The global feed yeast market size was valued at USD 1.8 billion in 2020 and is projected to reach USD 2.3 billion by 2025, recording a CAGR of 5.1% during the forecast period. The feed yeast industry has been gaining traction due to a confluence of progressive developments. The implementation of restrictions on the use of antibiotics as a means of promoting animal growth has propelled the demand for alternative solutions. This, in turn, has led to a heightened interest in yeast as a dietary supplement for livestock, providing them with the essential nutrients they need to thrive. Additionally, a growing awareness of the importance of animal health and the quality of feed has further fueled the growth of the feed yeast market. This convergence of factors has created a dynamic and thriving industry that is poised for continued success in the years to come.
Feed Yeast Market Drivers
- Growing Demand for Livestock and Poultry Products: The increasing demand for meat, dairy products, and eggs is driving the demand for yeast as a feed additive in the livestock and poultry industry.
- Increase in Global Population: The growing global population is leading to an increase in demand for food, which is driving the demand for yeast as a feed additive to enhance the growth and productivity of livestock and poultry.
- Rise in Awareness about Animal Nutrition: The growing awareness about the importance of animal nutrition is driving the demand for yeast as a feed additive to improve the health and wellbeing of livestock and poultry.
- Growing Popularity of Organic Farming: The increasing popularity of organic farming is driving the demand for yeast as a natural and organic feed additive.
- Increase in Consumer Awareness about Food Safety: The growing consumer awareness about food safety is driving the demand for yeast as a feed additive to ensure the safety and quality of meat and dairy products.
- Technological Advancements in Yeast Production: The advancements in yeast production technology have made yeast more affordable and accessible, leading to an increase in its demand as a feed additive.
With the introduction of stringent regulations, Europe is estimated to be the second largest market during the forecast period.
The feed yeast market in Europe is driven by the introduction of stringent regulations pertaining to the use of antibiotics in feed. Increasing awareness about the benefits of feed yeast is projected to contribute to the market growth. The high demand for quality and nutrient-rich feed in the European countries has led to the high demand for feed yeast among farmers. Moreover, the European legislators are also concerned about food and animal safety and thus have implemented many safety laws for the same. With high concerns related to animal health, the EU government has put a ban on the use of antibiotic growth promoters in feed due to its negative impact on animal health as well as on the health of human consumers. For the replacement of those antibiotics, naturally-sourced feed ingredients that have antibiotic properties such as feed yeast were developed by manufacturers.
This report includes a study of the development strategies of leading companies. The scope of this report includes a detailed study of feed yeast manufacturers such as Associated British Foods PLC. (UK), Archer Daniels Midland Company (US), Alltech Inc. (US), Cargill (US), Lesaffre (France), Angel Yeast Co. Ltd. (China), and Lallemand Inc. (Canada)
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