The Global Feed Yeast Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Market is estimated to be 65.95 USD billion and predicted to rise to 103.82 USD billion with a CAGR of 9.5%. The Global Feed Yeast market is segmented by type (Live yeast, Spent yeast & Yeast derivatives) and animal (Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Yeasts have been used in feed for many years as Yeast product supplements can beneficially modify microbial activities, fermentative and digestive functions in the rumen of livestock. High per capita consumption of meat and consumer demand for nutrition rich meat products, which in return is increasing the demand for feed yeast, thus driving the market growth. High costs associated with production, regulations imposed by Governments creating pressure on the manufacturers, lack of awareness about the feed yeast benefits among farmers mainly in the developing countries are some of the factors that hinder the feed yeast market growth globally.
The global market for feed yeast is segmented on the basis of type into Live yeast, Spent yeast & Yeast derivatives. And on the basis of type of animals the market is analysed for Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others. The poultry segment takes the largest market share for feed yeast trailed by the swine segment.
Geographically, the market is analysed under various regions namely, North America, Europe, Latin America, Asia-Pacific and Middle-east & Africa. Europe and Asia-Pacific regions constitutes to around 58% of the global feed yeast market in 2016 with Asia-Pacific region showing highest growth rate in the forecast period owing to the high growth in animal feed market.
The growing demand for feed yeast is forcing the global players to add this to their product offerings. To benefit from this growth trend of global 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.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-feed-yeast-market-392/” and checkout our recent reports in the Animal Feed category at “http://www.marketdataforecast.com/research-reports/agriculture/animal-feed-7/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.