Feed Yeast Global Market Outlook 2023-2032: Size And Growth Rate Analysis
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The global feed yeast market is poised for remarkable growth, ascending from $2.86 billion in 2022 to $3.17 billion in 2023, exhibiting a substantial compound annual growth rate (CAGR) of 10.9%. This upward trajectory is anticipated to continue, with the market size reaching $4.34 billion in 2027, propelled by a robust CAGR of 8.1%.
Powering Livestock Production: A Key Catalyst
Industrialized Livestock Production
A pivotal driver for the surge in the feed yeast market is the escalation in industrialized livestock production. Livestock production, a cornerstone of global agriculture, contributes significantly to food security and nutrition. The incorporation of yeast in animal feed plays a crucial role in enhancing development, health, and overall production. Notably, yeast serves to mitigate health risks in dairy cows fed starch-rich diets by improving fiber digestion in the rumen, fostering microbial proliferation. In poultry, yeast presents a practical element satisfying the energy needs of chickens. With the livestock sector supporting the livelihoods of around 1.3 billion people and contributing 40% to the worldwide value of agricultural output, the increased industrialized livestock production is set to be a major growth catalyst for the feed yeast market.
Market Leaders: Navigating Growth
Industry Pioneers
Major players steering the course in the feed yeast market include Associated British Foods PLC, Archer Daniels Midland, Alltech Inc., Cargill Incorporated, Angel Yeast Co. Ltd., Chr. Hansen, Lesaffre, Novus International, Lallemand Inc., Leiber GmbH, Bio Sunkeen Co, Zilor, FADA Yeast, Wester Yeast Company, Titan Biotech, and Oriental Yeast India Pvt. Ltd. These industry leaders are not only shaping the market but are integral to driving innovation and meeting the burgeoning demands of industrialized livestock production.
Technological Innovation: A Transformative Trend
Wood to Food Technology
A prominent trend shaping the feed yeast market is technological advancement, with the emergence of Wood to Food technology. This groundbreaking approach involves producing the protein component using wood-derived mediums in fermentation and downstream processing. This novel method serves as a viable substitute for existing plant and animal protein sources. In October 2020, Arbiom, a US-based food technology company, achieved stable operation of its Wood to Food technology. This innovation allows wood waste and residues to be repurposed to create “SylPro,” a protein-rich ingredient. This single-cell protein, composed of dried, inactive yeast microorganisms, is cultivated using wood substrates as a food source during fermentation. Technological advancements like Wood to Food are not only transformative but indicative of the industry’s commitment to sustainability.
Segmenting Success: Market Overview
Diverse Dimensions
The global feed yeast market is segmented based on various parameters:
- By Type:
- Probiotic Yeast
- Brewer’s Yeast
- Specialty Yeast
- Yeast Derivatives
- By Genus:
- Saccharomyces spp
- Kluyveromyces spp
- Other Genus
- By Form:
- Fresh
- Instant
- Dry
- By Animal Type:
- Ruminants
- Poultry
- Swine
Regional Leadership: Asia-Pacific Dominance
Market Dynamics by Region
In 2022, Asia-Pacific emerged as the leader in the feed yeast market, holding the largest market share. The region’s robust presence is indicative of the growing significance of the feed yeast market in addressing the demands of the livestock industry. As the market unfolds, Asia-Pacific is set to maintain its leadership position, with other regions also experiencing substantial growth.
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The Feed Yeast Global Market Report 2023 provides a comprehensive overview on the feed yeast market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
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