Feed Yeast Market size to garner significant returns by 2027
Market
Synopsis:
According to Market Research Future
(MRFR)’s latest report, the global feed yeast market is poised to expand
significantly during the forecast period 2017 to 2023. Yeast enhances the
performance of feed by facilitating the secretion of vital digestive enzymes
and immune stimulation. Additionally, feed yeast holds anti-microbial,
anti-bacterial, antiviral, and antioxidant properties which are likely to drive the growth of the market in
the forthcoming years.
Feed yeast is gaining traction in the
market as it serves as a natural promoter of growth. It has emerged as an
effective alternative to the antibiotics used in the poultry production. This, in turn, is projected to catapult the
feed yeast market on an upward trajectory.
The increasing concerns among people
regarding health coupled with rising
awareness about the benefits of yeast in livestock feed are driving the growth of the feed yeast market globally. The trend
is prognosticated to perpetuate in the upcoming years. Additionally, an upsurge
in demand for clean sources of protein in meat has been forecasted. The thriving meat industry is expected to have a
favorable impact on the expansion of the feed
yeast market over the next couple of years.
Market
Segmentation:
By type, the feed yeast market has been
segmented into live yeast, spent yeast, and others. Among these, the live yeast
segment is currently dominating the global market and is likely to retain its
prominence over the next few years.
By form, the global feed yeast market has been segmented into dry, liquid, and others.
The dry segment is likely to hold a major
share of the market owing to higher stability, ease of handling, and storage.
By livestock, the feed yeast market has been segmented into poultry, swine, ruminants,
aquatic, and others. Among these, the poultry segment presently holds the
maximum share of the market. Meanwhile, the aquatic
segment is projected to exhibit moderate
growth in the foreseeable future.
Regional
Insights:
By region, the global feed yeast market has
been segmented into North America,
Europe, Asia Pacific, and the Rest of the World. Europe holds the most
significant share of the market at present and is likely to exhibit tremendous
growth over the next couple of years. The factors favoring the growth of the
regional feed yeast market include rising demand for meat products, increasing
awareness regarding livestock health, growing demand for feed supplement
products, etc. The important country-level markets of the region are Germany
and the U.K.
Asia Pacific is poised to witness tremendous growth in the forthcoming
years. The exponential population, increasing focus on animal nutrition, rising
consumption of meat, etc. are responsible for accelerating the revenue creation
for participants of the regional feed yeast market. The rising demand for meat products is likely
to fuel demand in the market in North America. It is projected to expand
substantially over the assessment period.
Competitive
Dashboard:
Some of the key
players profiled in the report are Nutreco N.V. (the
Netherlands), Associated British Foods plc (U.K), Angelyeast Co., Ltd. (China), Diamond V Mills, Inc. (U.S.), Nutreco
N.V. (the Netherlands), Alltech, Inc. (U.S.), Cargill Inc. (Germany), Leiber
GmbH (Germany), Archer-Daniels-Midland Company (U.S.), Lesaffre Yeast
Corporation (U.S.), and Lallemand Inc. (Canada).
Industry
Developments:
In September 2018, Canadian Bio-Systems
Inc. has launched its new Feed Science Platforms (FSPs) which offers a
comprehensive portfolio of advanced bio-based feed technology solutions for
benefitting the swine, poultry, aquaculture, and
ruminant production. The FSPs include five areas of innovative feed technology
which includes enhanced yeast technology.
In September 2018, the subsidiary of
Canadian business Lallemand Inc., Mascoma LLC, has partnered with Israeli
biotech start-up, NextFerm, for the
production of high-end, science-based, yeast-based and fermentation-derived
ingredients for the feed industry.
Access Report Details @ https://www.marketresearchfuture.com/reports/feed-yeast-market-5196
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