Animal Feed Yeast Market Size

Animal Feed Yeast Market Size

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.

To get key market trends

  Download Free Sample

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.