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Feed Yeast Market Market by Product Type (Live, Spent and Yeast Derivatives)
The Global Feed Yeast Market is valued at US$ 649.5 Million for 2023 and is predicted to expand at growth rate of 9.0% during 2023 to 2033. PMR analysis anticipates that the feed yeast market is likely to touch valuation of around US$ 1,002 Million by end of 2033.
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Feed Yeast Market Size (2023E) |
US$ 649.5 Million |
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Projected Sales of Feed Yeast (2033F) |
US$ 1,002 Million |
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Value CAGR (2023 to 2033) |
9.0% |
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Value Share of Top 4 Countries (2022 A) |
39.8% |
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During (2018 to 2022), the global feed yeast market expanded at 7.3% value CAGR and recorded the sales of around US$ 544.5 Million for base year 2021. Furthermore, the feed yeast market in North America registered the highest value share of around 28.2% during historical period of assessment.
Feed yeast is a microorganisms solutions which are used in animal feed and nutrition to improve the health and nutritional solutions to the animal. The feed yeast is obtained from the mostly saccharomyces cerevisiae or brewer’s yeast and further used in different form to fed the animals.
Global feed yeast market is mainly driven by its offering of health and nutritional benefits to the multiple animal species. The different microorganism are gaining the rapid traction in animal feed industry as it is considered a health friendly microbial solutions. The feed yeast is widely recognized as a healthy microbial solution as dried yeast, yeast culture, yeast extracts are mostly used yeast products in animal yeast.
Additionally, in the animal feed industry, growth has been increasing from last few years due to shifting of manufacturers as well as customer interest towards the nutritious feed ingredients. Feed Yeast is major part of these type of ingredients and used for the various feed applications.
The global demand for feed yeast is estimated to grow at higher rate of 9.0% CAGR in the forthcoming years, owing to increasing use of yeast as a nutritional supplement for livestock and ban on antibiotics in feed as a growth promoter.
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A nutritious animal feed is among the vital requirements for cattle farmers, pet owners, equine-related manufacturers, and others. Compound feed is fulfilling the requirement of these customers, which contains a mixture of cereals, protein meals, feed supplements, and other additional ingredients.
Additionally, compound feed provides the right balance of nutrients, which positively impacts the productivity and health of animals. Feed supplement is also added in compound feed to meet the requirement of additional vitamin and protein in feed. Yeast-based ingredients are a prominent source of high protein, amino acids, energy, and micronutrient content.
“‘Microbial Protein Sources Opening New Avenues for Feed Yeast Market”
Microbial sources of protein is the new alternative that is being used for animal feed. Protein is one of the essential nutrients for different animal species, especially for those that are involved in high intensity work. Brewer’s yeast contains 46.5% crude protein, which is similar to grain-based protein source soybean meal. Moreover, microbial sources also contain high concentration of amino acids and energy.
“Antibiotics Replacement Positively benefiting Feed Yeast Sales”
Antibiotics are mainly used for livestock in order to promote animal production and improve feed efficiency. But from the past few years, the use of antibiotics for livestock has been declining, as it is associated with negative impact on humans and environment health. Antibiotics are mostly used in the poultry sector, as there is high consumption of poultry meat across the world, However, the use of antibiotics has been banned in the U.S. from 2017.
Yeast-based ingredients are ideal replacements of antibiotics, as they improve digestion and offer vital nutrients to the animals. The trend of replacing antibiotics is positively impacting the demand for feed yeast.
“Utilization of Advanced Ingredients for Animal Nutrition”
Research and development is among the major factors beneficial for the animal feed industry. Compound animal feed contains cereals, cakes, oils, vitamin supplements, plant protein, and other additional ingredients. Additional ingredients could benefit the animal feed by increasing its functional properties.
For instance, brewer’s yeast is a most-commonly used ingredient in animal feed as a specialty amino acid, vitamin, and mineral supplement. Dried yeast is another ingredient that is widely used in the animal feed industry to improve the digestion of various animals.
Which regions are dominating the global Feed Yeast market?
North America and Europe are dominating the global feed yeast market with the value share of above 50% for 2023. The value for North America and Europe is valued at US$ 187.7 Million and US$ 175.6 Million for 2023.
What is consumption outlook for feed yeast in Latin America?
The feed yeast market is valued at US$ 101.5 Million in Latin America Market for 2023 and the market in Latin America is anticipated to grow at 9.9% owing to growing popularity of different animal nutrition such as probiotics, fed microbial, and others.
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Which form of feed yeast is gaining high demand in the global market?
On the basis of form, the feed yeast market is bifurcated into fresh and dry. The dry feed yeast is gaining high demand in the global landscape and is valued at US$ 314.4 Million for 2023.
Which livestock is most preferred by the manufacturers in the global feed yeast market?
On the basis of livestock, the feed market is segmented into live, spent, yeast derivatives, poultry, ruminants, swine, aquatic animals, and other livestock animals. Among all livestock, the poultry type segment is seeking strong demand in the global market and is predicted to grow at value CAGR of 10% in the forthcoming years.
Major manufacturers in feed yeast market research focused and mostly strategizing on offering the innovative feed yeast products. The leading market players including the Alltech Inc., Cargill Incorporated, Archer Daniels Midland Company are, apart from the innovation, also focusing on acquisition and business expansion strategy.
With the ongoing trend of increased predilection to seeking out nutritious and healthy feed supplement, manufacturers are taking innovative approaches and continue to seek out ways to provide the higher quality of feed yeast to the animal feed manufacturers.
With the poultry and livestock production is rising across the world, as the consumption of these products is increasing has amplified the demand for yeast derivatives, yeast extract, and dried yeast in the global market. Manufacturers are focusing to strengthen its production capabilities and produce innovative products with the support of research and development, as well as advance technology in the global market.
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Details |
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Forecast period |
2023 to 2033 |
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Historical data available for |
2018 to 2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
By Product Type:
By Livestock:
By Form
By Region:
The global market for Feed Yeast has a value of US$ 649.5 Mn 2023.
The global market for Feed Yeast has a value CAGR of 7.3% from 2018-2022.
The global market for Feed Yeast has a value of US$ 1,002 Mn in 2033.
The global market for Feed Yeast has a value CAGR of 9.0% from 2023-2033.
Cargill, Incorporated U.S., Archer Daniels Midland Company and Angel Yeast Co., Ltd China are the major players operating in the global feed yeast market.
