FEED YEAST MARKET TO REACH USD 2.5 BILLION BY 2027 | CAGR 4.8% – FORENCIS RESEARCH

Feed Yeast MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Feed Yeast Market: Key Highlights

  • According to the new market research report Feed Yeast Market by Type (Brewer’s Yeast, Probiotic Yeast, Specialty Yeast, Yeast Derivatives), by Livestock (Poultry, Ruminants, Swine, Others), by Form (Liquid, Powder), by Genus (Saccharomyces spp., Facial Kluyveromyces spp., Others) by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Feed Yeast market is estimated to reach USD 2.5 Billion by 2027 at a CAGR of around 4.8% during the review period.
  • Feed Yeast is a microbe additive used in the feed of livestock to improve the digestive process of animals
  • Increase nitrogen utilization, reduce acidosis in animal, and reduce the occurrence of diarrhea in animals are some of the benefits offered by the use of feed yeast in livestock feed  
  • Saccharomyces spp. is the most widely adopted yeast for various application, including feed which helps to prevent the reduction in rumen pH.

Feed Yeast Market

Global Feed Yeast Market: Key Market Dynamics

  • Increasing use of feed yeast as a replacement for antibiotics in animal nutrition has expected to drive the growth of feed yeast during the forecasted period.
  • Increasing awareness of nutritional benefits offered by the feed yeast-based products have anticipated driving the growth of the product market.
  • Commercialization of low quality and duplicate products and its use by feed producer has become a major challenge to the feed yeast market.

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Global Feed Yeast Market: Regional Overview

  • North America

North America is anticipated to witness significant growth in feed yeast market owing to the rising demand from highly developed animal nutrition industry, higher feed production, and growing adoption of microbial source in the animal nutrition industry. Moreover, the increasing need for replacement of antibiotics in feed products owing to its adverse effects has anticipated driving the growth of the product market. For instance, the U.S. has banned the use of antibiotics in feed production since 2017.  

  • Asia-Pacific

The Asia-Pacific is anticipated to dominate the growth in feed yeast market during the forecasted period owing to the increasing emphasis on industrialization of livestock production. This is attributed to the increasing demand for meat and meat products in the region. Moreover, increasing awareness among farmers regarding providing optimum nutrition to farm animals has led to the use of feed additives such as yeast for improving nutrition and health of animals.

Global Feed Yeast Market: Key Players Overview

  • ADM Animal Nutrition:

ADM Animal Nutrition is a U.S-based company engaged in manufacturing and marketing wide range of products for animal nutrition.  The Company operates through three business segment including, speciality ingredients, premixes & blending, and feed business segments. ADM Animal Nutrition has its manufacturing facilities located in Canada, U.S., Mexico, Puerto Rio, and China and has a distribution network in North America, Latin America, Asia Pacific, and Europe. In January 2019, ADM Animal Nutrition completed the acquisition of Neovia Group (U.S). This acquisition will help the company to extend the product portfolio in new products such as complete feed, premixes, ingredients, feed yeast, and amino acid.

  • Lesaffre:

Lesaffre is a global leaders in the producer of yeast and fermented products. The company operated through four business segments including baking, food taste & pleasure, healthcare, and industrial biotechnology. Lesaffre has a strong distribution network with its presence in more than 185 countries. In February 2018, the company acquired Alltech’s yeast extract facility in Serbia, and this acquisition will help to strengthen its position in yeast extract market.  

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Rep Id : AG 033

Published : 2020-08-06

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