Global Feed Yeast Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Feed Yeast Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. the global feed yeast market is segmented on the basis of yeast type, livestock, form type, and region.
Global Feed Yeast Market: Overview
Yeasts are widely used in different type of animal nutrition in order to improve digestion of animal and also enhances immunity of the animal. The most common yeast used is the animal feed industry is Saccharomyces cerevisiae.
Global Feed Yeast Market: Dynamics
Rising awareness regarding livestock health, increasing adoption of pet animals, and growing demand for healthy meat and other livestock products are some major factors estimated to fuel growth of feed yeast market globally. Moreover, increasing consumption of meat products, ban of antibiotic growth promoters in several countries and low cost of feed yeast are some other factors expected to boost growth of target market. As per the study, antibiotics are used to improve growth performance can affect the health conditions and immunity. Thus, the European Union banned use of antibiotics in the year 2016. According to the document published by European Medical Agency, Governments of Australia, the US, and New Zealand and other countries such as Norway, Sweden, Slovenia, Finland, Denmark, Lithuania, etc., have reduced usage of antibiotics. In addition, increasing concern regarding animal nutrition and rising R&D activities for the development of newer feed yeast products are other factors anticipated to fuel growth of feed yeast market over the forecast period. In October 2015, BEC Feed Solutions PTY Ltd launched Hilyses into the Australian market. The product – Hilyses is obtained from species of yeast namely Saccharomyces cerevisiae.
However, high cost of production, stringent regulations for the animal feed products and environmental concerns such as storage conditions are some factors may hinder growth of feed yeast market.
Global Feed Yeast Market: Segment Analysis
Among the yeast type segments, the yeast derivatives segment is expected to account for significant revenue share in the global market. Nucleotides, beta-glucans, and mannan-oligosaccharides are the major yeast derivatives which display effective pathogen binding capacities that may restrict growth of pathogens in the animal body.
Among the livestock segments, the aquatic animal segment is estimated to account for major revenue share, and is projected to maintain its dominance over the forecast period.
Among the form type segments, the dry segment is expected to hold significant revenue share in the global market over the forecast period.
Global Feed Yeast Market: Regional Analysis
The markets in Europe and Asia Pacific are projected to witness highest share in terms of revenue as compared to other regions. This can be attributed to increasing consumption of meat products along with rising awareness regarding economic benefits of feed yeast. In addition, increasing investments by major players for new range of products and increasing awareness regarding benefits of feed yeast are expected to propel growth of the target market over the next 10 years.
The market in North America is expected to account for second-highest share in terms of revenue over the forecast period, owing to increasing industrialization in the livestock industry.
Global Feed Yeast Market Segmentation:
Segmentation by Yeast Type:
- Probiotic Yeast
- Brewer’s Yeast
- Specialty Yeast
- Yeast derivatives
Segmentation by Livestock:
- Aquatic Animals
- Pet animals
- Others (Horse, Rabbit)
Segmentation by Form Type:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Nutreco N.V
- Lesaffre Group
- Cargill Inc.
- Biomin GmbH
- Wester Yeast Co.,
- Associated British Foods PLC
- Kerry Group
- Archer Daniels Midland Company
- Alltech Inc.
- Angel Yeast Co., Ltd.
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