Global Feed Yeast Market: Key Highlights
Global Feed Yeast Market: Key Market Dynamics
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Global Feed Yeast Market: Regional Overview
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.
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 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 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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