According to Market Study Report, Feed Yeast Market provides a comprehensive analysis of the Feed Yeast Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.This report also provides market landscape and market share information in the Feed Yeast Market.
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The Feed Yeast Market is projected to reach US$ 2.1 Billion by 2023, from US$ 1.7 Billion in 2018, at a CAGR of 5.27%. The feed yeast market is driven by various factors such as the increasing concerns related to animal health across the globe and the need for antibiotic alternatives in animal nutrition.
The market for feed yeast is majorly dominated across all nations by Associated British Foods plc (UK), Lesaffre (France), and Cargill (US), and approximately 95% of their product offeringsare either sourced from Saccharomyces cerevisiae or is formulated with this strain. According to a report published by COFALEC in 2016, the yeast market is dominated by Saccharomyces spp., wherein 80%–85% of the products are formulated with the Saccharomyces strain, 10% of the products comprise Kluyveromyces marxianus, while the remaining products comprise either Pichia pastoris or Candida spp.
Europe was estimated to account for the largest share of the feed yeast market in 2018, due to the high production of brewer’s and probiotic yeast in countries such as Russia, the UK, and the Netherlands. Moreover, ongoing R&D activities for better and efficient application of yeast in livestock and pet food nutrition could also render the scope for market growth.
This Report Covers Leading Companies Associated in Worldwide Feed Yeast Market:
- Associated British Foods Inc. (UK)
- Archers Midland Company (US)
- Alltech Inc. (US)
- Cargill (US)
- Angel Yeast Company (China)
- Hansen (Denmark)
- Lesaffre (France)
- Nutreco N.V. (Netherlands)
- Lallemand Inc. (Canada)
- Novus International (US)
- Zilor (Biorigin) (Brazil)
- Kemin (US)