The global feed yeast market size is estimated to account for USD 1.8 billion in 2020 and is projected to reach USD 2.3 billion by 2025, recording a CAGR of 5.1% during the forecast period. The market is driven by factors such as ban on the use of antibiotics in feed as a growth promoter and increasing use of yeast as a nutritional supplement for livestock. Also, rising concern regarding animal health and feed quality has been driving the growth of this market.
Report Objectives:
- Determining and projecting the size of the market with respect to type, livestock, genus, and region over a five-year period from 2020 to 2025
- Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Analyzing the demand-side factors on the basis of the following:
- Impact of macro- and microeconomic factors on the market
- Shifts in demand patterns across different subsegments and regions
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COVID-19 Impact on the Global Feed Yeast Market
The feed yeast market includes major Tier I and II suppliers like Associated British Foods Inc., Archer Daniels Midland Company, Alltech Inc., Cargill, Lesaffre, Angel Yeast Co. Ltd., and Lallemand Inc. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their feed yeast. Multiple manufacturing facilities of players are still in operation.
Opportunity: Innovations in the animal feed industry
Technological innovations in the animal feed sector had created significant opportunities for the manufacturers to come up with new products in the animal nutrition and feed additives segments. For instance, Canadian Bio-Systems Inc (Canada) launched a new category of feed technology with broad advantages for the livestock industry. This technology, which is a yeast-based innovation, was developed for the use of yeast as a feed additive in the diets of swine, ruminants, and poultry. This is one of the best replacements for antibiotic use to improve animal health and performance. As the use of antibiotics is banned in the animal feed sector, such yeast-based bioactive technology can serve as a suitable alternative for livestock producers in the coming years. As a bio-based feed ingredient, yeast can be mixed with the feed and can be fed at farm sites. Apart from the above-stated innovation, various other innovations are patented in terms of feed yeast; these include developments for the production of multifunctional probiotics that include Bacillus and Saccharomyces yeast strains, which can provide combined essential benefits of these multiple strains. The innovation is said to improve antibacterial properties as well as increase enzyme activity in the final feed products.
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With the introduction of stringent regulations, Europe is estimated to be the second largest market during the forecast period.
The feed yeast market in Europe is driven by the introduction of stringent regulations pertaining to the use of antibiotics in feed. Increasing awareness about the benefits of feed yeast is projected to contribute to the market growth. The high demand for quality and nutrient-rich feed in the European countries has led to the high demand for feed yeast among farmers. Moreover, the European legislators are also concerned about food and animal safety and thus have implemented many safety laws for the same. With high concerns related to animal health, the EU government has put a ban on the use of antibiotic growth promoters in feed due to its negative impact on animal health as well as on the health of human consumers. For the replacement of those antibiotics, naturally-sourced feed ingredients that have antibiotic properties such as feed yeast were developed by manufacturers.
This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of feed yeast manufacturers such as Associated British Foods PLC. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US), Cargill (US), Lesaffre (France), Angel Yeast Co. Ltd. (China), and Lallemand Inc. (Canada)
