Feed Yeast Market Projected to Reach $2.1 Billion by 2023, at a CAGR of 5.27%

The report "Feed Yeast Market by Type (Probiotic Yeast, Brewer’s Yeast, Specialty Yeast, and Yeast Derivatives), Livestock (Cattle, Swine, Poultry, Aquatic Animals, and Pets), Genus (Saccharomyces spp. and Kluyveromyces spp.), and Region - Global Forecast to 2023", The feed yeast market is projected to reach USD 2.1 billion by 2023, from USD 1.7 billion in 2018, at a CAGR of 5.27% during the forecast period. The market is driven by factors such as ban on the use of antibiotics in feed and increasing use of yeast as a nutritional supplement for livestock.

Report Objectives:

• Determining and projecting the size of the feed yeast market with respect to type, livestock, genus, and region over a five-year period from 2018 to 2023
• Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
• Analyzing the demand-side factors on the basis of the following:
• Impact of macro- and microeconomic factors on the market
• Shifts in demand patterns across different subsegments and regions
• Understanding the competitive landscape for a comparative analysis of market leaders and identifying the key market shareholders across the industry.
• Analyzing regulatory frameworks across regions and their impact on prominent market players
• Providing insights on key investments in technology innovations

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The use of yeast derivatives for feed production is projected to remain high during the forecast period.

Beta-glucans, nucleotides, and mannooligosaccharides are the major yeast derivatives that exhibit efficient pathogen binding capacity, which restricts the growth of pathogens in the animal body. In addition, beta-glucans are the type of yeast derivatives that trigger the immune response in the animal body. The health benefits associated with the use of yeast derivatives as a feed additive increases its demand in the feed industry. Thus, the yeast derivative segment is projected to record the highest CAGR from 2018 to 2023.

The Saccharomyces Spp. segment is estimated to dominate the feed yeast market in 2018.

Saccharomyces Spp. such as Saccharomyces cerevisiae and Saccharomyces boulardii are majorly used for yeast production and is used as one of the most important ingredients in feed. With the increasing demand for natural growth promoters for animals, the preference for Saccharomyces Spp. has increased as it is considered to be one of the best sources for nutritional yeast. The Saccharomyces Spp. segment accounted for the highest share in the feed yeast market in 2017 and witnessed high demand for use in feed yeast production.

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With the introduction of stringent regulations, Europe is estimated to dominate the feed yeast market in 2018.

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).

Integration of Artificial Intelligence and Big Data in Farming Drives the Smart Harvest Market

The report "Smart Harvest Market by Site of Operation (On-field, Greenhouse, Indoor), Component (Harvesting Robots, Automation & Control Systems, Imaging Systems, Sensors, Software), Crop Type (Fruits and Vegetables), and Region - Global Forecast to 2023"The smart harvest market is projected to reach USD 15.6 billion by 2023, from USD 9.0 billion in 2018, at a CAGR of 11.81% during the forecast period. The market is driven by factors such as growing farm labor issues due to higher costs and availability, and cost efficiency benefits offered by smart harvest systems.

Report Objectives:

• To describe and forecast the smart harvest market, in terms of component, site of operation, crop type, and region
• To describe and forecast the smart harvest market, in terms of value, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World-along with their respective countries
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of smart harvest
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart harvest ecosystem
• To strategically profile key players and comprehensively analyze their market position in terms of core competencies, along with detailed competitive landscape for market leaders
• To analyze strategic approaches such as product launches, agreements, and partnerships in the smart harvest market

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Harvesting robots are projected to have the fastest growth among hardware in the smart harvest market during the forecast period.

Harvesting is one of the important phases of farming and requires great amount of bending and lifting through manual labor. Additionally, labor shortage affects the overall yield output. To cater to this issue, manufacturers have introduced autonomous harvesting robots that harvests fruits and vegetables with little or no human intervention. Although majority of the manufacturers have harvesting robots in the testing phase and are designed to harvest limited fruits and vegetables, however, these smart harvest robots are expected to launch in the market for sales during the forecast period, with enhanced functionalities. With increasing labor shortage and need to reduce labor costs, the demand for smart harvesting robots is projected to be high and witness highest growth during the forecast period. 

By site of operation, indoor segment is estimated to dominate the smart harvest market in 2018.

The indoor segment includes container farming and vertical farming, which requires a controlled environment. The systems are reliant on multiple sensors installed throughout to understand the surroundings and navigate across the work area. High-resolution multi-spectral cameras and imaging sensors observe and monitor the produce to determine the time for harvest. Given the substantial growth of indoor farming practices, it is expected to pose strong growth opportunities for smart harvest systems over the next decade.

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Europe is projected to dominate the smart harvest market by 2023.

The smart harvest market in Europe is projected to witness significant growth during the forecast period due to the prospect of increasing production, labor shortage issues, development of smart technologies, and their adoption in agriculture. The developed countries in the European Union are in the forefront of adopting smart harvest technologies in a bid to improve the production output and reduce the costs associated with harvesting. Additionally, the development of smart harvest technologies is being actively encouraged, driven by both public and private programs to bring about the commercialization of these technologies. Projects such as the CROPS (Clever Robots for Crops), SWEEPER (Sweet Pepper Harvesting Robot), and the Handsfree Hectare project highlight the industry efforts to develop and commercialize the deployment of smart harvest systems in the region.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Robert Bosch GmbH (Germany), Deere & Company (US), Smart Harvest Ltd. (UK), Dogtooth Technologies (UK), Harvest Automation (US), Panasonic Corporation (Japan), Root AI (US), Abundant Robotics (US), Iron Ox (US), Agrobot (Spain), Energid Technologies Corp. (US), FFRobotics (Israel), Vision Robotics Corp. (US), Metomotion (Israel), AVL Motion (Netherlands), and Harvest Croo (US).