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Feed Yeast Market Segmented By Live, Spent, Yeast Derivatives Product Type for Poultry, Ruminants, Swine, Aquatic Animals Livestock in Fresh, Dry, Instant Form
Antibiotics are mainly used in feed for livestock such as poultry to promote animal production and improve feed efficiency. However, use of antibiotics in livestock feed is reducing, as it is associated with negative impacts on human health and environment. Use of antibiotics in animal feed is banned in the U.S. from 2017.
Yeast-based ingredients are perceived as a perfect replacement for antibiotics, as they improve digestion and provide vital nutrients such as protein and vitamins to animals. Rising demand from the poultry segment for yeast feed due to increasing consumption of meat products worldwide is expected to boost growth of the feed yeast market.
Direct Fed Microbial is becoming a vital ingredient in animal nutrition applications. It is increasingly adopted by cattle owners, poultry farmers, pet owners, and others, as it is associated with multiple health benefits along with enhancements in performance.
The concept of direct fed microbial includes feeding beneficial microbes such as live yeast to animals, which stimulates the immune system of the animals and provides essential nutrients. Yeast-based supplements containing Saccharomyces cerevisiae are widely used as direct fed microbial for different animal species.
Live yeast supplements are extensively used as direct fed microbial to boost health of dairy cows and improve performance and milk yield. Yeast culture is also beneficial for enhancing fermentation and digestion activities in rumen, which is the stomach of a ruminant.
Increasing research and development efforts by manufacturers on microbial also contributes to the development of new yeast supplements for direct fed microbial, and subsequently boosts demand for feed yeast in the animal feed industry.
East and South Asia are projected to witness the high growth rate in global feed yeast market during the forecast period of 2019-2029, attributable to the thriving animal feed and nutrition industry in both regions. Substantial growth of the feed additives industry in both regions also contributes to growth of the feed yeast market.
Growing meat consumption in South Asia boosts demand for feed yeast on back of the high demand from the poultry sector. The Middle East and Africa is also a noteworthy region that is projected to witness a significant growth rate in the feed yeast market during the forecast period, attributable to increasing animal feed production in this region over the past few years.
Europe and North America account for a significant market share in the feed yeast market, owing to rising demand from the highly developed animal nutrition industry in both regions. North America is witnessing higher feed production and growing adoption of microbial sources in the animal nutrition industry.
In Europe, yeast-based ingredients are conventionally used in feed products, making it a mature market for feed yeast. Advancements in research and developments for feed yeast in these regions is expected to promote used of feed yeast in the foreseeable future.
The global feed yeast market is witnessing a significant growth rate, with East Asia and South Asia anticipated to show substantial growth during the forecast period. Increasing use of microbial sources in animal nutrition is expected to contribute to growth of the global feed yeast market in the foreseeable future.
Leading market players such as Alltech Inc. and Cargill, Incorporated are strategically developing innovative yeast-based ingredients for animal nutrition and are focusing on acquisitions to strengthen their position in feed yeast market. Quality enhancement and improvement of the supply-chain are other strategies adopted by key players in the market.
However, the high cost of maintenance of feed yeast is among the factors which are expected to restrain the growth of feed yeast market.
PMR’s study on the global feed yeast market offers information divided into four segments- product type, livestock, form, and region.