PUBLISHER: The Business Research Company | PRODUCT CODE: 1409905
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409905
“Yeast Probiotic Ingredient For Animal Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on yeast probiotic ingredient for animal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for yeast probiotic ingredient for animal? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The yeast probiotic ingredient for animal market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Yeast probiotics for animal feed refer to live microbial feed additives that enhance the intestinal balance of host animals. These probiotics are utilized in animal feeding to promote growth and improve health.
The main products of yeast probiotic ingredients for animals include live probiotics, spent probiotics, and yeast derivatives. Live probiotics provide health benefits to the animals when ingested and have proven to be effective alternatives to antimicrobial growth promoters in the livestock industry. These probiotics are derived from various genera, including Saccharomyces spp, Kluyveromyces spp, and others, and are used for various types of livestock such as ruminants, poultry, swine, aquatic animals, pets, and equines.
The yeast probiotic ingredient for animal market research report is one of a series of new reports from The Business Research Company that provides yeast probiotic ingredients for animal market statistics, including yeast probiotic ingredient for animal industry global market size, regional shares, competitors with a yeast probiotic ingredient for animal market share, detailed yeast probiotic ingredient for animal market segments, market trends and opportunities and any further data you may need to thrive in the yeast probiotic ingredient for the animal industry. This yeast probiotic ingredient for animal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The yeast probiotic ingredient for animal market size has grown rapidly in recent years. It will grow from $5.53 billion in 2023 to $6.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth observed during the historical period can be attributed to factors such as the discovery of probiotic benefits, increasing concerns about antibiotic use in animals, research and development efforts, industry adoption and validation of probiotics, as well as regulatory support and approvals.
The yeast probiotic ingredient for animal market size is expected to see rapid growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The anticipated growth in the forecast period can be attributed to factors such as market penetration in developing regions, increased investments in research and development, consumer preference for natural products, regulatory support and guidelines, and expansion in livestock production. Major trends expected in the forecast period include a growing demand for antibiotic alternatives, a heightened focus on gut health in livestock, shifts in regulatory landscape and compliance, a rising demand for natural feed supplements, and an overall expansion in livestock production.
The yeast probiotics for animal market is anticipated to experience growth, driven by the increasing demand for eggs and poultry meat. Poultry meat, derived from various domesticated avian species, is a crucial component of the rising global consumption of animal products. Probiotics, incorporated into poultry feed, serve as additives that contribute to disease prevention and enhance immunity in poultry farm animals. This, in turn, leads to increased egg and meat production. For example, data from the United States Department of Agriculture (USDA) in April 2023 indicated a rise in chicken meat consumption from 17,164 metric tons in 2021 to 17,674 metric tons in 2022, highlighting the surge in demand for eggs and poultry meat and propelling the growth of the yeast probiotics for animal market.
The growth of the yeast probiotic ingredient for the animal market is also expected to be fueled by the escalating demand for high-quality animal feeds. These nutritionally balanced formulations play a vital role in meeting the specific dietary needs of animals, ensuring optimal health, growth, and performance. Integrating yeast probiotic ingredients into high-quality animal feeds is recognized as a strategic approach to support animal health, enhance overall performance, and address concerns related to sustainability and responsible antibiotic use in livestock farming. Projections from the American Feed Industry Association in March 2021 estimated an increase in animal food consumption to 254.6 million tons by 2025, highlighting the growing demand for high-quality animal feeds and contributing to the growth of the yeast probiotic ingredient for the animal market.
A prominent trend in the yeast probiotic ingredient for the animal market is product innovation, with major companies focusing on improving feed use efficiency through advancements in their probiotic yeast offerings. An example is Phileo by Lesaffre's January 2023 launch of Actisaf Sc 47 HR+, a probiotic yeast designed for swine and poultry feed. The unique microspherule shape of Actisaf Sc 47 HR+ provides inherent resistance to temperature, friction, and moisture during feed pelleting without the need for external coatings.
Major companies in the yeast probiotic ingredient for the animal market are strategically developing technologically advanced products, including prebiotic fiber, to gain a competitive edge and expand their customer base. Prebiotic fiber, a specialized fiber technology, supports the growth of beneficial gut bacteria. In September 2023, Alltech introduced Microbuild, an advanced prebiotic fiber designed to enhance gut health and support a resilient microbiome in pets. Microbuild's focus on promoting overall well-being and ensuring gut health positions it as a nutritional technology that strengthens the natural defenses of animals by boosting microbial diversity in the gut.
In January 2021, Novozymes, a Denmark-based biotechnology company, acquired Microbiome Labs for $125 million, enhancing Novozymes' product portfolio and establishing a leadership position in the North American probiotics market. Microbiome Labs, based in the US, specializes in providing probiotic bacteriotherapy.
Major companies operating in the yeast probiotic ingredient for animal market report are Chr. Hansen A/S, Koninklijke DSM N V, DuPont de Nemours Inc., Evonik Industries AG, Mitsui & Co. Ltd., Novozymes A/S, Lallemand Inc., Kemin Industries Inc., Kerry Group PLC, Dow Inc., BASF SE, Perstorp AB, Eastman Chemical Company, Macco Organiques Inc., Hawkins Inc., Impextraco NV, Lesaffre, Calpis Co. Ltd., Alltech, Provita Eurotech Ltd., BioResource International Inc., Bio-Vet Inc., BioZyme Inc., Diamond V, Novus International Inc., Pancosma, Phileo by Lesaffre, Pure Cultures, Vetanco, Zinpro Corporation .
North America was the largest region in the yeast probiotic ingredient for animal market in 2023. The regions covered in the yeast probiotic ingredient for animal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the yeast probiotic ingredient for animal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The yeast prebiotics for the animal market consists of sales of Lactobacillus, Bacillus, Streptococcus, Pediococcus, Enterococcus, Bifidobacterium and Propionibacterium. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.