Global Swine Feed Probiotic Yeast Market Opportunities And Strategies 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 swine feed probiotic yeast market report forecasts the swine feed probiotic yeast market size to grow to $1.66 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.
Learn More On The Swine Feed Probiotic Yeast Market Report 2023 – https://www.thebusinessresearchcompany.com/report/swine-feed-probiotic-yeast-global-market-report
Swine Feed Probiotic Yeast Market Size Forecast
The global swine feed probiotic yeast market is expected to grow from $1.32 billion in 2022 to $1.38 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. 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 global swine feed probiotic yeast market size is expected to reach $1.66 billion in 2027 at a CAGR of 4.8%.
Asia-Pacific held the largest swine feed probiotic yeast market share.
Key Swine Feed Probiotic Yeast Market Driver – Growth In Livestock Consumption
According to the Organisation for Economic Cooperation and Development (OECD), a France-based intergovernmental organisation with the goal of stimulating economic progress and global trade, pork meat consumption increased from 106.279 million tonnes in 2020 to 108.775 million tonnes in 2021, while beef meat consumption increased from 70.882 million tonnes in 2020 to 71.451 million tonnes in 2021. As a result, rising livestock consumption is propelling the swine feed probiotic yeast market.
Request for A Sample Of The Global Swine Feed Probiotic Yeast Market Report:
Key Swine Feed Probiotic Yeast Market Trend – Product Innovation
For example, Phileo by Lesaffre, a French producer of animal welfare and performance solutions based on live yeasts, bacteria, and yeast products, developed Actisaf Sc 47 HR+ probiotic yeast for swine feed and poultry feed in January 2023. The Actisaf Sc 47 HR+ microspherule form was created to give inherent resistance to combined temperature, friction, and moisture in pelleting feed without the use of foreign material coating.
Swine Feed Probiotic Yeast Market Segment
1) By Product Type: Live, Spent, Yeast Derivatives
2) By Genus: Saccharomyces Spp., Kluyveromyces Spp., Other Genuses
3) By Form: Dry, Instant, Fresh
Swine Feed Probiotic Yeast Market Major Players and Strategies
Major players in the swine feed probiotic yeast market are Chr. Hansen A/S, Koninklijke DSM N.V., ADM, Alltech, Kemin Industries Inc., Biorigin, Cargill Incorporated, Nutreco N.V., Phileo by Lesaffre, Lallemand Inc., Novus International Inc., Angel Yeast Co. Ltd., Novozymes A/S, Ohly, Calpis Co. Ltd., Land O’Lakes Inc. and Evonik Industries AG.
CanBiocin Inc., a livestock probiotic firm based in Canada, acquired Pure Cultures Inc for an unknown sum in May 2020. CanBiocin’s operations in the US animal feed probiotic yeast industry will be expanded as a result of the acquisition. Pure Cultures Inc. is a company established in the United States that provides species-specific probiotics to pet food and livestock feed manufacturers.
The Swine Feed Probiotic Yeast Global Market Report 2023 covers regional data on swine feed probiotic yeast market size, swine feed probiotic yeast market trends and drivers, opportunities, strategies, and swine feed probiotic yeast market competitor analysis. The countries covered in the swine feed probiotic 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.
Swine feed probiotic yeast are living microorganisms that improve swine health by modifying the gut microbiota and are used as pig feed additives. Swine feed probiotic yeast is used in pig feed to improve pig performance and feed effectiveness while reducing pig farming’s environmental impact.
View More Reports Related To The Swine Feed Probiotic Yeast Market –
Driver Monitoring Systems Global Market Report 2022
Specialty Yeast Global Market Report 2023
Bioethanol Yeast Global Market Report 2023
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: