The global for feed yeast market had a total worth of $3.0 billion in the year 2022 and is projected to increase to $5.52 billion by 2032, with a compound annual growth rate (CAGR) of 7% expected during the forecast period. The growth in the demand for animal protein, enhanced awareness of animal health and nutrition, and increased disposable income in emerging economies are the primary factors propelling the expansion of market revenue.
Feed yeast naturally contains essential nutrients such as protein, fiber, and other vital elements crucial for the growth and development of animals. This natural source of nutrients is gaining popularity as a cost-effective and environmentally friendly alternative to synthetic chemicals, especially in response to the rising demand for animal protein, particularly in the meat and dairy sectors. Furthermore, the consumption of feed yeast has been shown to bolster animals' immune systems, reduce their susceptibility to diseases, and enhance their gastrointestinal health, which is contributing to a heightened demand for this product.
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Top Companies Operating in the Global Feed Yeast Market Report:
- Associated British Foods plc
- Archer Daniels Midland Company
- Cargill, Inc.
- Lesaffre Group
- Alltech, Inc.
- Angel Yeast Co., Ltd.
- Diamond V Mills, Inc.
- Lallemand Inc.
- Nutreco N.V.
- Hansen Holding A/S
Feed Yeast Market Growth
- Increasing Demand for Animal Protein: The growing global population and rising middle-class incomes have led to an increased demand for animal protein, including meat, milk, and eggs. This has driven the demand for livestock and poultry, which, in turn, boosts the need for feed yeast as a nutritional supplement for animals.
- Health and Nutrition Trends: Consumers are becoming more health-conscious and seeking products from animals that are raised in a more natural and healthy manner. Yeast-based additives are used to improve the health and overall well-being of livestock, leading to healthier animal products.
- Reduction in Antibiotic Use: There is a global push to reduce the use of antibiotics in animal feed due to concerns about antibiotic resistance. Yeast-based feed additives are used as alternatives to antibiotics to promote animal health and growth.
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Feed Yeast Market Segmentation:
Product Type Outlook:
- Active Dry Yeast
- Spent Yeast
- Others
Livestock Outlook:
- Poultry
- Swine
- Cattle
- Aquatic Animals
- Others
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