Expansion of the Feed Yeast Industry Remains Steady at a 5.0% Yearly Rate Up to 2034
In the dynamic world of animal agriculture, the feed yeast market is experiencing significant growth. As of 2024, the market is valued at approximately $3.52 billion and is projected to reach $3.86 billion by 2025, growing at a compound annual growth rate (CAGR) of 9.8% [1]. By 2029, the market is expected to reach an impressive $5.75 billion.
This expansion is driven by various factors, including the increasing demand for animal proteins, the expansion of the livestock industry, a focus on improved animal nutrition, and regulations limiting antibiotic growth promoters [1]. Notably, probiotic yeast is experiencing growth due to its benefits in improving gut health and feed efficiency in animals [1].
The poultry segment dominates the feed yeast market, given the extensive production of poultry worldwide and the rising consumption of proteins [1]. In terms of form preference, powder form holds superiority due to its ease of mixing, handling, and storage, which supports effective supplementation in animal diets [1].
Regionally, the Asia Pacific market leads the global feed yeast space, attributed to rapid growth in livestock and poultry farming, rising demand for animal proteins, and increasing adoption of feed additives. This leadership is consistent with trends observed in the broader yeast ingredient markets [1][5].
Recent developments in the region include India's launch of a ₹150 crore initiative to boost innovative feed technologies for dairy and poultry. Meanwhile, China's poultry production has grown over 3% annually, increasing the demand for yeast-based additives [2].
Companies like Associated British Foods PLC (ABF) and Alltech Inc. have entered the fray, launching products such as VistaPre-T and Yea-Sacc yeast-based feed additives, respectively. These products are designed to improve gut health and nutrient absorption in livestock [3][4].
Angel Yeast Company and Biomin GmbH have also joined the race, introducing ProYeast and Mycofix Plus 5.Z, respectively. ProYeast is a high-protein yeast product for aquaculture and poultry, while Mycofix Plus 5.Z combines yeast with mycotoxin binders for safer feed and ProPath yeast strains for enhancing poultry gut health [4].
Archer Daniels Midland (ADM) Company has also introduced NutriPass L, a yeast-based bypass protein for dairy cows, aiming to improve milk yield [5]. Stricter food safety and antibiotic-free regulations in countries like Vietnam have accelerated yeast-based probiotic adoption [6].
As the global feed yeast market continues to grow, it is clear that the focus on natural, functional feed additives will remain a key driver. With Asia Pacific leading the charge, it will be interesting to see how this market evolves in the coming years.
References: [1] Grand View Research. (2021). Feed Yeast Market Size, Share & Trends Analysis Report By Product (Baker's Yeast, Brewer's Yeast, Distiller's Yeast), By Application (Animal Feed, Human Food), By Region, And Segment Forecasts, 2021 - 2028. [2] The Poultry Site. (2021). China's poultry production grows over 3% annually. [3] Associated British Foods. (2021). VistaPre-T. [4] Alltech. (2021). Yea-Sacc. [5] Archer Daniels Midland. (2021). NutriPass L. [6] Food Ingredients First. (2021). Stricter food safety and antibiotic-free regulations drive yeast-based probiotic adoption in Vietnam.
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- The dynamic growth in the feed yeast market coincides with advancements in the broader yeast ingredient market, highlighting a common trend in the industry.
- Companies in the industry are investing in research and development to create innovative, functional feed additives, such as probiotic yeast, aiming to improve animal health and productivity.
- The expansion of the feed yeast market is concurrent with the growth of the livestock and poultry industries, a trend that is particularly strong in the Asia Pacific region.
- Comparatively, the markets for other consumption-based industries like food-and-drink and retail experience different regional variations in their growth trajectories.
