North America Feed Yeast Market Research Report – Segmented By Type, Type Of Animals, And Country (USA, Canada and Rest Of North America) - Industry Analysis, on Size, Share, Trends, And Growth Forecast 2024 to 2029

Published: January, 2024
ID: 351
Pages: 145

North America Feed Yeast Market (2023 to 2028)

The feed yeast market in North America is expected to be valued at USD 0.17 Billion in 2023 and is projected to reach USD 0.27 Billion by 2028 at a CAGR of 9.36% during the forecast period from 2023 to 2028.

Feed yeasts are nutritive supplements that are added to the diet of animals. They are used for various purposes, such as to enhance the growth of the animals, maintain their level, and improve the immune system and digestibility of feed. Prominent livestock industries are gradually using animal feed yeast to enhance the diet of animals. Live yeast products are mostly used in the feed grades of animals, particularly active dry yeast followed by yeast culture.

North America's feed yeast market is driven by a high per capita consumption of meat and consumer demand for nutrition-rich meat products, which is why there is a high demand for feed yeast.  The growth in compound feed consumption is, in turn, driving the demand for feed yeast. Crucial restraints of the industry are the health issues, high costs associated with the production, lack of awareness about the feed yeast benefits among farmers, mainly in developing countries, and Government regulations that are hindering the growth of the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

9.36%

Segments Covered

By Type, Type of Animal, Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

The U.S., Canada, Rest of North America

Market Leaders Profiled

Alltech (based in the USA) Angel Yeast Co., Ltd Cargill Inc Nutreco N.V Lesaffre Group Biomin GmbH ADM

 

This market research report on the North American feed yeast market is segmented and sub-segmented into the following categories.

North America Feed Yeast Market - By Type

  • Live Yeast
  • Spent Yeast
  • Yeast Derivatives

North America Feed Yeast Market - By Type of Animal

  • Swine
  • Poultry
  • Cattle
  • Aquatic animals
  • Pet animals
  • Others

The poultry segment takes the largest market share for feed yeast, trailed by the swine segment. Live cell yeast is the fastest-growing segment in the market.

North America Feed Yeast Market - By Region

  • US
  • Canada
  • Rest of North America

North America constituted around 20% of the global feed yeast market in 2018, growing at the same pace as the global market. Canada accounts for a 14% share of the North American feed yeast market. The feed yeast industry in Canada is showing a healthy growth trend due to increasing meat exports as well as rising domestic consumption in the country. 

KEY MARKET PLAYERS:

Alltech (based in the USA), Angel Yeast Co., Ltd, Cargill Inc, Nutreco N.V., Lesaffre Group, Biomin GmbH, ADM. Some of the major key players involved in the North American feed yeast market.

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Frequently Asked Questions

what is the current size of the North America feed yeast market?

The current size of the North American feed yeast market is expected to be valued at USD 0.17 Billion in 2023.

what is the expected growth value of the North America feed yeast market?

The North American feed yeast market is expected to be valued at USD 0.27 billion by 2028 at a CAGR of 9.36% during the forecast period from 2023 to 2028.

which segment dominating highly in the North America feed yeast market?

The poultry segment takes the largest market share for feed yeast, trailed by the swine segment. Live cell yeast is the fastest-growing segment in the market.

which region accounted for the largest share value in the North America feed yeast market?

Canada accounts for a 14% share of the North American feed yeast market. The feed yeast industry in Canada is showing a healthy growth trend due to increasing meat exports as well as rising domestic consumption in the country. 

what are key market players involved in the North America feed yeast market?

Alltech (based in the USA), Angel Yeast Co., Ltd, Cargill Inc, Nutreco N.V., Lesaffre Group, Biomin GmbH, ADM. Some of the major key players involved in the North American feed yeast market.

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