PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351044
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351044
According to Stratistics MRC, the Global Animal Feed Inactive Yeast Market is accounted for $165.11 billion in 2023 and is expected to reach $246.64 billion by 2030 growing at a CAGR of 5.9% during the forecast period. Animal feed inactive yeast is a natural source of protein with both essential and non-essential amino acids. It is rich in B complex vitamins, which are crucial for the synthesis of energy. It is created using single cell yeast and non-alcoholic molasses fermentation. It is rendered inactive and dried on roller dryers heated by steam. The mixture is then ground into a fine, coarse powder that has a delicate, toasted yeast taste and is light golden in colour. It enhances rumen fermentation, animal health, milk production, and heat stress tolerance.
According to the United Nation's FAO, the demand for food will grow by 60% by 2050, which implies promising opportunities for manufacturers of inactive dried yeast in the animal feed and animal feed ingredients industry in the foreseeable future.
Yeast in animal feed has been incorporated into domestic animal diets. It has improved the health and performance of domesticated animals. The use of inactive yeast in swine production enhances nutritional absorption, prevents diarrhoea, and lowers the risk of digestive disorders. It also helps to maintain gut health. The focus has shifted to meat safety and sustaining meat quality as a result of growing worries about outbreaks of livestock illness caused by the large concentration of animals and farms, which is projected to grow the sector.
The FDA's rules and regulations must be followed by all individuals who produce animal feed. The use of inactive yeast in animal feed is subject to a variety of regulations and restrictions set by different countries and regions. Adhering to these regulations is a big effort for manufacturers and suppliers, especially when it comes to ensuring the product's safety and quality. If they violate such guidelines, there is also an elevated likelihood that their license will be cancelled. This factor is impeding the market expansion.
The demand for meat, milk, and other products generated from animals has increased dramatically as a result of the growing world population. As a result, livestock output has significantly increased, and animals are being raised in small areas that call for the best feeding practices. In such a situation, inactive yeast appears as a strong and durable remedy, supplying crucial nutrients and improving feed conversion effectiveness while preserving a practical and long-term strategy.
The handling of raw materials is extremely important for producing high-quality inactive yeast for animal feed. It might be difficult to provide a steady and reliable supply of raw materials, such as molasses or other substrates high in sugar. Additionally, maintaining the consistency of inactive yeast products' nutritional value and quality has its own set of difficulties. The final product might be affected by changes in production procedures, fermentation conditions, and raw ingredients, which can all hinder market demand.
The COVID-19 pandemic has had a detrimental effect on the inactive yeast industry for animal feed. Global hunger, food insecurity, and poverty were all made worse by COVID-19. The manufacturer of inactive yeast for animal feed faced substantial challenges as a result of limitations and disruptions in the supply chain. Farmers were forced to stock up on animal feed due to an assortment of complications, namely truck shortages, fewer deliveries, and workers contracting COVID-19. But after the epidemic, the market began expanding dramatically.
The autolyzed inactive yeast segment is estimated to have a lucrative growth. Autolysis is a procedure where yeast cells release their own enzymes, and then break down some cellular components. Autolyzed yeasts are used in particular to improve the palatability of food and for their probiotic effects. Autolyzed yeast includes rich proteins, nucleotides, and other beneficial substances for animal health which eventually impact the animal feed inactive yeast market.
The finisher feeds segment is anticipated to witness the fastest CAGR growth during the forecast period. Finisher is a balanced, nutritionally complete feed that works well for developing turkeys and broilers up to day 36 of growth. This 22% protein diet is intended to support the full genetic development of chickens and turkeys for exhibition purposes. This protein-rich diet gives hen's high-grade muscle and bone, which also enhances the quality of their eggs. Typically, it is a complex feed with fewer calories to prevent the animals from becoming too obese. Good feed has an influence on the growth of the animal feed inactive yeast market since healthy chickens are in high demand on the market.
Europe is projected to hold the largest market share during the forecast period owing to its stringent rules and requirements surrounding the safety of animal feed. Due to its emphasis on animal welfare, commitment to environmentally friendly techniques, and demand for high-quality animal products, Europe holds the second-largest market share. The use of inactive yeast is due to the region's emphasis on the usage of secure and efficient feed components. Inactive yeast is also used in the composition of fish feed in nations like Scotland and Norway, which both have significant aquaculture industries. Market expansion is fuelled by the nation's large-scale poultry and swine production sectors as well as a focus on animal nutrition and health.
Asia Pacific is projected to have the highest CAGR over the forecast period. The region has a thriving cattle sector and a growing market for sustainable feed products. India, a sizable market, is home to a large chicken industry that uses inactive yeast to increase feed efficiency and production. The demand for animal products including meat, milk, and eggs has also increased due to population expansion and shifting dietary preferences, which has boosted product acceptance. Additionally, the growing aquaculture sector in Southeast Asian nations like Vietnam, Thailand, and Indonesia helps to fuel the expansion of the region's animal feed inactive yeast market.
Some of the key players profiled in the Animal Feed Inactive Yeast Market include: AB Mauri, ADM Animal Nutrition, Alltech, Angel Yeast Co., Ltd., Associated British Foods plc, Archer Daniels Midland Company, Chr. Hansen Holding A/S, Diamond V Mills, Inc., DSM Animal Nutrition & Health, ICC Brazil, Kemin Industries, Inc., Lallemand Inc., Leiber GmbH, Lesaffre Group, Novus International, Inc., Nutreco N.V., Oriental Yeast Co., Ltd., Sojuz Produkt Pitaniya, Sonac BV and Synergy Flavors.
In February 2023, Angel Yeast announced its plans to speed up supply and innovation features. For this, the company will upscale its R&D capabilities and invest in production facilities to achieve a competitive edge.
In June 2022, Archer Daniels Midland Company, an animal feed manufacturer, announced the acquisition of a feed mill in the Philippines. With this, the company intended to expand its range of leading-edge products and offer high-quality ingredients for the animal nutrition market.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.