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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
The poultry segment is poised to record notable growth through 2032, as a result of the need for a high value protein vitamin to enhance poultry health & quality.
The market size of animal feed inactive dry yeast was surpassed USD 155.5 billion in 2022 and will record over 3.5% CAGR between 2023 and 2032, with rising livestock production across the globe.
Europe market is slated to amass substantial gains by 2032, attributed to favorable regulations pertaining to improving the feed quality in the region.
The broiler application segment is anticipated to depict remarkable growth from 2023 to 2032, owing to the strong trends towards growth in livestock rearing for consumption forming part of protein-rich diet.