The global feed yeast market, as per a report by Market Research Future (MRFR) is touted to surpass a valuation of USD 2.23 billion, registering a CAGR of 5.8% during the forecast period (2019-2024). The rising focus on animal nutrition in the Asia Pacific and the growth in compound feed consumption are some of the primary growth stimulants of the feed yeast market. With the recent ban on antibiotic growth promoters, the need for effective products like yeast probiotics, feed acidifiers, and yeasts have increased. Outbreaks of diseases like avian flu and avian influenza have led to a huge caution in the meat market of the U.S. To curtail such outbreaks, the use of feed antibiotics as growth promoters have been banned, thereby promoting the feed yeast market. Advantages such as reduction of cost, enhancing the digestibility of the feed, and improving the absorption of nutrients are some of the primary growth stimulants of the market. Due to such factors, feed yeast is becoming highly popular and are rapidly replacing antibiotics as they impart improved performance and health to the livestock.
On the contrary, low awareness regarding feed yeast among the consumers is likely to restrict the market growth across the globe. Rapid industrialization in the livestock industry is resulting in rising consumption of yeast. High production cost is another major concern for the market growth. Moreover, government mandates associated with the manufacturing, packaging, and labeling of yeast feed is likely to restrict the market in the foreseeable future.
The top players operating in the feed yeast packing market include Archer-Daniels-Midland Company (US), Alltech, Inc. (the US), Cargill Inc. (US), Kothari Fermentation and Biochem Ltd. (India), Angel Yeast Company (China), Oriental Yeast India Pvt. Ltd. (India), Lesaffre Yeast Corporation (France), Hansen A/S (Denmark), LALLEMAND Inc. (Canada), Associated British Foods PLC (UK), Biomin Gmbh (Austria), Novus Interantional Inc. (US), Diamond V Mills Incorporated (US), Leiber GmbH (Germany), and Nutreco N.V (Netherlands).
Feed Yeast Market: Segmental Analysis
The feed yeast market share has been segmented on the basis of type, livestock, and form.
By type, the market is segmented into spent yeast, live yeast, yeast derivatives, and others. Of these, live yeast is likely to dominate the global market.
By form, the feed yeast market Size comprises liquid, powder, and others. Of these, the powder segment is predicted to dominate the market due to its ease of handling and higher stability.
By livestock, the market is classified into poultry, ruminants, swine, and others. Of these, the poultry segment is anticipated to dominate the market.
Geographically, the feed yeast industry spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).
Considering the global scenario, Europe is likely to dominate the feed yeast market value, mainly due to the ever-rising population, coupled with the soaring consumption of meat products in the developed countries of the region. The presence of industry bigshots in the region and strategies followed by them, such as merger and acquisition are driving the regional market. Small industry players present in the region are likely to expand their businesses owing to the surging demand for feed yeast, especially from the animal feed industry. This is further estimated to propel the market growth in the region.
The Asia Pacific region is estimated to experience significant growth due to the soaring demand for superior feed products for improved health and enhanced livestock performance. The ban on the usage of antibiotics as a growth promoter in livestock across the countries of North America and Europe has impacted the countries in the Asia Pacific. This has further encouraged key players to develop health supplements and natural growth promoters. Livestock producers are seeking innovative ways to promote animal production with the help of products with similar benefits. This has further stimulated the regional market’s growth globally.
August 2019: A team of Austrian researchers has recently succeeded in feeding yeasts with CO2, thus allowing the development of yeast biomass, which can be used as an alternative to agriculturally produced protein-rich feed sources like soy.
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