The Europe Feed Yeast Market is projected to register a CAGR of 4.2% during the forecast period 2020-2025. Yeast is added to compound and home-based animal feed to aid in the digestion of the feed and to improve the gut health of the animal. An increase in the production and usage of compound feed and increased industrialized livestock production in the region is expected to be the major factor driving the growth of the Feed Yeast Market over the forecast period. The future of the feed yeast market in Europe is very bright due to the increasing focus of various governments on feed cost reduction and boosting animal productivity.
Key Market Trends
Increased Consumption of Meat and Meat Products
According to the AllTech feed survey in the year 2019, The European compound feed industry has 4,000 production sites, often in rural areas, which offer few other employment opportunities in the region. Farm animals in the European Union consume an estimated 478 million metric tons of feed a year, and about 30% (156 million metric tons) of it is produced by compound feed manufacturers. 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 additive market during the forecast period. The growing demand for livestock products has been driving significant changes on the supply side that are aimed at improving livestock product yields. New capital-intensive technologies have made the production of poultry and pig meat in industrial style production facilities possible across the region, especially in countries where land is limited.
Increased Compound Feed Production
According to the AllTech feed survey in the year 2019, Spain and Russia among the European Union are the major producers of compound feed accounting for 35 million MT and 40.5 million MT annual production. 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. It has been estimated that close to 40% of the feed yeast consumption globally is accounted for, by swine feed as it is majorly consumed in this region. With the pig meat production increasing every year and with increased emphasis on productivity and weight gain of pigs, the swine Feed Yeast Market is projected to grow at a robust pace over the forecast period.
Competitive Landscape
The Europe 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 Europe Feed Yeast Market include Archer Daniels Midland Company, Nutreco N.V., Alltech, Inc., Lallemand, Inc., and Leiber GmbH, among others.
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Key Market Trends
Increased Consumption of Meat and Meat Products
According to the AllTech feed survey in the year 2019, The European compound feed industry has 4,000 production sites, often in rural areas, which offer few other employment opportunities in the region. Farm animals in the European Union consume an estimated 478 million metric tons of feed a year, and about 30% (156 million metric tons) of it is produced by compound feed manufacturers. 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 additive market during the forecast period. The growing demand for livestock products has been driving significant changes on the supply side that are aimed at improving livestock product yields. New capital-intensive technologies have made the production of poultry and pig meat in industrial style production facilities possible across the region, especially in countries where land is limited.
Increased Compound Feed Production
According to the AllTech feed survey in the year 2019, Spain and Russia among the European Union are the major producers of compound feed accounting for 35 million MT and 40.5 million MT annual production. 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. It has been estimated that close to 40% of the feed yeast consumption globally is accounted for, by swine feed as it is majorly consumed in this region. With the pig meat production increasing every year and with increased emphasis on productivity and weight gain of pigs, the swine Feed Yeast Market is projected to grow at a robust pace over the forecast period.
Competitive Landscape
The Europe 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 Europe 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
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