USD 319.46 billion
Global Yeast Extracts For Animal Feed Market Size, Share, Growth Analysis, By Application(Poultry, swine), By Form of Yeast extracts(Powder, paste), By Source of Yeast extract(Baker yeast, Brewers yeast) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2070 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
93 |
Figures:
76
Global Yeast Extracts For Animal Feed Market Insights
Global Yeast Extracts for Animal Feed market size was valued at USD 319.46 billion in 2022 and is poised to grow from USD 342.17 billion in 2023 to USD 592.77 billion by 2031, at a CAGR of 7.11% during the forecast period (2024-2031).
Yeast Extracts For Animal Feed are becoming popular since It is a rich source of nutrients, including essential amino acids, vitamins, and minerals, which make them excellent ingredients for animal feed. The various advantages of yeast extracts are improved digestibility, increased palatability, health benefits, reduced dependence on antibiotics and cost-effectiveness.
Yeast extracts can enhance the digestibility of animal feed by providing a diverse range of enzymes that help to break down feed components. As a result, this may lead to improved nutrient absorption, which can contribute to better growth and overall health of the animals. They are known to possess antimicrobial properties that have been scientifically proven to be effective against various types of harmful bacteria. These antimicrobial properties are particularly significant in the context of animal feed because they can help to reduce the need for antibiotics. The overuse of antibiotics in animal feed has led to growing concerns about antibiotic resistance, which is a serious threat to both animal and human health. By using yeast extracts as a natural alternative to antibiotics, animal producers can reduce the risk of creating antibiotic-resistant strains of bacteria in their animals. This is because yeast extracts work by inhibiting the growth and proliferation of harmful bacteria, without affecting the beneficial microorganisms in the animal's digestive system. This not only helps to maintain the health and well-being of the animals but also ensures that they produce safe and healthy products for human consumption. Moreover, they are known for their distinct, savory flavor, which makes them an appealing ingredient for animal feed. This flavor profile can help to enhance the taste of animal feed, making it more palatable and enjoyable for animals. As a result, animals may consume more feed, leading to improved feed intake and better growth rates. Improved feed intake is essential for maintaining animal health and promoting optimal growth. When animals enjoy the taste of their feed, they are more likely to eat more and consume the necessary nutrients they need for growth and development. Additionally, yeast extracts contain a variety of beneficial compounds such as amino acids, vitamins, and minerals that can support animal health and well-being. The enhanced flavor and improved nutrient profile of yeast extracts can benefit various animal species, including poultry, swine, and dairy cattle. It is important to note that animals have individual preferences when it comes to feed taste and composition, and so the level of improvement in feed intake and growth rates may vary.
US Yeast Extracts For Animal Feed Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Poultry.
Fastest Growth
Poultry.
Growth Rate
7.11% CAGR
Global Yeast Extracts For Animal Feed Market 2022-2030 ($ Bn)
Country Share for Asia pacific Region- 2021 (%)
Global Yeast Extracts For Animal Feed Market Size By Application 2022-2030 ($ Bn)
Global Yeast Extracts For Animal Feed Market Size By Application 2022-2030 (%)
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Global Yeast Extracts For Animal Feed Market Segmental Analysis
Global Yeast Extracts For Animal Feed market is segmented on the basis of Application, a form of yeast extract, source of yeast extract, functionality, and region. By Application, the market is segmented into Poultry, swine, ruminants, aquatic animals, and others. By Form of yeast extract, the Yeast Extracts For Animal Feed Market is segmented into Powder, paste, liquid, and others. By Source of yeast extract, the market is segmented into Baker yeast, Brewers yeast, and others. By region, the Yeast Extracts For Animal Feed Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Yeast Extracts For Animal Feed Market Analysis by Application type
The segment that is dominating the Yeast extracts for animal feed market is the poultry application, which held a largest revenue share of over in 2021 and is expected to continue its growth trajectory at the fastest rate during the forecast period. The growth of this segment is mainly due to the rising global demand for broiler meat. Broiler meat is a rich source of protein, minerals, and vitamins that aid in muscle building and bone strengthening, making it highly beneficial for consumption. The swine segment held the second-largest revenue share in 2021, attributed to the increasing demand for swine meat.
Saccharomyces cerevisiae is a key source of probiotics, such as β-glucan, that aid in growth performance and health of swine. The modulation of immunity and absorption of mycotoxin helps to improve the health of pigs. β-glucan derived from Saccharomyces cerevisiae can also prevent Enterotoxigenic Escherichia Coli (ETEC) infection in swine. Pork is the second-most consumed meat globally; however, pandemics like swine flu could impact its consumption in the future, leading to a decrease in demand for yeast extracts in the long run.
Global Yeast Extracts For Animal Feed Market By Application 2022 (%), 2023 (%)
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Global Yeast Extracts For Animal Feed Market Regional Insights
In 2021, Asia Pacific was the dominant region in the Yeast Extracts For Animal Feed market, accounting for a revenue share of more than 31.00%. The growth in this region can be attributed to various factors, including dietary changes, population growth, and rapid urbanization, which have led to an increase in the production of livestock products. Moreover, Asia Pacific is one of the major pig-breeding regions, requiring a high quantity of animal feed. China, in particular, has the largest live pig population in the world.
Over the years, China's livestock industry has grown significantly, with a shift in diets towards animal proteins. As a result, China has become one of the prominent manufacturers of animal feed and livestock products, with rapid growth in feed production for sheep, aquaculture, egg-laying poultry, and cattle. These factors have contributed to the dominance of Asia Pacific in the Yeast Extracts For Animal Feed market.
Global Yeast Extracts For Animal Feed Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Yeast Extracts For Animal Feed Market Dynamics
Yeast Extracts For Animal Feed Market Drivers
Rising concern about Antibiotic Resistance to Bolster Market Growth
- There are growing concerns about the overuse of antibiotics in animal feed, which has led to the development of antibiotic-resistant bacteria. Antibiotic resistance is a serious threat to both animal and human health, as it can make infections more difficult to treat and lead to increased mortality rates. As a result, there is a growing need for alternative solutions to promote animal health and reduce the reliance on antibiotics. Yeast extracts are a natural alternative to antibiotics that have been shown to possess antimicrobial properties. These properties can help to inhibit the growth and proliferation of harmful bacteria, without affecting the beneficial microorganisms in the animal's digestive system. This not only promotes animal health but also reduces the risk of creating antibiotic-resistant strains of bacteria. By using yeast extracts in animal feed, producers can reduce the need for antibiotics and promote a more sustainable and responsible approach to animal health. This can benefit both animal and human health by reducing the risk of antibiotic resistance and ensuring the safety of animal products for human consumption.
Yeast Extracts For Animal Feed Market Restraints
Limited Availability is Hindering Market Growth
- The availability of yeast extracts may be restricted in some areas, which could hinder its widespread adoption in certain markets. Due to limited production capacity, yeast extracts may not be readily accessible to all regions, which could pose challenges to manufacturers who rely on this ingredient for their products. As a result, alternative ingredients may need to be considered in these areas, which could impact the overall taste and quality of the final product. It is important for producers to consider the availability of yeast extracts when developing products for different markets to ensure that they can meet consumer demand and maintain consistency in their product offerings.
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Global Yeast Extracts For Animal Feed Market Competitive Landscape
The yeast extracts for the animal feed industry is fiercely competitive, with a multitude of companies operating within the market. These companies provide a diverse range of yeast extract products that cater to the specific dietary requirements of various animal species, including cattle, swine, and poultry. The market is characterized by intense rivalry regarding product quality, distribution, and pricing. One of the main drivers of competition in this market is the escalating demand for premium quality animal feed products. Consumers are increasingly aware of the influence of animal feed on the safety and quality of animal-based food products. As a result, animal feed manufacturers are under pressure to produce high-quality feed that conforms to the highest safety and quality standards. This has created a need for high-quality yeast extracts that can enhance the nutritional value of animal feed and promote the general health and well-being of animals. Moreover, competition in this market is also intense in terms of pricing. With many players operating within the market, manufacturers are constantly exploring strategies to offer competitive pricing without compromising on product quality. Consequently, there is a trend of consolidation within the market, with larger companies acquiring small businesses to benefit from economies of scale and reduced production costs.
Yeast Extracts For Animal Feed Market Top Player’s Company Profiles
- Lesaffre Group
- Kerry Group plc
- Angel Yeast Co., Ltd.
- Alltech, Inc.
- Lallemand Inc.
- ADM Animal Nutrition
- AB Mauri India Pvt. Ltd.
- Novus International, Inc.
- Biovet JSC
- Oriental Yeast Co., Ltd.
- Biorigin
- Titan Biotech Ltd.
- Dalian Xinghe Yeast Co., Ltd.
- Amano Enzyme Inc.
- Danstar Ferment AG
- Biomin Holding GmbH
- Chr. Hansen A/S
- Koninklijke DSM N.V.
- Ohly GmbH
- Huvepharma AD
Yeast Extracts For Animal Feed Market Recent Developments
- In December 2023, Tyson Foods, one of the world's largest food companies, entered into a multi-year strategic collaboration with Protix, a leader in insect ingredients. This partnership aims to enhance sustainable protein production by leveraging innovative technology and solutions. Tyson Foods' global presence, expertise, and network will complement Protix's technology and market leadership to meet the growing demand for insect protein by expanding production capabilities.
- In November 2023, CULT Food Science, a Canadian cell-ag investor, unveiled its latest proprietary ingredient for alternative pet food, called Bmeaty. This is the third exclusive ingredient from the company and is designed to provide a savory, umami flavor that appeals to both cats and dogs.
- In September 2023, French fermentation company Lesaffre acquired a 10% stake in Yeap, an Israeli startup that specializes in developing proteins from upcycled yeast. The investment will be managed by Biospringer, a division of Lesaffre known as the world's largest producer of food ingredients from yeast and other microorganisms. Biospringer will collaborate with Yeap to introduce innovative alternative proteins to the market. Yeap, founded in 2020 by Jonathan Goshen (CEO), Didier Toubia, and Dominik Grabinski, and supported by investors such as The Kitchen FoodTech Hub by Strauss and AgFunder, focuses on producing protein from upcycled yeast. Goshen explained that this protein is nutritionally superior, requires minimal agricultural land, is resilient to extreme weather conditions, and has no production limitations.
Global Yeast Extracts For Animal Feed Key Market Trends
- The trend towards using plant-based animal feed is growing, driven by concerns around sustainability, environmental impact, and potential health benefits. Yeast extracts offer a way to enhance the taste and nutritional value of plant-based animal feed, making them an attractive and viable alternative to traditional animal feed. The environmental impact of animal agriculture, particularly the production of animal feed, is a growing concern for many consumers. Plant-based animal feed offers a more sustainable alternative, as it requires less land, water, and other resources to produce. Additionally, plant-based animal feed can potentially reduce greenhouse gas emissions and help combat climate change. In addition to its sustainability benefits, plant-based animal feed can also offer potential health benefits. For example, some studies have suggested that a plant-based diet for livestock can improve animal health and reduce the risk of certain diseases. Yeast extracts, with their ability to enhance the nutritional value of plant-based animal feed, can play an important role in supporting animal health.
Global Yeast Extracts For Animal Feed Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
After conducting an analysis of the global market for yeast extracts used in animal feed, we anticipate significant growth during the forecast period due to the various advantages that it provides. These benefits include enhanced digestibility, improved palatability, health advantages, reduced reliance on antibiotics, and cost-effectiveness. Yeast extracts are a natural substitute for antibiotics and have been proven to possess antimicrobial properties. These properties can aid in suppressing the growth and spread of harmful bacteria without adversely affecting the beneficial microorganisms present in the animal's digestive system.
However, it is essential to note that the availability of yeast extracts may be limited in some regions, which could hinder their widespread adoption in specific markets. Due to their limited production capacity, yeast extracts may not be readily available to all regions, creating challenges for manufacturers who depend on this ingredient for their products..
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 319.46 billion |
| Market size value in 2031 | USD 592.77 billion |
| Growth Rate | 7.11% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Yeast Extracts For Animal Feed Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Yeast Extracts For Animal Feed Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Yeast Extracts For Animal Feed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Yeast Extracts For Animal Feed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Yeast Extracts For Animal Feed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Yeast Extracts For Animal Feed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Yeast Extracts For Animal Feed Market Report Snapshots
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