The Latin America Feed Yeast Market has been estimated at USD 0.079 Billion in 2021 and is projected to reach USD 0.128 Billion by 2026, at a CAGR of 10.20% during the forecast period from 2021 to 2026.
Yeast is a single-celled fungus. Their highly absorptive cell envelope might bind toxic materials. The vitamins that they produce might be stimulatory to ruminal micro-organisms. Yeast product supplements can beneficially modify microbial activities, fermentative and digestive functions in the rumen. Modern livestock industry practices inevitably increase the risk of clinical and subclinical enteric diseases. To deal with these challenges, yeast feed is an ideal option.
Latin America Feed Yeast Market Drivers:
Prominent livestock industries are gradually using animal feed yeast for enhancing the diet of animals. growth in compound feed consumption by animals due to a high increase in per capita consumption of meat is driving the feed yeast market in Latin America. But due to strict government regulations on the products, manufacturers are under pressure and due to less awareness about the pros of animal feed yeast, the market growth can hinder.
Latin America Feed Yeast Market - By Type:
Latin America 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:
Latin America market constitutes to around 12% of the global feed yeast market in 2018. The market in Latin America is slowly emerging into the global scenario due to increasing awareness amongst the farming community about the benefits of animal feed yeasts.
In the Latin America feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast in this region. Some of the leading players in this industry include, Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.
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