Europe Inactive Dry Yeast Market size for Animal Feed Application to exceed $80Mn by 2026
Published Date: December 1, 2020 Authors: Kunal Ahuja, Harneet Mehar
Europe Inactive Dry Yeast Market size for Animal Feed Application is set to surpass USD 80 Million by 2026, according to a new research report by Global Market Insights, Inc.
The increasing urbanization accelerating migration, lives expectancy, and growing population has resulted in a rise in demand for quality animal-derived food products including meat, milk, and eggs, which is likely to favor livestock production. According to FAO, there will be 60% increase in demand for high-quality protein food worldwide. Europe has the second-largest livestock industry, which accounts for the 40% of its total agricultural production and was valued at over USD 199.6 billion in 2019. Improved sustainability and environmental performance by optimizing farming operations to increase productivity will favor industry growth.
Growing cattle farming industry in the region will have a positive influence on market advancement
Europe inactive dry yeast market for animal feed application from cattle exceeded USD 10.4 Million in 2019, growing at over 5.5% CAGR through 2026. Increasing demand for beef and dairy products (mainly cheese) in Europe should drive the industry outlook. Furthermore, growing export demand for dairy products across the globe will support the European market growth. Inactive dry yeast is used as feed additive to calves and cattle a protein supplement and to improve milk productivity. The usage of inactive dry yeast in animal feeds show benefits in digestion, immune system and overall performance. Thus, growing dairy product and beef demand should augment the growth of Europe inactive dry yeast industry for animal feed application.
Browse key industry insights spread across 230 pages with 219 market data tables and 30 figures & charts from the report, “Europe Inactive Dry Yeast Market for Animal Feed Application By Application (Poultry [Broiler, Layer, Turkey], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trout’s, Shrimps, Carp], Pet Food, Equine), Country Outlook (Germany, UK, France, Italy, Russia, Poland, Spain, Hungary, Netherlands, Belgium, Sweden)” in detail along with the table of contents:
“European market from aquaculture is anticipated to register over 3.5% CAGR from 2020 to 2026.”
Beneficial characteristics offered by the product on utilization in aquaculture will stimulate industry expansion
Europe inactive dry yeast market for animal feed application from aquaculture is expected to exceed USD 2 million by 2026. Inactive dry yeasts are widely used as feed additives for enhancing growth performance and feed efficiency in aquaculture animals. Inactive dry yeast can be used as a supplement to improve growth performance, disease resistance, and gut microbiota in fish. Thus, with the rapid growth of expansion of aquaculture and increasing investment on research and development as for use of yeast as probiotics in aquaculture systems will drive the European market trends.
“Europe inactive dry yeast market for animal feed application from Belgium is forecast to register over 4.5% CAGR through 2026”
Rising prevalence of livestock related disease in the country should foster market expansion
Europe inactive dry yeast industry for animal feed application from Belgium is expected to exceed USD 2 million by 2026. Belgium market is anticipated to have strong growth outlook during the forecast period primarily driven by increasing poultry production in the country. Furthermore, growing consumer demand towards safe and healthy meat, milk and egg products is driving the demand for feed additives. Recent incidences of disease outbreaks including African swine fever affecting swine industry demands for safer and healthy production process, which should create demand for immune boosting products such as inactive dry yeast. Emphasis on increasing meat production and enhancing milk yield should propel the Belgium industry statistics.
Key manufacturers in Europe inactive dry yeast market for animal feed application includes Leiber Germany, Alltech Belgium/ Ireland, ADM, Sensient and Angel Yeast. Companies are funding into latest product releases to enhance product portfolios. In November 2018, Phileo Lesaffre launched its new version of yeast probiotics for animal feed named by ActiSaf Sc 47 HR+, which is made from live Saccharomyces cerevisiae.