Feed Yeast Market to Witness Unprecedented Growth in Coming Years
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...
Feed Yeast Market to Witness Unprecedented Growth in Coming Years
The feed yeast market is estimated to account for USD 1.7 billion in 2018 and is projected to reach USD 2.1 billion by 2023, at a CAGR of 5.27% during the forecast period. The market is primarily driven by the increasing awareness on health concerns related to the use of antibiotics in feed and preference for yeast-based feed products due to its high nutritional value. In addition, with the ban on...
Increasing Awareness About Animal Health and Feed Quality Drives the Feed Yeast Market
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.
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