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Asia Pacific Feed Yeast Market - Growth, Trends and Forecasts (2020 - 2025)

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  • 120 Pages
  • June 2020
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5119161
The Asia Pacific feed yeast market is projected to register a CAGR of 3.9% during the forecast period 2020-2025. Asia-Pacific region is the top producer of feed yeast globally. A considerable spike in the per capita meat consumption is witnessed in developing countries such as China and India which is aided by the rapid industrialization of the meat sector in the region. Owing to health concerns and increased western influence, the Asia-Pacific populations have created a preference towards nutrition rich meat which subsequently raised the need for high-quality feed for the animals. This is observed to be achieved by employing feed yeast, which is found to be a better option as a nutritive supplement, furthermore, favorable due to its less harmful nature. Ban on the usage of antibiotics and increasing awareness among the producers about the feed yeast is witnessed in the region.

Key Market Trends

Increased Production of Compound Feed

According to the AllTech feed survey in the year 2019, The Asia pacific compound feed industry has approx 6,986 production sites, often in rural areas, which offer few other employment opportunities in the region. There has been increased emphasis on industrialization of livestock production in the Asia-Pacific region, as a result of the increasing demand for meat and meat products. 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. China is the largest producer of feed yeast in the region with an average annual production of 168 metric tons in 2019 as per the statistics provided by Alltech. Considering the large production base and the increased application in young animal diets, China's Ministry of Agriculture has changed the nomenclature of feed yeast as a "feedstuff" from the earlier designated nomenclature of "feed additive". With increased R&D expenditure by companies and governments, the market for feed yeast is expected to grow at a robust pace in the Asia-Pacific region, over the forecast period.

Increased Consumption of Meat and Meat Products

The rise in population, increase in disposable incomes and rapid growth of urbanization in Asia-Pacific 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, Asian 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 Asia Pacific 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 Asia pacific Feed Yeast Market include Archer Daniels Midland Company, Nutreco N.V., Alltech, Inc., Lallemand, Inc., and Leiber GmbH, among others.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Type
5.1.1 Live Yeast
5.1.2 Spent Yeast
5.1.3 Yeast Derivatives
5.2 Form
5.2.1 Fresh
5.2.2 Instant
5.2.3 Dry
5.3 Animal Type
5.3.1 Ruminants
5.3.2 Poultry
5.3.3 Swine
5.3.4 Other Animal Types
5.4 Geography
5.4.1 India
5.4.2 China
5.4.3 Japan
5.4.4 Rest of Asia Pacific
6.1 Most Adopted Strategies
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Nutreco N.V.
6.3.2 Archer Daniels Midland Company
6.3.3 Lallemand, Inc.
6.3.4 Alltech, Inc.
6.3.5 Leiber GmbH
6.3.6 Wester Yeast Company
6.3.7 Associated British Foods plc
6.3.8 Lesaffre Group
6.3.9 Shenyang Fada Co., Ltd.
6.3.10 Angel Yeast Co., Ltd.

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
  • Shenyang Fada Co., Ltd.
  • Angel Yeast Co., Ltd.