The ban on the use of antibiotics in feed and increased use of yeast as a livestock nutritional supplement are the major drivers for the global feed yeast market. Nutritional components of feed yeast help the animals to metabolize proteins, lipids, and carbohydrates. Feed yeast stimulates infant and youth growth in many species of animals. The global feed yeast market is estimated to grow at a CAGR of 6.78% during the forecast period 2020–2025. Asia is the fastest growing market with a CAGR of 8.06%, which can be mainly attributed to the increase in feed yeast product production with increased focus on animal nutrition in this region.
Global Feed Yeast Market Outlook
The global market of feed yeast has been representing a sharp growth in the recent years owing to the high demand for quality and nutrient-rich feed. The government has placed a ban on the use of antibiotic growth promoters in feed in the U.S. and Europe due to its negative impact on animal health as well as on human health. Poultry was accounted for 29% of the total market share in 2020 followed by ruminants holding a share of 25%.
The global feed yeast market with respect to poultry livestock was valued at $300.69m in 2020 and is estimated to reach $424.52m by 2025, growing at a CAGR of 5.84% during the forecast period. It is estimated that Europe dominated the global feed yeast market in 2020 with 34% of the total market share owing to the strict regulations on the use of antibiotics in feeding stuff and increased awareness of feed yeast benefits.
Global Feed Yeast Market Growth Drivers
The expansion of feed yeast production facilities in China and India with the increasing awareness among livestock farmers of the benefits of feed yeast are projected to provide scope for market expansion in Asia-Pacific.
Consumer demand for clean protein sources in meat products such as yeast has led to meat consumption growth, which in turn has boosted the market for feed yeast. Beta-glucans, nucleotides, and mannan-oligosaccharides are the major yeast derivatives that display effective pathogen binding capacities that restrict the growth of pathogens in the animal body. The health benefits of using yeast derivatives as a feed additive increases their demand in the feed industry.
Global Feed Yeast Market Challenges
The high production cost is the major factor barring the growth of the market. However, lack of awareness of feed yeast and the associated benefits among farmers in developing countries is one of the key factors currently hindering market growth. Government rules and regulations on yeast feed packaging, manufacturing, and labeling other factors that currently restrict the market growth.
Global Feed Yeast Market Research Scope
The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of feed yeast that will be used for livestock. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the type of feed yeast product and its specific applications in different types of livestock.
Global Feed Yeast Market Report: Industry Coverage
By Type: Spent yeast and derivative yeast
By Form Type: Dry, instant, and fresh
By Livestock: Poultry, swine, ruminants, pet animals, aquatic animals, and others
The global feed yeast market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.
The regions and countries covered in the study include:
- North America: The U.S. and Canada
- Latin America: Mexico, Brazil, Argentina, Peru, Colombia, and Rest of Latin America
- Europe: The U.K., France, Italy, Germany, Spain, Belgium, The Netherlands, Denmark, and Rest of Europe
- Asia: China, Japan, South Korea, India, Taiwan, Malaysia, and Rest of Asia
- Oceania: Australia, New Zealand, and Rest of Oceania
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Methodology
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