How Increasing Demand For Eggs And Poultry Meat Propel The Growth Of The Yeast Probiotic Ingredient For Animal Market || Chr. Hansen A/S, Koninklijke DSM N.V., DuPont de Nemours Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Yeast Probiotic Ingredient For Animal Global Market Report 2023 identifies the growing demand for eggs and poultry meat is the major driver for the yeast probiotic ingredient for animal market's growth in the forecast period. Poultry meat refers to the edible portion of any domesticated avian species, such as chicken, turkey, duck, geese, Japanese quail and guinea fowl. Probiotics are used as an additive in poultry feed, which helps the poultry farm animals disease-free and boosts their immunity to produce more eggs and meat. For instance, according to the organization for economic co-operation and development (OECD), a France-based intergovernmental organization with the goal of stimulating economic progress and world trade, the consumption of pork meat increased from 106.279 million tons in 2020 to 108.775 million tons in 2021 and consumption of beef meat increased from 70.882 million tons in 2020 to 71.451 million tons in 2021.


The global yeast probiotic ingredient for animal market size is expected to grow from $4.98 billion in 2022 to $5.32 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global yeast probiotic ingredient for animal market size is expected to reach $7.88 billion in 2027 at a CAGR of 10.3%.

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Major competitors in the yeast probiotic ingredient for animal market are Chr. Hansen A/S, Koninklijke DSM N.V., DuPont de Nemours Inc., Evonik Industries AG, Mitsui & Co. Ltd., Novozymes A/S, Lallemand Inc., Kemin Industries Inc., Kerry Group PLC., Dow Inc., BASF SE, Perstorp AB, Eastman Chemical Company.

A key trend in the yeast probiotic ingredient for animal market includes product innovations. Major companies operating in the swine feed probiotic yeast market are focusing on improving feed use efficiency on the probiotic yeast they are offering for swine feed. For instance, in January 2023, Phileo by Lesaffre, a France-based provider of animal welfare and performance solutions based on live yeasts, bacteria and yeast products launched Actisaf Sc 47 HR+ probiotic yeast for swine feed and poultry feed.

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The yeast probiotic ingredient for animal market is segmented -

• By Product Type: Live, Spent, Yeast Derivatives

• By Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera

• By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the yeast probiotic ingredient for animal market.

The Business Research Company's "Global Yeast Probiotic Ingredient For Animal Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Yeast Probiotic Ingredient For Animal Market Include:
1. Executive Summary
2. Yeast Probiotic Ingredient For Animal Market Characteristics
3. Yeast Probiotic Ingredient For Animal Market Trends And Strategies
4. Yeast Probiotic Ingredient For Animal Market - Macro Economic Scenario
5. Yeast Probiotic Ingredient For Animal Market Size And Growth
……………
27. Yeast Probiotic Ingredient For Animal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Yeast Probiotic Ingredient For Animal Market
29. Yeast Probiotic Ingredient For Animal Market Future Outlook And Potential Analysis
30. Appendix

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