Global Yeast Extracts For Animal Feed Market Size, Share, Growth Analysis, By Application(Poultry, swine), By Form of Yeast extracts(Powder, paste), By Source of Yeast extract(Baker yeast, Brewers yeast) - Industry Forecast 2024-2031

Global yeast extracts for animal feed market size was valued at USD 319.46 billion in 2022 and is poised to grow from USD 342.17 billion in 2023 to USD 592.77 billion by 2031, at a CAGR of 7.11% during the forecast period (2024-2031).

Yeast extracts for animal feed are gaining popularity due to their richness in nutrients, including essential amino acids, vitamins, and minerals, making them valuable ingredients for animal nutrition. They offer several advantages such as enhanced digestibility, increased palatability, health benefits, reduced reliance on antibiotics, and cost-effectiveness. Yeast extracts improve feed digestibility by providing a diverse array of enzymes that aid in breaking down feed components, thereby enhancing nutrient absorption and promoting better animal growth and health. Their scientifically proven antimicrobial properties are particularly noteworthy as they combat harmful bacteria, potentially reducing the need for antibiotics in animal feed. This is crucial in light of concerns regarding antibiotic resistance, which poses risks to both animal and human health. By serving as a natural alternative to antibiotics, yeast extracts inhibit the growth of harmful bacteria while preserving beneficial microorganisms in the animal's digestive system, ensuring animal health and the production of safe food products. Moreover, yeast extracts impart a distinctive savory flavor to animal feed, making it more enticing and palatable for animals. This enhanced taste can increase feed consumption, leading to improved feed intake and growth rates, which are vital for animal health and development. Additionally, yeast extracts contain beneficial compounds like amino acids, vitamins, and minerals that support animal well-being across various species, including poultry, swine, and dairy cattle. It's important to recognize that individual animals may have preferences regarding feed taste and composition, resulting in varying levels of improvement in feed intake and growth rates. Nonetheless, the nutritional richness and flavor enhancement provided by yeast extracts offer promising benefits for animal nutrition and overall well-being.

Top-down and bottom-up approaches were used to estimate and validate the size of the global yeast extracts for animal feed market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Yeast Extracts for Animal Feed Market Segmental Analysis

Global yeast extracts for animal feed market is segmented based on application, a form of yeast extract, source of yeast extract, functionality, and region. By application, the market is segmented into poultry, swine, ruminants, aquatic animals, and others. By form of yeast extract, the market is segmented into powder, paste, liquid, and others. By source of yeast extract, the market is segmented into baker yeast, brewers yeast, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Yeast Extracts for Animal Feed Market

The excessive use of antibiotics in animal feed has raised significant concerns due to the emergence of antibiotic-resistant bacteria, posing a serious threat to both animal and human health. Antibiotic resistance can complicate the treatment of infections and lead to higher mortality rates. Consequently, there's a growing imperative for alternative solutions to support animal health and lessen reliance on antibiotics. Yeast extracts present a natural alternative to antibiotics, exhibiting antimicrobial properties that can effectively inhibit the growth of harmful bacteria while preserving beneficial microorganisms in the animal's digestive system. This dual action promotes animal health while mitigating the risk of creating antibiotic-resistant bacterial strains. By incorporating yeast extracts into animal feed, producers can decrease the necessity for antibiotics, fostering a more sustainable and responsible approach to animal health management. This shift towards yeast extracts not only benefits animal health but also contributes to safeguarding human health by reducing the likelihood of antibiotic resistance and ensuring the safety of animal products for human consumption. By embracing these alternatives, producers can promote a healthier and more sustainable future for both animals and humans alike.

Restraints in the Global Yeast Extracts for Animal Feed Market

The accessibility of yeast extracts may face limitations in certain regions, potentially impeding their widespread adoption in particular markets. Restricted production capacity could render yeast extracts less readily available in some areas, presenting challenges for manufacturers dependent on this ingredient. Consequently, alternative ingredients may need to be explored in these regions, potentially influencing the taste and quality of the final product. It's crucial for producers to account for the availability of yeast extracts when formulating products for diverse markets, ensuring they can meet consumer demand and uphold consistency in their offerings. By considering such factors, producers can navigate challenges and maintain product integrity across various regions.

Market Trends of the Global Yeast Extracts for Animal Feed Market

The shift towards utilizing plant-based animal feed is gaining momentum due to concerns surrounding sustainability, environmental impact, and potential health advantages. Yeast extracts emerge as a promising solution for enhancing both the taste and nutritional profile of plant-based animal feed, rendering them an appealing and viable substitute for conventional feed options. The environmental ramifications of animal agriculture, particularly in feed production, are increasingly troubling for consumers. Plant-based animal feed presents a more sustainable alternative, requiring fewer resources such as land and water to cultivate. Moreover, it holds potential for reducing greenhouse gas emissions, thereby aiding in the fight against climate change. Beyond its sustainability merits, plant-based animal feed also holds promise for promoting animal health. Research suggests that a plant-based diet for livestock may enhance animal well-being and mitigate the risk of certain diseases. Yeast extracts, with their capacity to augment the nutritional content of plant-based animal feed, play a pivotal role in supporting animal health and overall welfare.