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Yeast Probiotic Ingredient For Animal Market: Key Insights Into The Market Size, CAGR, Key Drivers, and Trends
Booming Livestock Production and Rising Demand for Natural Feed Supplements Propel the Yeast Probiotic Ingredient for Animal MarketWhat Is The Projected Market Size Of The Global Yeast Probiotic Ingredient For Animal Market And Its Growth Rate?
The market for yeast probiotic ingredients for animals has grown rapidly and is projected to maintain a robust momentum:
• The market size was $6.08 billion in 2024.
• Projected to reach $6.7 billion in 2025 (CAGR: 10.2%)
• Estimated to hit around $10.32 billion in 2029 (CAGR: 11.4%)
This impressive growth is attributable to probiotic benefits, antibiotic concerns, research and development initiatives, industry adoption, validation, regulatory support, and market penetration in developing regions.
What Is Driving The Growth In The Yeast Probiotic Ingredient For Animal Market?
Based on the rise of poultry meat and egg consumption, the yeast probiotics for animal market is poised for substantial growth. Probiotics serve as essential feed additives that fortify the immunity of poultry farm animals, prevent diseases, increase egg and meat production. Evidence from the United States Department of Agriculture (USDA) indicates a substantial increase in the consumption of chicken meat from 17,164 metric tons in 2021 to 17,674 metric tons in 2022.
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Who Are the Key Players Driving Yeast Probiotic Ingredient For Animal Market Growth?
Key players in the yeast probiotic ingredient for animal market are
• Chr. Hansen A/S
• Koninklijke DSM N V
• DuPont de Nemours Inc.
• Evonik Industries AG
• Novozymes A/S
• Lallemand Inc.
• Kemin Industries Inc.
• Kerry Group PLC
• BASF SE
• Macco Organiques Inc.
• Impextraco NV
• Lesaffre
• Alltech
• Provita Eurotech Ltd.
• BioResource International Inc.
• Bio-Vet Inc.
• BioZyme Inc.
• Diamond V
• Novus International Inc.
• Pure Cultures
• Vetanco
• Zinpro Corporation
What Are The Key Trends In The Yeast Probiotic Ingredient For Animal Market?
Key trends influencing the forecast period include:
• Growing demand for antibiotic alternatives
• Focus on gut health in livestock
• Regulatory shifts and compliance
• Rise in demand for natural feed supplements
• Expansion in livestock production
What Are The Segments Of The Global Yeast Probiotic Ingredient For Animal Market?
The market is segmented by:
1) Product Type: Live, Spent, Yeast Derivatives
2) Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera
3) Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine
Which Region Leads The Yeast Probiotic Ingredient For Animal Market?
North America dominated the yeast probiotic ingredient for animal market in 2024. However, other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa also show promising market potential.
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What Is Covered In The Yeast Probiotic Ingredient For Animal Market Global Market Report?
- Market Size Analysis: Analyze the Yeast Probiotic Ingredient For Animal Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Yeast Probiotic Ingredient For Animal Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Yeast Probiotic Ingredient For Animal Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Yeast Probiotic Ingredient For Animal Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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