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Global Feed Yeast Market is expected to grow at a CAGR of 4.19% during the forecast period from 2019-2025
Global Feed Yeast Market 2019, Global Feed Yeast Market Growth, Global Feed Yeast Market Trends and Analysis, Feed Yeast
Feed Yeast Market by Type (Probiotic Yeast, Specialty Yeast, Brewer's Yeast, Yeast Derivatives), Livestock (Cattle, Swine, Aquatic Animals, Pets, Others), Genus, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025
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Leading companies in the industry include Alltech Inc., Associated British Foods PLC, Lallemand Animal Nutrition, Inc., Cargill, Incorporated, Lesaffre Yeast Corporation, Novus Interantional Inc., Archer Daniels Midland Company, among otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in November 2018, Phileo (France), a subsidiary of Lesaffre, launched a new range ActisafSc 47 HR+ which is a feed yeast solution for farm animal species including ruminants, swine, and horses.
The type segment is classified as probiotic yeast, specialty yeast, brewer's yeast, and yeast derivatives. The probiotic yeast segment is growing at the highest CAGR of 9.2% in the forecast period. With the rising use of probiotics for animal nutrition, growth promotion, and gut health development, the probiotic yeast segment is expected to grow faster. Livestock segment is divided into segments such as cattle, swine, poultry, aquatic animals, pets and others. The aquatic animal's segment is dominating the market with the highest share of 30.10% in 2017. There is significant growth in fish farming practices in developing countries due to the increased profits through farmed fish cultivation. Providing feed yeast in the right quantities to aquatic animals leads to an optimal supply of essential nutrients. Genus segment includes Saccharomyces spp., Kluyveromyces spp., and Other Genera. The Saccharomyces spp. the segment is dominating the feed yeast market and valued around USD 724.33 Million in 2017. Saccharomyces cerevisiae has been the most widely accepted yeast for various uses, including feed. Of the various probiotic strains for animal nutrition, only Saccharomyces and Candida are approved for probiotic application in the feed industry.
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Growing industrialization in livestock industry leads to increased consumption of yeast which is one of the driving force. Also, increasing health concerns and growing awareness about the benefits of using yeast in livestock feed and rise in compound feed consumption are also fuelling the growth of the market. Growing industrialization in livestock industry leads to increased consumption of yeast. But lack of knowledge about the benefits of feed yeast is hindering the market growth. However, advancement in the animal feed industry should drive the industry growth in the coming years.
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