The North America feed yeast market is projected to register a CAGR of 3.3% during the forecast period 2020-2025. Feed yeast production in North America is driven by high per capita consumption of meat and consumer demand for nutrition rich meat products. Feed yeast is more cost-efficient when compared to other feed supplements and less harmful then antibiotics. The United States is the largest consumer of meat in the region, thus driving the demand for feed yeast, followed by Mexico and Canada. Mexico is an emerging market and factors like industrialization and rising incomes and increasing demand for meat, and in turn, driving demand for feed yeast in the country. The most common yeast species used in animal feed are the various strains of Saccharomyces cerevisiae. The poultry segment of the market accounts for the highest market share, closely followed by swine feed.
Key Market Trends
Increased Compound Feed Production
According to the Alltech feed survey in the year 2019, the United States accounted for being the highest producer of compound feed accounting for 214 million metric tons while Mexico accounted for 36.2 million metric tons and Canada for 21.6 million metric tons. The addition of yeast to feed is one of the ways to improve the gut health of the animal and aid in increased feed conversion ratio, resulting in a positive impact on the meat yield. While live yeast is mostly used in home-based feed, produced from corn and soybean, other forms of yeast are popular in compound feed. There has also been increased awareness among farmers about providing optimum nutrition to farm animals. This has led to an increased usage of feed additives such as yeast for improving the productivity and health of animals. It is also seen that the majority of the feed consumption is by the poultry segment in the region. The addition of yeast to poultry feed is one of the ways to improve the gut health of the animal and aid in increased feed conversion ratio, resulting in a positive impact on the meat yield. A combination of yeast and probiotics has been observed to have a maximum impact on the weight gain and productivity of broilers. Hence the increased production of feed in the region constitutes a positive push towards the demand for feed yeast during the forecast period.
Increased Meat and Meat Products Consumption
The rise in population, increase in disposable incomes and rapid growth of urbanization in North America has spurred the growth of animal protein food. The demand for high-quality meat and milk has led to increased consumption of compound feed in the region. Apart from feed amino acids, enzymes, prebiotics, and others, feed yeast is also on-demand, due to its functional properties such as balancing pH and enhancing fiber digestion. Due to the rise in the high demand for animal meat, American farmers are adopting various techniques in the production of livestock such as shifting towards shorter-cycle species (pig and poultry), accelerating production cycles, and increasing livestock numbers. Apart from poultry and cattle, aquaculture is also growing as a rich source of proteins. Increasing awareness of consumers on animal protein is driving the feed yeast market. The rising demand for animal meat and dairy products is expected to boost the production of compound feed in the region, thereby acting as a catalyst for the feed yeast market during the forecast period.
Competitive Landscape
The North America Feed Yeast Market is fragmented with top global and regional players competing fiercely with local players to garner market share. Companies are increasingly investing in R&D infrastructure to develop continuous product development cycles. Some of the major players in the North America Feed Yeast Market include Archer Daniels Midland Company, Nutreco N.V., Alltech, Inc., Lallemand, Inc., and Leiber GmbH, among others.
Reasons to Purchase this report:
This product will be delivered within 2 business days.
Key Market Trends
Increased Compound Feed Production
According to the Alltech feed survey in the year 2019, the United States accounted for being the highest producer of compound feed accounting for 214 million metric tons while Mexico accounted for 36.2 million metric tons and Canada for 21.6 million metric tons. The addition of yeast to feed is one of the ways to improve the gut health of the animal and aid in increased feed conversion ratio, resulting in a positive impact on the meat yield. While live yeast is mostly used in home-based feed, produced from corn and soybean, other forms of yeast are popular in compound feed. There has also been increased awareness among farmers about providing optimum nutrition to farm animals. This has led to an increased usage of feed additives such as yeast for improving the productivity and health of animals. It is also seen that the majority of the feed consumption is by the poultry segment in the region. The addition of yeast to poultry feed is one of the ways to improve the gut health of the animal and aid in increased feed conversion ratio, resulting in a positive impact on the meat yield. A combination of yeast and probiotics has been observed to have a maximum impact on the weight gain and productivity of broilers. Hence the increased production of feed in the region constitutes a positive push towards the demand for feed yeast during the forecast period.
Increased Meat and Meat Products Consumption
The rise in population, increase in disposable incomes and rapid growth of urbanization in North America has spurred the growth of animal protein food. The demand for high-quality meat and milk has led to increased consumption of compound feed in the region. Apart from feed amino acids, enzymes, prebiotics, and others, feed yeast is also on-demand, due to its functional properties such as balancing pH and enhancing fiber digestion. Due to the rise in the high demand for animal meat, American farmers are adopting various techniques in the production of livestock such as shifting towards shorter-cycle species (pig and poultry), accelerating production cycles, and increasing livestock numbers. Apart from poultry and cattle, aquaculture is also growing as a rich source of proteins. Increasing awareness of consumers on animal protein is driving the feed yeast market. The rising demand for animal meat and dairy products is expected to boost the production of compound feed in the region, thereby acting as a catalyst for the feed yeast market during the forecast period.
Competitive Landscape
The North America Feed Yeast Market is fragmented with top global and regional players competing fiercely with local players to garner market share. Companies are increasingly investing in R&D infrastructure to develop continuous product development cycles. Some of the major players in the North America Feed Yeast Market include Archer Daniels Midland Company, Nutreco N.V., Alltech, Inc., Lallemand, Inc., and Leiber GmbH, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nutreco N.V.
- Archer Daniels Midland Company
- Lallemand, Inc.
- Alltech, Inc.
- Leiber GmbH
- Wester Yeast Company
- Associated British Foods plc
- Lesaffre Group
Methodology
LOADING...
