According to TechSci Research report, “Feed Yeast Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Feed Yeast Market stood at USD 2.13 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5.66% through 2029. The global feed yeast market is primarily driven by several key factors, including the growing awareness of the health benefits associated with yeast-based animal feed, the expanding livestock industry, and the rise of industrial livestock production. Market growth is also fueled by the increasing demand for natural growth promoters in animal nutrition, as many countries are banning antibiotic growth promoters due to resistance issues. Additionally, advancements in the bio-ethanol industry have led to a surplus availability of yeast, further supporting the expansion of the feed yeast market.
The global feed yeast market continues to exhibit steady growth, driven by the increasing demand for quality animal feed. Yeast, known for its rich nutritional profile and probiotic properties, is becoming a key ingredient in animal nutrition. The market's expansion is also propelled by a shift towards natural and organic livestock farming practices worldwide. A primary driver of this growth is the increasing awareness of yeast's role in enhancing animal health and productivity. Yeast-based feed improves feed palatability and boosts the animals' digestive systems, leading to better weight gain and overall health.
Innovation and strategic partnerships have become crucial strategies among major market players. Companies like Alltech and Angel Yeast are heavily investing in extensive research and development to create advanced yeast-based feed additives. These additives aim to enhance the nutritional value of animal feed, promoting healthier livestock and improved agricultural productivity. In their pursuit of growth and market expansion, these companies are actively seeking partnerships and collaborations with local entities. By partnering with local players, they aim to leverage their expertise and knowledge of regional markets, while establishing a stronger presence in new geographies.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Feed Yeast Market”
https://www.techsciresearch.com/report/feed-yeast-market/23276.html
The Global Feed Yeast Market is segmented into type, form, livestock, regional distribution, and company.
Based on Type, Live Yeast have emerged as the dominating segment in the Global Feed Yeast Market in 2023. Live yeast enhances the digestive health of animals by stabilizing gut flora, improving nutrient absorption, and reducing digestive disorders. This results in better weight gain, feed efficiency, and overall productivity. With increasing restrictions on antibiotic growth promoters due to concerns over antimicrobial resistance, live yeast serves as a natural and effective alternative, promoting healthy growth without the associated risks of antibiotics. Additionally, live yeast improves the taste and aroma of feed, making it more palatable to animals. This encourages consistent feed intake, leading to more uniform growth rates in livestock.
Based on Region, North America have emerged as the fastest growing region in Global Feed Yeast Market in 2023. North America's regulatory environment is increasingly restricting the use of antibiotic growth promoters due to concerns over antimicrobial resistance. Consequently, there is a growing demand for natural alternatives, such as live yeast, which enhance growth and health without the associated risks of antibiotics. Additionally, there is strong consumer demand in North America for natural and organic animal products. Consumers are increasingly conscious of their food sources and prefer products free from synthetic additives and antibiotics. This trend is driving the adoption of yeast-based feed additives in the livestock industry.
Major companies operating in Global Feed Yeast Market are:
- Alltech, Inc.
- Archer Daniels Midland Co.
- Associated British Foods plc
- Cargill Inc.
- DSM Nutritional Products AG
- Innov Ad NV/SA
- Kemin Industries, Inc.
- Lallemand Inc.
- Novus International, Inc.
- Phibro Animal Health Corporation
Download Free Sample Report
https://www.techsciresearch.com/sample-report.aspx?cid=23276
Customers can also request for 10% free customization on this report
“The outlook for the Global Feed Yeast Market is promising, with significant growth potential. As livestock farming expands globally, the demand for animal feed products, such as yeast, that promote healthier growth and enhance immunity in animals is rising. The increasing consumer preference for organic and natural food products is also driving market growth. Additionally, advancements in biotechnology are expected to create opportunities for innovative yeast-based feed products, further contributing to market development”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Feed Yeast Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Live Yeast, Spent Yeast, Yeast Derivatives and Others), By Form (Powder, Liquids and others), By Livestock (Ruminants, Poultry, Swine and others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Feed Yeast Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Feed Yeast Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com
