Animal Feed Yeast Market size is anticipated to exceed USD 3.5 billion in revenue by 2032, as per a new research report announced by Global Market Insights Inc.
Expanding poultry sector in the Middle East & Africa and a significant rise in meat consumption in the region as the chief drivers of the yeast industry for animal feed application. Moreover, the European countries are also contributing positively to the market growth due to a steady per capita meat consumption and cultural factors that are fueling meat intake. The annual meat consumption in Europe was recorded at over 38 million tons in 2022, which is an indicator of a healthy growth potential in the region for product penetration.
Health benefits for young animals to increase hydrolyzed yeast industry share
With respect to product, the study classifies the Animal Feed Yeast Market into autolyzed yeast, dried inactive yeast, hydrolyzed yeast, active dry yeast, live yeast, yeast culture, and yeast beta-glucan. The global hydrolyzed yeast market size for animal feed application is set to cross USD 600 million in revenue by 2032. Hydrolyzed yeast helps maintain the health of young animals, contains highly digestible protein content as well as a rich amino acid profile, and strengthens immunity. These factors are impelling the demand for hydrolyzed yeast additives for animal feed application.
Growing concerns over animal health to augment aquaculture segment expansion
Deployment of yeast-based feed derivatives for fulfilling the nutritional requirements of fish and other aquatic animals is foreseen to remain high in the upcoming period. The aquaculture application segment valuation was recorded at more than USD 73.5 million in 2022 and is anticipated to grow at over 6.5% CAGR between 2023 and 2032. Aquaculture farmers are extensively adopting yeast-based aquafeed products due to the increasing concerns associated with the spread of pathogens, thereby pushing product adoption. The segment growth is projected to be further driven by the significant rise in awareness regarding the role of probiotic feed ingredients in increasing immunity among fish.
Browse key industry insights spread across 345 pages with 490 market data tables and 34 figures & charts from the report “Animal Feed Yeast Market Size, By Product (Autolyzed Yeast, Hydrolyzed Yeast, Dried Inactive Yeast, Yeast Culture, Live Yeast, Yeast Beta-Glucan, Active Dry Yeast), 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”, in detail along with the table of contents:
Prevalent industrialization of animal farming to favor European industry statistics
Europe Animal Feed Yeast Market is primed to reach a valuation of more than USD 1 billion by 2032. The region may emerge as a major hub for this industry owing to the growing prominence of industrialized animal farming. Additionally, the presence of notable export opportunities for animal products, along with exponential consumption of meat in developed nations, are fostering the progress of the regional yeast industry for animal feed application.
Strategic mergers & acquisitions to remain a vital growth strategy
Competitive landscape of the Animal Feed Yeast Market is estimated to witness a series of mergers & acquisitions and the expansion of production facilities by industry players. For instance, in July 2022, Wilbur Ellis, a producer of agricultural ingredients, announced the acquisition of Fl Emmert, a U.S.-based manufacturer & distributor of pet & livestock nutrition products, to broaden its product offerings in the pet food sector. Some key players profiled in the report include Lesaffre Group, Angel Yeast, Archer Daniel Midland Company, Trouw Nutrition, Alltech Inc, Biorigin, Novus International Inc., and Lallemand.
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