The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Feed Yeast Global Market Report 2024, the feed yeast market is expected to show promising growth in the forecast period.

The feed yeast market has experienced rapid growth, escalating from $3.2 billion in 2023 to a projected $3.55 billion in 2024, showcasing a noteworthy Compound Annual Growth Rate (CAGR) of 10.8%. This surge is attributed to several factors, including the escalating demand for animal protein, the expansion of the livestock industry, heightened focus on animal nutrition, bans on antibiotic growth promoters, and supportive government initiatives and regulations.

• Driving Force: Industrialized Livestock Production: The increased industrialization of livestock production is a major driving force for the growth of the feed yeast market. Livestock production plays a pivotal role in world agriculture, contributing significantly to food security and nutrition. Yeast-enriched animal feed enhances development, health, and production across various livestock categories. As per the Food and Agriculture Organization of the United Nations, livestock supports livelihoods for about 1.3 billion people and contributes 40% to the global value of agricultural output.
• Global Impact: Livestock production is not just a local or regional concern; it has global implications. The sector supports the livelihoods and nutrition of over a billion people worldwide, emphasizing its critical role in ensuring food security. This broad impact underscores the importance of enhanced animal nutrition through the incorporation of yeast in feed formulations.
• Industry Players: Key players in the feed yeast market, such as Associated British Foods PLC, Archer Daniels Midland Company, Alltech, and Cargill Incorporated, are instrumental in driving innovation and sustainability in the sector.

View More On The Feed Yeast Market Report 2024 – https://www.thebusinessresearchcompany.com/report/feed-yeast-global-market-report

Focus On Launch Of New Products
In line with emerging trends, product innovation is becoming a hallmark of the feed yeast market. Major companies are continuously introducing novel solutions to maintain and strengthen their positions. For example, BASF, a prominent German chemical company, unveiled Natupulse TS in December 2021, a groundbreaking feed enzyme designed to release valuable nutrients. This non-starch polysaccharide (NSP) enzyme acts as an endo-1,4-ß-D-mannanase, enhancing feed digestibility and promoting sustainable production.

• Innovation for Sustainability: Product innovation in the feed yeast market is not just about introducing new products but also emphasizing sustainability. Innovations like Natupulse TS aim to reduce digesta viscosity, increase feed digestibility, and contribute to more sustainable production practices.

Angel Yeast Acquires Bio Sunkeen’S Yeast: Strengthening Market Position
In August 2021, Angel Yeast, a leading China-based global yeast and yeast extract manufacturer, acquired Bio Sunkeen’s Yeast for $15.4 million. This strategic move aimed to maximize manufacturing capacity while consolidating and strengthening Angel Yeast’s industry position. Bio Sunkeen’s Yeast, a China-based manufacturer of yeast products for human and animal nutrition, aligns with Angel Yeast’s commitment to quality and expansion.

• Strategic Industry Consolidation: The acquisition of Bio Sunkeen’s Yeast demonstrates a trend of strategic consolidation within the feed yeast market. Industry players are seeking opportunities to enhance their capabilities and market presence through strategic acquisitions.

Market Segmentation: A Comprehensive Overview

The feed yeast market is segmented into various categories, providing a comprehensive understanding of its dynamics:

1. Type: The market includes Probiotic Yeast, Brewer’s Yeast, Specialty Yeast, and Yeast Derivatives.
2. Genus: Segmentation by genus includes Saccharomyces spp, Kluyveromyces spp, and Other Genus.
3. Form: The forms of yeast available in the market include Fresh, Instant, and Dry.
4. Animal Type: Segmentation by animal type covers Ruminants, Poultry, and Swine.

• Regional Dominance: In 2023, Asia-Pacific emerged as the largest region in the feed yeast market, showcasing the global nature of the industry and the prominence of different regions in driving market growth.

In conclusion, the feed yeast market’s trajectory is marked by robust growth, driven by factors such as increased livestock production, product innovation, strategic acquisitions, and a focus on sustainability. As the market continues to evolve, these trends will play a pivotal role in shaping its future landscape.

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