Recently, major corporations have prioritised using probiotics or live yeast in pet food and new product launches, primarily because they are beneficial to health. Due to higher prices and high demand in developed countries, probiotic yeast products are gradually being introduced, which will broaden the scope of the feed probiotic yeast market's growth.
Data Bridge Market Research analyses that the Feed Probiotic Yeast Market which was valued at 1.90 billion in 2021 and is expected to reach the value of USD 2.98 billion by 2029, at a CAGR of 5.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
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Probiotics are live microorganisms with leaves that are added to foods to provide health benefits. Probiotic yeasts are non-pathogenic strains of the Saccharomyces cerevisiae genus. Due to the yeast's natural resistance to antibacterial antibiotics, probiotic yeast has been thought to be superior to probiotic bacteria.
Some of the major players operating in the feed probiotic yeast market are:
- Dow (U.S.)
- DuPont (U.S.)
- BASF SE (Germany)
- Perstorp (Sweden)
- Eastman Chemical Company (U.S.)
- Niacet, A Kerry Company (U.S.)
- Macco Organiques Inc. (Canada)
- Mitsubishi Chemical Corporation (Japan)
- Hawkins (U.S.)
- ADDCON GmbH (Germany)
- Impextraco NV (Belgium)
- Kemin Industries, Inc. (U.S.)
Feed Probiotic Yeast Market Dynamics
- Growing adoption of direct-fed microbial in the feed industry
Directly fed microbial are becoming an increasingly important part of the animal diet. Cattle owners, poultry farmers, pet owners, and others are quickly adopting it because it has been linked to numerous health benefits and improved performance. As a direct-fed microorganism, live yeast supplements are widely used to improve dairy cow health, performance, and milk production. Yeast culture can also help improve fermentation and digestion in the rumen, which is the stomach of ruminants. Manufacturers' increased microbial research and development activities also contribute to developing novel yeast supplements for direct-fed microbiological, which increases demand for feed yeast in the animal feed industry.
- Growth in the global livestock consumption
The livestock industry has been under increasing pressure in recent years to meet the rising demand for meat and high-value animal protein. Global livestock consumption has increased as a result of population growth, rising incomes in developing countries, and urbanization. Income and consumption of animal protein have been found to be directly correlated, with milk, meat, and egg consumption increasing at the expense of staple foods. The feed probiotics market is driven by rising life expectancy, limited availability of land and water resources for animal feed production, and strong demand for animal-based protein sources.
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On the other hand, growing animal health issues and rising popularity of meat and meat-related products will open up new opportunities for feed yeast probiotics market during the forecast period. Rapid technological advancements, rising investments in R&D for developing new ingredient formulations, and rising demand for cost-effective ingredients that provide better quality products and nutrition are expected to drive the global feed probiotic yeast market.
Global Feed Probiotic Yeast Market Scope
Feed probiotic yeast market is segmented on the basis of livestock, genus and product type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Aquatic Animals
- Saccharomyces Spp.
- Kluyveromyces Spp.
- Yeast derivatives
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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