Animal Feed Yeast Market Size, By Product (Autolyzed Yeast, Hydrolyzed Yeast, Dried Inactive Yeast, Yeast Culture, Live Yeast, Yeast Beta-Glucan, Active Dry Yeast), By Application (Poultry [Broiler, Layer, Turkey], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trout, Shrimps, Carp], Pet Food, Equine), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Industry Overview

Animal Feed Yeast Market size was recorded at more than USD 1.5 billion in 2022. Driven by the growing consumption of meat across the world, the industry is expected to grow at a 7% CAGR from 2023 to 2032.
 

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Prominent R&D projects planned to improve the benefits of yeast in animal feed are offering enormous expansion opportunities for market players, thereby fostering the business outlook. For instance, in October 2022, MicroBioGen, a yeast-based innovator, announced the opening of its new lab, the Macquarie Park Lab facility in Sydney. The newly opened facility includes fermentation labs, genetics labs, and a large production hall, which are equipped with advanced technology, including sophisticated robots, freezers, and high-performance liquid chromatography.
 

Furthermore, mandatory government norms aimed at maintaining animal feed quality are projected to drive the growth of the animal feed yeast market, especially in North America. These regulatory guidelines that address the increasing consumer concerns regarding the safety of animal products, coupled with the outbreaks of infectious livestock diseases, are estimated to fuel product adoption. To cite an instance, in 2022, as per the American Feed Industry Association (AFIA), there are over 5,800 animal feed processing facilities in the U.S., which is indicative of the massive growth potential for yeast ingredient manufacturers.
 

Accessibility to substitutes may restrain industry progression

The availability of feed alternatives is a major factor restraining the expansion of the yeast industry for animal feed application. Substitute feed sources such as soybean, insects, and others are widely utilized in varied industry verticals, which is hampering product penetration. Nonetheless, the soaring focus of industry players on reinforcing the supply chain, along with snowballing consumer awareness regarding the benefits of yeast feed ingredients, is set to aid manufacturers in overcoming this issue.
 

High immunity in broiler chickens to push autolyzed yeast segment demand

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In terms of product, the animal feed yeast market is categorized into autolyzed yeast, dried inactive yeast, hydrolyzed yeast, active dry yeast, live yeast, yeast culture, and yeast beta-glucan. As per the report, the autolyzed yeast segment was valued at over USD 500 million in 2022 and is slated to register sizable gains through 2032 driven by its high effectiveness and nutrient content that is beneficial for the growth and immunity of broiler chickens. In addition, mounting efforts of livestock farmers to improve the palatability of animal feed are foreseen to stimulate segment expansion.
 

Superior growth performance in poultry animals to define the industry landscape

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In terms of application, the animal feed yeast market is segregated into pet food, poultry, cattle, swine, aquaculture, equine, and others. The yeast market size from the poultry feed application segment is projected to reach a valuation of more than USD 1.7 billion by 2032. The substantial health benefits of poultry as compared to red meats are encouraging poultry farmers to enhance the growth rates of poultry birds. Yeast increases the growth rate & appetite of broiler chickens, boosting the profitability of poultry farms, which is likely to further bolster segment revenues.
 

Rising health consciousness to aid North America emerge as a prominent revenue pocket

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Regionally, the global Animal Feed Yeast Market is segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and LATAM. The North America market accounted for over USD 375 million in revenue in 2022 and is expected to register more than 6.5% gains between 2023 and 2032, the report claims. The rise in consumer preference for convenient, low-cost, and healthy protein sources due to surging health consciousness is prompting livestock farmers in North America to adopt yeast for animal feed products.
 

Strategic acquisitions to favor the animal feed yeast market outlook

Lesaffre Group, Angel Yeast, Archer Daniel Midland Company, Trouw Nutrition, Alltech Inc, Biorigin, Novus International Inc., and Lallemand are some key players in the animal feed yeast market. These companies are majorly expanding their production capacity and adopting strategies including acquisitions and partnerships to strengthen their market position. For instance, in August 2021, Angel Yeast, a yeast & extracts manufacturer, announced the takeover of Bio Sunkeen, a supplier of yeast-based feed in China. This move was intended to help Angel Yeast enhance its production capacity and its competitive advantage.
 

Impact of COVID-19 on the yeast market trends for animal feed application

Animal Feed Yeast Market witnessed a positive shift in consumer preference for yeast additives during the COVID-19 pandemic due to the increased animal health consciousness and fear of contracting coronavirus through animal-based feed products. Additionally, government authorities supporting yeast production and deployment for animal feed have bolstered market trends. Citing an instance, in June 2020, AFIA introduced a system to grant U.S.-based feed manufacturers Current Good Manufacturing Practice (CGMP) certificates to support the efficient export of animal products.
 

Animal Feed Yeast Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2018 to 2032 for the following segments:

By Product

• Autolyzed Yeast
• Hydrolysed Yeast
• Dried Inactive Yeast
• Yeast Culture
• Live Yeast
• Yeast Beta-Glucan
• Active Dry Yeast

By Application

• Poultry
  • Broiler
  • Layer
  • Turkey
•  Swine
  • Starter
  • Grower
  • Sow
• Cattle
  • Dairy
  • Calf
•  Aquaculture
  • Salmon
  • Trouts
  • Shrimps
  • Carp
• Pet Food
• Equine
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Poland
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Malaysia
  • Thailand
  • Bangladesh
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa