Feed Yeast Market: Overview
The feed yeast market may derive substantial growth during the forecast period of 2019-2029 on the back of the escalating use of yeast as a nutritional supplement for livestock. The heightening concern about animal health across the globe is also helping the feed yeast market to increase its revenue figures.
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Yeast helps in increasing the immunity of animals to a great extent. Therefore, to protect the livestock from various diseases and disorders, yeast serves as an essential component. Thus, this factor invites tremendous growth prospects. Feed yeast is available in a variety of types such as yeast derivatives, specialty yeast, probiotic yeast, and brewer’s yeast. The use of feed yeast across livestock such as pets, equine, ruminants, swine, aquatic animals, and poultry may bring expansive growth advancements.
This feed yeast market report has detailed information on diverse factors associated with bringing growth. Prominent factors such as emerging trends, mergers and acquisitions, and the geographical prospects of the feed yeast market have been studied in the report. The stakeholders can benefit greatly from this report. This report also includes information on the COVID-19 impact on the feed yeast market.
Feed Yeast Market: Industry Analysis
Manufacturers in the highly fragmented feed yeast market are always involved in research and development activities for discovering novel insights that prove beneficial for increasing their sales. The players also focus on technological innovations that improve the nutritional quality of the products.
Mergers, acquisitions, collaborations, and partnerships form the crux of the growth of the feed yeast market. Players are in constant pursuit to establish their influence on the feed yeast market through these activities. Attractive region-based marketing strategies also play a significant role in escalating the revenue of the feed yeast market.
Feed Yeast Market: Prominent Participants
Some of the well-established participants in the feed yeast market are as follows:
- Associated British Foods PLC.
- Alltech Inc.
- Chr. Hansen
- Archer Daniels Midland
- Cargill, Incorporated
- Angel Yeast Co. Ltd.
Feed Yeast Market: Key Drivers of Growth
The feed yeast market will garner immense growth mainly on the back of the heightening awareness among a large consumer base regarding the benefits of feed yeast. Antibiotics are banned in the animal feed sector. An alternative to antibiotics is essential for the development of livestock. Therefore, feed yeast is used as a substitute for antibiotics. This aspect brings expansive growth for the feed yeast market.
The advantages associated with probiotic yeast may also help the feed yeast market to garner considerable growth across the forecast period of 2019-2029. In addition, yeast activates an immune response to prevent the entry of pathogens in the body. Therefore, this factor may prove to be a robust pillar of growth for the feed yeast market.
The danger of the spread of zoonotic diseases is at an all-time high. Therefore, to eliminate the threat of the spread, feed yeast is necessary. This will enable growth multiplication across the feed yeast market.
Feed Yeast Market: Geographical Analysis
The feed yeast market is spread across North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may garner expansive growth for the feed yeast market across the forecast period due to the acceleration in the number of manufacturing units, especially in China. As agriculture is the main occupation of India, the demand for feed yeast is more. These aspects may serve as growth generators for the feed yeast market.
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