Press release
Global Feed Yeast Market is projected to reach USD 86.58 Billion by 2021, at a CAGR of 9.5%
Yeasts have been used in feed for many years. Both the Bovine Spongiform Encephalopathy crisis (mad cow disease), and the growing concern among customers about their diet have led to an increased use of "clean “protein sources, such as Yeast, in animal feed. Leading companies in the animal feed yeast market are continuously seeking new equipment for manufacturing yeast with high nutritive value. Prominent livestock industries are gradually using animal feed yeast for enhancing the diet of animals.
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Feed yeasts are cost efficient and less harmful to the animals compared to other additives. They also act as nutritive supplements. Moreover, ban on Antibiotic growth promoters in various parts across the globe, Growth in Compound Feed Consumption and Increasing awareness regarding animal nutrition are propelling the growth of the market. The high costs associated with production, lack of awareness about the feed yeast benefits among farmers mainly in the developing countries and Government regulations are hindering the growth of the market.
The global market for feed yeast is segmented on the basis of type into Live yeast, Spent yeast & Yeast derivatives. And on the basis of type of animals the market is analysed for Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others. The poultry segment takes the largest market share for feed yeast trailed by the swine segment.
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Furthermore, on the basis of geography the market is analysed under various regions namely, North America, Europe, Latin America, Asia-Pacific and Middle-east & Africa. Europe and Asia-Pacific regions constitutes to around 58% of the global feed yeast market in 2016 with Asia-Pacific region showing highest growth rate in the forecast period owing to the high growth in animal feed market.
The growing demand for feed yeast is forcing the global players to add this to their product offerings. To benefit from this growth trend of global feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast. Some of the leading players in this industry include, Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.
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