Global Animal Feed Inactive Yeast Market Report 2024, Forecast To 2033
8 Mar, 2024
The animal feed inactive yeast market has seen steady growth, rising from $154.61 billion in 2023 to $163.47 billion in 2024, with a CAGR of 5.7%. This growth is driven by increased demand for high-quality animal nutrition, focus on livestock health, and growing awareness of antimicrobial properties. Moving forward, the market is anticipated to grow to $196.63 billion in 2028, with a CAGR of 4.7%. Factors such as emphasis on gut health in animals, expansion of the livestock industry, and regulatory support for natural feed additives are expected to support this growth.
Global Animal Feed Inactive Yeast Market Key Driver
The surge in meat consumption is expected to propel the growth of the animal feed inactive yeast market. Animal feed inactive yeast, a nutritional supplement for livestock, enhances meat quality and overall animal health. Notably, beef production increased by 11.3% and mutton production by 31.8% in Australia in March 2023, as reported by the Australian Bureau of Statistics. This uptick in meat production underscores the heightened demand for animal feed inactive yeast, thus driving the growth of the market.
Get A Free Sample Of The Global Animal Feed Inactive Yeast Market ReportGlobal Animal Feed Inactive Yeast Market Segments
The animal feed inactive yeast market covered in this report is segmented –
1) Form:Powder, Flakes, Tablet, Capsule
2) Nature:Organic, Conventional
3) Sales Channel:Business-To-Business (B2B), Business-To-Consumer (B2C)
4) Application:Poultry, Swine, Cattle, Aquaculture, Pet food, Other Applications
By Geography: 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.
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
Major Animal Feed Inactive Yeast Industry Players
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.
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Animal Feed Inactive Yeast Market Overview
Animal feed inactive yeast is a type of yeast that has been deactivated or rendered non-viable through a drying or heat treatment process. It is a good source of protein, B vitamins, and other nutrients and is commonly used as an ingredient in animal feed formulations to provide nutritional benefits to animals.