The report "Feed Yeast Market by Type (Yeast Derivatives, Probiotic Yeast, Brewer’s Yeast, and Specialty Yeast), Livestock (Ruminants, Swine, Poultry, Aquatic Animals, Pets and Equine), Genus , and Region - Global Forecast to 2025" size is projected to reach USD 2.3 billion by 2025, which was estimated at USD 1.8 billion in 2020; it is expected to grow at a CAGR of 5.1% from 2020. The market is driven by factors such as ban on the use of antibiotics in feed as a growth promoter and increasing use of yeast as a nutritional supplement for livestock. Also, rising concern regarding animal health and feed quality has been driving the growth of this market.
- Determining and projecting the size of the market with respect to type, livestock, genus, and region over a five-year period from 2020 to 2025
- 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
Market Dynamics
Driver: Increasing nutritional benefits from yeast-based feed products
Ample quantity of yeast is present in the environment. Some yeasts are isolated from natural products such as honey, fruits, soil, water, flowers, leaves, and stems. Feed ingredients such as grains, silage, and hay also have yeasts present in them. Most of the yeast species have no impact on animals and humans, while some have negative or positive effects. It has been observed that yeasts such as Saccharomyces cerevisiae, Kluyveromyces marxianus, and Candida utilis have a positive impact on animal health; they provide nutrition to animals and thus are used as feed additives. Besides application in animal feed, there are many commercial applications of different yeast genera in various industries such as brewing, bakery, food and flavoring, pharmaceutical, and bioethanol fuel production.
Challenge: Commercialization of duplicate and low-quality products
Lack of transparency in patent protection laws and regulatory compliance in various countries have led to the duplication of products. Low-quality products are also introduced in the market by regional or local manufacturers to reap the benefits of the growing demand for feed yeast. Duplicate and low-quality products can create health issues in the livestock and are a big concern for the producers. There are many small players in the developing markets of Asia Pacific that offer yeast-based feed ingredients without any brand name, and somehow increase their profits by selling unauthorized duplicate products. These local manufacturers attract the feed producers as well by offering lower prices for their low-quality feed yeast ingredients.
The Saccharomyces spp. segment is estimated to dominate the market during the forecast period.
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 2019 and witnessed high demand for use in feed yeast production.
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Asia Pacific is projected to be the fastest and largest-growing region in the feed yeast market.
As per the FAO figures of 2019, the consumption rate of meat products in East Asia had witnessed rapid growth. The consumption rate reached 50 kg per person in 2015 from nearly 9 kg per capita in the 1960s. However, the ban on the use of antibiotics as a growth promoter in the livestock sector across the European and North American countries has indirectly impacted the Asia Pacific countries. This has encouraged key companies of feed additives to develop natural growth promoters and health supplements. Since the ban, the livestock producers had identified innovative ways to promote animal production through products with similar benefits by replacing antibiotic growth promoters with microbial-based feed additives, which possess antibiotic properties. Many key players such as Lallemand Inc. (Canada) and Angel Yeast (China) are focusing on tapping the Asia Pacific market by setting up their feed additive manufacturing units.
Key Market Players:
Many domestic and global players provide feed yeast to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in the global market are Associated British Foods PLC. (UK), Archer Daniels Midland (US), Alltech Inc. (US), Cargill, Incorporated (US), Angel Yeast Co. Ltd. (China), Chr. Hansen (Denmark), and Lesaffre (France), Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.
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