Yeast Market Size for Animal Feed Application exceeded USD 1.5 billion in 2020 and is estimated to grow at a CAGR of over 7% from 2021 to 2027. Growing demand for animal feed additives owing to rising livestock production across the globe is anticipated to drive the yeast industry for animal feed application.
Yeast is a rich & natural supplement that provides proteins, vitamins, minerals, nucleotides, and amino acids. It is used in animal feed and nutrition products. Yeast is an effective product that is fed to cattle as it improves milk yield and quality, thus positively impacting animal performance and health. It imparts a meaty flavor and color to animal feed, enhancing the nutritive value of pet food and promoting the growth of fishes & aquacultures.
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Increasing incorporation of yeasts in animal feed owing to their persuading attributes according to different animals will foster the market statistics. Yeast-incorporated animal feed for ruminants stimulates rumen metabolism, improves digestibility & feed absorption, mitigates risks due to acidosis, and increases milk yield, persistent lactation & better growth. In pig feed, it helps in enhancing digestive comfort, increasing feed efficiency, reducing pathogens, and optimizing performance & economic levels. These factors will propel the yeast demand for animal feed applications, thus propelling the yeast market for animal feed application expansion. Increasing consumer shift toward protein rich food including meat and eggs will accelerate livestock production across the globe, boosting the yeast demand for animal feed applications.
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Hydrolyzed yeast market for animal feed application surpassed USD 280 million in 2020 and is anticipated to witness significant gains over the forecast timeframe. The hydrolyzed yeast imparts savory flavor in the animal feed provided to chicken, fish, and beef, leading to high palatability. Hydrolyzed yeast delivers high digestibility proteins and provides a source of amino acids and nucleic acid owing to which it is widely used in young animal feed and is expected to augment product demand.
Changes in feed often lead to less food intake and high susceptibility to diseases owing to which functional feed components, such as hydrolyzed yeast, are essential for the development and growth of young animals. Furthermore, hydrolyzed yeast offers the benefits of faster intestinal recovery in animals after diarrhea and faster immune response in different disease situations. These factors will augment the hydrolyzed yeast demand, thereby accelerating yeast market for animal feed application forecasts.
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Yeast market for animal feed application from poultry segment is anticipated to surpass USD 1,185 million by 2027. Yeast is majorly used in boiler chicks to reduce mortality rates by mitigating diseases & infections and suppressing pathogenic bacteria in the intestinal tract. Yeast is predominantly used in poultry farming to boost the immune system of neonate chickens, attain resistance against pathogens, reduce salmonella food poisoning, increase antibody titers after vaccination, and boost animal performance & health, thereby promoting the product demand.
The rising demand for eggs owing to their persuading nutritional benefits, such as good cholesterol and richness in nutrients, proteins, & omega 3s that promote weight loss will expand layers demand. This will drive the yeast market size for poultry feed applications. Yeast is predominantly used in layers to improve hatchability, egg quality, and antioxidative properties including increase in selenium content, vitamin E content. Higher attention to lower fat intake has led to an increase in the production and consumption of poultry products across the world, which will drive the yeast industry statistics for poultry feed application.
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The North America yeast market for animal feed application is poised to surpass USD 515 million by 2027. A surge in demand for frozen and canned meat products along with increasing industrial livestock production will boost the regional yeast demand for animal feed application. Yeast helps in maintaining good health in poultry livestock including broilers, layers, and turkeys. A strong demand for poultry meat & products has led to an increase in poultry production, which will augment product demand in the region.
Changing consumer dietary habits have led to a rise in milk and meat product consumption, which will positively impact the regional yeast market for animal feed application share. Yeast is widely used in animal feed to improve the productivity & health of animals. Rising production of animal feed along with increased use of animal feed additives in poultry feed to improve gut health & weight gain will foster product demand.
The yeast market for animal feed application is competitive and includes various players such as Enzym Company, Leiber GmbH, Novus International Inc, ADM, Alltech, Angel Yeast, Lesaffre Group, and Biorigin. Companies are involved in various business strategies such as new product launches and mergers & acquisitions for business expansion.
The global yeast market size for animal feed application research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2016 to 2027 for the following segments:
By Product
By Application
The above information has been provided for the following regions: