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Animal Feed Inactive Yeast Market Size
Animal Feed Inactive Yeast Market size exceeded USD 155.92 billion in 2022 and is anticipated to grow at a CAGR of over 3.9% from 2023 to 2032. Growing animal feed additives demand owing to rising livestock production across the globe to facilitate demand for food among population should boost the market growth. Yeast is predominantly used in animal feed owing to enhance nutritional properties in animal feed products which results to boost animal productivity which should fuel the market demand. Increasing demand for traceability, transparency, and sustainability will drive the animal feed industry, thus supporting the dry yeast demand.
The animal feed industry is becoming increasingly competitive as products with improved functionalities are entering the market. The use of inactive dried brewer’s yeast as an ingredient enhances nutritional content and palatability in animal feed. The high palatability of feed because of the addition of inactive dried yeast stimulates feed intake.,
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 155.92 Billion |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 3.9% |
| 2028 Value Projection: | USD 229.88 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 104 |
| Segments covered: | Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The addition of inactive dried yeast also improves the immune system and health & growth performance of livestock. According to the United Nation’s FAO, the demand for food will grow by 60% by 2050, which implies promising opportunities for manufacturers of inactive dried yeast in the animal feed and animal feed ingredients industry in the foreseeable future.
COVID-19 Impact
The covid-19 pandemic have a negative impact on the animal feed inactive yeast market. The manufacturer of animal feed inactive yeast faced a huge challenge due to restriction and disruption in supply chain. This is due to the measures Chinese authority have taken to contain the spread of pandemic. The global supply chain from raw material sourcing disrupted due to COVID-19 pandemic.
Animal Feed Inactive Yeast Market Trends
Inactive dried yeast is a natural source of protein with both essential and non-essential amino acids and is high in B Complex vitamins, which are important for energy production. It is made from a single cell yeast by non-alcoholic fermentation on molasses. It is made inactive and dried on steam-heated roller dryers. The product is then milled to a fine, course powder, which is light golden in color with a delicate, toasted yeast flavor. Growing meat consumption owing to consumer inclination toward high protein diets to meet their nutritional needs has led to increase in demand for high-quality products.
Growing concerns regarding livestock disease outbreaks owing to high concentration of animals and farms have turned the focus toward meat safety and maintaining meat quality, which are likely to drive the industry size. Aquaculture industry is dependent on complex commercial aquafeed. Rainbow trout, Atlantic salmon, seabass, and sea breams are the most farmed species in the global market. Rising fish consumption owing to its positive health effects will foster regional product demand
Animal Feed Inactive Yeast Market Analysis
The broiler segment dominated the animal feed inactive yeast market in 2022 and accounted for the maximum revenue share. Protein are required to improve their immune systems and build tissues. Inactive dry yeast is widely used as feed additive as a source of protein and vitamin in the poultry industry, which helps in boosting the immune system. Increase in per-capita meat consumption along with rise in livestock production should boost European industry size. Strong trends towards growth in livestock rearing for consumption forming part of protein rich diet, should drive the market growth. Increasing usage of inactive dry yeast in poultry feeds to improve productivity and weight gain should fuel product demand in Europe.
The poultry application segment is poised to show tremendous growth in the animal feed inactive dry yeast market up to 2032. Poultry applications consists of broiler, layer, and turkey. Europe is among the major growing regions in terms of layer feed. Need for a high value protein vitamin product to enhance the poultry health & quality is augmenting the demand for inactive dry yeast. Swine feed segment holds a substantial share in the market in 2022.
Prophylactic properties of inactive dry yeast resulting in increased animal resistance to diseases and improved performance is fuelling the product penetration in Europe. Moreover, favourable properties such as high palatability thus stimulating the feed intake is likely to propel the business growth through swine applications. Moreover, the product offers high protein content, superior amino acid balance, and high levels of Vitamin B, thereby supporting the product adoption rate.
Germany is the largest consumer of inactive dry yeast in Europe. Large manufacturing capacity along with high consumer spending on quality meat products is driving the business expansion in Germany. Whereas, favourable regulations pertaining to improving the feed quality is anticipated to fuel the industry expansion. Other key factors such as increasing diseases in animals along with rise in consumer health consciousness will support the animal feed inactive dry yeast market demand.
Spain is among the major animal feed manufacturers in Europe and observed a considerable rise in production in 2022. Large meat consumption along with modifications in EU animal feed regulations and export norms in order to improve the end-product quality is likely to escalate the Spain inactive dry yeast market. Ability of livestock producers to try new feed additives to improve the animal health by reducing the chances of various diseases is among the key factors supporting the business expansion in Europe
Animal Feed Inactive Yeast Market Share
Some of the leading companies operating in the animal feed inactive yeast market are:
- Angel Yeast
- Lallemand, Inc
- Archer Daniels Midland Company
- Titan Biotech Limited Company Ohly
- Tangshan Top Biotechnology
- ABN Spain (APLICACIONES BIOLOGICAS A LA NUTRICION SL)
- Leiber Gmbh
- Alltech Biotechnology
- Sensient
- BioSpringer (Part of Lesaffre Group)
- AB Mauri.
- Sojuz Produkt Pitaniya
- ICC Brazil (ICC Industrial, Comércio, Exportação e Importação S/A).
These companies are engaged in startergic partneships and colaboration with instllaors and manufacturer of animal feed inactive yeast inorder to gain a competitive advantage in the market.
Animal Feed Inactive Yeast Industry News
- In January 2019, Ohly and Lallemand entered into a strategic partnership through a long-term supply agreement. According to the agreement, Lallemand will take over Ohly’s Hutchinson Torula Yeast facility and associated businesses, which will aid the company to increase its yeast extract production and widen the company’s presence across North America.
- In January 2019, Ohly and Lallemand made a strategic partnership, according to which Ohly decided to divest its Hutchinson Torula yeast facility and associated Torula whole cell business to Lallemand. This initiative was taken in order to better utilize and sustainably secure the future of Hutchinson site.
This animal feed inactive yeast market research report includes in-depth coverage of the industry with estimates & forecast in terms revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Application
- Poultry
- Broiler,
- Layer,
- Turkey
- Swine
- Starter
- Grower
- Sow
- Cattle
- Dairy,
- Calf
- Aquaculture
- Salmon,
- Trout’s,
- Shrimps,
- Carp
- Pet food
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East
- South Africa
- Saudi Arabia
- UAE
- Egypt
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