Feed Yeast Market Revenue Driving Factors & Forecast Report, 2018 - 2023
Feed yeast market is driven by prohibition on antibiotic growth promoters in different parts of the globe, growing consumption of compound feed, and rising awareness concerning animal nutrition. Furthermore, high demand for fish foods and low availability of marine feed resources are expected to accelerate the demand for feed yeast.
(firmenpresse) - Global feed yeast market is expected to witness substantial growth in the coming years owing to the high demand for feed yeast due to increasing animal health issues. Feed yeast is used in animal nutrition to improve their digestion. Feed yeast in animal diet helps the animals digest healthy quantity of fibre and improve their intake efficiency. Saccharomyces is the commonly used yeast species in the feed industry. Nutritional ingredients in the feed yeast helps in digestion of proteins, lipids, and carbohydrates in animals.
Feed yeast market is driven by prohibition on antibiotic growth promoters in different parts of the globe, growing consumption of compound feed, and rising awareness concerning animal nutrition. Furthermore, high demand for fish foods and low availability of marine feed resources are expected to accelerate the demand for feed yeast. Nevertheless, significant cost of production and low awareness among farmers for the benefits of feed yeast in emerging economies are hindering the growth of feed yeast market.
Increase in demand for feed yeast on the global scale is encouraging the market players to improve their product offerings. Regulations on the use of Antibiotic Growth Promoters by the (EU) European Union is challenging the market.
Feed yeast market is categorized on the basis of product type, form, livestock, and geography. Based on product type, market is divided into spent yeast, live yeast, and yeast derivatives, etc. Live yeast segment is expected to lead the market in the coming years, since it is beneficial, reliable and cost-efficient and performance-improving ingredient for feed.
Based on form, market is bifurcated into dry yeast, wet yeast, and instant yeast. Livestock segment of the market is divided into swine, ruminants, poultry, aquatic animals, pet animals, and others. Poultry segment leads the market, followed by swine market. Remnants segment is also expected to maximum share of the market due to increasing use of feed yeast in protein foods and dairy products. Feed for pet animals comprises brewer’s yeast and torula yeast, amongst which brewer’s yeast leads the market since it reduces digestive problems in animals and improves gut flora. In comparison to other segments, aquatic segment is experiencing sluggish growth, since feed yeast is used in small quantities.
Geographically, feed yeast market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market in the coming years due to increased use and growing awareness regarding the benefits of feed yeast. Consumption of feed yeast is high in the emerging economies like India Further, North America, followed by Europe also accounts for a considerable share during the forecast period.
The leading players in feed yeast market comprises Archer Daniels, Diamond V Mills, Cargill, Lallemand, Angel Yeast, Alltech, Leiber, Nutreco, Associated British Foods, Biomin, Santel Sante, Novus, Dox-Al, Lesaffre, and Western Yeast.
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feed-yeast-market
food-ingredients
feed-yeast-market-news
global-feed-yeast-industry-size
feed-yeast-market-share
feed-yeast-market-demand
feed-yeast-market-analysis
feed-yeast-market-research
feed-yeast-market-forecast-report
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Datum: 02.06.2020 - 11:48 Uhr
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