The Middle-East and Africa Feed Yeast Market has been estimated at USD 0.066 Billion in 2021 and is projected to reach USD 0.089 Billion by 2026, at a CAGR of 6.20% during the forecast period from 2022 - 2027.
Feed Yeast stimulates the growth of the infant and young in many animal species. They are nutritive supplements which are added in the diet of animals. Yeast product supplements can beneficially modify microbial activities, fermentative and digestive functions in the rumen.
Middle-East and Africa Feed Yeast Market Drivers:
As the feed yeasts are cost efficient and less harmful to the animals compared to other additives, many farmers started preferring it. Also, with a high increase in per capita consumption of animal products is subsequently increasing the demand for animal feed yeasts. These are some of the factors that is driving the feed yeast market there. But there is still a lack of awareness that’s prevalent amongst the farmers, about the pros of using animal feed yeast, due to which there is not much of a demand in this region. Because of this, the market share of this area is lesser compared to other regions, as the market in this region is progressing slowly.
Middle-East and Africa Feed Yeast Market - By Type:
Middle-East and Africa 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:
The Middle-East and Africa region constitutes to around 10% of the global feed yeast market in 2016 as its growing at a slower rate compared to other regions in the forecast period.
In Middle-East and Africa feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast. 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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