The global feed yeast market size is expected to gain momentum backed by the growing demand for superior quality meat and the stringent government regulations to reduce the adoption of growth-enhancing feed additives that is likely to drive the demand for organic feed yeast products globally. This information is published by Fortune Business Insights, in its latest report, titled, “Feed Yeast Market Size, Share Industry Analysis, By Type (Spent Yeast, Live Yeast, Yeast Derivatives), By Animal Type (Poultry, Ruminants, Swine, Others), By Form (Dry, Instance, Fresh) and Regional Forecast, 2020-2027.”
Agriculture Sector to Experience Sluggish Growth amid COVID-19
Owing to the lockdown announced by government agencies globally, the industries have suffered unprecedented economic loss due to suspended operations and services. The agriculture industry is going through a major downturn due to the supply chain disruption. This is likely to hamper the growth prospects of the feed additives products globally.
Yeast is generally added to the animal feed to improve the growth of the animal. The feed yeast consumed by the animal aids in the significant reduction of digestive problems and further maintains proper intestinal bacteria balance. Furthermore, yeast can be easily combined with home-based feed enabling it to be an economically affordable option to improve the quality and growth of the animals.
What does the Report Include?
The global market for feed yeast report includes a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Increasing Demand for Meat Globally to Accelerate Growth
As per the data by TheWorldCounts, around 350 million tons of meat is consumed by the people globally. In addition to this, by 2030, the number will be a staggering 453 million, which is an astonishing 44% increase in consumption. The rising consumption of meat is propelling the demand for superior-quality and high-protein diet that is projected to drive the adoption of advanced feed yeast to provide nourishment and maintain optimum animal growth. Moreover, stringent government regulations regarding the utilization of feed additives are expected to boost the adoption of organic feed yeast that will further contribute to the global feed yeast market growth in the forthcoming years.
Presence of Prominent Players in North America to Aid Regional Dominance
Among all the regions, North America is expected to hold the highest position in the global feed yeast market during the forecast period. This is attributable to the presence of leading players such as Alltech Inc., Archer Daniels Midland Company, and others that are developing innovative feed yeast products in the region.
The market in Asia-Pacific is expected to showcase considerable growth backed by the growing demand for poultry farming that promotes the adoption of superior quality feed yeast products in the region between 2020 and 2027.
Product Launches by Major Companies to Intensify Competition
The global feed yeast market is consolidated by the presence of major companies that are focusing on introducing novel feed yeast products to gain a sizeable amount of share and further maintain their dominance. Additionally, other key players are leveraging the opportunities provided by the global marketplace by adopting strategies such as partnership, merger and acquisition, and collaboration that will propel the demand for advanced feed yeast products during the forecast period.
- November 2020 – ELEMENT LLC, a prominent biofuels producer, announced the production ANDVantage 50Y, a yeast-enriched, 50% protein animal feed. According to the company, the product is expected to cater to the growing global demand for superior quality protein animal feed.
List of Companies Operating in the Global Market for Feed Yeast:
- Associated British Foods Inc.
- Archer Daniels Midland Company
- Cargill Inc.
- Alltech Inc.
- Angel Yeast Company
- Land O’ Lakes
- Nutreco N.V.
- Diamond V