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Animal Feed Yeast Market Size - By Product (Autolyzed Yeast, Hydrolyzed Yeast, Dried Inactive Yeast, Yeast Culture, Live Yeast, Yeast Beta-Glucan, Active Dry Yeast), By Application (Poultry, Swine, Cattle, Aquaculture, Pet Food, Equine), Regional Insights & Industry Forecast, 2023-2032

Report ID: FBI 1011

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Published Date: Jul-2023

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Format : PDF, Excel

Market Outlook:

Animal Feed Yeast Market size surpassed USD 143 Billion in 2022 and is poised to reach USD 261.8 Billion, growing at over 5.4% CAGR between 2023 and 2030. This expansion can be attributed to various factors, such as increasing consumer awareness regarding the nutritional benefits of animal feed yeast, rising demand for high-quality animal protein, and growing livestock production globally. Additionally, the growing trend of pet ownership and the rising demand for premium pet food products are further contributing to the market growth.

Base Year Value (2022)

USD 143 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023 - 2030)

5.4%

18-23 x.x %
24-33 x.x %

Forecast Year Value (2030)

USD 261.8 Billion

18-23 x.x %
24-33 x.x %
Animal Feed Yeast Market

Historical Data Period

2018 - 2021

Animal Feed Yeast Market

Largest Region

North America

Animal Feed Yeast Market

Forecast Period

2023 - 2030

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Market Dynamics:

Growth Drivers & Opportunities:

1. Nutritional Benefits: Animal feed yeast is rich in essential nutrients, such as amino acids, vitamins, minerals, and enzymes. Consumption of feed yeast helps in improving gut health, enhancing digestion, and boosting immunity in animals, which subsequently leads to improved animal productivity and overall performance.

2. Increasing Demand for Animal Protein: The rising global population, along with changing dietary preferences, has resulted in an increased demand for animal-based protein. As a result, livestock producers are focusing on improving the nutritional content of animal feed to enhance animal growth and productivity, driving the demand for animal feed yeast.

3. Rising Livestock Production: With the growing demand for meat, milk, and other animal-derived products, the livestock production industry is experiencing substantial growth. Animal feed yeast plays a pivotal role in improving feed quality, promoting growth, and preventing diseases in livestock, thereby positively impacting the growth of the animal feed yeast market.

 

Industry Restraints & Challenges:

Report Scope

Report CoverageDetails
Segments CoveredSource, Application & Regions
Regions Covered• North America (United States, Canada, Mexico), • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC), • Latin America (Argentina, Brazil, Rest of South America), • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledLesaffre Group, Angel Yeast, Archer Daniel Midland Company, Trouw Nutrition, Alltech Inc, Biorigin, Novus International Inc., and Lallemand

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1. Volatility in Raw Material Prices: Animal feed yeast production heavily relies on raw materials such as molasses, corn, and other grains. Fluctuations in the prices of these raw materials can affect the profitability of animal feed yeast manufacturers, posing a challenge to the market growth.

2. Stringent Regulatory Framework: The animal feed industry is subject to various regulations and quality standards. Compliance with these regulations requires animal feed yeast manufacturers to invest in research and development activities, quality control measures, and product safety standards, which can be both time-consuming and expensive.

3. Availability of Substitutes: Despite the numerous benefits of animal feed yeast, there are alternative feed additives available in the market that provide similar advantages. The presence of substitutes, such as synthetic additives and other natural products, poses a challenge to the animal feed yeast market by creating competitive pressures.

In conclusion, the animal feed yeast market is set to witness robust growth due to factors such as its nutritional benefits, increasing demand for animal protein, and rising livestock production. However, challenges including volatile raw material prices, stringent regulations, and the availability of substitutes need to be addressed by industry players to sustain and expand their market presence.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Animal Feed Yeast Market
Animal Feed Yeast Market

Regional Forecast:

North America:

The animal feed yeast market in North America is expected to witness significant growth over the forecast period. Increasing consumer awareness regarding the benefits of animal feed yeast and the rising demand for meat and dairy products are driving the market growth in this region. Moreover, the presence of major market players and the adoption of advanced technologies for animal nutrition further contribute to the market expansion.

Asia Pacific:

The Asia Pacific region is projected to experience substantial growth in the animal feed yeast market. Rapid urbanization, population growth, and the shift towards protein-rich diets have led to increased demand for livestock products. The rising disposable income and changing lifestyle patterns in countries like China and India are further propelling the market growth. Additionally, the presence of a large number of feed manufacturers and the rising emphasis on animal health in the region contribute to market expansion.

Europe:

Europe is anticipated to hold a significant market share in the animal feed yeast market. The growing awareness regarding animal health and nutrition, along with the implementation of stringent regulations related to animal feed additives, is driving the market growth in this region. The increasing demand for organic and natural feed solutions and the rise in pet ownership also contribute to the market expansion. The presence of key market players and continuous investments in research and development further stimulate the market growth.

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Segmentation Analysis:

Segment: Livestock

Livestock sub-segment: Poultry

Poultry, as a sub-segment of the livestock segment, holds immense potential in the animal feed yeast market. Poultry farming is one of the fastest-growing sectors, driven by the increasing demand for poultry products worldwide. Animal feed yeast plays a crucial role in poultry nutrition, enhancing growth, immunity, and reproductive performance. It also helps in maintaining gut health, reducing the risk of diseases, and improving overall bird health and productivity. The rising consumption of poultry products and the growing focus on sustainable and healthy farming practices are expected to drive the demand for animal feed yeast in the poultry sub-segment.

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Competitive Landscape:

The animal feed yeast market is highly competitive, with a significant number of players operating in the industry. Some of the major market players include:

1. Lesaffre Group

2. Archer Daniels Midland Company

3. Alltech

4. Cargill, Incorporated

5. Associated British Foods plc

6. Nutreco N.V.

7. Angel Yeast Co., Ltd.

8. Lallemand Inc.

9. Leiber GmbH

10. Kemin Industries, Inc.

These companies focus on strategic initiatives such as mergers and acquisitions, product launches, and partnerships to maintain their market position and ensure their growth in the animal feed yeast market. They also invest in research and development activities to introduce innovative and superior quality products to meet the evolving consumer demands.

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Animal Feed Yeast Market Size - By Product (Autoly...

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