Evolve Business Intelligence has published a research report on the Global Feed Yeast Market, 2023–2033. The Global Feed Yeast market is projected to exhibit a CAGR of around 4.83% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Feed Yeast Market: Alltech Inc, Archer Daniel Midland Co, Associated British Foods, Cargill Inc, DSM Nutritional Products, Innov Ad NV/SA, Kemin Industries, Lallemand Inc, Novus International Inc, Phibro Animal Health Corporation.
Market Highlights
Global Feed Yeast market is projected to be valued at USD 2.85 Billion by 2033, recording a CAGR of around 4.83% during the forecast period. Feed yeast, also known as yeast biomass or yeast culture, is a type of nutritional supplement used in animal nutrition and animal feed formulations. It is derived from various yeast strains, primarily Saccharomyces cerevisiae, which undergo a fermentation process to produce yeast biomass. Feed yeast is a rich source of high-quality protein, essential amino acids, vitamins, and minerals, making it a valuable dietary component for livestock, poultry, and aquatic animals. It aids in improving digestion, enhancing gut health, and promoting nutrient absorption, which can lead to better growth performance and overall animal health. Feed yeast is available in various forms, including dried yeast, live yeast, and yeast cell wall derivatives, and is commonly incorporated into animal feed to support optimal nutrition and productivity in the agricultural and aquaculture sectors.
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The COVID-19 pandemic had a significant and transformative impact on the Feed Yeast market. As the pandemic disrupted global supply chains and transportation networks, there were challenges in sourcing and distributing feed yeast, leading to price fluctuations and supply chain disruptions. However, the pandemic also heightened the focus on food security and self-sufficiency, prompting increased investments in agriculture and animal husbandry, which drove the demand for feed yeast. Additionally, with the growing awareness of the importance of animal health and nutrition during the pandemic, there was a shift towards using feed yeast as a nutritional supplement to enhance animal immunity and overall health. The feed yeast industry also witnessed increasing adoption of digital technologies and innovative solutions to optimize production and distribution processes. As the world emerges from the pandemic, the feed yeast market is likely to continue evolving, with sustained emphasis on food safety, sustainability, and advanced animal nutrition practices driving its growth in the post-pandemic era.
Segmental Analysis
The Global Feed Yeast market has been segmented based on Sub Additive, and Animal.
Based on the Sub Additive, the Feed Yeast market is segmented into Live Yeast, Selenium Yeast, Spent Yeast, Torula Dried Yeast, Whey Yeast, and Yeast Derivatives. The Live Yeast segment is expected to have a larger market share throughout the forecast period.
Based on Animals, the global Feed Yeast market has been divided into Aquaculture, Poultry, Ruminants, and Swine. The Aquaculture segment is anticipated to dominate the market.
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Regional Analysis
The Feed Yeast market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America region includes countries in North America, such as the U.S. and Canada, which have a significant presence in the animal feed industry and are major consumers of feed yeast. Encompassing countries in Europe, this region is also a significant player in the feed yeast market, with well-established livestock and poultry industries. This region consists of countries in Asia and the Pacific, including China, India, Japan, and others. It is one of the fastest-growing regions in the feed yeast market, driven by increasing demand for high-quality animal protein and dairy products. Comprising countries in South America, this region is an important player in the feed yeast market, with a growing focus on animal nutrition and welfare. This region includes countries in the Middle East and Africa, where livestock and poultry farming are essential for food security and economic growth. The demand for feed yeast is rising in this region due to increasing livestock production and a focus on improving animal health and productivity.
