What is Global Animal Feed Yeast Market?
The Global Animal Feed Yeast Market is a burgeoning sector that has seen significant growth in recent years. This market revolves around the production and distribution of yeast, a type of fungus, for animal feed. Yeast is a rich source of proteins, vitamins, and minerals, making it an excellent supplement for animal diets. It aids in improving animal health, enhancing their immune system, and increasing productivity. The market's value was estimated at US$ 1610 million in 2023, and it is projected to reach US$ 2284.5 million by 2030. This growth is driven by the increasing demand for quality animal feed and the rising awareness about animal health and nutrition. The market is also influenced by the growing livestock population and the rising consumption of animal-based products.
Live Yeast, Spent Yeast, Yeast Derivates, Others in the Global Animal Feed Yeast Market:
The Global Animal Feed Yeast Market is segmented into Live Yeast, Spent Yeast, Yeast Derivatives, and Others. Live yeast is a natural and rich source of vitamins and proteins, which helps improve the overall health and productivity of animals. Spent yeast, on the other hand, is a by-product of the brewing industry and is used as a cost-effective feed supplement. Yeast derivatives are processed products that contain the beneficial components of yeast, such as beta-glucans and mannan-oligosaccharides. These products are used to enhance the immune system of animals and improve their digestive health. The 'Others' segment includes various other types of yeast used in animal feed.
Poultry, Aquatic, Livestock, Others in the Global Animal Feed Yeast Market:
The Global Animal Feed Yeast Market finds its applications in various sectors such as Poultry, Aquatic, Livestock, and Others. In the poultry sector, yeast is used to enhance the nutritional value of feed, improve gut health, and increase egg production. In the aquatic sector, yeast is used as a protein source and to improve the immune system of aquatic animals. In the livestock sector, yeast is used to enhance the quality of milk, meat, and wool. The 'Others' segment includes various other applications of yeast in animal feed.
Global Animal Feed Yeast Market Outlook:
The Global Animal Feed Yeast Market has shown a promising growth trajectory. In 2023, the market was valued at US$ 1610 million. With a steady Compound Annual Growth Rate (CAGR) of 5.2%, it is projected to reach a value of US$ 2284.5 million by 2030. This growth can be attributed to the increasing demand for high-quality animal feed and the rising awareness about the importance of animal health and nutrition. Furthermore, the global pet industry, which reached a staggering $261 billion in 2022, has also contributed to the growth of this market. This represents a year-on-year increase of 11.3%, indicating a growing interest and investment in pet care and nutrition.
| Report Metric | Details |
| Report Name | Animal Feed Yeast Market |
| Accounted market size in 2023 | US$ 1610 million |
| Forecasted market size in 2030 | US$ 2284.5 million |
| CAGR | 5.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Lesaffre, Cargill, Lallemand, Alltech, Nutreco, Angel Yeast, Archer Daniels Midland (ADM), ABF Ingredients, Diamond V Mills, Chr. Hansen, Pacific Ethanol, Biomin, Leiber GmbH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
