North America Feed Yeast Market

North America Feed Yeast Market Size & Growth 2022 - 2027

North America Feed Yeast Market has been estimated at USD 0.146 Billion in 2021 and is projected to reach USD 0.2425 Billion by 2026 at a CAGR of 9.36% during the forecast period from 2022 - 2027.

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 for enhancing the diet of animals. Live yeast products are mostly used in the feed grades of animals and in particular active dry yeast followed by yeast culture.

Market Drivers and Restraints

North America feed yeast market is driven by a high per capita consumption of meat and consumer demand for nutrition rich meat products, due to which 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 the developing countries, and Government regulations that are hindering the growth of the market.

NORTH AMERICA FEED YEAST MARKET REPORT COVERAGE

Market Segmentation

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 constitutes 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 in 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 Players

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