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Swine Feed Probiotic Yeast Market 2024 - By Industry Analysis, Competitive Landscape, Growth Factors, Revenue And Outlook By 2033
Swine Feed Probiotic Yeast Market
According to The Business Research Company's, The swine feed probiotic yeast market size has grown strongly in recent years. It will grow from $1.4 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to scientific validation of benefits, industry adoption and success storie, shift away from antibiotic growth promoters, research on gut health in swine, awareness of feed efficiency..
The swine feed probiotic yeast market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to research and development investments, market expansion in emerging economies, demand for natural feed additives, expansion in swine production, focus on animal welfare and health.. Major trends in the forecast period include growth in livestock production, rising focus on gut health, demand for natural alternatives, technological advancements in probiotics, regulatory support for feed additives..
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Market Drivers and Trends:
Growth in livestock consumption is expected to propel the growth of the swine feed probiotic yeast market going forward. Livestock refers to farm animals with the exception of poultry such as cattle, sheep, pigs, goats, horses, donkeys, mules and other animals. Swine feed probiotic yeast is used to improve pig gut intestinal health by lowering pathogen loads and boosting their immune systems which lower the need to use antibiotics in swine feed which mitigates antimicrobial resistance and makes consumption of pork meat safer for the public. 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. Therefore, the growth in livestock consumption is driving the swine feed probiotic yeast market.
Product innovation is the key trend gaining popularity in the swine feed probiotic yeast market. 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. The unique Actisaf Sc 47 HR+ microspherule shape was developed to provide inherent resistance to combined temperature, friction and moisture in pelleting feed without the requirement for foreign material coating.
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Major Key Players of the Market:
Chr. Hansen A/S; Koninklijke DSM N V; Archer Daniels Midland; Alltech; Kemin Industries Inc.; Biorigin; Cargill Incorporated; Nutreco N V; Phileo by Lesaffre; Lallemand Inc.; Novus International Inc.; Angel Yeast Co. Ltd.; Novozymes A/S; Ohly; Calpis Co. Ltd.; Land O'Lakes Inc.; Evonik Industries AG; Associated British Foods plc; BASF SE; Kent Foods Limited; Lesaffre; DuPont; AB Vista; Biomin Holding GmbH; Provimi Holding BV; Diamond V Mills Inc.; Pancosma SA; BioResource International Inc.; Orffa Animal Nutrition Pvt. Ltd.; Neogen Animal Nutrition
Swine Feed Probiotic Yeast Market 2024 Key Insights:
• The swine feed probiotic yeast market will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Rising Livestock Consumption Drives Growth In The Swine Feed Probiotic Yeast Market
• Product Innovations Transforming The Swine Feed Probiotic Yeast Market
• Asia-Pacific was the largest region in the swine feed probiotic yeast market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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