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 global yeast probiotic ingredient for the animal market is poised for significant expansion, with the market size projected to escalate from $4.98 billion in 2022 to $5.32 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 6.7%. Looking further ahead, the market is expected to reach an impressive $7.88 billion in 2027, driven by a compelling CAGR of 10.3%.

Driving Force: Surging Demand for Eggs and Poultry Meat

The escalating demand for eggs and poultry meat emerges as a key catalyst propelling the yeast probiotics for animal feed market. Poultry meat, derived from various avian species, including chickens, turkeys, ducks, and others, experiences enhanced production and disease resistance with the incorporation of probiotics in their feed. This results in increased egg and meat output. According to the Organization for Economic Co-operation and Development (OECD), the consumption of pork and beef witnessed an uptick from 2020 to 2021, emphasizing the growing appetite for animal products. Thus, the rising demand for eggs and poultry meat is a pivotal driver steering the growth of the yeast probiotics for animal feed market.

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Industry Leaders: Pioneering Innovation

Key players shaping the yeast probiotic ingredient for the animal market include Chr. Hansen A/S, Koninklijke DSM N.V., DuPont de Nemours Inc., and Evonik Industries AG, among others. These industry leaders are at the forefront of product innovation, a key trend gaining popularity in the market. Notably, Phileo by Lesaffre, a prominent player, introduced Actisaf Sc 47 HR+ probiotic yeast in January 2023. This innovative product, designed for swine and poultry feed, boasts a unique microspherule shape, providing inherent resistance to the rigors of pelleting feed without the need for additional coatings.

Regional Dynamics: North America Leading the Charge

In 2022, North America claimed the largest share in the yeast probiotic ingredient for the animal market. However, the Asia-Pacific region is anticipated to witness the fastest growth during the forecast period. The global market report spans regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Market Segmentation: Tailoring Solutions for Diverse Livestock Needs

The global yeast probiotic ingredient for the animal market is segmented based on:

• Product Type: Live, Spent, Yeast Derivatives
• Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera
• Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine

The Yeast Probiotic Ingredient For Animal Global Market Report 2023  provides a comprehensive overview on the yeast probiotic ingredient for animal market size, yeast probiotic ingredient for animal market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the yeast probiotic ingredient for animal 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.

View More Related Reports –
Feed Premix Global Market Report 2023
Probiotics In Animal Feed Global Market Report 2023
Animal Growth Promoters And Performance Enhancers Global Market Report 2023

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