How Will The Feed Yeast Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s feed yeast market report forecasts the feed yeast market size to grow to $4.34 Billion by 2027, with a CAGR (compound annual growth rate) of more than %.
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Feed Yeast Market Size Forecast
The global feed yeast market is expected to grow from $2.86 billion in 2022 to $3.17 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The feed yeast market size is expected to grow to $4.34 billion in 2027 at a CAGR of 8.1%.
Asia-Pacific held the largest feed yeast market share.
Key Feed Yeast Market Driver – Increase In Industrialized Livestock Production
According to the Food and Agriculture Organization of the United Nations, the livestock support about 1.3 billion people’s livelihoods and access to food and nutrition and contribute 40% of the worldwide value of agricultural output. Therefore, the increased industrialized livestock production will drive the growth of the feed yeast market.
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Key Feed Yeast Market Trend – Technological Advancement
The wood to food technology is emerging in the market. It refers to making the protein component using the wood-derived medium in fermentation and final downstream processing to achieve the desired characteristics as a workable substitute for the plant and animal protein sources currently employed. In October 2020, Arbiom, a US-based food technology company that turns wood into an alternative source of protein for animals and people, completed a stable operation of its wood-to-food technology. With the help of Arbiom’s technology, wood waste and residues can be recycled to create the protein-rich, natural, and healthy ingredient known as “SylPro.” This single-cell protein is made up of dried, inactive yeast microorganisms grown using wood substrates as food during the fermentation stage of the production process.
Feed Yeast Market Segment
1) By Type: Probiotic Yeast, Brewer’s Yeast, Specialty Yeast, Yeast Derivatives
2) By Genus: Saccharomyces spp, Kluyveromyces spp, Other Genus
3) By Form: Fresh, Instant, Dry
4) By Animal Type: Ruminants, Poultry, Swine
Feed Yeast Market Major Players and Strategies
Major players in the feed yeast market are 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.
In August 2021, Angel Yeast, a China-based global yeast and yeast extract manufacturer, acquired Bio Sunkeen’s Yeast for $15.4 million. Through this acquisition, the business hopes to maximize its manufacturing capacity while consolidating and strengthening its industry position. Bio Sunkeen’s Yeast is a China-based manufacturer of yeast products for human and animal nutrition.
The Feed Yeast Global Market Report 2023 covers regional data on feed yeast market size, feed yeast market trends and drivers, opportunities, strategies, and feed yeast market competitor analysis. The countries covered in the feed yeast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The feed yeast refers to a by-product of alcoholic beverages and the fermentation industry. It is produced by reproducing yeast fungus on various substrates. The colour of feed yeast ranges from pale yellow to light grey, and the smell is typical of yeast.
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