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Feed Yeast Market Size, Share & Trends Analysis - Global Opportunity Analysis and Industry Forecast 2030

Feed Yeast Market Size, Share & Trends Analysis - Global...

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Feed Yeast Market Size, Share & Trends Analysis - Global Opportunity Analysis and Industry Forecast 2030
Feed Yeast Market Size, Share...
Report Code
RO13/107/2068

Publish Date
28/Jun/2022

Pages
210
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The global feed yeast market size was US$ 6.9 billion in 2021. The global feed yeast market is forecast to grow to US$ 15.1 billion in 2030 by registering a compound annual growth rate (CAGR) of 11.9% during the forecast period from 2022 to 2030. 
Yeast is a single-celled fungus. Saccharomyces Cerevisiae is the name of the yeast used in food. Because ruminants are the most developed market for the use of live yeast, feed yeast is generally used in them.

Factors Influencing the Market
Growing fish farming practices globally will drive the demand for the feed yeast market during the forecast period. In addition, growing fish consumption in regions such as Europe and South America will increase the demand for fish farming. As a result, it will benefit the feed yeast market during the forecast period. 
Many countries around the world, particularly in North America and Europe, have made food safety a top priority. As a result, it is raising awareness related to animal nutrition. In addition to that, the growing use of poultry feed will offer lucrative growth opportunities for the feed yeast market during the study period.

Regional Analysis
The Asia-Pacific feed yeast market is forecast to record the highest growth, owing to the increasing demand for meat and meat products. In addition, the growing focus of farmers on offering optimum nutrition to farm animals will contribute to the growth of the feed yeast market during the analysis period. 
The growing use of feed additives such as yeast for improving the productivity of animals will also contribute to market growth. Moreover, China records the highest production of feed yeast, which will escalate the growth of the overall regional market. 
Because of the vast manufacturing base and rising use in young animal diets, China's Ministry of Agriculture has reclassified feed yeast as a feedstuff rather than a feed additive. The market for feed yeast in the Asia-Pacific region will also witness ample growth opportunities due to the rising R&D expenditure by firms and governments.

COVID-19 Impact Analysis
The COVID-19 pandemic has affected the global feed yeast market as the the consumer demands changed significantly. The demand for meat products reduced because people became more health-conscious. It also affected the business operations due to a shortage of laborers and raw materials. As a result of this, the global feed yeast market recorded a tremendous decline in terms of revenue.

Competitors in the Market
• Archer Daniels Midland Company
• Angel yeast Co., Ltd.
• Lallemand Inc.
• Lesaffre
• Leiber GmbH
• Associated British Foods PLC
• Nutreco N.V.
• Cargill, Incorporated
• Alltech
• Diamond V
• Other Prominent Players

Market Segmentation
The global feed yeast market segmentation focuses on Type, Livestock, Genus, and Region. 
By Type:
• Probiotic yeast
• Brewer’s yeast
• Specialty yeast
• Yeast derivatives
By Livestock:
• Ruminants
• Poultry
• Swine
• Aquatic animals
• Pets
• Equine
By Genus:
• Saccharomyces spp.
• Kluyveromyces spp.
• Others
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
 

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