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Animal Feed Inactive Yeast Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Animal Feed Inactive Yeast Global Market
As per the report, the animal feed inactive yeast market size has grown strongly in recent years. It will grow from $154.61 billion in 2023 to $163.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The animal feed inactive yeast market size is expected to see steady growth in the next few years. It will grow to $196.63 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
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Meat Industry Growth Drives Surge In Animal Feed Inactive Yeast Market
Increasing meat consumption is expected to propel the growth of the animal feed inactive yeast market going forward. Meat is a term used to describe the edible muscular tissue of animals, typically mammals or birds, consumed as food by humans. The animal feeds inactive yeast is commonly used in livestock production as a nutritional supplement for animals. It is added to animal feed formulations to provide various benefits and improve the overall health and performance of livestock, increasing meat quality. For instance, in March 2023, according to the Australian Bureau of Statistics, an Australia-based government agency, beef production increased by 11.3% to reach 524,335 tons. Further, mutton production increased by 31.8% to 58,662 tons. Therefore, increasing meat consumption drives the demand for the animal feed inactive yeast market.
Lallemand's Breakthrough In Animal Feed Inactive Yeast
Product innovation is a key trend gaining popularity in the animal feed inactive yeast market. Major companies operating in the animal feed inactive yeast market are developing innovative products to sustain their position in the market. For instance, in March 2022, Lallemand Inc., a US-based animal nutrition company, launched YELA PROSECURE. It is a specifically designed hydrolyzed yeast that offers highly digestible and functional nutrients that support animal performance, digestive care, and feed palatability while contributing to the feed protein balance. This innovative product uses a controlled hydrolysis process by adding selected exogenous enzymes to the biomass. It ensures high nutrient digestibility and functionality while being reliable and available in volume. Additionally, it benefits animals by increasing nutrient digestibility, improving gut health, reducing the risk of disease, increasing growth rates, and improving feed conversion efficiency.
The animal feed inactive yeast market covered in this report is segmented -
1) By Form: Powder, Flakes, Tablet, Capsule
2) By Nature: Organic, Conventional
3) By Sales Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
4) By Application: Poultry, Swine, Cattle, Aquaculture, Pet food, Other Applications
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Major companies operating in the animal feed inactive yeast market report are Cargill Inc., The Archer-Daniels-Midland Company, AB Enzymes GmbH, Ohly GmbH, Feed One Co. Ltd., Novozymes A/S, ABF Ingredients, Angel Yeast Co. Ltd, Alltech, Chr. Hansen Holding A/S, Lallemand Inc., Kemin Industries, Phibro Animal Health Corporation, Novus International Inc., Scientific Feed Laboratory Co.Ltd., Lesaffre, DSM Nutritional Products AG, Biomin Holding GmbH, AB Mauri India Private Limited, ABITEC Corporation, Titan Biotech Ltd., Phileo by Lesaffre, Kothari Fermentation and Biochem Ltd., Berg + Schmidt GmbH & Co. KG, Biofeed Technology Inc., Leiber GmbH, Shandong Bio Sunkeen Co. Ltd., Shandong Huayou Yeast Corporation, ICC Brazil, Oriental Yeast India Pvt.Ltd.
Contents of the report:
1. Executive Summary
2. Animal Feed Inactive Yeast Market Report Structure
3. Animal Feed Inactive Yeast Market Trends And Strategies
4. Animal Feed Inactive Yeast Market - Macro Economic Scenario
5. Animal Feed Inactive Yeast Market Size And Growth
…..
27. Animal Feed Inactive Yeast Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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