Yeast Market Size for Animal Feed Application to exceed $2bn 2026
Published Date: April 17, 2020 Authors: Kunal Ahuja, Sonal Singh
Yeast Market Size for Animal Feed Application is set to surpass USD 2 Billion by 2026, according to a new research report by Global Market Insights, Inc.
Immense application scope in animal feed industry may boost yeast industry for animal feed application. Yeast incorporated animal feed are natural and rich source of proteins, minerals, amino acids and nucleotides. These are beneficial to stimulate rumen’s metabolism, improve digestibility & feed absorption. It also mitigates risks due to acidosis, higher milk yield, more persistent lactation and better growth should accelerate product demand.
Shifting consumer preferences towards fish-based products owing to superior nutritional benefits including protein, vitamins and minerals along with presence of unique fats like omega-3 fatty acids DHA & EPA should promote aquaculture industry growth. Rising aquaculture sector will foster the requirement for yeast for animal feed application. However, spread of diseases including COVID-19 has a negative impact on manufacturing sectors which may hinder industry growth.
Growing demand of hydrolyzed yeast will foster industry profitability
Hydrolyzed yeast market for animal feed application exceeded 126.92 kilo tons in 2019 and is expected to register over 6% CAGR through 2026. Hydrolyzed yeast is obtained from alkaline, hydrolysis, or acidic of proteins, peptides, and amino acids. It is further processed to remove impurities such as lipids and carbohydrates. Rising awareness regarding nutritive benefits of yeast extracts in animal feed will stimulate industry growth.
The product imparts savory flavor in the animal feed referring to beef, chicken, and fish which leads to high palatability, thereby promoting hydrolyzed yeast extract demand. Rising awareness for manufacturing healthy and safe meat products in order to prevent spread of diseases will foster industry growth. Increase in demand for high-quality animal nutrition products will fuel market growth.
Browse key industry insights spread across 320 pages with 459 market data tables and 37 figures & charts from the report, “Yeast Market For Animal Feed Application 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, Trouts, Shrimps, Carp], Pet Food, Equine), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Rising milk consumption will foster cattle segment of the industry
“According to market analysis and trends, yeast market for animal feed application from cattle is expected to register more than 5.5% CAGR from 2020 to 2026.”
Yeast market for cattle feed application exceeded 169.57 Kilo Tons in 2019. Cattle are raised as livestock for milk, meat, and hides. Yeast is added to cattle feed in order to boost digestion and decrease health risks. It helps in improving fiber digestion and nitrogen yield. It also helps in the reduction of disease risk. Yeast market for dairy feed application was over 85 Kilo Tons in 2019. The rising milk demand globally has led to increased focus on cattle health, which will have a positive impact on industry growth.
“As per industry forecasts, Asia Pacific yeast market for animal feed application is set to exceed USD 910 Million by 2026 due to rising needs for maintaining animal health”
Indian market surpassed 35 Kilo Tons in 2019. Yeast helps in promoting good gut health in animals. Rising threat of spread of bird and swine flu will foster the demand of good quality animal nutrition products thus driving industry growth. Supportive government initiatives including Rashtriya Gokul Mission (RGM) focusing on the development and conservation of Indian cattle breeds such as Gir, Sahiwal, and Red Sindhi will foster yeast market for animal feed application growth.
Key product manufacturers in yeast market for animal feed application are Lessafre group, ADM, Trouw Nutrition, Angel Yeast, Lallemand, Enzym Company, Alltech Inc, Novus International, and Kemin Industries.
Manufacturers are engaged in several strategical initiatives including partnerships, innovations, acquisitions & mergers, and capacity expansions to improve market share. For example, In March 2017, Kemin industries acquired Algal scientific’s beta glucan technology. This may help the company to expand its production capabilities. In November 2018, Lesaffre launched new version of yeast probiotic named Actisaf Sc 47 HR+. This will help the company to expand its product portfolio.