|
Forecast
Period
|
2025-2029
|
|
Market
Size (2023)
|
USD
2.13 Billion
|
|
CAGR
(2024-2029)
|
5.66%
|
|
Fastest
Growing Segment
|
Yeast
Derivatives
|
|
Largest
Market
|
Europe
|
|
Market
Size (2029)
|
USD
2.93 Billion
|
Market Overview
Global Feed Yeast Market was valued at USD 2.13 Billion in 2023 and is
anticipated to project steady growth in the forecast period with a CAGR of 5.66% through 2029. The Feed Yeast Market refers to
the industry involved in the production and distribution of yeast as a feed
additive for livestock. Feed yeast is rich in proteins, vitamins, and minerals,
making it a highly nutritious supplement for animals. It plays a significant
role in enhancing feed digestibility, improving animal health, and boosting
growth performance. The market includes a range of products, such as live
yeast, spent yeast, and yeast derivatives, supplied to various sectors of the
livestock industry, including poultry, swine, ruminants, and aquaculture.
Key Market Drivers
Growing Demand in Natural & Organic Animal Feed
The global demand for feed yeast is experiencing a
notable upswing, propelled by the growing preference for natural and organic
animal feed across the agriculture and livestock industries. As consumers
increasingly prioritize sustainability and health, there is a corresponding
surge in demand for feed additives derived from natural sources. Feed yeast,
being a rich source of essential nutrients, including proteins, vitamins, and
minerals, aligns seamlessly with the trend toward natural and organic animal
nutrition.
Livestock producers and feed manufacturers are recognizing
the value of incorporating feed yeast into animal diets as a sustainable
alternative to synthetic additives. Feed yeast contributes not only to improved
animal growth and performance but also to the overall well-being of livestock
and poultry. This shift in demand is particularly pronounced as the industry
seeks to reduce reliance on synthetic additives and embrace more eco-friendly
and transparent agricultural practices.
The global market response reflects a strategic
shift towards natural and organic solutions in animal feed, where feed yeast
plays a pivotal role in meeting the evolving preferences of both producers and
consumers. As sustainability becomes a focal point in the agriculture sector,
the demand for feed yeast is set to remain robust, underscoring its integral
position in promoting the health and productivity of livestock and poultry
while aligning with the broader goals of environmentally conscious and
health-conscious animal farming practices worldwide.
Rise Of Industrial Livestock Farming
The global demand for feed yeast is experiencing a
notable surge, driven by the rise of industrial livestock farming practices
worldwide. As the scale and intensity of livestock production increase to meet
the growing demand for meat and dairy products, there is a corresponding need
for efficient and nutritionally optimized animal feed. Feed yeast, with its
rich content of proteins, vitamins, and minerals, emerges as a valuable
additive to enhance the nutritional profile of feed in large-scale industrial
farming operations.
Industrial livestock farming, characterized by
high-density animal populations and optimized production processes, places a
premium on feed efficiency and animal performance. Feed yeast has gained
prominence as a feed ingredient due to its capacity to support digestive
health, improve nutrient utilization, and enhance overall growth rates in
livestock and poultry. The demand for feed yeast in the context of industrial
farming reflects a strategic approach to meeting the nutritional requirements
of large animal populations efficiently.
As industrial livestock farming continues to expand
globally to meet the demands of a growing population, the demand for feed yeast
is set to remain robust. The incorporation of feed yeast into feed formulations
aligns with the industry's focus on maximizing productivity while maintaining
the health and well-being of animals. This trend underscores the pivotal role
that feed yeast plays in supporting the sustainability and efficiency of
industrial livestock farming practices on a global scale.
Increasing Popularity of Probiotics in Animal
Nutrition
The global demand for feed yeast is experiencing a
significant upswing, propelled by the increasing popularity of probiotics in
animal nutrition. Probiotics, known for their positive impact on gut health and
overall well-being, have garnered widespread recognition across the agriculture
and livestock industries. As the emphasis on sustainable and science-backed
animal nutrition grows, feed yeast is gaining prominence as a valuable source
of natural probiotics.
Livestock producers and feed manufacturers are
increasingly incorporating feed yeast into animal diets to harness its
probiotic properties. Feed yeast supports the balance of the gut microbiota,
promoting digestive health and improving nutrient absorption in animals. The
surge in demand for feed yeast is particularly notable as probiotics gain
traction as essential components of animal nutrition plans aimed at enhancing
performance, immune function, and overall health. The global market response
reflects a strategic shift toward natural and holistic approaches in animal
nutrition, where the synergistic benefits of probiotics in feed yeast align
with the industry's evolving preferences. The popularity of probiotics in
animal nutrition signifies a commitment to responsible farming practices and
the well-being of livestock and poultry. As the demand for probiotics continues
to grow, feed yeast is poised to remain a key player in meeting the rising expectations
for sustainable and health-conscious animal nutrition on a global scale.
Advances
In Yeast Production Technologies
The global demand for feed yeast is experiencing a
notable upsurge, driven by significant advances in yeast production technologies
across the agriculture and livestock industries. The ongoing innovation in
fermentation processes and biotechnological techniques has revolutionized the
efficiency and scalability of yeast production. As a result, feed yeast, which
serves as a valuable source of proteins, vitamins, and minerals, is gaining
increased attention and utilization in animal nutrition.
The advancements in yeast production technologies
have enabled the industry to meet the growing demand for high-quality and
sustainable feed ingredients. Novel approaches, such as precision fermentation
and enhanced cultivation methods, have increased the yield and consistency of
feed yeast, making it an attractive choice for livestock producers and feed
manufacturers. The improved production efficiency also contributes to
cost-effectiveness, enhancing the economic viability of incorporating feed
yeast into animal diets.
The global market response underscores the pivotal
role played by technological advancements in boosting the demand for feed yeast.
Stakeholders recognize that the continuous evolution of yeast production
methods aligns with the industry's goals of enhancing animal health,
performance, and overall sustainability. As these technologies continue to
progress, the demand for feed yeast is poised to remain robust, reflecting the
industry's commitment to leveraging cutting-edge solutions for optimal animal
nutrition on a global scale.
Download Free Sample Report
Key Market Challenges
Volatility in Raw Material Prices
The global demand for feed yeast is facing a
notable decrease, primarily attributed to the volatility in raw material prices
within the agriculture and livestock industries. Fluctuations in the costs of
key raw materials used in the production of feed yeast, such as grains and
sugars, introduce uncertainties and challenges for both feed manufacturers and
livestock producers. The unpredictability in raw material prices disrupts
supply chains, making it difficult for industry stakeholders to plan and budget
effectively, thereby impacting their willingness to invest in feed yeast.
The volatility in raw material prices directly
affects the economic viability of feed yeast production, leading to potential
increases in overall production costs. This, in turn, influences the pricing of
feed yeast-based products, making them less competitive in the market.
Livestock producers, facing uncertainties in feed costs, may explore
alternative, more cost-stable options, contributing to a decline in the demand
for feed yeast. The global market response reflects the industry's sensitivity
to fluctuations in raw material prices, with stakeholders becoming cautious in
their investment decisions. To mitigate the impact of volatility, industry
participants are likely to seek more stable alternatives or adopt risk
management strategies. As the feed industry navigates these challenges,
stabilizing raw material prices will be crucial to restoring confidence and
reinvigorating the demand for feed yeast on a global scale.
High Production Costs
The global demand for feed yeast is experiencing a
decline primarily due to high production costs within the agriculture and
livestock industries. The process of producing feed yeast involves various
intricate steps, including fermentation, processing, and quality control, all
of which contribute to the overall production expenses. Factors such as energy
costs, raw material procurement, and labor expenses significantly impact the
cost structure, making feed yeast products relatively expensive.
The high production costs have a direct bearing on
the pricing of feed yeast-based products, making them less competitive in the
market. Livestock producers and feed manufacturers, facing budget constraints
and seeking cost-effective alternatives, may opt for more economical feed
options, contributing to the decrease in demand for feed yeast. High production costs may limit the accessibility of feed yeast to certain
market segments, particularly in regions with smaller profit margins.
The global market response reflects the industry's
concern about the economic feasibility of incorporating feed yeast into animal
diets. Stakeholders are compelled to assess the cost-effectiveness of their
feeding strategies, potentially exploring alternative solutions with lower
production expenses. Addressing the challenge of high production costs will be
pivotal in revitalizing the demand for feed yeast on a global scale and
ensuring its continued role as a valuable component in enhancing animal
nutrition.
Key Market Trends
Increasing
Prevalence of Animal Diseases
The global demand for feed yeast is witnessing a
notable surge, driven by the increasing prevalence of animal diseases within
the agriculture and livestock sectors. As the frequency and impact of diseases
affecting livestock and poultry rise, there is a growing realization that
nutritional strategies, including the incorporation of feed yeast, play a
pivotal role in supporting animal health and resilience. Feed yeast is gaining
prominence due to its rich content of bioavailable nutrients, including
proteins, nucleotides, and B-vitamins, which contribute to bolstering the
immune system and aiding in the recovery of animals facing health challenges.
Livestock producers and feed manufacturers are
recognizing the importance of proactive nutritional interventions to mitigate
the impact of diseases on animal populations. The demand for feed yeast is
particularly pronounced as a strategic response to combatting disease-related
stress and optimizing the overall health of livestock and poultry. The
nutritional profile of feed yeast not only addresses the immediate needs of
animals facing health challenges but also serves as a preventive measure to
enhance the robustness of the immune system.
The global market response reflects the industry's
acknowledgment that the prevalence of animal diseases necessitates a
multifaceted approach, with nutritional interventions playing a crucial role.
As the agriculture and livestock sectors confront evolving disease landscapes,
the demand for feed yeast is set to remain robust, marking a transformative era
where advanced nutritional strategies are integral to safeguarding the health
and well-being of animals on a global scale.
Extensive R&D Activities in The Feed Industry
The global demand for feed yeast is experiencing a
substantial upswing, propelled by extensive research and development (R&D)
activities within the feed industry. As stakeholders in the agriculture and
livestock sectors increasingly recognize the pivotal role of nutrition in
animal health and performance, R&D initiatives have been instrumental in
uncovering the benefits of feed yeast as a valuable feed ingredient. Rigorous
scientific studies and trials have demonstrated the positive impact of feed
yeast on animal growth, gut health, and overall productivity.
Advancements in R&D activities have not only
elucidated the nutritional benefits of feed yeast but have also contributed to
refining production processes, ensuring consistent quality, and expanding the
range of applications. The continuous innovation driven by R&D efforts has
enhanced the understanding of the complex interactions between yeast-derived
components and animal physiology, leading to the development of tailored feed
formulations that optimize nutrient utilization.
The global market response underscores the crucial
role of R&D in driving the demand for feed yeast. Stakeholders are
increasingly incorporating the outcomes of cutting-edge research into their
feeding strategies, realizing the potential of feed yeast to address challenges
and improve overall animal well-being. As the feed industry continues to
prioritize scientific advancements, the demand for feed yeast is set to remain
robust, marking a transformative era where extensive R&D activities contribute
to the evolution and sustainability of global animal nutrition practices.
Segmental Insights
Type Insights
Based on Type, Yeast Derivatives have emerged as the fastest growing segment in the Global Feed Yeast Market in 2023. This segment's growth can be attributed to its
wide application and beneficial characteristics. Yeast derivatives not only
enhance animal intestinal health, but they also play a crucial role in boosting
the immune system and improving feed efficiency. By promoting a healthy gut
environment, these derivatives contribute to overall animal well-being and
productivity. The growing emphasis on animal health and the rising demand for
high-quality animal products are further expected to propel the growth of the
yeast derivatives segment in the feed yeast market. As consumers become
increasingly conscious about the safety and nutritional value of animal
products, the demand for feed additives that enhance animal health and
performance is on the rise. Yeast derivatives, with their proven benefits and
versatility, are well-positioned to cater to this growing demand.
Form Insights
Based on Form, Powder have emerged as the dominating segment in the Global Feed Yeast Market in 2023. Its
popularity stems from a myriad of factors, including its unparalleled ease of
use, exceptional effectiveness in delivering essential nutrition, and unmatched
convenience in terms of storage and transportation. The powdered form's
remarkable versatility enables it to seamlessly integrate into a wide array of
animal feeds, catering to the diverse dietary needs of livestock. This
adaptability has made it the preferred choice not only among numerous livestock
farmers but also among esteemed feed manufacturers who prioritize quality and
efficiency in their production processes. With its proven track record and
unparalleled benefits, the powder form of feed yeast continues to solidify its
position as the go-to option for enhancing animal nutrition and optimizing feed
performance.
Download Free Sample Report
Regional Insights
Based on Region, Europe have emerged as the dominating region in the
Global Feed Yeast Market in 2023. This can be attributed to a combination of factors
that contribute to its success. Favorable government policies have
been put in place, encouraging the use of natural growth promoters in animal
nutrition. This not only ensures the well-being of the animals but also
promotes sustainable and environmentally-friendly practices. there
has been an increasing awareness about animal health, leading to a higher
demand for quality animal products. Consumers are now more conscious about the
source and quality of the animal products they consume, and this has further
boosted the demand for feed yeast in the market. The presence of key market players in
the European region has played a significant role in the growth of the Feed
Yeast Market. These players bring expertise, innovation, and advanced
technologies to the market, driving the overall development and expansion of the
industry. With all these factors combined, the European region continues to
thrive as the dominant force in the Global Feed Yeast Market, setting the pace
for the rest of the world to follow.
Recent Development
- In February 2024, Blonk Consultants, in partnership with international experts in agri-food product life cycle assessment (LCA), and Phileo by Lesaffre, conducted a premier LCA of a dairy farm. This included a thorough review by industry specialists. The findings revealed a notable reduction in the carbon footprint (CO2 equivalent per kg of FPCM) by up to 5% during the supplementation period.
Key Market Players
- Alltech, Inc.
- Archer Daniels Midland Co.
- Associated British Foods plc
- Cargill Inc.
- DSM Nutritional Products AG
- Innov Ad NV/SA
- Kemin Industries, Inc.
- Lallemand Inc.
- Novus International, Inc.
- Phibro Animal Health Corporation
|
By Type
|
By Form
|
By Livestock
|
By Region
|
|
- Live Yeast
- Spent Yeast
- Yeast Derivatives
- Others
|
|
- Ruminants
- Poultry
- Swine
- Others
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
|
|
|
|
|
|
|
Report Scope:
In this report, the Global Feed Yeast Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Feed Yeast Market, By Type:
o Live Yeast
o Spent Yeast
o Yeast Derivatives
o Others
- Feed Yeast Market, By Form:
o Powder
o Liquids
o Others
- Feed Yeast Market, By Livestock:
o Ruminants
o Poultry
o Swine
o Others
- Feed Yeast Market, By
Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the Global Feed Yeast Market.
Available Customizations:
Global Feed Yeast Market report with the
given market data, TechSci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Global Feed Yeast Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]