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Global Feed Yeast Market By Type (Live Yeast, Inactive Yeast), By Form (Powder, Liquid), By Livestock (Ruminants, Poultry, Swine, Aquaculture, Pets), & By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Feed Yeast Market By Type (Live Yeast, Inactive Yeast), By Form (Powder, Liquid), By Livestock (Ruminants, Poultry, Swine, Aquaculture, Pets), & By Geographic Scope And Forecast

Feed Yeast Market Size and Forecast

Feed Yeast Market size was estimated at USD 2.08 Billion in 2024 and is projected to reach USD 3.15 Billion by 2031, growing at a CAGR of 5.30% from 2024 to 2031.

  • Yeast, a single-celled microorganism, is classified as a fungus and commonly used as a feed additive.
  • When introduced into animal feed, yeast undergoes fermentation. This process is believed to generate beneficial byproducts that improve gut health and nutrient utilization in animals.
  • As a result, feed supplemented with yeast is associated with enhanced growth performance, improved immune function, and increased resistance to pathogens.
  • Yeast can be a valuable source of essential vitamins and minerals, further contributing to overall animal health and well-being.

Global Feed Yeast Market Dynamics

The key market dynamics that are shaping the feed yeast market include

Key Market Drivers

  • Enhanced Gut Health and Nutrient AbsorptionThe growth of beneficial gut bacteria is believed to be stimulated by the incorporation of feed yeast into animal diets. It is thought that this improved gut microbiota promotes more efficient digestion and nutrient absorption in animals. Consequently, improved growth rates and overall performance may be experienced by livestock-fed yeast supplements.
  • Rising Demand for Animal-Based ProteinA growing demand for animal-based protein sources like meat, poultry, and eggs is observed globally. This trend is attributed to factors like increasing populations and rising disposable incomes, particularly in developing regions. To meet this rising demand, practices that enhance animal productivity are incentivized to be adopted by the livestock industry. In this market, feed yeast, with its perceived benefits for animal health and performance, is well-positioned to gain traction.
  • Regulatory Restrictions on Antibiotic Growth PromotersStricter regulations regarding the use of antibiotic growth promoters in animal feed have been implemented in some regions in recent years. This has spurred the search for alternative feed additives that can maintain or improve animal health and performance without the potential downsides of antibiotics. In this scenario, feed yeast is increasingly seen as a viable alternative due to its potential immune-boosting properties.
  • Growing Awareness of Feed Yeast BenefitsDissemination of knowledge regarding the potential benefits of feed yeast for animal health and productivity is deemed crucial for market expansion. As livestock producers are reached with information about the positive impact of yeast on gut health, nutrient absorption, and overall animal well-being, its adoption rate within the feed yeast market is expected to rise.

 Key Challenges

  • Maintaining Consistent Product Quality Ensuring consistent quality and performance of feed yeast is a significant hurdle. Variations in raw materials like molasses or sugar can impact nutrient availability and ultimately affect yeast growth and productivity during fermentation. Fluctuations in fermentation conditions like temperature, pH, and oxygen levels can influence yeast metabolism and product attributes, leading to inconsistencies.
  • Competition for Raw Materials The feed yeast industry faces competition for raw materials like molasses and sugar, which are also used in other food and industrial applications. Fluctuations in the prices and availability of these raw materials can lead to cost pressures for feed yeast manufacturers.
  • Regulatory Landscape Strict government regulations on the import, export, production, and labeling of yeast products can act as a barrier to market entry for new players and limit the overall growth of the market. Furthermore, regulations regarding the use of certain additives in animal feed can also impact the demand for specific types of feed yeast.

Key Trends

  • Shift Towards Antibiotic-Free AlternativesA growing emphasis is placed on reducing the use of antibiotics in animal feed due to concerns about antibiotic resistance. It is expected that this trend will benefit the feed yeast market as yeast can act as a natural gut health promoter and enhance immunity, potentially reducing the need for antibiotics.
  • Innovation in Yeast Strains Continuous research and development efforts are being directed towards creating novel yeast strains with improved functionality. Enhanced benefits for animal health, performance, or specific nutritional requirements may be offered by these new strains. This focus on innovation will likely propel the market forward.
  • Rising Demand for Organic and Sustainable Feed There is increasing interest among consumers in purchasing animal products raised on organic or sustainable feed. Yeast production processes that align with these principles are expected to gain traction, influencing the overall feed yeast market.
  • Focus on Improving Feed Efficiency With growing concerns about resource sustainability and feed costs, there is a growing focus on improving feed efficiency in livestock production. Feed yeast, by enhancing nutrient absorption and potentially reducing feed waste, can contribute to this goal and is likely to see increased demand.

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Global Feed Yeast Market Regional Analysis

Here is a more detailed regional analysis of the feed yeast market

Asia Pacific

  • In developing countries within the Asia Pacific region, the demand for meat protein is being surged, driven by growing populations and increasing disposable incomes.
  • As the demand for meat protein is rising, there is a growing focus on improving the productivity of livestock animals, with benefits like improved gut health and nutrient absorption being offered by feed yeast, leading to better growth and performance in animals.
  • Supportive government policies and initiatives aimed at promoting animal husbandry and improving livestock health can further propel the demand for feed yeast in this region.
  • Among farmers in the Asia Pacific region, there is a rising awareness regarding the benefits of using feed additives like yeast for enhancing animal health and production efficiency. This trend is expected to contribute to the dominance of the Asia-Pacific market.

Europe

  • Strict regulations on animal feed safety and quality are enforced in Europe, promoting the utilization of well-researched and proven feed additives like yeast.
  • Technologically advanced livestock production systems, which prioritize animal health and performance, are often boasted by European countries, aligning perfectly with the benefits of feed yeast.
  • High-quality meat products raised with responsible practices are increasingly demanded by European consumers. Feed yeast, promoting animal well-being, resonates with this growing trend.

Global Feed Yeast MarketSegmentation Analysis

The Global Feed Yeast Market is Segmented Based on Type, Form, Livestock, and Geography.

Feed Yeast Market, By Type

  • Live Yeast
  • Inactive Yeast

Based on Type, the market is segmented into Live Yeast and Inactive Yeast. Live yeast holds the highest market share within the feed yeast market. This dominance can be driven by its effectiveness in enhancing gut health and nutrient absorption in animals, leading to improved growth and performance.

Feed Yeast Market, By Form

  • Powder
  • Liquid

Based on Form, the market is bifurcated into Powder and Liquid. Powder form holds the highest market share in the feed yeast market. This dominance is attributed to its extended shelf life, ease of storage and transportation, and cost-effectiveness compared to liquid yeast.

Feed Yeast Market, By Livestock

  • Ruminants
  • Poultry
  • Swine
  • Aquaculture
  • Pets

Based on Livestock, the market is classified into Ruminants, Poultry, Swine, Aquaculture, and Pets. Ruminants are projected to hold the highest market share, attributed to the ability of yeast to enhance the digestion of plant-based feed in these animals, leading to improved gut health and overall growth.

Feed Yeast Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Feed Yeast Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The highest market share is held by the Asia Pacific region. This dominance is attributed to factors like a large animal population, high penetration rates of feed additives, and growing demand for meat products in this region.

Key Players

The “Feed Yeast Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Archer Daniels Midland Company, Angel Yeast Co. Ltd., Lallemand Inc., Leadfree, Leiber GmbH, Associated British Foods Inc., Nutreco N.V., Cargill Incorporated, Alltech, Diamond, Biomin GmbH, Titan Biotech, Liaoning Joysun Group Co. Ltd, Futuresun Group Co. Limited, Lesaffre, Bio Sunkeen Co.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.

Feed Yeast Market Recent Developments

  • In September 2022, the opening of a new branch in Poland by Lallemand marked the standardization of its presence in the country, enabling the direct sale of its microbial-based animal nutrition and well-being solutions.
  • In September 2022, Prodap, a leading Brazilian animal nutrition and technology company, was acquired by DSM. With this strategic move, the combination of technology offerings, consulting services, and specialized nutritional solutions was aimed at improving animal farming efficiency and sustainability.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Archer Daniels Midland Company, Angel Yeast Co. Ltd., Lallemand Inc., Leadfree, Leiber GmbH, Associated British Foods Inc., Nutreco N.V., Cargill Incorporated, Alltech, Diamond, Biomin GmbH, Titan Biotech, Liaoning Joysun Group Co. Ltd, Futuresun Group Co. Limited, Lesaffre, Bio Sunkeen Co.

SEGMENTS COVERED

Type, Form, Livestock, and Geography.

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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Table of Content

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