PUBLISHER: The Business Research Company | PRODUCT CODE: 1428095
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428095
Animal feed inactive yeast is a form of yeast that has undergone deactivation, making it non-viable, often achieved through drying or heat treatments. Renowned for its richness in protein, B vitamins, and essential nutrients, this variant of yeast finds common use as a nutritional component in animal feed compositions.
The primary forms available in animal feed inactive yeast are powder, flakes, tablets, and capsules. Powder refers to a solid substance processed into minute, unstable particles by means of crushing, grinding, or disintegration. It encompasses both organic and conventional variations, with distribution occurring through business-to-business (B2B) and business-to-consumer (B2C) channels. These yeast variants cater to a wide array of applications, including poultry, swine, cattle, aquaculture, pet food, among others.
The animal feed inactive yeast market research report is one of a series of new reports from The Business Research Company that provides animal feed inactive yeast market statistics, including animal feed inactive yeast industry global market size, regional shares, competitors with an animal feed inactive yeast market share, detailed animal feed inactive yeast market segments, market trends and opportunities, and any further data you may need to thrive in the animal feed inactive yeast industry. This animal feed inactive yeast 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 animal feed inactive yeast market size has grown strongly in recent years. It will grow from $154.61 billion in 2023 to $163.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be credited to various factors such as heightened demand for superior animal nutrition, an emphasis on enhancing livestock health and performance, a transition towards natural and sustainable feed additives, endeavors to enhance feed conversion efficiency, and increased recognition of antimicrobial properties.
The animal feed inactive yeast market size is expected to see steady growth in the next few years. It will grow to $196.63 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The anticipated growth in the upcoming period can be linked to a rising focus on improving gut health in animals, the continuous expansion of the livestock industry, ongoing research to explore functional benefits and nutrient profiles, regulatory backing for natural feed additives, and the integration of these additives into specialty and functional feeds. Notable trends expected in this forecast period encompass technological advancements in yeast production, increased collaborations and partnerships within the industry, adherence to regulatory standards, and a concentrated focus on monogastric and ruminant nutrition.
The anticipated rise in meat consumption is set to drive the growth of the animal feed inactive yeast market in the coming years. This market trend is driven by the surge in demand for meat products, as indicated by the Australian Bureau of Statistics' March 2023 report, revealing an 11.3% increase in beef production, reaching 524,335 tons, and a 31.8% rise in mutton production, totaling 58,662 tons. The animal feed inactive yeast, commonly incorporated into livestock nutrition, acts as a vital supplement, enhancing overall livestock health and performance, consequently contributing to improved meat quality.
The animal feed inactive yeast market is poised for growth due to the escalating demand for high-quality animal feeds. High-quality animal feeds, recognized for their nutritionally balanced formulations catering to specific dietary needs, are crucial for promoting optimal health, growth, and performance in animals. Inactive yeast, distinguished as a rich source of high-quality protein and essential amino acids, emerges as a valuable component in animal feed formulations, particularly in diets emphasizing elevated protein content for enhanced growth and development. This trend aligns with estimations from the American Feed Industry Association, projecting a 2.5% increase in animal food consumption to 254.6 million tons by 2025, valued at approximately $48.8 billion, compared to 248.4 million tons in the preceding year. Additionally, the forecast predicts animal feed consumption to reach 263.1 million tons by 2025. Thus, the escalating demand for high-quality animal feeds remains a driving force behind the growth of the animal feed inactive yeast market.
Product innovation stands out as a prominent trend gaining traction in the animal feed inactive yeast market. Leading companies within this market segment are actively engaged in the development of inventive products to fortify their market presence. A notable example is the introduction of YELA PROSECURE by Lallemand Inc., a US-based animal nutrition company, in March 2022. This hydrolyzed yeast product is meticulously crafted through a controlled hydrolysis process employing selected exogenous enzymes, ensuring high digestibility and functionality. YELA PROSECURE is tailored to provide essential nutrients supporting animal performance, digestive care, and feed palatability. Beyond its role in maintaining the feed protein balance, this innovative product offers a range of benefits, including increased nutrient digestibility, improved gut health, reduced disease risk, enhanced growth rates, and improved feed conversion efficiency.
Major players in the animal feed inactive yeast market are diversifying their product portfolios to include offerings such as aquaculture feed, strategically aligning with market trends to enhance profitability. The Archer-Daniels-Midland Company, a key player in the industry, unveiled AquaTrax in October 2022. This novel feed additive for aquaculture harnesses the unique morphology of inactivated Pichia guilliermondii yeast. AquaTrax demonstrates efficacy in alleviating stress, promoting a balanced gut microbiota, and enhancing immunity and growth in aquatic species such as shrimp. As part of ADM's microbiome-supporting solutions, AquaTrax contributes to the overall well-being of aquaculture species, reflecting a strategic move to tap into the expanding market for aquaculture feed.
In August 2021, Angel Yeast Co. Ltd., a prominent Chinese manufacturer of yeast and yeast extract, acquired specific yeast-related assets from Shandong Bio Sunkeen Co. Ltd. for a total of $15.4 million. This strategic acquisition is intended to significantly increase Angel Yeast's production capacity by an additional 15,000 tons for yeast and yeast extract. By undertaking this move, Angel Yeast aims to reinforce its competitive position within the industry and expand its footprint in the market. This aligns with the company's 2025 strategic objectives, emphasizing yeast nutrition, health products, and food ingredients. Shandong Bio Sunkeen Co. Ltd. is a China-based company specializing in yeast production.
Major companies operating in the animal feed inactive yeast market report are Cargill Inc., The Archer-Daniels-Midland Company, AB Enzymes GmbH, Ohly GmbH, Feed One Co. Ltd., Novozymes A/S, ABF Ingredients, Angel Yeast Co. Ltd, Alltech, Chr. Hansen Holding A/S, Lallemand Inc., Kemin Industries, Phibro Animal Health Corporation, Novus International Inc., Scientific Feed Laboratory Co.Ltd., Lesaffre, DSM Nutritional Products AG, Biomin Holding GmbH, AB Mauri India Private Limited, ABITEC Corporation, Titan Biotech Ltd., Phileo by Lesaffre, Kothari Fermentation and Biochem Ltd., Berg + Schmidt GmbH & Co. KG, Biofeed Technology Inc., Leiber GmbH, Shandong Bio Sunkeen Co. Ltd., Shandong Huayou Yeast Corporation, ICC Brazil, Oriental Yeast India Pvt.Ltd.
Asia-Pacific was the largest region in the animal feed inactive yeast market in 2023. The regions covered in the animal feed inactive yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the animal feed inactive yeast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The animal feed inactive yeast market consists of sales of brewer's dried yeast, primary dried yeast, torula dried yeast, yeast extract, autolyzed yeast, and nutritional yeast. 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.
Animal Feed Inactive Yeast 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 animal feed inactive yeast 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 animal feed inactive yeast ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The animal feed inactive yeast 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.
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