The global feed yeast market accounted for a value of USD 949 Million in 2019. The feed yeast market projected to grow at a CAGR of 5.2% during the forecast period.
COVID-19 has impacted feed yeast market. However, the effect is not significant and for not for long term. The travel restrictions and lockdown have disrupted the supply chain of feed yeast market. Many producers of feed yeast were operating during this pandemic but there was a significant delay in supply of finished products as well as raw material. The feed yeast market will foresee significant growth.
For more details, visit: Global Feed Yeast Market By Genus (kluyveromyces spp.,saccharomyces spp., Others), By Type (Brewer’s Yeast, Probiotic Yeast, Others), By Livestock (Ruminants, Aquatic Animals, Others), By Region–Forecast & Opportunities to 2026
Some yeast is considered to have negative effects and some have positive effects on animals and humans. Some yeast even has no effects on either of them. The yeast such as Kluyveromyces marxianus, Candida utilis and Saccharomyces cerevisiae are known for positive effects on animals and also used as feed additives. The increase in nutritional benefits from feed yeast is driving the market to foresee growth during forecast period.
On the basis of genus, the feed yeast market is segmented into kluyveromyces spp., saccharomyces spp. and others. The Saccharomyces spp. segment is estimated to hold highest market share during forecast period. The Saccharomyces spp. Yeast is widely adopted for the purpose of bakery and feed etc. the use of Saccharomyces spp yeast in growing worldwide thus, driving growth in Saccharomyces spp. Segment during the forecast period.
On the basis of type, the feed yeast market is segmented into brewer’s yeast, probiotic yeast, yeast derivatives and specialty yeast. The probiotic yeast segment is estimated to register growth at highest CAGR during the forecast period. The probiotic yeast helps in improving health and leads to higher milk production. It helps in reducing entry of pathogens in the body and post weaning diarrhea. Thus, the use is increasing which drives growth in probiotic segment in feed yeast market during the forecast period.
On the basis of livestock, the feed yeast market is segmented into poultry, swine, ruminants, pets, aquatic animals and equine. The aquatic animals segment is estimated foresee highest growth during the forecast period. The fish farming is rising across many regions such as Asia-Pacific. The consumption of fish is also increasing across various regions such as Europe, South America and Asia-Pacific. If feed yeast supplements in right quantity to aquatic animals leads to sufficient supply of nutrients. Thus, drives growth in aquatic segment of feed yeast market during the forecast period.
Asia-Pacific region is estimated to register growth at highest CAGR during the forecast period. There is huge rise in consumption of meat products in this region. In regions such as North America and Europe the use of antibiotics as growth promoter in livestock sector is ban. Thus the key market players in Asia-Pacific regions are developing health supplements and natural growth promoters in feed additives. This is attributing growth in this region during the forecast period.
The key market players in feed yeast market are Archer Daniels Midland, Associated British Foods PLC, Alltech Inc., Cargil Incorporated, Angel Yeast Co, Chr Hansen, Lesaffre Yeast Corporation, LALLEMAND Inc., Novus International Inc., Kothari Fermentation & Biochem Ltd., Oriental Yeast India Pvt. Ltd., Leiber GmbH, Nutreco N.V and Diamond V Mills Incorporated. The key market players are focusing on providing improved products to enhance animal health.
- What are the expected industry trends over the next three to five years?
- Which of the feed yeast type is likely to lead by 2025?
- Which of the livestock segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?