The Global Feed Yeast Market was valued at USD 1.79 billion in 2020 and is projected to reach USD 2.3 billion by 2025, progressing at a CAGR of 5.09% from 2020 to 2025. Yeast is called a single-celled fungus. Yeast applied in food and feed is known as Saccharomyces Cerevisiae. Forage yeasts find an important application in ruminants since they are considered the most developed market for the use of live yeasts. Yeast products are also included in the diet of equines and these products are added to their diet to prevent digestive disorders.
In January 2019, Ohly (UK) and Lallemand (Canada) entered into a strategic partnership for the sale of Ohly's Hutchinson Torula Yeast yeast plant and associated Torula whole cell business in the United States. The long-term supply partnership between these companies aims to benefit Ohly by ensuring long-term safety at the Hutchinson site.
In January 2019, ADM acquired Neovia (Chicago), a world leader in value-added products and solutions for livestock and companion animals. This acquisition would add new products such as premixes, whole foods, ingredients, pet care solutions, aquaculture, additives, nutritional yeast and amino acids to the existing portfolio.
Market Drivers and Restrains:
Most yeast species have no impact on animals and humans, while some have negative or positive effects. Yeasts such as Saccharomyces cerevisiae, Kluyveromyces marxianus and Candida utilis have been shown to have a positive impact on animal health; they provide animal feed and are therefore used as feed additives. In addition to application in animal feed, there are many commercial applications of different types of yeast in various industries such as brewing, baking, food and flavoring products, pharmaceuticals, and bioethanol fuel production. The global supply of raw materials for yeast production can have a significant impact on the production of feed yeast and its extracts. The main source of yeast production is based on a by-product of sugar, molasses. The shortage of molasses is a major concern for the global yeast market due to the strong competition for these raw materials from different industries such as food, pharmaceutical, animal feed and others. There are many reasons for such a shortage: the main one is the low production of sugarcane and sugar beet. Therefore, this should limit your supply in the production of yeast ingredients. Considering the high demand for brewer's yeast used in the baking and alcohol industries, a much larger deficit in the availability of raw materials for making feed yeast can still affect the price of the final product. Ultimately, this would affect the demand for yeast products among feed manufacturers and breeders.
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The global feed yeast market has been segmented on the basis of livestock, type, shape and region. The world market has been divided, according to type, into live yeast, spent yeast, yeast derivatives and others. On the basis of the shape, the market has been divided into powder, liquid and others. The worldwide feed yeast market has been divided, based on livestock, as ruminants, poultry, pigs and others.
The Asia-Pacific market is expected to dominate the global feed yeast market and grow at the highest CAGR during the forecast period due to increased consumption of meat products in countries like China, Thailand and Japan. Also, increased livestock activities for more income are supposed to drive the growth of the feed yeast industry in this region. The European region is likely to gain significant market share in the market during the outlook period due to the ban on the use of conventional growth-promoting antibiotics in animal feed. Furthermore, the increase in the consumption of dairy products is estimated to promote the growth of the feed yeast market in this region. The market in the rest of the world is supposed to grow at a sustained rate, as the demand for yeast for feed increases in several South American countries such as Argentina and Brazil, due to the increase in the consumption of meat and dairy products.
Key market players:
Some of the major players operating in the global feed yeast market include Archer Daniels Midlands Company, Nutreco N.V., Diamond V, Leiber GmbH, Cargill Inc., Associated British Foods Plc, and several others.
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