Download
1 / 6
60 likes | 69 Views
This growth is driven by a rise in meat consumption due to cultural dietary factors and the importance of meat as a symbol of a family's wealth in the MEA region.
E N D
Animal Feed Yeast Market Worth $3.5Bn by 2032 Global Market Insights Inc.
Overview of Animal Feed Yeast Market • Animal Feed Yeast Market is speculated to showcase considerable growth through 2032 owing to soaring consumption of dairy products across the globe. In addition, the expanding scope of application in the livestock sector, along with government emphasis on improving animal feed quality, is likely to augment market growth over the forecast period. • The COVID-19 pandemic had a positive impact on market dynamics as demand for yeast additives increased drastically due to rising awareness regarding the cost-effectiveness and health benefits of yeast in animals. Moreover, in 2022, beef production in Brazil reached over 9.5 million tons, indicating exponential export potential. • Notably, key industry players have been engaging in R&D initiatives, strategic growth partnerships, expansion of production labs, and other approaches to bolster their business standing, thereby accelerating overall market growth. For instance, in February 2021, Alltech Inc., an Agri-tech company, announced a new joint venture with DLG Group with the acquisition of Karki-Agri, a Finnish company, to provide advanced animal nutrition in Scandinavia. Global Market Insights Inc.
Continue… • The animal feed yeast market has been bifurcated in terms of product, application, and region. Based on product, the industry has been divided into dried inactive yeast, yeast culture, hydrolyzed yeast, active dry yeast, autolyzed yeast, live yeast, and yeast beta-glucan. The live yeast segment size is estimated to cross a valuation of $390 million by 2032 due to rising awareness regarding the relationship between adequate fiber digestion and optimal milk yield. • With respect to application, the animal feed yeast market has been classified into aquaculture, poultry, cattle, swine, pet food, equine, and others. The equine segment surpassed $31.5 million in revenue in 2022 and is foreseen to expand steadily in the coming years due to surging emphasis of livestock nutritionists on incorporating healthy feed ingredients. • On the other hand, the swine feed segment is slated to attain over 7% gains by 2032 on account of supportive efforts of swine feed producers on R&D programs to improve the growth performance of pigs as yeast maintains microbial equilibrium in swine guts & enhances digestion. Global Market Insights Inc.
Continue… • In the regional context, the Latin America animal feed yeast market is expected to grow at over 4.5% CAGR from 2023 to 2032. Regional market trends, including snowballing adoption of industrial meat production techniques and the dependence of the domestic food chain on bovine, pork, and poultry products, coupled with escalating beef export, are set to boost LATAM market potential. • Meanwhile, the Middle East & Africa animal feed yeast industry is poised to exceed $155 million in revenue by 2032. This growth is driven by a rise in meat consumption due to cultural dietary factors and the importance of meat as a symbol of a family's wealth in the MEA region. • Notable participants in the Animal Feed Yeast market include: Lesaffre Group, Angel Yeast, Archer Daniel Midland Company, Trouw Nutrition, Alltech Inc, Biorigin, Novus International Inc., and Lallemand Global Market Insights Inc.
Browse Full Research Report On Animal Feed Yeast Market@ http://bit.ly/3ldFZcI Request for a sample of this research report @ http://bit.ly/3laxdfA Global Market Insights Inc.
Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.
