Feed Yeast Market Overview
The Feed Yeast Market Size is expected to reach USD 2.85 Billion by 2033. The Feed Yeast industry size accounted for USD 1.41 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 4.83% from 2023 to 2033. Feed yeast refers to a natural and nutritious feed ingredient derived from yeast strains, primarily Saccharomyces cerevisiae, which is cultivated and processed to produce a high-protein and vitamin-rich supplement for animal nutrition. It serves as a valuable source of essential amino acids, B-complex vitamins, minerals, and other bioactive compounds, promoting enhanced digestion, immune function, and overall animal health. Feed yeast is commonly used in animal diets for poultry, swine, ruminants, and aquaculture, contributing to improved feed efficiency, growth performance, and production yields while reducing the need for synthetic additives and antibiotics in animal feed formulations.
Global Feed Yeast Market Synopsis
COVID-19 Impact Analysis
The Feed Yeast market underwent a profound and transformative shift due to the impact of the COVID-19 pandemic. As the pandemic disrupted global supply chains, transportation, and labor availability, feed yeast production and distribution faced challenges. Fluctuations in ingredient availability and prices led to supply constraints, affecting feed manufacturers and livestock farmers. Moreover, the economic downturn and restrictions on human mobility affected the consumption patterns of animal products, influencing the demand for feed yeast. However, amidst these challenges, the pandemic also accelerated the industry’s focus on sustainable and locally sourced feed solutions, as well as the adoption of digital technologies for efficient production and distribution. The Feed Yeast market demonstrated resilience and adaptability, positioning itself to address the changing demands and challenges of the post-pandemic era.
Feed Yeast Market Dynamics
The major factors that have impacted the growth of Feed Yeast are as follows:
Drivers:
Ø Rising Demand for Sustainable and Natural Feed Additives
The increasing consumer awareness of sustainable and natural farming practices has driven the demand for feed additives like feed yeast, which offers a viable alternative to synthetic additives. Feed yeast’s natural origin and nutritional benefits make it attractive to feed manufacturers and livestock producers aiming to enhance animal health and product quality while aligning with responsible and eco-friendly farming practices.
Restraint:
- Fluctuating Prices of Feed Ingredients
Feed yeast production relies on specific feedstock ingredients, and fluctuations in their availability and prices can pose a restraint on the Feed Yeast market. Supply chain disruptions, changes in commodity markets, and other external factors can impact the cost and availability of feedstock, potentially affecting the profitability and pricing of feed yeast products.
Opportunity:
    Growing Livestock and Aquaculture Industries
The expanding global population and rising demand for animal protein products, such as meat and seafood, create a significant opportunity for the Feed Yeast market. As the livestock and aquaculture industries continue to grow, the demand for high-quality and nutritionally rich feed additives, like feed yeast, is expected to increase to support improved animal health, productivity, and sustainable animal protein production.
Feed Yeast Segment Overview
By Sub-Additive
Based on Sub-Additive, the market is segmented based on Live Yeast, Selenium Yeast, Spent Yeast, Torula Dried Yeast, Whey Yeast, and Yeast Derivatives. The Live Yeast segment is projected to experience substantial growth during the forecast period in the Feed Yeast market due to its ability to enhance animal gut health, improve nutrient absorption, and support the development of balanced and stable gut microbiota, leading to increased animal performance and productivity.
By Animal
Based on Animals, the market has been divided into Aquaculture, Poultry, Ruminants, and Swine. Aquaculture stands as the dominant force in the Feed Yeast Market, driving the demand for feed yeast as a crucial nutrition solution for improved growth and health of aquatic species in the aquaculture industry.
Global Feed Yeast Market Regional Analysis
Based on region, the global Feed Yeast market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Feed Yeast market followed by the Asia-Pacific and Europe regions.
North America Market
North America has consistently maintained a dominant position in the Feed Yeast market due to several factors. The region’s well-established and technologically advanced livestock and aquaculture industries create a strong demand for high-quality feed additives like feed yeast to enhance animal health and productivity. Additionally, the region’s focus on sustainable and natural farming practices has led to increased adoption of feed yeast as a viable alternative to synthetic additives, further bolstering its market presence. Moreover, North America’s robust research and development capabilities in animal nutrition and feed Animal have contributed to continuous product innovation and improved feed formulations, driving the popularity of feed yeast in the region. With a commitment to quality, efficiency, and sustainable agriculture, North America remains a key player in the global Feed Yeast market.
Asia-Pacific Market
The Asia-Pacific region has emerged as a rapidly growing market for the Feed Yeast industry, driven by several factors. The region’s increasing population, rising disposable incomes, and changing dietary preferences have led to a surge in demand for animal-based protein products, such as meat, eggs, and dairy. As a result, there is a growing need for efficient and sustainable animal production, propelling the demand for feed additives like feed yeast to improve animal health and productivity. Moreover, the expansion of the aquaculture industry in countries like China, India, and Indonesia has significantly contributed to market growth, as feed yeast plays a crucial role in enhancing the growth and health of aquatic species. Furthermore, increasing investments in livestock and aquaculture research and development, along with the adoption of advanced feed technologies, has further accelerated the popularity of feed yeast in the Asia-Pacific region. With a focus on meeting the rising protein demand and ensuring food security, the region continues to present vast opportunities for the Feed Yeast industry’s future expansion and development.
Competitive Landscape
The Global Feed Yeast market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.
Prominent Players:
- 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
Key Development
In January 2023, Novus International completed the acquisition of the Biotech company Agrivida to develop innovative feed additives.
In September 2022, Lallemand established a new branch in Poland to enhance its presence in the country and directly sell its microbial-based animal nutrition and well-being solutions.
Scope of the Report
Global Feed Yeast Market, by Sub-Additive
- Live Yeast
- Selenium Yeast
- Spent Yeast
- Torula Dried Yeast
- Whey Yeast
- Yeast Derivatives
Global Feed Yeast Market, by Animal
- Aquaculture
- Poultry
- Ruminants
- Swine
Global Feed Yeast Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2033: $2.85 Billion |
| CAGR | 4.83% CAGR (2023-2033) |
| Base year | 2022 |
| Forecast Period | 2023-2033 |
| Historical Data | 2021 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Sub-Additive, Animal |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
| Key Vendors | 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 |
| Key Market Opportunities | • Growing livestock and aquaculture industries |
| Key Market Drivers | • Increasing consumer demand for sustainable and natural feed additives. |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Feed Yeast market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Feed Yeast market historical market size for the year 2021, and forecast from 2023 to 2033
- Feed Yeast market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Feed Yeast market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
