutreco N.V. (Netherlands) and Lallemand Inc. (Canada) are some of the major players in the worldwide feed yeast market.
RECENT HAPPENINGS IN THE MARKET:
FAQ's
The feed enzyme market size was estimated at USD 2.1 billion in 2023 and estimated to reach USD 2.7 billion in 2028.
The feed enzyme market is expected to grow at a compound annual growth rate of 5.1% from 2023 and 2028 to reach USD$ 2.7 billion in 2028.
The growing concern regarding animal health and the demand for an increase in the nutrient uptake of feed.
There is an increase in new product developments, expansions and mergers & acquisitions by the key players such as Cargill, Altech.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com