Feed Yeast Market Size is Anticipated to reach at a CAGR of 5.92% from 2022 to 2030 By MRFR
The global feed yeast market is expected to grow at a CAGR of 5.92% from 2022 to 2030, reaching a value of USD 2.34 billion by 2030. This growth is being driven by a number of factors, including the growing consumer awareness of livestock health, the increasing interest in healthy eating habits, and the rising demand for meat.
Feed yeast is a type of yeast that is used as a feed additive for livestock. It is a rich source of protein, vitamins, and minerals, and it can help to improve animal health and productivity. Feed yeast is also a natural source of prebiotics, which can help to improve gut health and digestion.
The type of feed yeast that is used can vary depending on the type of animal that is being fed. For example, live yeast is often used for poultry and swine, while spent yeast is often used for ruminants.
The form of feed yeast that is used can also vary. Dry yeast is the most common form of feed yeast market share , as it is stable and easy to handle. However, liquid yeast is also becoming increasingly popular, as it is more readily absorbed by animals.
The Asia-Pacific region is expected to be the fastest-growing market for feed yeast during the forecast period. This is due to the rising demand for meat in the region, as well as the growing adoption of intensive livestock farming practices.
The feed yeast market is fragmented, with a number of large and small players competing for market share. Some of the major players in the market include Lesaffre, Lallemand, Associated British Ingredients, Angel Yeast, and Agridient.
The feed yeast market is expected to continue to grow in the coming years, driven by the factors mentioned above. However, the high cost of processing and raw materials may hamper the market growth over the review period.
Overall, the feed yeast market is a promising market with a bright future. The growing demand for feed yeast, coupled with the increasing number of applications, is expected to drive the market growth in the coming years.
Key Market Drivers
- Growing consumer awareness of livestock health
- Increasing interest in healthy eating habits
- Rising demand for meat
- Increasing adoption of intensive livestock farming practices
Key Market Challenges
- High cost of processing and raw materials
- Fluctuations in the prices of raw materials
- Increasing competition from other feed additives
Key Market Players
- Associated British Ingredients
- Angel Yeast
- Asia-Pacific is expected to be the fastest-growing market for feed yeast during the forecast period
- Europe is expected to be the second-largest market for feed yeast during the forecast period
- North America is expected to be the third-largest market for feed yeast during the forecast period
The global feed yeast market is expected to grow at a CAGR of 5.92% from 2022 to 2030, reaching a value of USD 2.34 billion by 2030.