Feed Yeast Market Analysis, Growth, Trends, Share, & Forecast to 2023

25/feb/2019 12:52:52 MarketsandMarkets Contatta l'autore

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The feed yeast market is projected to reach USD 2.1 billion by 2023, at a CAGR of 5.27% during the forecast period. Feed to the use of antibiotics in feed and preference for yeast. In addition, with the ban on the use of antibiotics in feeds, most of the regions have led to high demand for feed and yeast products.

 

 

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On the basis of genus, the Saccharomyces Spp. segment is projected to be the fastest-growing segment during the forecast period.

Saccharomyces cerevisiae has been the most widely adopted yeast for various applications, including feed. Majority of the key players such as Associated British Foods plc. (UK), Cargill (US), and Lesaffre (France) have been providing feed yeast with Saccharomyces formulation. According to the FAO, besides Saccharomyces spp., Candida spp. has been gaining traction as a probiotic yeast in the North American feed application. Saccharomyces and Candida for the probiotic application in the feed industry.

The increasing awareness of the health benefits associated with the probiotic yeast has widened the scope of growth for the yeast market.

The use of probiotic yeast in ruminant feeds resulted in improved health and higher milk production. Similarly, in pigs, yeast triggers an immune response to reduce the entry of pathogens in the body and also reduce the occurrence of post-weaning diarrhea. With the increasing use of probiotics for animal nutrition, growth promotion, and gut health development, the probiotic yeast segment is projected to record the fastest growth rate.

On the basis of livestock, the aquatic animals segment is projected to witness the highest growth in the feed yeast market.

A rise in fish farming practices in the developing countries over the past 10 years. In addition, the increasing fish consumption in regions such as Europe and South America encourages fish farming, which would further drive the feed into the aquafeed segment. Supplementing feeds to the right supply of essential nutrients.

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The Asia Pacific is projected to witness the highest growth in the yeast market during the forecast period.

As for the FAO figures of 2017, the consumption rate of meat products in East Asia had witnessed rapid growth. The consumption rate reached 50 kg per person in 2015 from nearly 9 kg per capita in the 1960s. However, the ban on the use of antibiotics as a growth promoter in the livestock sector across the European and North American countries has indirectly impacted the Asia Pacific countries. This has encouraged key companies of feed additives to develop natural growth promoters and health supplements. Since the ban, the livestock producers had identifiable antibiotic growth promoters with microbial-based feed additives, which possess antibiotic properties. Many key players such as Lallemand Inc.

Key Market Players:

There are many local and global players that provide yeast for different industry verticals including the feed industry, which holds a strong demand for yeast. Multiple companies are major suppliers of more than one industry, and therefore, the end-use applications for their products are not mentioned. Hence, the scope of this report includes a detailed study of those yeast and feed producers whose portfolio mentions the end use as feeds, such as Associated British Foods Inc. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US ), Cargill (US), Angel Yeast Company (China), Chr. Hansen (Denmark), and Lesaffre (France). Various strategies such as acquisitions, joint ventures, and new product launches were adopted by companies, to enter the feed yeast market.

Recent Developments:

  • In November 2018, Phileo (France), a subsidiary of Lesaffre, launched a new range Actisaf Sc 47 HR +. The product is a feed solution for animal species including ruminants, swine, and horses.
  • In August 2018, Archer Daniels Midland Company (US) acquired Probiotics International Limited, a UK-based company, which deals with the manufacturing of natural healthcare and probiotic supplements for humans, pets, and animal nutrition applications. The deal was closed with USD 242.41 million in the UK. This acquisition would help the company to strengthen its product portfolio and market coverage.
  • In January 2019, Ohly (UK), a subsidiary of Associated British Foods and Lallemand (Canada), entered into a strategic partnership for the development of the Ohly's Hutchinson Torula Yeast facility. The long-term supply partnership assured by the Hutchinson, to be distributed in the US market.
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