ID: MRFR/AGR/3758-HCR | February 2021 | Region: Global | 90 pages
The feed yeast market is expected to register a CAGR of 5.8% from 2019 to 2024 and reach USD 2.23 billion by the end of 2024. Yeast is eukaryotic single-celled microorganism of kingdom fungi. Herbivorous animals need microbiota in their digestive tract to digest plant-based foods. Yeast is one of the significant microbe additives in the feed of livestock, which helps in the digestive process of livestock animals, mainly in ruminants. Active yeast containing products are found to stimulate the beneficial microflora in cattle, which influences the growth of animals. Feed yeast helps to increase nitrogen utilization and reduce acidosis in animals. Yeast is also being used extensively as a source of clean protein in meat products. These factors are driving the growth of global market. Feed yeast is also used in porcine feeds to reduce the occurrence of diarrhea and increase immunoglobulins in sow milk.
Moreover, raising awareness about animal health management across the globe is predicted to foster the growth rate of the feed yeast market. Additionally, European Union imposed a ban on the use of antibiotic growth promoters in animal feed, leading to increased dependence on the use of yeast products in animal feed, which is expected to support the growth of global market further. However, increasing competition for necessary raw materials may hamper the growth of the global market.
The feed yeast market has been segmented based on livestock, type, form, and region.
The global market has been bifurcated, based on type, into live yeast, spent yeast, yeast derivatives, and others.
On the basis of form, the global market has been divided into powder, liquid, and others.
The global market has been classified, based on livestock, as ruminants, poultry, swine, and others.
The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has further been segmented into the US, Canada, and Mexico.
The European feed yeast market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The market, in the rest of the world, has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Feed Yeast Market Share (%), by Region, 2018
Type: Secondary Types and MRFR Analysis
The market in Asia-Pacific is expected to dominate the global feed yeast market and grow at highest CAGR during the forecast period due to increasing consumption of meat products in countries like China, Thailand, and Japan. Moreover, increase in livestock raising activities to gain more income, is predicted to fuel the growth of feed yeast industry in this region.
The European region is projected to gain a significant market share in the global market during the review period, due to a ban imposed on the use of conventional antibiotics growth promoter in animal feed. Moreover, increasing consumption of dairy products is expected to foster the growth of feed yeast industry in this region.
The market in the rest of the world is expected to grow at steady growth rate as the demand for feed yeast is increasing in various countries of South America like Argentina and Brazil, due to increase in consumption of meat and dairy products.
Global Market, by Type
Global Market, by Form
Global Market, by Livestock
Global Market, by Region
Frequently Asked Questions (FAQ) :
feed yeast market CAGR would be 5.8% during the forecast period.
feed yeast market valuation would be USD 2.23 billion.
Ruminants, swine, poultry, and others are types studied in the feed yeast market report.
Powder, liquid, and others are forms taken into consideration for feed yeast market report.
Asia Pacific would helm the feed yeast market growth.