This report describes the global market size of Yeast Extracts for Animal Feed market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 7.3% from 2023 to 2030.
Yeast extracts are often used to increase the palatability of feed or functional products, including medicated products. The shift in consumer preferences in favour of naturally derived components in animal feed is what is driving the demand for the product. Numerous well-known manufacturing enterprises with established strong regional presences are present in the industry, which is what distinguishes it. It also heavily depends on the migration of end-use applications around the world. Yeast extracts may also be used in the composition of various animal feed products due to the emerging trend of components that are safer alternatives to hazardous additives.
Due to the COVID-19 pandemic and Russia-Ukraine war influence, the global market for yeast extracts for animal feed market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 7.3% during the forecast period 2023-2030. North American market for yeast extracts for animal feed market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report covers following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each region are also included such as United States, China, Japan, India, Korea, Germany, France, UK, Italy, Spain, and Brazil etc.
For competitor segment, the report includes global key players of yeast extracts for animal feed market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Product
Autolyzed Yeast
Hydrolyzed Yeast
Dried Inactive Yeast
Yeast Culture
Live Yeast
Yeast Beta-Glucan
Active Dry Yeast
The nutrients are not completely liberated and made available for the animals to digest because the yeast cells are not thoroughly broken down. Therefore, rather than being used for its nutritional content, autolyzed yeast is mostly employed to enhance the palatability of animal feed.
By Application
Poultry
Swine
Cattle
Aquaculture
Others
With a revenue share of over 40% in 2021, the poultry application category dominated the market. During the forecast period, it is expected to grow at the highest rate. The growing demand for grill meat on a global scale is responsible for this expansion. Grill meat is a wonderful source of protein, vitamins and minerals that helps to develop muscle and strengthens bones. Due to the aforementioned advantages, consumption is anticipated to rise. Due to a growth in swine meat consumption and demand, the swine segment had the second-largest revenue share in 2021.
By Region
North America
APAC
Europe
South America
Middle East & Africa
In 2021, Asia Pacific had a revenue share of more than 31.00%, dominating the market. This is linked to the region's rising animal product production as a result of a number of reasons, including changing dietary trends, population expansion, and fast urbanisation. Asia Pacific is one of the main pig-breeding regions, hence there is a strong need for animal feed in this region. With 415.9 million live pigs, China has the highest pig population in the world. China's cattle business has expanded quickly in recent years as the country's diets have changed to include more animal proteins. The production of feed for sheep, aquaculture, poultry used for egg production, and cattle has expanded quickly since China is one of the world's leading producers of animal feed and livestock goods.
China's expansion has increased demand for high-quality feed ingredients, driving market growth throughout the projection period. Europe had the second-largest revenue share in 2021 due to rising meat and meat product consumption and livestock production. Meat consumption has increased in the U.K., Germany, Italy, and France. Yeast extract in animal feed to improve growth, digestibility, and other factors is expected to drive the market. High-quality meat and meat products are expected to enhance regional market growth.
By Company
LALLEMAND INC
Garzanti Specialties S.p.A
AngelYeast Co., Ltd.
LEIBER
Alltech
Biorigin
Ohly
Phileo by Lesaffre
Cargill
Nutreco N.V.
Other Key Players
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
Any special requirements about this report, please let us know and we can provide custom report.
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