The global feed yeast market is projected to grow from USD 375.5 million in 2016 to USD 602.8 million by 2022, at a CAGR of 8.21% from 2016 to 2022. Increasing demand for quality animal produce, improved feed efficiency and animal productivity, and growing awareness about animal health and feed quality are some of the key factors driving the growth of this market.
Request for Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=108142106
The feed yeast market is mainly impacted by the increasing consumer demand for quality animal produce. The significant increase in demand for various animal products, such as milk, dairy products, meat products, eggs, and other non-food items has fueled the growth of the feed yeast market.
The feed yeast market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. Increasing usage and awareness about the positive effects of feed yeast are projected to contribute significantly to the market growth. Feed yeast is added to cattle, dairy, poultry, equine, and pet feed to help animals digest fiber-dense products and increase their feed intake efficiency. In the developing countries of Asia-Pacific with low per capita income, the inclusion of feed yeast in the diet of livestock helps lower the overall production cost of animal-based products.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=108142106
Strict government regulations have hindered the growth of the feed yeast market. Spent yeast is mainly derived as an industrial fermentation by-product and is a rich source of protein, particularly for poultry, swine, and ruminants. Since decades, brewers have been selling their leftover grains to farmers for feeding their livestock. However, in April 2014, the US government imposed a regulation that spent grain should be used for pet food. The imposition of this regulation is projected to be expensive for manufacturers as well as farmers, and hamper the market growth.
Key players in the market include Archer Daniels Midland Company (US), AngelYeast Co., Ltd (China), LALLEMAND Inc (Canada), Alltech (US), and Cargill, Incorporated (US), Associated British Foods plc (UK), Nutreco N.V. (Netherlands), Lesaffre (France), Leiber GmbH (Germany), and Diamond V (US). These players are focusing on undertaking mergers & acquisitions, expansions, new product launches, partnerships, agreements, joint ventures, and collaborations to improve their presence in the market.
Target Audience
- Feed yeast manufacturers
- Feed yeast importers and exporters
- Feed yeast traders, distributors, and suppliers
- Government and research organizations
- Associations and industry bodies such as The Food and Agriculture Organization (FAO), The National Grain and Feed Association (NGFA), The Compound Feed Manufacturers Association (CLFMA), The Animal Feed Manufacturers Association (AFMA), and The European Feed Manufacturers’ Federation (FEFAC)
