Feed yeast assists as a natural growth promoter due to its natural origin and is gaining popularity among the feed additives owing to their beneficial effects on immune system and livestock growth performance. Feed yeast is identified to be an effective alternative to the conventional antibiotics used in the poultry production.
Growing health concerns and increasing meat consumption around the globe driving the market growth
Growing health concerns among the increasing global population together with increasing awareness about the benefits of using yeast in livestock feed are expected to uplift the demand for feed yeast. Increasing consumption of meat products is additionally fueling the growth of the global feed yeast market. Shifting consumer preferences towards a healthy diet, natural products, and increasing meat consumption are driving the market growth by supporting the sale across the globe. Additionally, the enhancement of the product coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the feed yeast market during the forecast period, 2019-2025.
Probiotic yeast dominated the global feed yeast market by type in 2018
Rising consumer awareness regarding healthier diets and calorie reduction in major markets such as U.S., Europe, and China are expected to promote probiotic yeast market in the upcoming years. This will also drive demand for the global feed yeast market. Increasing awareness regarding the importance of appropriate protein intake is expected to remain a driving force over the forecast period. The improvement in feed utilization and rumen fermentation may also result in increased milk yield and animal performance.
By livestock, poultry segment accounted for the largest market share in 2018
The increase in livestock production systems has resulted in serious environmental impact due to emission of greenhouse gases and the option of transfer of zoonotic diseases to humans. Initially, antimicrobial drugs used as feed additives to overcome these challenges led to the rise of resistant pathogens and have now been banned. The current tendency in animal nutrition is to provide feed that meets nutritional needs, upholds healthy status and minimizes the possibilities of infection. Various feed yeast types such as probiotic yeast, specialty yeast have been described by many researchers to be an effective natural strategy towards improving an animal’s health and performance. Reduction in the use of antibiotics is expected to boost the demand for the yeast-based products by poultry sector.
Asia Pacific held the majority of feed yeast market share and is also expected to be the fastest
Asia-pacific region is expected to be the fastest growing sector in the feed yeast market due to high production of livestock in countries like China, Japan, and India. China is the greatest market in terms of animal husbandry. The demand for meat and poultry production is spurring intensively in Japan, India and rest of APAC regions. The Asia-Pacific market for pets is blooming due to increased affection towards pet over the past years. Department stores and supermarkets, of the pet on the other hand, are seeing rapid growth with increasing number of pet sales. Aquaculture in Asia pacific region continues to grow, and research is largely focused on reducing the environmental impacts of aquaculture. The aquaculture sector will further improve through promoting better management, implementing “green” certification (eco-certification) and providing professional training. Further, the continuous development of new technologies will promote the refinement and advancement of the system of fisheries research and extension in Asia pacific region. Possible areas of future scientific research and development include offshore and deep-water cage culture, intensive farming, health management, and feeding and nutrition. The Chinese aquaculture is also expected to become more open to the outside world.
The major companies operating in the feed yeast market include Associated British Foods PLC., Archer Daniels Midland Company, Alltech Inc., Cargill, Nutreco N.V., Lesaffre Group, Lallemand Inc., Novus International, Angel Yeast Co Ltd., Chr. Hansen, Zilor (Biorigin), Kerry Group, Kemin Industries and among others.
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